• ICICI Bank average return on tangible equity for 2023 was 17.31, a 14.18% decline from 2022.
• ICICI Bank average return on tangible equity for 2022 was 15.16, a 22.85% increase from 2021.
• ICICI Bank average return on tangible equity for 2021 was 12.34, a 48.85% increase from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.