ICICI Bank (IBN) vs NatWest Group (NWG)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
NatWest Group (NWG) has outperformed ICICI Bank (IBN) over the past year, gaining 18.5% versus a loss of 9.2%. Over five years, NWG leads with a +146.0% price change compared with +43.4% for IBN. ICICI Bank is the larger company by market cap ($100.11 billion vs $67.86 billion), about 1.5 times the size.
On valuation, NatWest Group trades at a lower forward P/E (7.9x vs 14.9x for ICICI Bank). NatWest Group pays a dividend yielding 2.04%, while ICICI Bank does not currently pay one.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | IBN | NWG |
|---|---|---|
| Share price | $27.89 | $17.13 |
| Market cap | $100.11B | $67.86B |
| 1-day change | -0.04% | -0.12% |
| YTD return | -6.38% | -2.11% |
| 1-year return | -9.24% | +18.55% |
| 5-year return | +43.44% | +145.98% |
| P/E ratio (TTM) | 16.31 | 8.57 |
| Forward P/E | 14.90 | 7.94 |
| EPS (TTM) | $1.71 | $2.00 |
| Dividend yield | 0.90% | 2.04% |
| Annual dividend | $0.00 | $0.35 |
| 52-week high | $33.03 | $19.42 |
| 52-week low | $25.08 | $13.76 |
| Distance from 52-week high | -15.56% | -11.79% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +31.16% | +27.90% |
| Average volume | 5.33M | 3.59M |
| Shares outstanding | 3.59B | 3.96B |
| Employees | 124,029 | 59,000 |
| Sector | Finance | Finance |
| Industry | Commercial Banks | Commercial Banks |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- NWG has outperformed IBN by 27.8 percentage points over the past year.
- ICICI Bank trades at a higher earnings multiple (16.3x vs 8.6x trailing P/E).
- NatWest Group offers a meaningfully higher dividend yield (2.04% vs 0.90%).
About ICICI Bank
IBN stock →ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to corporate and retail customers in India and internationally. The company operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others segments.
Finance · Commercial Banks · 124,029 employees
About NatWest Group
NWG stock →NatWest Group plc, together with its subsidiaries, provides banking and financial products and services in the United Kingdom and internationally. It operates through the Retail Banking, Private Banking, and Commercial & Institutional segments.
Finance · Commercial Banks · 59,000 employees
IBN vs NWG FAQ
Which is bigger, ICICI Bank or NatWest Group?
ICICI Bank (IBN) is larger, with a market capitalization of $100.11B compared with $67.86B for NatWest Group (NWG).
Which stock has performed better over the past year, IBN or NWG?
NWG returned +18.55% over the past 12 months, compared with -9.24% for IBN (price return, excluding dividends). Past performance does not predict future results.
Which has the lower P/E ratio, IBN or NWG?
NWG has the lower trailing P/E at 8.6, versus 16.3 for IBN. A lower P/E is not by itself a sign of a better investment; it can reflect slower expected growth or higher risk.
Which pays a higher dividend, ICICI Bank or NatWest Group?
NatWest Group has the higher yield at 2.04%, compared with 0.90% for ICICI Bank.
Are ICICI Bank and NatWest Group in the same industry?
Yes. Both are classified in the Commercial Banks industry within the Finance sector.