About the company:
ICICI Bank Limited is one of India’s leading private sector banks, headquartered in Mumbai. Established in 1994, it offers a wide range of banking and financial services, including retail banking, corporate banking, investment banking, wealth management, and insurance. The bank operates in India and internationally, with subsidiaries in the UK, Canada, and other countries. Known for its strong digital banking initiatives, ICICI Bank is a pioneer in technology-driven banking solutions. It is listed on both the NSE and BSE in India, as well as the NYSE in the US.
Key Strategic Focus
Strengthening digital banking platforms (e.g., DigiEase for business banking, iLens for retail loans)
Continued investments in technology, people, and distribution networks
Emphasis on risk-calibrated profitable growth
Maintaining strong liquidity (LCR: 123%) and capital adequacy (CET-1: 15.93%)
Subsidiaries Performance
ICICI Life Insurance: APE grew 27% YoY, VNB margin at 22.8%
ICICI General Insurance: PAT at ₹7.24 billion (up from ₹4.31 billion YoY)
ICICI Securities: PAT grew to ₹5.04 billion
ICICI Bank Canada & UK: Both remained profitable
Management Outlook
Focus on holistic customer engagement and market share expansion
Strong governance and operational resilience for sustainable long-term growth
Commitment to delivering consistent returns to shareholders
Here’s a summary of ICICI Bank’s financial performance for the last three quarters (Q3, Q2, and Q1 of FY25):
| Financial Metrics | Q3 FY25 (Dec 2024) | Q2 FY25 (Sep 2024) | Q1 FY25 (Jun 2024) |
|---|---|---|---|
| Net Interest Income (₹ bn) | 203.71 | 201.85 | 196.08 |
| Net Interest Margin (NIM) | 4.25% | 4.27% | 4.31% |
| Core Operating Profit (₹ bn) | 165.16 | 160.50 | 153.40 |
| Profit Before Tax (₹ bn) | 152.89 | 148.17 | 141.23 |
| Net Profit (₹ bn) | 117.92 | 114.74 | 108.91 |
| Loan Growth (YoY) | 15.1% | 16.4% | 17.8% |
| Deposit Growth (YoY) | 14.1% | 14.6% | 15.2% |
| Net NPA Ratio | 0.42% | 0.42% | 0.43% |
| Provision Coverage Ratio | 78.2% | 77.8% | 77.5% |
| Capital Adequacy Ratio | 16.60% | 16.48% | 16.35% |
Recent updates:
Highlights from last con call:
Financial Performance
Profit Before Tax (Excl. Treasury): Grew 12.8% YoY to ₹152.89 billion
Core Operating Profit: Increased 13.1% YoY to ₹165.16 billion
Net Profit: Rose 14.8% YoY to ₹117.92 billion
Net Interest Income: Grew 9.1% YoY to ₹203.71 billion, with Net Interest Margin (NIM) at 4.25%
Balance Sheet Highlights
Total Deposits: Increased 14.1% YoY
Loan Growth:
Domestic loan portfolio: Up 15.1% YoY
Retail loans: Grew 10.5% YoY
Business banking: Expanded 31.9% YoY
Corporate loans: Increased 13.2% YoY
Asset Quality
Net NPA Ratio: Stable at 0.42%
Provision Coverage Ratio: 78.2%
Total Provisions: ₹12.27 billion (0.37% of advances)
Contingency Provisions: ₹131.00 billion (1% of loans)