The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting
held at Mumbai today, approved the audited accounts of the Bank for the
quarter ended December 31, 2012.
Profit & loss account
-
Standalone profit after tax increased 30% to Rs 2,250 crore (US$ 409
million) for the quarter ended December 31, 2012 (Q3-2013) from Rs
1,728 crore (US$ 314 million) for the quarter ended December 31, 2011
(Q3-2012).
-
Standalone profit after tax increased 32% to Rs 6,021 crore (US$ 1,095
million) for the nine months ended December 31, 2012 (9M-2013) from Rs
4,563 crore (US$ 830 million) for the nine months ended December 31,
2011 (9M-2012).
-
Net interest income increased 29% to Rs 3,499 crore (US$ 636 million)
in Q3-2013 from Rs 2,712 crore (US$ 493 million) in Q3-2012.
-
Net interest margin improved to 3.07% for Q3-2013 from 2.70% for
Q3-2012.
-
Non-interest income increased by 17% to Rs 2,215 crore (US$ 403
million) in Q3-2013 from Rs 1,892 crore (US$ 344 million) in Q3-2012.
-
Cost-to-income ratio reduced to 39.5% in Q3-2013 from 41.5% in Q3-2012.
-
Provisions were at Rs 369 crore (US$ 67 million) in Q3-2013 compared
to Rs 341 crore (US$ 62 million) in Q3-2012 and Rs 508 crore (US$ 92
million) in the quarter ended September 30, 2012 (Q2-2013).
-
Return on average assets (annualised) was 1.76% in Q3-2013 compared to
1.49% in Q3-2012.
Operating review
The Bank has continued with its strategy of pursuing profitable growth.
The Bank has grown its retail disbursements, resulting in an improvement
in retail loan portfolio growth. The Bank continued to leverage its
strong corporate franchise, its international presence and its branch
network in India. At December 31, 2012, the Bank had 2,895 branches, the
largest branch network among private sector banks in the country. The
Bank has also increased its ATM network to 10,040 ATMs at December 31,
2012 as compared to 7,602 at December 31, 2011.
Credit growth
Advances increased by 16% year-on-year to Rs 286,766 crore (US$ 52.1
billion) at December 31, 2012 from Rs 246,157 crore (US$ 44.8 billion)
at December 31, 2011. The year-on-year growth in retail advances was 17%
at December 31, 2012 compared to a year-on-year growth of 14% at
September 30, 2012.
Deposit growth
The Bank maintained its current and savings account (CASA) ratio at
40.9% at December 31, 2012 compared to 40.7% at September 30, 2012. The
Bank also maintained its average CASA ratio at 37.4% during Q3-2013
compared to 37.5% during Q2-2013. During Q3-2013, CASA deposits
increased by Rs 2,718 crore (US$ 494 million). At December 31, 2012,
savings account deposits were Rs 81,463 crore (US$ 14.8 billion) and
current account deposits were Rs 35,674 crore (US$ 6.5 billion).
Capital adequacy
The Bank’s capital adequacy at December 31, 2012 as per Reserve Bank of
India’s guidelines on Basel II norms was 19.53% and Tier-1 capital
adequacy was 13.25%, well above RBI’s requirement of total capital
adequacy of 9.0% and Tier-1 capital adequacy of 6.0%.
Asset quality
Net non-performing assets at December 31, 2012 were Rs 2,185 crore (US$
397 million) compared to Rs 2,138 crore (US$ 389 million) at September
30, 2012 and Rs 2,082 crore (US$ 379 million) at December 31, 2011. The
Bank’s net non-performing asset ratio was 0.64% at December 31, 2012
compared to 0.66% at September 30, 2012 and 0.70% at December 31, 2011.
The Bank’s provision coverage ratio computed in accordance with the RBI
guidelines was 77.7% at December 31, 2012. Net restructured loans at
December 31, 2012 were Rs 4,169 crore (US$ 758 million) compared to Rs
4,158 crore (US$ 756 million) at September 30, 2012.
Consolidated profits
Consolidated profit after tax increased 22% to Rs 2,645 crore (US$ 481
million) for Q3-2013 from Rs 2,174 crore (US$ 395 million) for Q3-2012.
The consolidated return on equity (annualised) improved from 14.2% in
Q3-2012 to 15.7% in Q3-2013.
Insurance subsidiaries
ICICI Prudential Life Insurance Company (ICICI Life) was the largest
private sector life insurer based on new business retail weighted
received premium during 9M-2013. ICICI Life’s profit after tax for
Q3-2013 was Rs 397 crore (US$ 72 million) compared to Rs 367 crore (US$
67 million) for Q3-2012. ICICI Life’s annualised premium equivalent
(APE) increased by 11% to Rs 2,255 crore (US$ 410 million) in 9M-2013
from Rs 2,040 crore (US$ 371 million) in 9M-2012. The assets under
management at December 31, 2012 were Rs 74,982 crore (US$ 13.6 billion).
ICICI Lombard General Insurance Company (ICICI General) maintained its
leadership in the private sector during 9M-2013. The gross premium
income of ICICI General increased by 24% to Rs 1,687 crore (US$ 307
million) in Q3-2013 from Rs 1,356 crore (US$ 247 million) in Q3-2012.
ICICI General’s profit after tax for Q3-2013 was Rs 95 crore (US$ 17
million) compared to Rs 101 crore (US$ 18 million) for Q3-2012.
Summary Profit and Loss Statement (as per unconsolidated Indian GAAP
accounts)
|
Rs crore
|
|
|
|
FY2012
|
|
Q3-2012
|
|
9M-2012
|
|
|
Q2-2013
|
|
Q3-2013
|
|
9M-2013
|
|
Net interest income
|
|
10,734
|
|
|
2,712
|
|
|
7,629
|
|
|
3,371
|
|
3,499
|
|
10,063
|
|
Non-interest income
|
|
7,502
|
|
|
1,892
|
|
|
5,274
|
|
|
2,043
|
|
2,215
|
|
6,138
|
|
- Fee income
|
|
6,707
|
|
|
1,701
|
|
|
4,979
|
|
|
1,709
|
|
1,771
|
|
5,126
|
|
- Dividend and other income
|
|
808
|
|
|
256
|
|
|
465
|
|
|
162
|
|
193
|
|
609
|
|
- Treasury income
|
|
(13
|
)
|
|
(65
|
)
|
|
(170
|
)
|
|
172
|
|
251
|
|
403
|
|
Less:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expense1 |
|
7,850
|
|
|
1,917
|
|
|
5,628
|
|
|
2,221
|
|
2,261
|
|
6,606
|
|
Operating profit
|
|
10,386
|
|
|
2,687
|
|
|
7,275
|
|
|
3,193
|
|
3,453
|
|
9,595
|
|
Less: Provisions
|
|
1,583
|
|
|
341
|
|
|
1,114
|
|
|
508
|
|
369
|
|
1,342
|
|
Profit before tax
|
|
8,803
|
|
|
2,346
|
|
|
6,161
|
|
|
2,685
|
|
3,084
|
|
8,253
|
|
Less: Tax
|
|
2,338
|
|
|
618
|
|
|
1,598
|
|
|
729
|
|
834
|
|
2,232
|
|
Profit after tax
|
|
6,465
|
|
|
1,728
|
|
|
4,563
|
|
|
1,956
|
|
2,250
|
|
6,021
|
1. Includes commissions paid to direct marketing agents (DMAs)
for origination of retail loans and lease depreciation.
2.
Prior period figures have been regrouped/re-arranged where necessary.
|
|
|
|
|
Summary Balance Sheet
|
|
Rs crore
|
|
|
|
At
|
|
|
December
31, 2011
|
|
March
31, 2012
|
|
September
30, 2012
|
|
December
31, 2012
|
|
Capital and Liabilities
|
|
|
|
|
|
|
|
|
|
Capital
|
|
1,153
|
|
1,153
|
|
1,153
|
|
1,153
|
|
Employee stock options outstanding
|
|
2
|
|
2
|
|
3
|
|
4
|
|
Reserves and surplus
|
|
59,821
|
|
59,250
|
|
63,306
|
|
65,961
|
|
Deposits
|
|
260,589
|
|
255,500
|
|
281,438
|
|
286,418
|
|
Borrowings (includes subordinated debt)1 |
|
122,281
|
|
140,165
|
|
135,390
|
|
147,149
|
|
Other liabilities2 |
|
47,095
|
|
32,999
|
|
29,904
|
|
26,654
|
|
Total Capital and Liabilities
|
|
490,941
|
|
489,069
|
|
511,194
|
|
527,339
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
Cash and balances with Reserve Bank of India
|
|
22,144
|
|
20,461
|
|
21,175
|
|
21,778
|
|
Balances with banks and money at call and short notice
|
|
17,202
|
|
15,768
|
|
21,247
|
|
19,351
|
|
Investments
|
|
149,791
|
|
159,560
|
|
157,914
|
|
166,842
|
|
Advances
|
|
246,157
|
|
253,728
|
|
275,076
|
|
286,766
|
|
Fixed assets
|
|
4,617
|
|
4,615
|
|
4,621
|
|
4,619
|
|
Other assets2 |
|
51,030
|
|
34,937
|
|
31,161
|
|
27,983
|
|
Total Assets
|
|
490,941
|
|
489,069
|
|
511,194
|
|
527,339
|
1. Borrowings include preference share capital of Rs 350 crore.
2.
At December 31, 2012, the Bank has presented the mark-to-market (MTM)
gain or loss on forex and derivative transactions on gross basis.
Accordingly, the gross positive MTM amounting to Rs 12,254 crore has
been included in Other assets and gross negative MTM amounting to Rs
10,744 crore has been included in Other liabilities. Consequent to the
change, Other assets and Other liabilities have increased by Rs 14,139
crore, Rs 15,422 crore and Rs 31,648 crore at September 30, 2012, March
31, 2012 and December 31, 2011 respectively.
All financial and other information in this press release, other than
financial and other information for specific subsidiaries where
specifically mentioned, is on an unconsolidated basis for ICICI Bank
Limited only unless specifically stated to be on a consolidated basis
for ICICI Bank Limited and its subsidiaries. Please also refer to the
statement of audited unconsolidated, consolidated and segmental results
required by Indian regulations that has, along with this release, been
filed with the stock exchanges in India where ICICI Bank’s equity shares
are listed and with the New York Stock Exchange and the US Securities
Exchange Commission, and is available on our website www.icicibank.com.
Except for the historical information contained herein, statements in
this release which contain words or phrases such as 'will', ‘expected
to’, etc., and similar expressions or variations of such expressions may
constitute 'forward-looking statements'. These forward-looking
statements involve a number of risks, uncertainties and other factors
that could cause actual results, opportunities and growth potential to
differ materially from those suggested by the forward-looking
statements. These risks and uncertainties include, but are not limited
to, the actual growth in demand for banking and other financial products
and services in the countries that we operate or where a material number
of our customers reside, our ability to successfully implement our
strategy, including our use of the Internet and other technology, our
rural expansion, our exploration of merger and acquisition
opportunities, our ability to integrate recent or future mergers or
acquisitions into our operations and manage the risks associated with
such acquisitions to achieve our strategic and financial objectives, our
ability to manage the increased complexity of the risks we face
following our rapid international growth, future levels of impaired
loans, our growth and expansion in domestic and overseas markets, the
adequacy of our allowance for credit and investment losses,
technological changes, investment income, our ability to market new
products, cash flow projections, the outcome of any legal, tax or
regulatory proceedings in India and in other jurisdictions we are or
become a party to, the future impact of new accounting standards, our
ability to implement our dividend policy, the impact of changes in
banking regulations and other regulatory changes in India and other
jurisdictions on us, the bond and loan market conditions and
availability of liquidity amongst the investor community in these
markets, the nature or level of credit spreads, interest spreads from
time to time, including the possibility of increasing credit spreads or
interest rates, our ability to roll over our short-term funding sources
and our exposure to credit, market and liquidity risks as well as other
risks that are detailed in the reports filed by us with the United
States Securities and Exchange Commission. ICICI Bank undertakes no
obligation to update forward-looking statements to reflect events or
circumstances after the date thereof.
This release does not constitute an offer of securities.
For further press queries please call Sujit Ganguli at 91-22-2653
8525 or email ganguli.sujit@icicibank.com.
For investor queries please call Rakesh Mookim at 91-22-2653 6114 or
email ir@icicibank.com.
1 crore = 10.0 million
US$ amounts represent convenience
translations at US$1= Rs 55.00
|
|
|
ICICI Bank Limited
|
|
Registered Office: Landmark, Race Course Circle, Vadodara - 390 007.
|
|
Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex, Bandra
(East), Mumbai - 400 051.
|
|
Web site: http://www.icicibank.com
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNCONSOLIDATED FINANCIAL RESULTS
|
|
(Rs in crore)
|
|
Sr. no.
|
|
Particulars
|
|
Three months ended
|
|
Nine months ended
|
|
Year ended
|
|
|
|
|
|
|
|
|
|
December
31, 2012
|
|
September 30, 2012
|
|
December
31, 2011
|
|
December
31, 2012
|
|
December
31, 2011
|
|
March
31, 2012
|
|
|
|
|
|
|
|
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
1.
|
|
Interest earned (a)+(b)+(c)+(d)
|
|
10,138.29
|
|
|
10,026.33
|
|
|
8,591.87
|
|
|
29,710.27
|
|
|
24,368.01
|
|
|
33,542.65
|
|
|
|
|
a)
|
Interest/discount on advances/bills
|
|
7,065.80
|
|
|
6,848.79
|
|
|
5,685.84
|
|
|
20,370.42
|
|
|
16,001.71
|
|
|
22,129.89
|
|
|
|
|
b)
|
Income on investments
|
|
2,742.42
|
|
|
2,744.54
|
|
|
2,472.54
|
|
|
8,188.87
|
|
|
7,068.55
|
|
|
9,684.02
|
|
|
|
|
c)
|
Interest on balances with Reserve Bank of India and other inter-bank
funds
|
|
136.25
|
|
|
148.83
|
|
|
134.11
|
|
|
408.69
|
|
|
363.21
|
|
|
491.14
|
|
|
|
|
d)
|
Others
|
|
193.82
|
|
|
284.17
|
|
|
299.38
|
|
|
742.29
|
|
|
934.54
|
|
|
1,237.60
|
|
|
2.
|
|
Other income
|
|
2,214.62
|
|
|
2,042.97
|
|
|
1,891.86
|
|
|
6,137.51
|
|
|
5,274.30
|
|
|
7,502.76
|
|
|
3.
|
|
TOTAL INCOME (1)+(2)
|
|
12,352.91
|
|
|
12,069.30
|
|
|
10,483.73
|
|
|
35,847.78
|
|
|
29,642.31
|
|
|
41,045.41
|
|
|
4.
|
|
Interest expended
|
|
6,639.27
|
|
|
6,655.10
|
|
|
5,879.85
|
|
|
19,647.08
|
|
|
16,738.63
|
|
|
22,808.50
|
|
|
5.
|
|
Operating expenses (e)+(f)
|
|
2,261.16
|
|
|
2,220.90
|
|
|
1,916.78
|
|
|
6,605.59
|
|
|
5,628.80
|
|
|
7,850.44
|
|
|
|
|
e)
|
Employee cost
|
|
940.64
|
|
|
965.88
|
|
|
836.63
|
|
|
2,893.55
|
|
|
2,412.18
|
|
|
3,515.28
|
|
|
|
|
f)
|
Other operating expenses
|
|
1,320.52
|
|
|
1,255.02
|
|
|
1,080.15
|
|
|
3,712.04
|
|
|
3,216.62
|
|
|
4,335.16
|
|
|
6.
|
|
TOTAL EXPENDITURE (4)+(5)
(excluding provisions and
contingencies)
|
|
8,900.43
|
|
|
8,876.00
|
|
|
7,796.63
|
|
|
26,252.67
|
|
|
22,367.43
|
|
|
30,658.94
|
|
|
7.
|
|
OPERATING PROFIT (3)–(6)
(Profit before provisions and
contingencies)
|
|
3,452.48
|
|
|
3,193.30
|
|
|
2,687.10
|
|
|
9,595.11
|
|
|
7,274.88
|
|
|
10,386.47
|
|
|
8.
|
|
Provisions (other than tax) and contingencies
|
|
368.73
|
|
|
507.92
|
|
|
341.10
|
|
|
1,342.52
|
|
|
1,113.75
|
|
|
1,583.04
|
|
|
9.
|
|
Exceptional items
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
10.
|
|
PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAX (7)–(8)–(9)
|
|
3,083.75
|
|
|
2,685.38
|
|
|
2,346.00
|
|
|
8,252.59
|
|
|
6,161.13
|
|
|
8,803.43
|
|
|
11.
|
|
Tax expense (g)+(h)
|
|
833.51
|
|
|
729.27
|
|
|
617.90
|
|
|
2,231.19
|
|
|
1,597.64
|
|
|
2,338.17
|
|
|
|
|
g)
|
Current period tax
|
|
746.91
|
|
|
679.36
|
|
|
492.94
|
|
|
2,162.81
|
|
|
1,564.45
|
|
|
2,193.52
|
|
|
|
|
h)
|
Deferred tax adjustment
|
|
86.60
|
|
|
49.91
|
|
|
124.96
|
|
|
68.38
|
|
|
33.19
|
|
|
144.65
|
|
|
12.
|
|
NET PROFIT/(LOSS) FROM ORDINARY ACTIVITIES AFTER TAX (10)–(11)
|
|
2,250.24
|
|
|
1,956.11
|
|
|
1,728.10
|
|
|
6,021.40
|
|
|
4,563.49
|
|
|
6,465.26
|
|
|
13.
|
|
Extraordinary items (net of tax expense)
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
14.
|
|
NET PROFIT/(LOSS) FOR THE PERIOD (12)–(13)
|
|
2,250.24
|
|
|
1,956.11
|
|
|
1,728.10
|
|
|
6,021.40
|
|
|
4,563.49
|
|
|
6,465.26
|
|
|
15.
|
|
Paid-up equity share capital (face value Rs 10/- each)
|
|
1,153.36
|
|
|
1,153.08
|
|
|
1,152.62
|
|
|
1,153.36
|
|
|
1,152.62
|
|
|
1,152.77
|
|
|
16.
|
|
Reserves excluding revaluation reserves
|
|
65,961.38
|
|
|
63,305.63
|
|
|
59,821.05
|
|
|
65,961.38
|
|
|
59,821.05
|
|
|
59,250.09
|
|
|
17.
|
|
Analytical ratios
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i)
|
Percentage of shares held by Government of India
|
|
0.01
|
|
|
0.01
|
|
|
..
|
|
0.01
|
|
|
..
|
|
..
|
|
|
|
ii)
|
Capital adequacy ratio
|
|
19.53
|
%
|
|
18.28
|
%
|
|
18.88
|
%
|
|
19.53
|
%
|
|
18.88
|
%
|
|
18.52
|
%
|
|
|
|
iii)
|
Earnings per share (EPS)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
Basic EPS before and after extraordinary items, net of tax expense
(not annualised for three months/nine months) (in Rs)
|
|
19.51
|
|
|
16.97
|
|
|
14.99
|
|
|
52.23
|
|
|
39.61
|
|
|
56.11
|
|
|
|
|
|
b)
|
Diluted EPS before and after extraordinary items, net of tax
expense (not annualised for three months/nine months) (in Rs)
|
|
19.42
|
|
|
16.91
|
|
|
14.96
|
|
|
52.06
|
|
|
39.49
|
|
|
55.95
|
|
|
18.
|
|
NPA Ratio1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i)
|
Gross non-performing advances (net of write-off)
|
|
9,763.39
|
|
|
10,036.37
|
|
|
9,723.01
|
|
|
9,763.39
|
|
|
9,723.01
|
|
|
9,475.33
|
|
|
|
|
ii)
|
Net non-performing advances
|
|
2,181.53
|
|
|
2,134.07
|
|
|
2,047.67
|
|
|
2,181.53
|
|
|
2,047.67
|
|
|
1,860.84
|
|
|
|
|
iii)
|
% of gross non-performing advances (net of write-off) to gross
advances
|
|
3.31
|
%
|
|
3.54
|
%
|
|
3.82
|
%
|
|
3.31
|
%
|
|
3.82
|
%
|
|
3.62
|
%
|
|
|
|
iv)
|
% of net non-performing advances to net advances
|
|
0.76
|
%
|
|
0.78
|
%
|
|
0.83
|
%
|
|
0.76
|
%
|
|
0.83
|
%
|
|
0.73
|
%
|
|
19.
|
|
Return on assets (annualised)
|
|
1.80
|
%
|
|
1.59
|
%
|
|
1.57
|
%
|
|
1.66
|
%
|
|
1.43
|
%
|
|
1.50
|
%
|
|
20.
|
|
Public shareholding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i)
|
No. of shares
|
|
1,153,303,032
|
|
|
1,153,027,642
|
|
|
1,152,564,657
|
|
|
1,153,303,032
|
|
|
1,152,564,657
|
|
|
1,152,714,442
|
|
|
|
|
ii)
|
Percentage of shareholding
|
|
100
|
|
|
100
|
|
|
100
|
|
|
100
|
|
|
100
|
|
|
100
|
|
|
21.
|
|
Promoter and promoter group shareholding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i)
|
Pledged/encumbered
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
No. of shares
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
|
|
|
b)
|
Percentage of shares (as a % of the total shareholding of promoter
and promoter group)
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
|
|
|
c)
|
Percentage of shares (as a % of the total share capital of the Bank)
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
|
|
ii)
|
Non-encumbered
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
No. of shares
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
|
|
|
b)
|
Percentage of shares (as a % of the total shareholding of promoter
and promoter group)
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
|
|
|
c)
|
Percentage of shares (as a % of the total share capital of the Bank)
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1
|
|
At December 31, 2012 the percentage of gross non-performing customer
assets to gross customer assets was 2.82% and net non-performing
customer assets to net customer assets was 0.64%. Customer assets
include advances and credit substitutes.
|
|
|
|
|
|
SUMMARISED UNCONSOLIDATED BALANCE SHEET
|
|
(Rs in crore)
|
|
Particulars
|
|
At
|
|
|
|
December
31, 2012
|
|
September
30, 2012
|
|
March
31, 2012
|
|
December
31, 2011
|
|
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
Capital and Liabilities
|
|
|
|
|
|
|
|
|
|
Capital
|
|
1,153.36
|
|
1,153.08
|
|
1,152.77
|
|
1,152.62
|
|
Employees stock options outstanding
|
|
3.95
|
|
3.43
|
|
2.39
|
|
1.84
|
|
Reserves and surplus
|
|
65,961.38
|
|
63,305.63
|
|
59,250.09
|
|
59,821.05
|
|
Deposits
|
|
286,418.06
|
|
281,438.20
|
|
255,499.96
|
|
260,589.36
|
|
Borrowings (includes preference shares and subordinated debt)
|
|
147,149.07
|
|
135,390.13
|
|
140,164.90
|
|
122,280.83
|
|
Other liabilities and provisions
|
|
26,653.07
|
|
29,903.98
|
|
32,998.69
|
|
47,095.74
|
|
Total Capital and Liabilities
|
|
527,338.89
|
|
511,194.45
|
|
489,068.80
|
|
490,941.44
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
Cash and balances with Reserve Bank of India
|
|
21,777.62
|
|
21,175.08
|
|
20,461.30
|
|
22,144.07
|
|
Balances with banks and money at call and short notice
|
|
19,351.02
|
|
21,247.03
|
|
15,768.02
|
|
17,201.90
|
|
Investments
|
|
166,842.01
|
|
157,913.96
|
|
159,560.04
|
|
149,791.42
|
|
Advances
|
|
286,765.98
|
|
275,075.63
|
|
253,727.66
|
|
246,157.49
|
|
Fixed assets
|
|
4,618.52
|
|
4,621.49
|
|
4,614.68
|
|
4,616.63
|
|
Other assets
|
|
27,983.74
|
|
31,161.26
|
|
34,937.10
|
|
51,029.93
|
|
Total Assets
|
|
527,338.89
|
|
511,194.45
|
|
489,068.80
|
|
490,941.44
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATED FINANCIAL RESULTS
|
|
(Rs in crore)
|
|
Sr. no.
|
|
Particulars
|
|
Three months ended
|
|
Nine months ended
|
|
Year ended
|
|
|
|
|
|
December 31, 2012
|
|
September 30, 2012
|
|
December 31, 2011
|
|
December
31, 2012
|
|
December 31, 2011
|
|
March
31, 2012
|
|
|
|
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Audited)
|
|
1.
|
|
Total income
|
|
18,715.39
|
|
18,609.43
|
|
16,497.35
|
|
53,964.53
|
|
47,357.75
|
|
66,658.28
|
|
2.
|
|
Net profit
|
|
2,644.61
|
|
2,390.37
|
|
2,174.22
|
|
7,111.56
|
|
5,832.67
|
|
7,642.94
|
|
3.
|
|
Earnings per share (EPS)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Basic EPS (not annualised for three months/nine months) (in Rs)
|
|
22.93
|
|
20.73
|
|
18.87
|
|
61.68
|
|
50.62
|
|
66.33
|
|
|
|
b) Diluted EPS (not annualised for three months/nine months) (in
Rs)
|
|
22.79
|
|
20.63
|
|
18.78
|
|
61.38
|
|
50.37
|
|
66.06
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNCONSOLIDATED SEGMENTAL RESULTS OF ICICI BANK LIMITED
|
|
(Rs in crore)
|
|
|
Sr. no.
|
|
Particulars
|
|
Three months ended
|
|
Nine months ended
|
|
Year ended
|
|
|
|
|
|
|
|
December 31, 2012
|
|
September 30, 2012
|
|
December 31, 2011
|
|
December
31, 2012
|
|
December 31, 2011
|
|
March
31, 2012
|
|
|
|
|
|
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
|
|
1.
|
|
Segment revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a
|
|
Retail Banking
|
|
5,698.63
|
|
|
5,579.55
|
|
|
4,951.87
|
|
|
16,742.23
|
|
|
14,487.12
|
|
|
19,711.27
|
|
|
|
|
b
|
|
Wholesale Banking
|
|
8,264.85
|
|
|
7,988.92
|
|
|
6,798.37
|
|
|
23,502.34
|
|
|
18,787.09
|
|
|
26,171.31
|
|
|
|
|
c
|
|
Treasury
|
|
9,025.02
|
|
|
8,917.37
|
|
|
7,603.06
|
|
|
26,451.45
|
|
|
21,847.44
|
|
|
30,141.42
|
|
|
|
|
d
|
|
Other Banking
|
|
103.89
|
|
|
71.78
|
|
|
51.96
|
|
|
257.73
|
|
|
187.48
|
|
|
282.18
|
|
|
|
|
|
|
Total segment revenue
|
|
23,092.39
|
|
|
22,557.62
|
|
|
19,405.26
|
|
|
66,953.75
|
|
|
55,309.13
|
|
|
76,306.18
|
|
|
|
|
|
|
Less: Inter segment revenue
|
|
10,739.48
|
|
|
10,488.32
|
|
|
8,921.53
|
|
|
31,105.97
|
|
|
25,666.82
|
|
|
35,260.77
|
|
|
|
|
|
|
Income from operations
|
|
12,352.91
|
|
|
12,069.30
|
|
|
10,483.73
|
|
|
35,847.78
|
|
|
29,642.31
|
|
|
41,045.41
|
|
|
|
|
2.
|
|
Segmental results (i.e. Profit before tax)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a
|
|
Retail Banking
|
|
242.49
|
|
|
299.53
|
|
|
320.45
|
|
|
684.86
|
|
|
341.91
|
|
|
549.99
|
|
|
|
|
b
|
|
Wholesale Banking
|
|
1,922.76
|
|
|
1,487.62
|
|
|
1,657.14
|
|
|
4,998.38
|
|
|
4,457.95
|
|
|
6,207.73
|
|
|
|
|
c
|
|
Treasury
|
|
934.49
|
|
|
828.16
|
|
|
398.24
|
|
|
2,561.82
|
|
|
1,380.41
|
|
|
2,080.68
|
|
|
|
|
d
|
|
Other Banking
|
|
(15.99
|
)
|
|
70.07
|
|
|
(29.83
|
)
|
|
7.53
|
|
|
(19.14
|
)
|
|
(34.97
|
)
|
|
|
|
|
|
Total segment results
|
|
3,083.75
|
|
|
2,685.38
|
|
|
2,346.00
|
|
|
8,252.59
|
|
|
6,161.13
|
|
|
8,803.43
|
|
|
|
|
|
|
Unallocated expenses
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
|
|
|
|
Profit before tax
|
|
3,083.75
|
|
|
2,685.38
|
|
|
2,346.00
|
|
|
8,252.59
|
|
|
6,161.13
|
|
|
8,803.43
|
|
|
|
|
3.
|
|
Capital employed
(i.e. Segment assets – Segment liabilities)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a
|
|
Retail Banking
|
|
(124,172.15
|
)
|
|
(120,961.40
|
)
|
|
(105,342.94
|
)
|
|
(124,172.15
|
)
|
|
(105,342.94
|
)
|
|
(106,850.82
|
)
|
|
|
|
b
|
|
Wholesale Banking
|
|
123,905.41
|
|
|
115,358.26
|
|
|
90,958.19
|
|
|
123,905.41
|
|
|
90,958.19
|
|
|
106,384.77
|
|
|
|
|
c
|
|
Treasury
|
|
59,610.96
|
|
|
63,115.73
|
|
|
68,274.02
|
|
|
59,610.96
|
|
|
68,274.02
|
|
|
53,552.58
|
|
|
|
|
d
|
|
Other Banking
|
|
2,112.79
|
|
|
1,590.79
|
|
|
1,506.03
|
|
|
2,112.79
|
|
|
1,506.03
|
|
|
1,717.58
|
|
|
|
|
e
|
|
Unallocated
|
|
5,661.68
|
|
|
5,358.76
|
|
|
5,580.21
|
|
|
5,661.68
|
|
|
5,580.21
|
|
|
5,601.14
|
|
|
|
|
|
|
Total
|
|
67,118.69
|
|
|
64,462.14
|
|
|
60,975.51
|
|
|
67,118.69
|
|
|
60,975.51
|
|
|
60,405.25
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Notes on segmental results:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.
|
|
The disclosure on segmental reporting has been prepared in
accordance with Reserve Bank of India (RBI) circular no.
DBOD.No.BP.BC.81/21.04.018/2006-07 dated April 18, 2007 on
guidelines on enhanced disclosures on "Segmental Reporting" which is
effective from the reporting period ended March 31, 2008.
|
|
|
|
2.
|
|
"Retail Banking" includes exposures which satisfy the four criteria
of orientation, product, granularity and low value of individual
exposures for retail exposures laid down in Basel committee on
Banking Supervision document "International Convergence of Capital
Measurement and Capital Standards: A Revised Framework".
|
|
|
|
3.
|
|
"Wholesale Banking" includes all advances to trusts, partnership
firms, companies and statutory bodies, which are not included under
Retail Banking.
|
|
|
|
4.
|
|
"Treasury" includes the entire investment and derivative portfolio
of the Bank.
|
|
|
|
5.
|
|
"Other Banking" includes leasing operations and other items not
attributable to any particular business segment.
|
|
|
|
|
|
|
|
|
|
Notes:
|
|
|
|
1.
|
|
The above financial results have been approved by the Board of
Directors at its meeting held on January 31, 2013.
|
|
|
2.
|
|
The financial statements have been prepared in accordance with
Accounting Standard (AS) 25 on 'Interim Financial Reporting'.
|
|
|
3.
|
|
The provision coverage ratio of the Bank at December 31, 2012,
computed as per the RBI circular dated December 1, 2009, is 77.7%
(September 30, 2012: 78.7%; March 31, 2012: 80.4%; December 31,
2011: 78.9%).
|
|
|
4.
|
|
In accordance with Insurance Regulatory and Development Authority
(IRDA) guidelines, ICICI Lombard General Insurance Company (ICICI
General), together with all other general insurance companies
participated in the Indian Motor Third Party Insurance Pool (the
Pool), administered by the General Insurance Corporation of India
(GIC) from April 1, 2007. The Pool covered reinsurance of third
party risks of commercial vehicles. IRDA through its orders dated
December 23, 2011, January 3, 2012 and March 22, 2012 has directed
the dismantling of the Pool on a clean cut basis and advised
recognition of the Pool liabilities as per loss ratios estimated
by GAD UK ("GAD Estimates") for underwriting years commencing from
the year ended March 31, 2008 to year ended March 31, 2012. ICICI
General recognised the additional liabilities of the Pool in the
three months ended March 31, 2012 and accordingly the Bank's
consolidated net profit after tax for the year ended March 31,
2012 includes impact of additional Pool losses of Rs 503.03 crore
in line with Bank's shareholding in ICICI General.
|
|
|
5.
|
|
At December 31, 2012 the Bank has presented the mark-to-market
(MTM) gain or loss on forex and derivative transactions on gross
basis. Accordingly, the gross positive MTM amounting to Rs
12,254.23 crore has been included in Other assets and gross
negative MTM amounting to Rs 10,743.75 crore has been included in
Other liabilities. Consequent to the change, Other assets and
Other liabilities have increased by Rs 14,139.33 crore, Rs
15,421.71 crore and Rs 31,648.46 crore at September 30, 2012,
March 31, 2012 and December 31, 2011 respectively.
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6.
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During the three months ended December 31, 2012 the Bank has
allotted 275,390 equity shares of Rs 10/- each pursuant to
exercise of employee stock options.
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7.
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Status of equity investors' complaints/grievances for the three
months ended December 31, 2012:
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Opening balance
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Additions
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Disposals
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Closing balance
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0
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24
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22
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2
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8.
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Previous period/year figures have been re-grouped/re-classified
where necessary to conform to current period classification.
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9.
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The above unconsolidated financial results are audited by the
statutory auditors, S.R. Batliboi & Co., Chartered Accountants.
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10.
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Rs 1 crore = Rs 10 million.
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