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 September 30, 2013.
Profit & loss account
-
Standalone profit after tax increased 20% to Rs 2,352 crore (US$ 376
million) for the quarter ended September 30, 2013 (Q2-2014) from Rs
1,956 crore (US$ 312 million) for the quarter ended September 30, 2012
(Q2-2013).
-
The Bank has fully recognised the mark-to-market provisions of Rs 279
crore (US$ 45 million) on its investment portfolio, and has not
availed the option permitted by the Reserve Bank of India of
recognising the same over three quarters.
-
Operating profit excluding treasury increased 31% year-on-year to Rs
3,967 crore (US$ 634 million) in Q2-2014 from Rs 3,022 crore (US$ 483
million) in Q2-2013.
-
Net interest income increased 20% to Rs 4,044 crore (US$ 646 million)
in Q2-2014 from Rs 3,371 crore (US$ 538 million) in Q2-2013.
-
Net interest margin increased by 31 basis points from 3.00% for
Q2-2013 and 3.27% in Q1-2014 to 3.31% for Q2-2014.
-
Net interest margin of international branches increased from 1.60% in
Q1-2014 to 1.80% in Q2-2014, while the domestic net interest margin
was stable at 3.65% in Q2-2014 vis-à-vis 3.63% in Q1-2014.
-
Fee income increased by 17% to Rs 1,994 crore (US$ 319 million) in
Q2-2014 from Rs 1,709 crore (US$ 273 million) in Q2-2013.
-
Cost-to-income ratio reduced to 37.3% in Q2-2014 from 40.9% in Q2-2013.
-
Provisions were at Rs 625 crore (US$ 100 million) in Q2-2014 compared
to Rs 508 crore (US$ 81 million) in Q2-2013.
-
Return on average assets was 1.70% in Q2-2014 compared to 1.54% in
Q2-2013.
Operating review
The Bank has continued with its strategy of pursuing profitable growth.
The Bank continued to leverage its branch network, its strong corporate
franchise and its international presence. During the quarter, the Bank
added 157 branches, including 105 low cost Gramin branches, and 196 ATMs
to its network. At September 30, 2013, the Bank had 3,507 branches, the
largest branch network among private sector banks in the country. The
Bank’s ATM network increased to 11,098 ATMs at September 30, 2013 as
compared to 10,006 at September 30, 2012.
Credit growth
Total advances increased by 16% year-on-year to Rs 317,786 crore (US$
50.8 billion) at September 30, 2013 from Rs 275,076 crore (US$ 43.9
billion) at September 30, 2012. The year-on-year growth in domestic
advances was 14%. The Bank has continued to see healthy growth in its
retail disbursements. As a result, the outstanding mortgages and auto
loan portfolios for the Bank have grown by 23% and 27% respectively on a
year-on-year basis at September 30, 2013. Based on the above, the Bank
has seen a year-on-year growth of 20% in its total retail portfolio at
September 30, 2013.
Deposit growth
The Bank has seen healthy trends in current and savings account (CASA)
deposits mobilisation. During Q2-2014, savings account deposits
increased by Rs 4,682 crore (US$ 748 million) and current account
deposits increased by Rs 3,391 crore (US$ 542 million). At September 30,
2013, savings account deposits were Rs 93,535 crore (US$ 14.9 billion)
and current account deposits were Rs 40,373 crore (US$ 6.4 billion). The
Bank’s CASA ratio was maintained at 43.3% at September 30, 2013. The
average CASA ratio improved to 40.3% during Q2-2014 compared to 39.0%
during the quarter ended June 30, 2013 (Q1-2014).
Capital adequacy
The Bank’s capital adequacy at September 30, 2013 as per Reserve Bank of
India’s guidelines on Basel III norms was 16.50% and Tier-1 capital
adequacy was 11.33%, well above regulatory requirements. In line with
applicable guidelines, the Basel III capital ratios reported by the Bank
for at September 30, 2013 do not include the profits for the half year
ended September 30, 2013 (H1-2014). Including the profits for H1-2014,
the capital adequacy ratio for the Bank as per Basel III norms would
have been 17.21% and the Tier I ratio would have been 12.04%.
Asset quality
Net non-performing assets at September 30, 2013 were Rs 2,707 crore (US$
432 million) compared to Rs 2,472 crore (US$ 395 million) at June 30,
2013. The net non-performing asset ratio was 0.73% at September 30, 2013
compared to 0.69% at June 30, 2013. The Bank’s provision coverage ratio,
computed in accordance with the RBI guidelines was 73.1% at September
30, 2013. Net loans to companies whose facilities have been restructured
were Rs 6,826 crore (US$ 1.1 billion) at September 30, 2013 compared to
Rs 5,915 crore (US$ 945 million) at June 30, 2013.
Consolidated profits
Consolidated profit after tax increased 13% to Rs 2,698 crore (US$ 431
million) for Q2-2014 from Rs 2,390 crore (US$ 382 million) for Q2-2013,
after including the impact of market volatility on subsidiaries with
market linked businesses. The consolidated return on equity on an
annualised basis was 14.6% during Q2-2014. The consolidated profit after
tax increased by 22% from Rs 4,467 crore (US$ 714 million) for the half
year ended September 30, 2012 (H1-2013) to Rs 5,445 crore (US$ 870
million) for the half year ended September 30, 2013 (H1-2014). The
consolidated return on equity on an annualised basis increased from
14.1% in H1-2013 to 15.1% in H1-2014
Insurance subsidiaries
ICICI Life’s profit after tax for Q2-2014 was Rs 387 crore (US$ 62
million) compared to Rs 396 crore (US$ 63 million) for Q2-2013. ICICI
Life’s new business annualised premium equivalent (APE) was Rs 954 crore
(US$ 152 million) in Q2-2014 compared to Rs 781 crore (US$ 125 million)
in Q2-2013. The assets under management at September 30, 2013 were Rs
73,976 crore (US$ 11.8 billion).
ICICI Lombard General Insurance Company (ICICI General) maintained its
leadership in the private sector during April-August 2013. The gross
premium income of ICICI General increased by 12% to Rs 1,701 crore (US$
272 million) in Q2-2014 from Rs 1,517 crore (US$ 242 million) in
Q2-2013. ICICI General’s profit after tax for Q2-2014 increased to Rs
156 crore (US$ 25 million) from Rs 101 crore (US$ 16 million) for
Q2-2013.
Chief Financial Officer
Mr. Rakesh Jha, Deputy Chief Financial Officer has been designated as
Chief Financial Officer of ICICI Bank. He will continue to report to Mr.
N. S. Kannan, Executive Director.
Summary Profit and Loss Statement (as per unconsolidated Indian
GAAP accounts)
|
Rs crore
|
|
|
FY2013
|
|
Q1-2013
|
|
Q2-2013
|
|
H1-2013
|
|
Q1-2014
|
|
Q2-2014
|
|
H1-2014
|
Net interest income
|
|
13,866
|
|
3,193
|
|
|
3,371
|
|
6,564
|
|
3,820
|
|
4,044
|
|
|
7,864
|
Non-interest income
|
|
8,346
|
|
1,880
|
|
|
2,043
|
|
3,923
|
|
2,484
|
|
2,166
|
|
|
4,651
|
- Fee income
|
|
6,901
|
|
1,647
|
|
|
1,709
|
|
3,356
|
|
1,793
|
|
1,994
|
|
|
3,787
|
- Lease and other income
|
|
950
|
|
254
|
|
|
162
|
|
416
|
|
288
|
|
251
|
|
|
540
|
- Treasury income
|
|
495
|
|
(21
|
)
|
|
172
|
|
151
|
|
403
|
|
(79
|
)1
|
|
324
|
Less:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating expense
|
|
9,013
|
|
2,124
|
|
|
2,221
|
|
4,344
|
|
2,490
|
|
2,322
|
|
|
4,813
|
Operating profit
|
|
13,199
|
|
2,949
|
|
|
3,193
|
|
6,143
|
|
3,814
|
|
3,888
|
|
|
7,702
|
Less: Provisions
|
|
1,803
|
|
466
|
|
|
508
|
|
974
|
|
593
|
|
625
|
|
|
1,218
|
Profit before tax
|
|
11,396
|
|
2,483
|
|
|
2,685
|
|
5,169
|
|
3,221
|
|
3,263
|
|
|
6,484
|
Less: Tax
|
|
3,071
|
|
668
|
|
|
729
|
|
1,398
|
|
947
|
|
911
|
|
|
1,858
|
Profit after tax
|
|
8,325
|
|
1,815
|
|
|
1,956
|
|
3,771
|
|
2,274
|
|
2,352
|
|
|
4,626
|
1. The Bank has fully recognized the mark-to-market
provisions of Rs 279 crore (US$ 45 million) on its investment
portfolio, and has not availed the option permitted by RBI of
recognising the same over three quarters. During Q2-2014, the Bank
transferred SLR securities with face value of Rs 2,311 crore (US$
369 million) from AFS and HFT category to HTM category and has
recognised a loss of Rs 10 crore (US$ 2 million) resulting from
the said transfer on account of the movement of yields till July
15, 2013.
|
2. Prior period figures have been regrouped/re-arranged
where necessary.
|
|
Summary Balance Sheet
|
Rs crore
|
|
|
At
|
|
September 30, 2012
|
|
March 31, 2013
|
|
June 30, 2013
|
|
September 30, 2013
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
Capital and Liabilities
|
|
|
|
|
|
|
|
|
Capital
|
|
1,153
|
|
1,154
|
|
1,154
|
|
1,154
|
Employee stock options outstanding
|
|
3
|
|
4
|
|
5
|
|
6
|
Reserves and surplus
|
|
63,306
|
|
65,548
|
|
68,920
|
|
71,943
|
Deposits
|
|
281,438
|
|
292,614
|
|
291,185
|
|
309,046
|
Borrowings (includes subordinated debt)1
|
|
135,390
|
|
145,341
|
|
155,920
|
|
145,356
|
Other liabilities
|
|
29,904
|
|
32,134
|
|
31,375
|
|
36,003
|
Total Capital and Liabilities
|
|
511,194
|
|
536,795
|
|
548,559
|
|
563,508
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
Cash and balances with Reserve Bank of India
|
|
21,175
|
|
19,053
|
|
19,408
|
|
18,751
|
Balances with banks and money at call and short notice
|
|
21,247
|
|
22,365
|
|
13,279
|
|
14,830
|
Investments
|
|
157,914
|
|
171,394
|
|
174,625
|
|
168,829
|
Advances
|
|
275,076
|
|
290,249
|
|
301,370
|
|
317,786
|
Fixed assets
|
|
4,621
|
|
4,647
|
|
4,657
|
|
4,611
|
Other assets
|
|
31,161
|
|
29,087
|
|
35,220
|
|
38,701
|
Total Assets
|
|
511,194
|
|
536,795
|
|
548,559
|
|
563,508
|
1. Borrowings include preference share capital of Rs 350
crore.
|
2. Prior period figures have been regrouped/re-arranged
where necessary.
|
|
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 62.61
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
|
|
Six months ended
|
|
Year ended
|
|
|
September
30, 2013
|
|
June
30, 2013
|
|
September
30, 2012
|
|
September
30, 2013
|
|
September
30, 2012
|
|
March
31, 2013
|
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
1.
|
|
Interest earned (a)+(b)+(c)+(d)
|
|
|
|
|
|
|
|
10,813.27
|
|
|
10,420.68
|
|
|
10,026.33
|
|
|
21,233.95
|
|
|
19,571.98
|
|
|
40,075.60
|
|
|
|
a)
|
Interest/discount on advances/bills
|
|
|
|
|
7,736.87
|
|
|
7,195.64
|
|
|
6,848.79
|
|
|
14,932.51
|
|
|
13,304.62
|
|
|
27,341.11
|
|
|
|
b)
|
Income on investments
|
|
|
|
|
|
|
|
|
|
2,839.08
|
|
|
2,884.63
|
|
|
2,744.54
|
|
|
5,723.71
|
|
|
5,446.45
|
|
|
11,009.27
|
|
|
|
c)
|
Interest on balances with Reserve Bank of India and other
inter-bank funds
|
|
47.03
|
|
|
57.71
|
|
|
148.83
|
|
|
104.74
|
|
|
272.44
|
|
|
542.98
|
|
|
|
d)
|
Others
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
190.29
|
|
|
282.70
|
|
|
284.17
|
|
|
472.99
|
|
|
548.47
|
|
|
1,182.24
|
|
2.
|
|
Other income
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,166.48
|
|
|
2,484.29
|
|
|
2,042.97
|
|
|
4,650.77
|
|
|
3,922.89
|
|
|
8,345.70
|
|
3.
|
|
TOTAL INCOME (1)+(2)
|
|
|
|
|
|
|
|
|
|
|
12,979.75
|
|
|
12,904.97
|
|
|
12,069.30
|
|
|
25,884.72
|
|
|
23,494.87
|
|
|
48,421.30
|
|
4.
|
|
Interest expended
|
|
|
|
|
|
|
|
|
|
|
|
|
6,769.76
|
|
|
6,600.21
|
|
|
6,655.10
|
|
|
13,369.97
|
|
|
13,007.81
|
|
|
26,209.19
|
|
5.
|
|
Operating expenses (e)+(f)
|
|
|
|
|
|
|
|
|
|
2,322.11
|
|
|
2,490.60
|
|
|
2,220.90
|
|
|
4,812.71
|
|
|
4,344.43
|
|
|
9,012.88
|
|
|
|
e)
|
Employee cost
|
|
|
|
|
|
|
|
|
|
|
|
|
871.55
|
|
|
1,089.43
|
|
|
965.88
|
|
|
1,960.98
|
|
|
1,952.91
|
|
|
3,893.29
|
|
|
|
f)
|
Other operating expenses
|
|
|
|
|
|
|
|
|
1,450.56
|
|
|
1,401.17
|
|
|
1,255.02
|
|
|
2,851.73
|
|
|
2,391.52
|
|
|
5,119.59
|
|
6.
|
|
TOTAL EXPENDITURE (4)+(5)
(excluding provisions and contingencies)
|
|
|
|
|
|
|
|
|
9,091.87
|
|
|
9,090.81
|
|
|
8,876.00
|
|
|
18,182.68
|
|
|
17,352.24
|
|
|
35,222.07
|
|
7.
|
|
OPERATING PROFIT (3)–(6)
(Profit before provisions and contingencies)
|
|
|
|
|
|
|
|
|
|
3,887.88
|
|
|
3,814.16
|
|
|
3,193.30
|
|
|
7,702.04
|
|
|
6,142.63
|
|
|
13,199.23
|
|
8.
|
|
Provisions (other than tax) and contingencies
|
|
624.80
|
|
|
593.18
|
|
|
507.92
|
|
|
1,217.98
|
|
|
973.79
|
|
|
1,802.54
|
|
9.
|
|
Exceptional items
|
|
|
|
|
|
|
|
|
|
|
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
10.
|
|
PROFIT/(LOSS) FROM ORDINARY ACTIVITIES
BEFORE TAX (7)–(8)–(9)
|
|
3,263.08
|
|
|
3,220.98
|
|
|
2,685.38
|
|
|
6,484.06
|
|
|
5,168.84
|
|
|
11,396.69
|
|
11.
|
|
Tax expense (g)+(h)
|
|
|
|
|
|
|
|
|
|
|
|
911.03
|
|
|
946.77
|
|
|
729.27
|
|
|
1,857.80
|
|
|
1,397.68
|
|
|
3,071.22
|
|
|
|
g)
|
Current period tax
|
|
|
|
|
|
|
|
|
|
|
|
849.49
|
|
|
985.38
|
|
|
679.36
|
|
|
1,834.87
|
|
|
1,415.90
|
|
|
3,005.20
|
|
|
|
h)
|
Deferred tax adjustment
|
|
|
|
|
|
|
|
|
|
61.54
|
|
|
(38.61
|
)
|
|
49.91
|
|
|
22.93
|
|
|
(18.22
|
)
|
|
66.02
|
|
12.
|
|
NET PROFIT/(LOSS) FROM ORDINARY
ACTIVITIES AFTER TAX (10)–(11)
|
|
2,352.05
|
|
|
2,274.21
|
|
|
1,956.11
|
|
|
4,626.26
|
|
|
3,771.16
|
|
|
8,325.47
|
|
13.
|
|
Extraordinary items (net of tax expense)
|
|
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
14.
|
|
NET PROFIT/(LOSS) FOR THE PERIOD (12)–(13)
|
|
2,352.05
|
|
|
2,274.21
|
|
|
1,956.11
|
|
|
4,626.26
|
|
|
3,771.16
|
|
|
8,325.47
|
|
15.
|
|
Paid-up equity share capital (face value Rs 10/- each)
|
|
1,154.45
|
|
|
1,154.11
|
|
|
1,153.08
|
|
|
1,154.45
|
|
|
1,153.08
|
|
|
1,153.64
|
|
16.
|
|
Reserves excluding revaluation reserves
|
|
|
|
71,943.42
|
|
|
68,920.31
|
|
|
63,305.63
|
|
|
71,943.42
|
|
|
63,305.63
|
|
|
65,547.84
|
|
17.
|
|
Analytical ratios
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i)
|
Percentage of shares held by Government of India
|
|
0.03
|
|
|
0.01
|
|
|
0.01
|
|
|
0.03
|
|
|
0.01
|
|
|
0.01
|
|
|
|
ii)
|
Capital adequacy ratio
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
Basel II
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
17.63
|
%
|
|
18.35
|
%
|
|
18.28
|
%
|
|
17.63
|
%
|
|
18.28
|
%
|
|
18.74
|
%
|
|
|
|
b)
|
Basel III
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
16.50
|
%
|
|
17.04
|
%
|
|
NA
|
|
16.50
|
%
|
|
NA
|
|
NA
|
|
|
iii)
|
Earnings per share (EPS)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a)
|
Basic EPS before and after extraordinary items, net of tax
expense (not annualised for three months/six months) (in Rs)
|
|
20.38
|
|
|
19.71
|
|
|
16.97
|
|
|
40.09
|
|
|
32.71
|
|
|
72.20
|
|
|
|
|
b)
|
Diluted EPS before and after extraordinary items, net of tax
expense (not annualised for three months/six months) (in Rs)
|
|
20.33
|
|
|
19.61
|
|
|
16.91
|
|
|
39.94
|
|
|
32.62
|
|
|
71.93
|
|
18.
|
|
NPA Ratio1
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i)
|
Gross non-performing advances (net of write-off)
|
|
10,028.45
|
|
|
10,009.41
|
|
|
10,036.37
|
|
|
10,028.45
|
|
|
10,036.37
|
|
|
9,607.75
|
|
|
|
ii)
|
Net non-performing advances
|
|
|
|
|
|
|
2,697.63
|
|
|
2,462.76
|
|
|
2,134.07
|
|
|
2,697.63
|
|
|
2,134.07
|
|
|
2,230.56
|
|
|
|
iii)
|
% of gross non-performing advances (net of write-off) to
gross advances
|
|
3.08
|
%
|
|
3.23
|
%
|
|
3.54
|
%
|
|
3.08
|
%
|
|
3.54
|
%
|
|
3.22
|
%
|
|
|
iv)
|
% of net non-performing advances to net advances
|
|
0.85
|
%
|
|
0.82
|
%
|
|
0.78
|
%
|
|
0.85
|
%
|
|
0.78
|
%
|
|
0.77
|
%
|
19.
|
|
Return on assets (annualised)
|
|
|
|
|
|
|
|
|
1.72
|
%
|
|
1.75
|
%
|
|
1.59
|
%
|
|
1.73
|
%
|
|
1.58
|
%
|
|
1.70
|
%
|
20.
|
|
Public shareholding
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
i)
|
No. of shares
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,154,394,745
|
|
|
1,154,054,737
|
|
|
1,153,027,642
|
|
|
1,154,394,745
|
|
|
1,153,027,642
|
|
|
1,153,581,715
|
|
|
|
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 September 30, 2013, the percentage of gross non-performing
customer assets to gross customer assets was 2.67% and net
non-performing customer assets to net customer assets was 0.73%.
Customer assets include advances and credit substitutes.
|
|
|
|
SUMMARISED UNCONSOLIDATED BALANCE SHEET
|
(Rs in crore)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Particulars
|
|
September
30, 2013
|
|
June
30, 2013
|
|
March
31, 2013
|
|
September
30, 2012
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
Capital and Liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Capital
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,154.45
|
|
1,154.11
|
|
1,153.64
|
|
1,153.08
|
Employees stock options outstanding
|
|
|
|
5.53
|
|
5.00
|
|
4.48
|
|
3.43
|
Reserves and surplus
|
|
|
|
|
|
|
|
|
|
|
|
|
71,943.42
|
|
68,920.31
|
|
65,547.84
|
|
63,305.63
|
Deposits
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
309,046.15
|
|
291,185.04
|
|
292,613.63
|
|
281,438.20
|
Borrowings (includes preference shares and subordinated debt)
|
|
145,356.18
|
|
155,920.24
|
|
145,341.49
|
|
135,390.13
|
Other liabilities and provisions
|
|
|
|
|
|
|
|
36,002.11
|
|
31,374.26
|
|
32,133.60
|
|
29,903.98
|
Total Capital and Liabilities
|
|
|
|
|
|
|
|
|
|
563,507.84
|
|
548,558.96
|
|
536,794.68
|
|
511,194.45
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash and balances with Reserve Bank of India
|
|
|
18,750.51
|
|
19,407.83
|
|
19,052.73
|
|
21,175.08
|
Balances with banks and money at call and short notice
|
|
|
14,829.76
|
|
13,278.51
|
|
22,364.79
|
|
21,247.03
|
Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
168,828.64
|
|
174,625.12
|
|
171,393.60
|
|
157,913.96
|
Advances
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
317,786.23
|
|
301,370.30
|
|
290,249.43
|
|
275,075.63
|
Fixed assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
4,611.31
|
|
4,657.26
|
|
4,647.06
|
|
4,621.49
|
Other assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
38,701.39
|
|
35,219.94
|
|
29,087.07
|
|
31,161.26
|
Total Assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
563,507.84
|
|
548,558.96
|
|
536,794.68
|
|
511,194.45
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
CONSOLIDATED FINANCIAL RESULTS
|
(Rs in crore)
|
Sr. no.
|
Particulars
|
|
Three months ended
|
|
Six months ended
|
|
Year ended
|
|
September
30, 2013
|
|
June
30, 2013
|
|
September
30, 2012
|
|
September
30, 2013
|
|
September
30, 2012
|
|
March
31, 2013
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Unaudited)
|
|
(Audited)
|
1.
|
Total income
|
|
|
|
|
|
|
|
|
|
|
|
|
19,015.58
|
|
18,351.85
|
|
18,609.43
|
|
37,367.43
|
|
35,249.14
|
|
74,204.40
|
2.
|
Net profit
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2,697.42
|
|
2,747.39
|
|
2,390.37
|
|
5,444.81
|
|
4,466.95
|
|
9,603.61
|
3.
|
Earnings per share (EPS)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a) Basic EPS (not annualised for three months/six months) (in Rs)
|
|
23.37
|
|
23.81
|
|
20.73
|
|
47.18
|
|
38.75
|
|
83.29
|
|
b) Diluted EPS (not annualised for three months/six months) (in Rs)
|
|
23.27
|
|
23.64
|
|
20.63
|
|
46.91
|
|
38.58
|
|
82.84
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
UNCONSOLIDATED SEGMENTAL RESULTS
|
(Rs in crore)
|
Sr. no.
|
Particulars
|
|
Three months ended
|
|
Six months ended
|
|
Year ended
|
|
September
30, 2013
|
|
June
30, 2013
|
|
September
30, 2012
|
|
September
30, 2013
|
|
September
30, 2012
|
|
March
31, 2013
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
|
(Audited)
|
1.
|
Segment Revenue
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
a
|
Retail Banking
|
|
|
|
|
|
|
|
|
|
|
|
|
6,758.08
|
|
|
6,336.94
|
|
|
5,579.55
|
|
|
13,095.02
|
|
|
11,043.60
|
|
|
22,585.63
|
|
b
|
Wholesale Banking
|
|
|
|
|
|
|
|
|
|
8,111.21
|
|
|
7,701.56
|
|
|
7,988.92
|
|
|
15,812.77
|
|
|
15,237.49
|
|
|
31,368.76
|
|
c
|
Treasury
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9,156.86
|
|
|
9,420.03
|
|
|
8,917.37
|
|
|
18,576.89
|
|
|
17,426.43
|
|
|
35,586.28
|
|
d
|
Other Banking
|
|
|
|
|
|
|
|
|
|
|
|
|
126.08
|
|
|
164.45
|
|
|
71.78
|
|
|
290.53
|
|
|
153.84
|
|
|
623.84
|
|
|
Total segment revenue
|
|
|
|
|
|
|
|
24,152.23
|
|
|
23,622.98
|
|
|
22,557.62
|
|
|
47,775.21
|
|
|
43,861.36
|
|
|
90,164.51
|
|
|
Less: Inter segment revenue
|
|
|
|
|
11,172.48
|
|
|
10,718.01
|
|
|
10,488.32
|
|
|
21,890.49
|
|
|
20,366.49
|
|
|
41,743.21
|
|
|
Income from operations
|
|
|
|
|
|
|
|
12,979.75
|
|
|
12,904.97
|
|
|
12,069.30
|
|
|
25,884.72
|
|
|
23,494.87
|
|
|
48,421.30
|
|
2.
|
Segmental Results (i.e. Profit before tax)
|
|
|
|
|
|
|
|
|
|
|
|
|
a
|
Retail Banking
|
|
|
|
|
|
|
|
|
|
|
|
|
623.22
|
|
|
323.12
|
|
|
299.53
|
|
|
946.34
|
|
|
442.37
|
|
|
954.55
|
|
b
|
Wholesale Banking
|
|
|
|
|
|
|
|
|
|
1,747.18
|
|
|
1,490.59
|
|
|
1,487.62
|
|
|
3,237.77
|
|
|
3,075.62
|
|
|
6,618.86
|
|
c
|
Treasury
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
842.99
|
|
|
1,296.58
|
|
|
828.16
|
|
|
2,139.57
|
|
|
1,627.33
|
|
|
3,653.92
|
|
d
|
Other Banking
|
|
|
|
|
|
|
|
|
|
|
|
|
49.69
|
|
|
110.69
|
|
|
70.07
|
|
|
160.38
|
|
|
23.52
|
|
|
169.36
|
|
|
Total segment results
|
|
|
|
|
|
|
|
|
3,263.08
|
|
|
3,220.98
|
|
|
2,685.38
|
|
|
6,484.06
|
|
|
5,168.84
|
|
|
11,396.69
|
|
|
Unallocated expenses
|
|
|
|
|
|
|
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
..
|
|
Profit before tax
|
|
|
|
|
|
|
|
|
|
|
|
3,263.08
|
|
|
3,220.98
|
|
|
2,685.38
|
|
|
6,484.06
|
|
|
5,168.84
|
|
|
11,396.69
|
|
3.
|
Capital employed (i.e. Segment assets – Segment liabilities)
|
|
|
|
|
|
|
|
|
|
a
|
Retail Banking
|
|
|
|
|
|
|
|
|
|
|
|
|
(137,299.41
|
)
|
|
(130,374.72
|
)
|
|
(120,961.40
|
)
|
|
(137,299.41
|
)
|
|
(120,961.40
|
)
|
|
(131,343.72
|
)
|
b
|
Wholesale Banking
|
|
|
|
|
|
|
|
|
|
130,360.65
|
|
|
128,817.69
|
|
|
115,358.26
|
|
|
130,360.65
|
|
|
115,358.26
|
|
|
119,763.46
|
|
c
|
Treasury
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
71,115.31
|
|
|
63,289.56
|
|
|
63,115.73
|
|
|
71,115.31
|
|
|
63,115.73
|
|
|
69,818.44
|
|
d
|
Other Banking
|
|
|
|
|
|
|
|
|
|
|
|
|
2,749.47
|
|
|
2,429.60
|
|
|
1,146.39
|
|
|
2,749.47
|
|
|
1,146.39
|
|
|
2,378.63
|
|
e
|
Unallocated
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6,177.38
|
|
|
5,917.29
|
|
|
5,803.16
|
|
|
6,177.38
|
|
|
5,803.16
|
|
|
6,089.15
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
73,103.40
|
|
|
70,079.42
|
|
|
64,462.14
|
|
|
73,103.40
|
|
|
64,462.14
|
|
|
66,705.96
|
|
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 of the Bank.
|
|
|
|
Notes:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.
|
|
The above financial results have been approved by the Board of
Directors at its meeting held on October 25, 2013.
|
2.
|
|
The financial statements have been prepared in accordance with
Accounting Standard (AS) 25 on 'Interim Financial Reporting'.
|
3.
|
|
In accordance with RBI guidelines, banks are required to disclose
capital adequacy ratio computed under Basel III capital regulations
from the quarter ended June 30, 2013. Accordingly, corresponding
details for previous periods are not applicable.
|
4.
|
|
Pillar 3 (Market Discipline) disclosures (unaudited) as per RBI
guidelines on Composition of Capital Disclosure Requirements at
September 30, 2013 for the Group are available at http://www.icicibank.com/aboutus/invest-disclosure.html.
|
5.
|
|
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 21,619.29 crore, Rs 16,384.26
crore and Rs 11,323.96 crore has been included in Other assets and
gross negative MTM amounting to Rs 19,162.35 crore, Rs 14,349.80
crore and Rs 10,826.32 crore has been included in Other
liabilities at September 30, 2013, June 30, 2013 and March 31,
2013 respectively. Consequent to the change, Other assets and
Other liabilities have increased by Rs 14,139.33 crore at
September 30, 2012.
|
6.
|
|
Reserve Bank of India (RBI) has issued guidelines on August 23,
2013 giving the banks an option to distribute the net depreciation
on the ‘Available for Sale’ (AFS) and ‘Held for Trading’ (HFT)
portfolios during FY2014 in equal installments. For the three
months ended September 30, 2013, the net depreciation on these
portfolio of the Bank amounted to Rs 278.84 crore. The Bank has
not opted to exercise this option and the entire depreciation for
the three months ended September 30, 2013 has been charged to the
profit and loss account.
Further, RBI has as a one time measure permitted the banks to
transfer Statutory Liquidity Ratio (SLR) securities from AFS/HFT
category to 'Held to Maturity' (HTM) category. Accordingly, during
the three months ended September 30, 2013, the Bank has
transferred SLR securities of Rs 2,328.54 crore from AFS/HFT
category to HTM category. The Bank has booked a loss of Rs 10.24
crore on the transfer of such securities.
|
7.
|
|
During the three months ended September 30, 2013, the Bank has
allotted 340,008 equity shares of Rs 10/- each pursuant to
exercise of employee stock options.
|
8.
|
|
Status of equity investors' complaints/grievances for the three
months ended September 30, 2013:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Opening balance
|
|
Additions
|
|
Disposals
|
|
Closing balance
|
|
|
|
|
|
|
|
0
|
|
37
|
|
37
|
|
0
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
9.
|
|
Previous period/year figures have been re-grouped/re-classified
where necessary to conform to current period classification.
|
10.
|
|
The above unconsolidated financial results are audited by the
statutory auditors, S.R. Batliboi & Co. LLP, Chartered Accountants.
|
11.
|
|
Rs 1 crore = Rs 10 million.
|
|
|
|
|
|
|
|
Copyright Business Wire 2013