Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q3 2020 Earnings Presentation
75 slides from Icici Bank's earnings presentation, Jan 25, 2020
Slide 1: Exchange cover letter for earnings call
/CIC/Bank January 25, 2020 BSE Limited National Stock Exchange of India Limited Listing Department Listing Department Phiroze Jeejeebhoy Towers Exchange Plaza, 5th floor Dalal Street Plot No. C/ 1, G Block Mumbai 400 001 Bandra-Kurla Compl ex Sandra (East) Mumbai 400 051 Dear Sir, Sub: Earnings call
Slide 2: Q3-2020: Performance review
Q3-2020: Performance review January 25, 2020
Slide 3: Forward-looking statements
Certain statements in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securities laws including the US Private Securities Litigat
Slide 4: Key highlights for Q3-2020
Key highlights for Q3-2020 Profitability Healthy loan growth Stable funding profile • 23.8% y-o-y growth in core • Domestic loan growth was • 14.6% y-o-y growth in operating profit 16.5% y-o-y average CASA deposits in • NII grew by 24.3% y-o-y • Retail loan growth was Q3-2020 19.3% y-o-y • 23.6% y-o
Slide 5: P&L trends: Q3-2020
P&L trends: Q3-2020 Net interest margin (NIM) Fee income NIM was 3.77% in Q3-2020 17.4% y-o-y growth to ` 35.96 billion; retail fee growth of 25.5% y-o-y Operating expenses Core operating profit to average assets Growth of 20.8% y-o-y to ` 55.71 billon 2.84% in Q3-2020 (Q2-2020: 2.71%, Q3-2019: 2.58
Slide 6: Strong operating performance
Strong operating performance 5
Slide 7: Profit & loss statement
Profit & loss statement FY Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 (` billion) 2019 2019 2019 2020 2020 2020 growth Net interest income1 270.15 68.75 193.95 80.57 85.45 243.40 24.3% Non-interest income 131.46 34.04 96.81 38.54 40.43 111.43 18.8% - Fee income 119.89 30.62 88.11 34.78 35.96 101.12 17.4% - Dividen
Slide 8: Profit & loss statement
Profit & loss statement (` billion) FY Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 2019 2019 2019 2020 2020 2020 growth Core operating profit 220.72 56.67 159.95 65.33 70.17 196.60 23.8% 1 1 Treasury income 13.66 4.79 12.10 3.41 5.31 10.51 10.9% Operating profit 234.38 61.46 172.05 68.74 75.48 207.11 22.8% Provisio
Slide 9: Key ratios
Key ratios Percent FY2019 Q3-2019 9M-2019 Q2-2020 Q3-2020 9M-2020 Net interest margin1,3 3.42 3.40 3.31 3.64 3.77 3.68 Cost to income 44.82 42.9 44.82 43.9 42.5 43.3 Provisions/core operating profit 89.1 74.9 88.8 38.4 29.7 41.1 Provisions/average advances3 3.67 3.05 3.59 1.67 1.34 1.79 Core operati
Slide 10: Balance sheet growth
Balance sheet growth 9
Slide 11: Funding profile
Funding profile (` billion) Dec 31, Mar 31, Sep 30, Dec 31, Y-o-Y % share at 2018 2019 2019 2019 growth Dec 31, 2019 CASA 2,993.74 3,239.40 3,250.00 3,364.09 12.4% 47.0% - Current 885.81 962.69 944.31 1,009.89 14.0% 14.1% - Savings 2,107.93 2,276.71 2,305.69 2,354.20 11.7% 32.9% Term 3,073.81 3,289.
Slide 12: Loan portfolio
Loan portfolio (` billion) Dec 31, Mar 31, Sep 30, Dec 31, Y-o-Y % share at 2018 2019 2019 2019 growth Dec 31, 2019 Advances 5,643.08 5,866.47 6,133.59 6,356.54 12.6% 100.0% - Domestic book 4,971.44 5,236.14 5,533.24 5,790.67 16.5% 91.1% - Retail 3,332.08 3,528.31 3,809.66 3,976.46 19.3% 62.6% - SME
Slide 13: Retail portfolio
Retail portfolio (` billion) Dec 31, Mar 31, Sep 30, Dec 31, Y-o-Y % share at 2018 2019 2019 2019 growth Dec 31, 2019 Home loans 1,711.19 1,782.36 1,907.76 1,963.71 14.8% 49.4% Vehicle loans 531.45 556.66 569.12 584.06 9.9% 14.7% - Auto finance 309.11 314.36 315.17 323.84 4.8% 8.1% - Commercial busi
Slide 14: Digital transactions
Digital transactions Mobile banking UPI 118% y-o-y 168% y-o-y Electronic toll collection • Market leader with 51% acquiring and 57% issuing market share by value in 9M-2020 • The Bank has issued over 2.7 million tags till Dec 31, 2019 • Over 87% of savings account transactions1 in 9M-2020 through di
Slide 15: Digital sourcing of various products in 9M-2020
Digital sourcing of various products in 9M-2020 Term life insurance policies Personal loans 27% protection Fixed deposits 58% sourced via policies sold online 56% sourced via digital channels1 digital channels ₹ Credit cards SIPs initiated 43% sourced via 19% initiated via digital channels1 digital
Slide 16: InstaBIZ
InstaBIZ Contribution to CMS, Average daily trade and OD activations attachments 60% 32% No. of transactions1 42% 1. Q3-2020 over Q1-2020 2. Non-ICICI Bank account holders can register digitally and instantly open CA digitally, get instant unsecured OD, collect payments and access business networkin
Slide 17: Recent initiatives
Recent initiatives Integrates multiple partners Largest range of 250 APIs Businesses, fintechs, Across financial corporates and e- and non-financial commerce start-ups categories One-stop for integrating APIs Convenient access to APIs Industry first portal for Makes API banking designing, testing an
Slide 18: Asset quality trends
Asset quality trends 17
Slide 19: NPA trends
NPA trends (` billion) Dec 31, 2018 Sep 30, 2019 Dec 31, 2019 Gross NPAs1 515.91 456.39 434.54 Less: cumulative provisions1 353.39 347.23 330.65 Net NPAs1 162.52 109.16 103.89 Gross NPA ratio1 7.75% 6.37% 5.95% Net NPA ratio1 2.58% 1.60% 1.49% Provision coverage ratio2 68.4% 76.1% 76.2% Provision co
Slide 20: NPA addition trends
NPA addition trends NPA movement1 (` billion) FY2019 Q3-2019 Q2-2020 Q3-2020 Opening gross NPA 540.63 544.89 457.63 456.39 Add: gross additions 110.39 20.91 24.82 43.63 - Retail 35.96 10.71 13.23 18.90 - Corporate and SME 74.43 10.20 11.59 24.73 Less: recoveries, upgrades & others 47.16 19.162 12.63
Slide 21: Corporate and SME: NPA additions
Corporate and SME: NPA additions1 ` billion Q3-2020 - Corporate and SME 24.73 - Increase in outstanding on existing NPAs 0.802 - BB and below portfolio 7.07 of which: Devolvement of non-fund based o/s to existing NPAs 2.25 Other BB and below 4.82 - Others 16.863 1. Based on customer assets 2. Impact
Slide 22: Corporate and SME: BB and below
Corporate and SME: BB and below ` billion Mar 31, Jun 30, Sep 30, Dec 31, 2019 2019 2019 2019 BB and below outstanding1,2,3 175.25 153.55 160.74 174.03 - Fund and non-fund o/s to restructured loans 5.64 2.42 2.24 1.96 - Non-fund o/s to non-performing loans4 42.20 36.27 33.71 39.195 - Borrowers under
Slide 23: Movement in Corporate and SME BB and below in Q3-2020
Movement in Corporate and SME BB and below in Q3-2020 (` billion) 5,6 1,2,3,4 5 1,2,3,4 1. Fund-based and non-fund based outstanding 2. Excludes banks 3. Excludes investments 4. Excludes fund-based outstanding to NPAs 5. Excludes fund-based outstanding to accounts downgraded from investment grade du
Slide 24: Movement in Corporate and SME BB and below in 9M-2020
Movement in Corporate and SME BB and below in 9M-2020 (` billion) 1,2,3,4 5,6 1,2,3,4 5 1. Fund-based and non-fund based outstanding 2. Excludes banks 3. Excludes investments 4. Excludes fund-based outstanding to NPAs 5. Excludes fund-based outstanding to accounts downgraded from investment grade du
Slide 25: Exposure to power sector
Exposure to power sector (` billion) Sep 30, Dec 31, Share at Dec 2019 2019 31, 2019 (%) Borrowers classified as NPA or part of BB and 110.36 92.17 28.6% below portfolio1 Other borrowers 223.70 229.88 71.4% Total 334.06 322.05 100.0% • Of the other borrowers aggregating ` 229.88 billion, excluding e
Slide 26: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Outstanding (` billion) Sep 30, 2019 Dec 31, 2019 NBFCs1 265.78 268.24 HFCs1 141.31 139.83 Builder portfolio (construction finance, lease rental 225.15 230.99 discounting, term loans and working capital loans) 1. Includes loans, investment and non-fund based outstan
Slide 27: Improving rating profile of overall loan book
Improving rating profile of overall loan book Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, Rating category1,2 2016 2017 2018 2019 2019 2019 AA- and above 30.6% 37.2% 42.4% 45.1% 44.9% 41.7% A+, A, A- 21.3% 19.0% 20.1% 22.0% 21.4% 28.1% A- and above 51.9% 56.2% 62.5% 67.1% 66.3% 69.8% BBB+, BBB, B
Slide 28: Reduction in concentration risk
Reduction in concentration risk Details Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, 2016 2017 2018 2019 2019 2019 Exposure to top 20 13.3% 12.4% 12.5% 10.8% 11.1% 11.0% borrowers1 as a % of total exposure Exposure to top 10 groups 18.5% 16.8% 14.3% 13.6% 13.3% 12.5% as a % of total exposure • Ha
Slide 29: Capital
Capital 28
Slide 30: Strong capital position
Strong capital position Sep 30, 20191 Dec 31, 20192 (` billion) % (` billion) % Total capital 1,172.53 16.14% 1,215.70 16.50% - Tier I 1,061.80 14.62% 1,103.86 14.98% - of which: CET1 961.82 13.24% 1,003.66 13.62% - Tier II 110.73 1.52% 111.84 1.52% Risk weighted assets 7,263.56 7,369.73 - On balanc
Slide 31: Subsidiaries
Subsidiaries 30
Slide 32: Profit after tax of subsidiaries
Profit after tax of subsidiaries Profit after tax (` billion) FY2019 Q3-2019 Q2-2020 Q3-2020 ICICI Prudential Life Insurance 11.41 2.97 3.02 3.02 ICICI Lombard General Insurance 10.49 2.39 3.08 2.94 ICICI Prudential Asset Management1 6.83 1.96 3.05 3.05 ICICI Securities (Consolidated)1 4.91 1.01 1.3
Slide 33: Insurance subsidiaries
Insurance subsidiaries ICICI Prudential Life Insurance • VNB1 grew by 24.7% y-o-y to ` 11.35 billion in 9M-2020; VNB margins increased from 17.0% in FY2019 to 21.0% in 9M-2020 • Protection annualised premium equivalent (APE) grew by 65.7% y-o-y to ` 7.64 billion in 9M-2020 and is 14.1% of APE in 9M-
Slide 34: Environmental and social initiatives
Environmental and social initiatives 33
Slide 35: Environmental and social initiatives (1/2)
Environmental and social initiatives (1/2) Creating a positive impact while building sustainable business and Focus ensuring value creation for all stakeholders • Sound risk management practices underlying the business strategy of growing core operating profits • Supporting environment-friendly proj
Slide 36: Environmental and social initiatives (2/2)
Environmental and social initiatives (2/2) Environment Social • Commissioned a 1MWp solar power • Empowering women entrepreneurs; plant at our Disaster Recovery Data credit provided to 6.7 million women Centre through 519,000 SHGs till Dec 31, 2019 • Plant to generate 1.6 million kWh of power • Skil
Slide 37: Thank you
ICICI Bank Thank you
Slide 38: Additional financial information
Additional financial information 37
Slide 39: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2019 Q3-2019 9M-2019 Q2-2020 Q3-2020 9M-2020 margins (Percent)1 Yield on total interest-earning 8.03 8.06 7.87 8.39 8.40 8.40 assets - Yield on advances 8.96 9.00 8.84 9.52 9.52 9.47 Cost of funds 5.10 5.14 5.04 5.19 5.06 5.16 - Cost of deposits 4.
Slide 40: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2019 Q3-2019 9M-2019 Q2-2020 Q3-2020 9M-2020 (` billion) Retail 82.23 19.53 61.20 25.69 25.58 70.94 Wholesale (102.42) (20.92) (74.52) 5.13 12.30 12.39 Treasury 51.65 19.94 41.79 11.39 15.66 37.81 Others 6.31 0.47 1.48 1.46 1.11 5.11 Total 37.77 19
Slide 41: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2019 Q3-2019 9M-2019 Q2-2020 Q3-2020 9M-2020 Q3-o-Q3 growth Net interest income 328.04 83.70 236.53 97.72 103.26 294.54 23.4% Non-interest income 593.25 149.17 420.44 163.19 167.48 465.70 12.3% - Fee income 143.63 36.39 106.67 40.95 42.01 119.93 15.
Slide 42: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2019 Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 2019 2019 2020 2020 2020 growth Operating profit 278.70 72.60 204.50 83.64 88.97 250.27 22.5% Provisions 204.62 43.81 147.22 27.26 21.32 84.16 (51.3)% Profit before tax 74.08 28.79 57.28 56.38 67.65 166.11 - Tax 17.1
Slide 43: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2019 Q3-2019 9M-2019 Q2-2020 Q3-2020 9M-2020 Weighted average EPS1 6.6 11.6 6.4 7.0 28.7 17.1 Book value (`) 177 175 175 181 189 189 1. Annualised for all interim periods 42
Slide 44: Balance sheet: liabilities
Balance sheet: liabilities (` billion) Dec 31, 2018 Mar 31, 2019 Sep 30, 2019 Dec 31, 2019 Net worth 1,071.67 1,083.68 1,106.10 1,150.01 - Equity capital 12.88 12.89 12.92 12.94 - Reserves 1,058.79 1,070.79 1,093.18 1,137.07 Deposits 6,067.55 6,529.20 6,962.73 7,163.45 - Savings 2,107.93 2,276.71 2,
Slide 45: Composition of borrowings
Composition of borrowings (` billion) Dec 31, Mar 31, Sep 30, Dec 31, 2018 2019 2019 2019 Domestic 860.85 905.42 860.19 754.66 - Capital instruments 282.40 270.25 245.33 232.35 - Other borrowings 578.45 635.17 614.86 522.32 - Long term infrastructure bonds 194.97 194.97 194.97 194.97 Overseas borrow
Slide 46: Balance sheet: assets
Balance sheet: assets (` billion) Dec 31, Mar 31, Sep 30, Dec 31, 2018 2019 2019 2019 Cash & bank balances 664.59 802.96 716.39 704.37 Investments 1,977.30 2,077.33 2,233.76 2,274.80 - SLR investments 1,432.06 1,479.10 1,661.44 1,680.50 - Equity investment in subsidiaries 98.03 98.03 98.03 98.03 Adv
Slide 47: Equity investment in subsidiaries
Equity investment in subsidiaries (` billion) Dec 31, Mar 31, Sep 30, Dec 31, 2018 2019 2019 2019 ICICI Prudential Life Insurance 32.97 32.97 32.97 32.97 ICICI Bank Canada 18.74 18.74 18.74 18.74 ICICI Bank UK 18.05 18.05 18.05 18.05 ICICI Lombard General Insurance 13.49 13.49 13.49 13.49 ICICI Home
Slide 48: Consolidated balance sheet
Consolidated balance sheet (` billion) Dec 31, 2018 Mar 31, 2019 Sep 30, 2019 Dec 31, 2019 Cash & bank balances 728.21 873.91 798.02 793.96 Investments 3,780.49 3,982.01 4,281.14 4,352.63 Advances 6,250.25 6,469.62 6,754.52 7,004.74 Fixed & other assets 1,016.03 1,062.40 1,047.22 897.78 Total assets
Slide 49: Retail NPAs
Retail NPAs Retail NPAs (` billion) Dec 31, 2018 Sep 30, 2019 Dec 31, 2019 Gross retail NPAs 59.01 75.39 85.99 - as a % of gross retail advances 1.75% 1.96% 2.14% Net retail NPAs 25.28 32.17 37.89 - as a % of net retail advances 0.76% 0.84% 0.95% 48
Slide 50: Portfolio composition
Portfolio composition Dec 31, Mar 31, Sep 30, Dec 31, 2018 2019 2019 2019 Domestic 81.6% 83.0% 84.2% 85.0% International 18.4% 17.0% 15.8% 15.0% Total consolidated advances 6,250 6,470 6,755 7,005 (` billion) 49
Slide 51: Sector-wise exposures
Sector-wise exposures Top 10 sectors1: % of total Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, exposure of the Bank 2016 2017 2018 2019 2019 2019 Retail finance 27.1% 31.9% 34.2% 37.3% 39.4% 40.2% Services – finance 4.9% 6.2% 7.0% 7.3% 7.0% 7.5% Banks 8.0% 6.0% 8.4% 7.9% 7.5% 7.0% Electronics & e
Slide 52: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Sep 30, Dec 31, 20191 20192 Total capital 15.81% 16.12% - Tier I 14.30% 14.64% - of which: CET 1 13.07% 13.43% - Tier II 1.51% 1.48% 1. As per Basel III guidelines, includes profit for H1-2020 51 2. As per Basel III guidelines, includes profit for 9M-2020
Slide 53: Extensive franchise
Extensive franchise Branches At Mar At Mar At Mar At Sep At Dec % share at 31, 2017 31, 2018 31, 2019 30, 2019 31, 2019 Dec 31, 2019 Metro 1,440 1,443 1,438 1,563 1,580 30% Urban 990 991 991 1,064 1,068 20% Semi urban 1,444 1,449 1,453 1,527 1,543 29% Rural 976 984 992 1,074 1,084 21% Total branches
Slide 54: Insurance subsidiaries
Insurance subsidiaries ICICI Life (` billion) FY2019 Q3-2019 Q2-2020 Q3-2020 Annualised premium equivalent 77.99 19.62 18.99 20.38 - Of which: protection 7.22 1.95 2.83 2.67 Total premium 309.30 75.66 81.91 82.64 Assets under management 1,604.10 1,499.81 1,655.12 1,719.53 Expense ratio1 15.0% 14.2%
Slide 55: ICICI Bank UK
ICICI Bank UK (USD million) FY2019 Q3-2019 Q2-2020 Q3-2020 Net interest income 70.5 17.2 15.3 16.0 Loans and advances 2,442.5 2,390.0 2,319.2 2,463.5 Deposits 2,140.8 1,894.2 2,022.7 2,144.9 - Retail term deposits 677.1 608.8 593.0 645.3 Capital adequacy ratio 16.8% 17.1% 17.9% 17.7% - Tier I 12.9%
Slide 56: ICICI Bank UK: asset and liability profile
ICICI Bank UK1 Asset profile Liability profile Total assets: USD 3.92 bn Total liabilities: USD 3.92 bn 1. At Dec 31, 2019 2. Includes cash & advances to banks and T Bills 3. Includes securities re-classified to loans & advances 55
Slide 57: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2019 Q3-2019 Q2-2020 Q3-2020 Net interest income 91.4 24.0 24.9 27.5 Loans and advances 5,771.6 6,015.6 5,664.4 5,673.6 - Residential mortgages 3,546.6 3,487.4 3,566.4 3,631.5 Deposits 3,195.0 3,191.4 3,036.6 2,993.7 Capital adequacy ratio 17.1% 16.6% 18.9% 19.6% -
Slide 58: ICICI Bank Canada: asset and liability profile
ICICI Bank Canada1 Asset profile Liability profile Total assets: CAD 6.45 bn Total liabilities: CAD 6.45 bn 1. At Dec 31, 2019 2. Includes cash & placements with banks and government securities 3. Insured mortgages include CAD 2,635.0 million at Dec 31, 2019 (Sep 30, 2019: CAD 2,617.9) of securitise
Slide 59: ICICI Home Finance
ICICI Home Finance1 (` billion) Sep 30, 2019 Dec 31, 2019 Loans and advances 151.36 154.13 Gross impaired loans (stage 3)2 8.12 8.28 Net impaired loans (stage 3) 4.65 4.76 Capital adequacy ratio3 15.02% 14.43% 1. As per Ind AS 2. Includes commercial real estate loans of ` 4.73 billion at Dec 31, 201
Slide 60: Analyst call on January 25, 2020: opening remarks
Analyst call on January 25, 2020: opening remarks Certain statements in this release relating to a future period of time (including inter alia concerning our future business plans or growth prospects) are forward-looking statements intended to qualify for the 'safe harbor' under applicable securitie
Slide 61: Mr. Bakhshi's opening remarks
Mr. Bakhshi’s opening remarks Good afternoon to all of you and welcome to the ICICI Bank Earnings Call to discuss the Q3-2020 results. Joining us today on this call are Vishakha, Anup, Sandeep Batra, Rakesh and Anindya. Our core operating profit increased by 23.8% year-on-year to 70.17 billion Rupee
Slide 62: Opening remarks: asset quality
solutions in a frictionless manner, with the convenience of a single portal. Coming to asset quality, gross NPA additions were 43.63 billion Rupees this quarter. As you are aware, during the quarter there were certain developments with respect to a broking company. Our exposure to the company has be
Slide 63: Opening remarks: credit cost guidance FY2020
cost guidance for FY2020 assumed a couple of large recoveries, including the steel account which was under insolvency proceedings. While the steel account under IBC has been resolved, recoveries from other accounts have not materialised in line with expectations. Further there was some impact on cre
Slide 64: Opening remarks: capital and focus
requirements depending on the market conditions, growth opportunities and regulatory developments. As we have mentioned in the past, our focus is on growing the core operating profit in a risk calibrated manner and delivering consistent and predictable return to shareholders. With these opening rema
Slide 65: Mr. Jha's remarks: P&L details
Mr. Jha’s remarks Thank you, Sandeep. I will talk about the P&L details, our performance on growth, credit quality, performance of subsidiaries and capital during Q3 of 2020. A. P&L Details Net interest income increased by 24.3% year-on-year to 85.45 billion Rupees, driven by both loan growth and an
Slide 66: Remarks: fees, treasury and costs
year-on-year and constituted about 76.5% of overall fees in the current quarter. Treasury recorded a profit of 5.31 billion Rupees this quarter compared to 4.79 billion Rupees in Q3 of 2019. Treasury gains this quarter were higher compared to the last few quarters. Dividend income from subsidiar
Slide 67: Remarks: provisions and profit
Provisions declined by 50.9% year-on-year to 20.83 billion Rupees in Q3 of 2020 compared to 42.44 billion Rupees in Q3 of 2019 and 25.07 billion Rupees in Q2 of 2020. This reflects the impact of full provision on the broking company exposure and provision on the industrial company that Sandeep menti
Slide 68: Remarks: SME and corporate growth
The SME business comprising of borrowers having a turnover of less than 2.5 billion Rupees grew by 34% year-on-year to 217.44 billion Rupees as of December 31, 2019. The relatively high growth in business banking and SME reflects the low base and market share. Our focus in these segments is on param
Slide 69: Remarks: funding and credit quality
Coming to the funding side: Average savings account deposits increased by 11.8% year-on-year and average current account deposits increased by 23.6% year-on-year during the quarter. Total deposits grew by 18.1% year-on-year to 7.2 trillion Rupees at December 31, 2019. C. Credit Quality Gross NPA add
Slide 70: Remarks: retail NPAs and recoveries
portfolio in the first and third quarter of a fiscal year. After considering recoveries and upgrades of 7.79 billion Rupees, there were net NPA additions of 11.11 billion Rupees in the retail portfolio, compared to 10.02 billion Rupees in the first quarter of this fiscal. The KCC portfolio was about
Slide 71: Remarks: BB and below portfolio
security receipts related to the steel account which was resolved during Q3 of 2020. The loans and non-fund based outstanding to borrowers rated BB and below (excluding NPAs) were 174.03 billion Rupees at December 31, 2019 compared to 175.25 billion Rupees at March 31, 2019 and 160.74 billion Rupees
Slide 72: Remarks: rating downgrades and upgrades
On slide 22 and 23 of the presentation, we have provided the movement in our BB and below portfolio during Q3 of 2020 and 9M of 2020. The rating downgrades from investment grade categories (excluding fund-based outstanding to accounts that were also downgraded to NPA in the same period) were 26.66
Slide 73: Remarks: builder portfolio and subsidiaries
billion Rupees at December 31, 2019 compared to 225.15 billion Rupees at September 30, 2019. Our builder portfolio is about 4% of our total loan portfolio. The loans to NBFCs and HFCs were about 5% of our total outstanding loans at December 31, 2019 and the details are given on slide 25 of the inves
Slide 74: Remarks: subsidiary performance
on account of long-term motor policies and losses from catastrophic events in the previous quarters. The return on average equity on an annualised basis was 21.8% in 9M of 2020. The profit after tax of ICICI AMC increased from 1.96 billion Rupees in Q3 of last year to 3.05 billion Rupees in the curr
Slide 75: Remarks: capital and closing
The consolidated profit after tax was 46.70 billion Rupees in Q3 of 2020 compared to 11.31 billion Rupees in Q2 of 2020 and 18.74 billion Rupees in Q3 of 2019. E. Capital As per Basel III norms, including profits for the nine months ended December 31, 2019, the Bank on a standalone basis had a CET-1