Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q1 FY2024 Earnings Presentation
74 slides from Icici Bank's earnings presentation, Jul 22, 2023
Slide 1: Cover letter to stock exchanges: Investor Presentation
July 22, 2023 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 Complex Bandra(East Mumbai 400 051 Dear Sir/Madam, Sub: Investor Presentation Pl
Slide 2: Q1-2024: Performance review
Q1-2024: Performance review July 22, 2023
Slide 3: Forward-looking statements disclaimer
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: Highlights for Q1-2024
Highlights for Q1-2024 3
Slide 5: Key highlights for Q1-2024 (1/2)
Key highlights for Q1-2024 (1/2) • Profit before tax (excl. treasury gains), grew by 38.0% y-o-y to ₹ 125.95 bn in Q1-2024 Earnings • Core operating profit grew by 35.2% y-o-y to ₹ 138.87 bn in Q1-2024 • Provisions of ₹ 12.92 bn in Q1-2024 (0.49% of average advances) • Period-end total deposits grew
Slide 6: Key highlights for Q1-2024 (2/2)
Key highlights for Q1-2024 (2/2) • Net NPA ratio was 0.48% at Jun 30, 2023 (Mar 31, 2023: 0.48%) • Net additions of ₹ 18.07 bn to gross NPAs in Q1-2024 (Q4-2023: ₹ 0.14 bn) Asset • Provision coverage was 82.4% at Jun 30, 2023 (Mar 31, 2023: 82.8%) quality • Fund based o/s of ₹ 39.46 bn (0.4% of adva
Slide 7: Operating performance
Operating performance 6
Slide 8: Profit & loss statement
Profit & loss statement (₹ billion) FY2023 Q1-2023 Q4-2023 Q1-2024 Q1-o-Q1 (%) Net interest income1 621.29 132.10 176.67 182.27 38.0% Non-interest income 198.83 46.29 51.27 51.83 12.0% - Fee income 180.01 42.43 48.30 48.43 14.1% - Dividend income from 17.84 3.47 2.73 2.91 (16.1)% subsidiaries/associ
Slide 9: Profit & loss statement
Profit & loss statement ₹ in billion FY2023 Q1-2023 Q4-2023 Q1-2024 Q1-o-Q1 (%) Core operating profit 491.39 102.73 138.66 138.87 35.2% Net provisions 66.661 11.44 16.19 12.92 12.9% - Contingency provisions 56.50 10.50 16.00 - - - Other provisions 10.16 0.94 0.19 12.92 - Core operating profit less 4
Slide 10: Key ratios
Key ratios FY Q1- Q4- Q1- Percent 2023 2023 2023 2024 Net interest margin1,2 4.48 4.01 4.90 4.78 Cost of deposits2 3.66 3.46 3.98 4.31 Cost-to-income 40.1 42.3 39.2 40.2 Core operating profit/average assets2 3.32 2.95 3.60 3.44 Provisions/core operating profit 13.63 11.1 11.7 9.3 Provisions/average
Slide 11: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2023 Q1-2023 Q4-2023 Q1-2024 (₹ billion) Retail 175.34 38.10 49.03 41.79 Wholesale 157.85 36.88 45.04 40.80 Treasury 142.72 26.09 42.35 43.62 Others 4.80 1.08 1.65 2.26 Unallocated1 (56.50) (10.50) (16.00) - Total 424.21 91.65 122.07 128.47 1. Repr
Slide 12: Balance sheet growth
Balance sheet growth 11
Slide 13: Deposits
Deposits (₹ billion) Jun 30, Mar 31, Jun 30, Y-o-Y % share at 2022 2023 2023 growth Jun 30, 2023 CASA 4,921.14 5,412.62 5,362.26 9.0% 43.3% - Current 1,403.00 1,614.86 1,610.33 14.8% 13.0% - Savings 3,518.14 3,797.76 3,751.93 6.6% 30.3% Term 5,582.35 6,395.79 7,025.11 25.8% 56.7% Total deposits 10,5
Slide 14: Loan portfolio
Loan portfolio Jun 30, Mar 31, Y-o-Y % share at Jun (₹ billion) Jun 30, 2023 2022 2023 growth 30, 20234 Retail 4,779.41 5,578.17 5,827.93 21.9% 54.3% Rural loans 769.98 874.31 905.54 17.6% 8.4% Business banking 573.96 721.12 748.71 30.4% 7.0% SME1 393.85 482.21 506.15 28.5% 4.7% Domestic corporate a
Slide 15: Retail portfolio
Retail portfolio (₹ billion) Jun 30, Mar 31, Jun 30, Y-o-Y % share at 2022 2023 2023 growth Jun 30, 2023 Mortgages 3,050.76 3,446.96 3,556.46 16.6% 61.0% Vehicle loans 702.30 794.19 830.00 18.2% 14.2% - Auto finance 424.07 496.87 524.65 23.7% 9.0% - Commercial vehicle and 260.85 275.41 281.95 8.1% 4
Slide 16: Growing digital platforms
Growing digital platforms 15
Slide 17: Robust digital platforms
Robust digital platforms Retail Internet iMobile Pay Banking e₹ 400+ Services 400+ Services Central Bank Digital Currency (CBDC) is available on Play store and App Store1 Implemented UPI QR interoperability with digital rupee 350+ • iPlay videos 100+ • DIY journeys 19+ Products integrated in VKYC Di
Slide 18: iMobile Pay – Universal Super App
iMobile Pay – Universal Super App Payments Savings Scan to Pay, Pay to Contact IMPS/NEFT/Quick transfers ~10mn Bill Payment and Activations from Deposits and Personal Recharge Non-ICICI Finance Management Bank account Spends Borrow holders1 Instant Loans, Cards, PayLater, Travel, Shopping and Offers
Slide 19: New features for enhanced user experience
New features for enhanced user experience Digital Forex card re-load Journey iMobile Pay – Around the world (ATW) • Login using standalone Forex Card user ID/ registered mobile number • Reload option through any bank’s net banking and debit card Travel & Shop ATW enables users to book global events,
Slide 20: InstaBIZ: Universal app for Business Banking
InstaBIZ: Universal app for Business Banking Key features Key metrics New Acquisition Michael Mishra 9966332888 m.mishra@abc Forex Transaction ~27,500 Merchant Tax & New Bizpay registrations5 solutions Compliance 43% y-o-y growth in Transaction PA1 Servicing Active Merchant7,8 InstaOD 2.0 61% y-o-y
Slide 21: Digital solutions for merchant ecosystem
Digital solutions for merchant ecosystem • Super merchant account: Zero balance, swipe based benefits • Enabling Eazypay QR onboarding with the linkage of any Bank’s account • Digital POS solutions through Eazypay (POS, UPI, Cards, etc.) • PG: Eazypay Pro , POS: Eazypay Platinum 2.0 • Merchant modul
Slide 22: API Connect - Embedded banking for MSMEs
API Connect - Embedded banking for MSMEs API One-to-one client ERP integration with ICICI Bank One To One integrations High transaction volume, full fledged ERP users Client ERP 31% Y-o-Y growth in API Application Application hosted Bank Plugin installed on desktop on cloud active customer Plug-n-Pl
Slide 23: Digital Solutions for Merchandise Exporters
Digital Solutions for Merchandise Exporters Integration of Goods, Money & Information Insta EPC Industry first real time export finance disbursal via Trade Online Money eDocs 2.0 Partner Discovery Digital filing of documents, Discover new markets, connect settlement & reconciliation of with buyers &
Slide 24: Supply chain solutions
Supply chain solutions Structures designed to meet corporate requirements Dealer Domestic & cross-border solutions basis underlying trade financing Improving operational efficiencies in client’s supply chain ecosystem Supply Automated reconciliation of transactions with real time status Paya
Slide 25: Digital sourcing for retail products in Q1-2024
Digital sourcing for retail products in Q1-2024 Personal loan Credit cards (by volume) SIPs initiated (by volume) disbursements (by volume) Mortgages Fixed deposits (Number of sanctions) (by volume) 24
Slide 26: Digital payments: credit and debit cards
Digital payments: credit and debit cards Credit card spends Debit card spends 1 Credit card Issued 4.2 mn+ partnerships Amazon Pay cards 1. Excluding proprietory cards 25
Slide 27: Digital payments
Digital payments UPI: P2M1 transactions Electronic toll collections Volume: 59.0% y-o-y Value: 87.6% y-o-y 16.1% y-o-y Market share by value was 30% in Market share by value was 18.5% in Jun Q1-2024 2023 New Introduced auto recharge on FASTag through UPI mandate 1. Payments to merchants 26
Slide 28: Asset quality trends
Asset quality trends 27
Slide 29: NPA trends
NPA trends (₹ billion) Jun 30, Mar 31, Jun 30, 2022 2023 2023 Gross NPAs1 331.63 311.84 318.22 Less: cumulative provisions 265.07 260.29 264.40 Net NPAs1 66.56 51.55 53.82 Gross NPA ratio1 3.41% 2.81% 2.76% Net NPA ratio1 0.70% 0.48% 0.48% Provision coverage ratio 79.6% 82.8% 82.4% Non-fund o/s to N
Slide 30: NPA movement
NPA movement1 ₹ billion FY2023 Q1-2023 Q4-2023 Q1-2024 Opening gross NPA 339.20 339.20 325.28 311.84 Add: gross additions (1) 186.41 58.25 42.97 53.18 - Retail, rural and business banking 154.90 50.372 40.20 50.723 - Corporate and SME 31.51 7.88 2.77 2.46 Less: recoveries, upgrades and others (2) 16
Slide 31: Resolution under RBI frameworks
Resolution under RBI frameworks (₹ billion) 30-Jun-22 31-Mar-23 30-Jun-23 Retail, rural and business banking1 52.75 38.33 34.06 Corporate and SME1 21.01 6.75 5.40 Total fund based o/s1 73.76 45.08 39.46 Total fund based o/s as % of total advances 0.8% 0.4% 0.4% Provisions held on loans under resolut
Slide 32: Standard asset and other provisions
Standard asset and other provisions (₹ billion) Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, 2022 2022 2022 2023 2023 Contingency provisions1 85.00 100.00 115.00 131.00 131.00 Provision on non-fund based o/s to 20.75 20.24 19.93 20.05 19.64 NPAs Provisions on fund based o/s to 22.90 20.59 15.29 13.80 12.
Slide 33: Loan portfolio information
Loan portfolio information 32
Slide 34: Diversified and granular loan book
Diversified and granular loan book Breakup of loan portfolio1 at Jun 30, 2023 54.3% of total loans are retail3 2 1. Proportions are gross of BRDS/IBPC 2. Includes dealer funding, loan against shares and others 3. Including non-fund based outstanding, the share of retail portfolio was 45.9% of the to
Slide 35: Rating-wise loan book, excluding retail and rural portfolio
Rating-wise loan book, excluding retail and rural portfolio Mar 31, Mar 31, Mar 31, Dec 31, Mar 31, Jun 30, Rating category1 2020 2021 2022 2022 2023 2023 AA- and above 27.3% 35.3% 36.1% 45.3% 46.9% 45.5% A+, A, A- 36.9% 33.7% 35.7% 27.8% 26.6% 26.7% A- and above 64.2% 69.1% 71.8% 73.1% 73.5% 72.2%
Slide 36: Corporate and SME: BB and below
Corporate and SME: BB and below (₹ billion) Jun 30, Mar 31, Jun 30, 2022 2023 2023 BB and below outstanding1 82.09 47.04 42.76 - Fund and non-fund o/s to borrowers with loans 22.89 7.74 7.27 under resolution - Other borrowers with o/s greater than ₹ 1.00 bn2 38.05 18.01 15.03 - Other borrowers with
Slide 37: Mortgage portfolio
Mortgage portfolio Mortgage portfolio includes home loans ~70%, top-up loans given to existing home loan customers 6%, office premises loans ~5% and loan against property ~16% Home loans are geographically well diversified, built on fundamental premises of cashflow assessment of underlying borrower
Slide 38: Auto and two wheeler finance
Auto and two wheeler finance Auto loan portfolio comprises 85% new vehicles and 15% used vehicles Instant car loan disbursement, a industry first proposition, for pre-approved customers; delivery order is generated digitally in a seamless manner. The product won the ‘Best Automobile/Car Loan Product
Slide 39: Rural and personal loan and credit card portfolio
Rural and personal loan and credit card portfolio Rural loans Personal loans and credit cards Gold loans comprise ~2% and kisan credit cards Personal loan disbursements comprise ~2% of the total loan book increased sequentially in Q1-2024 Growth in retail credit card spends Leverage opportunities fo
Slide 40: SME and business banking portfolio
SME and business banking portfolio Growth driven by leveraging branch network and digital platforms such as InstaBIZ, Merchant STACK and Trade Online and efforts towards process decongestion such as e- signing of disbursement documents through EazySign Focus on parameterised and programme based lend
Slide 41: Exposure to power sector
Exposure to power sector (₹ billion) Jun 30, Mar 31, Jun 30, Share at Jun 2022 2023 2023 30, 2023 (%) Borrowers classified as NPA or part of BB 66.33 45.03 44.79 9.7% and below portfolio1 Other borrowers 308.06 432.19 418.28 90.3% Total 374.39 477.22 463.07 100.0% • Of the other borrowers aggregatin
Slide 42: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Jun 30, Mar 31, Jun 30, Outstanding (₹ billion) 2022 2023 2023 NBFCs1 619.56 725.93 749.04 HFCs1 80.16 108.97 125.14 Builder portfolio (construction finance, lease rental 275.69 398.87 427.12 discounting, term loans and working capital) • Proportion of the NBFC and
Slide 43: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Jun 30, 2023: USD 2.76 billion The overseas non-India linked corporate portfolio reduced by 39.7% year-on-year or about USD 182 million and 9.6% sequentially or about USD 29 million at Jun 30, 2023 1. Corporate fund and non-fund outstanding of ove
Slide 44: Concentration risk ratios
Concentration risk ratios Mar 31, Mar 31, Mar 31, Dec 31, Mar 31, Jun 30, Advances 2020 2021 2022 2022 2023 2023 Exposure to top 20 borrowers1 as a % of total 11.0% 12.1% 9.6% 8.8% 8.5% 8.7% exposure Exposure to top 10 groups 12.1% 11.6% 10.3% 10.0% 10.1% 10.5% as a % of total exposure • All top 20
Slide 45: Capital
Capital 44
Slide 46: Strong capital position
Strong capital position Mar 31, 2023 Jun 30, 20231 (₹ billion) % (₹ billion) % Total capital 1,962.82 18.34 1,931.51 16.71 - Tier I 1,884.17 17.60 1,850.17 16.00 - of which: CET1 1,832.77 17.12 1,838.77 15.90 - Tier II 78.65 0.74 81.34 0.70 Risk weighted assets 10,705.15 11,562.20 - On balance sheet
Slide 47: Group companies
Group companies 46
Slide 48: Profit after tax of key subsidiaries and associates
Profit after tax of key subsidiaries and associates Profit after tax (₹ billion) Q1- Q4- Q1- FY2023 2023 2023 2024 ICICI Prudential Life Insurance 8.11 1.56 2.35 2.07 ICICI Lombard General Insurance 17.29 3.49 4.37 3.90 ICICI Prudential Asset Management1 15.16 3.05 3.85 4.74 ICICI Securities (Consol
Slide 49: Insurance entities
Insurance entities ICICI Prudential Life Insurance • Value of new business (VNB) was ₹ 4.38 billion in Q1-2024 (Q1-2023: ₹ 4.71 billion) • VNB margin was 30.0% in Q1-2024 (FY2023: 32%) • Annualised premium equivalent (APE) was ₹ 14.61 billion in Q1-2024 (Q1-2023: ₹ 15.20 billion) • New business sum
Slide 50: ICICI Securities and ICICI AMC
ICICI Securities and ICICI AMC ICICI Securities1 • Retail equity market share increased from 9.7% in Q1-2023 to 12.22% in Q1-2024 • Retail derivative market share increased from 3.5% in Q1-2023 to 3.6% in Q1-2024 • Market share in commodity trading segment increased from 4.4% in Q1-2023 to 7.2% in Q
Slide 51: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 50
Slide 52: ESG at ICICI Bank
ESG at ICICI Bank Environment Social Governance Promoting sustainable Striving to create value for all Being responsible and environmental practices stakeholders transparent in business • Proportion of renewable energy in • Committed ₹ 12.00 billion to • Framework for total electricity use increased
Slide 53: Thank you
PICICI Bank Thank you
Slide 54: Additional financial information
Additional financial information 53
Slide 55: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2023 Q1-2023 Q4-2023 Q1-2024 margins (Percent)1 Yield on total interest-earning 7.87 7.19 8.60 8.74 assets2 - Yield on advances 8.94 8.12 9.75 9.86 Cost of funds 3.93 3.67 4.29 4.60 - Cost of deposits 3.66 3.46 3.98 4.31 Net interest margin2 4.48 4
Slide 56: Consolidated profit & loss statement
Consolidated profit & loss statement (₹ billion) Q1-o-Q1 FY2023 Q1-2023 Q4-2023 Q1-2024 growth Net interest income 705.23 150.70 199.59 207.38 37.6% Non-interest income 651.12 130.60 194.84 149.78 14.7% - Fee income 228.72 53.95 60.69 61.96 14.8% - Premium income 411.37 75.37 131.77 76.97 2.1% - Oth
Slide 57: Consolidated profit & loss statement
Consolidated profit & loss statement (₹ billion) Q1-o-Q1 FY2023 Q1-2023 Q4-2023 Q1-2024 growth Operating profit 531.96 111.23 152.06 156.59 40.8% Contingency provisions 56.50 10.50 16.00 - - Other provisions 12.90 0.81 1.22 13.45 - Profit before tax 462.56 99.92 134.84 143.14 43.3% Tax 117.92 25.05
Slide 58: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2023 Q1-2023 Q4-2023 Q1-2024 Return on equity1 17.3 15.9 19.1 19.4 Weighted average EPS1 (₹) 48.9 42.6 57.3 61.2 Book value (₹) 307 273 307 323 slide 9 1. Annualised for all interim periods 57
Slide 59: Balance sheet: liabilities
Balance sheet: liabilities (₹ billion) Jun 30, 2022 Mar 31, 2023 Jun 30, 2023 Net worth 1,778.78 2,007.16 2,109.66 - Equity capital 13.91 13.97 14.00 - Reserves 1,764.87 1,993.19 2,095.66 Deposits 10,503.49 11,808.41 12,387.37 - Current 1,403.00 1,614.86 1,610.33 - Savings 3,518.14 3,797.76 3,751.93
Slide 60: Composition of borrowings
Composition of borrowings (₹ billion) Jun 30, 2022 Mar 31, 2023 Jun 30, 2023 Domestic 756.62 935.11 876.14 - Capital instruments 138.80 82.81 39.54 - Other borrowings 617.82 852.30 836.60 - Long term infrastructure bonds 388.09 459.04 457.39 - Refinance 193.06 355.95 338.65 Overseas borrowings1 397.
Slide 61: Consolidated balance sheet
Consolidated balance sheet (₹ billion) Jun 30, 2022 Mar 31, 2023 Jun 30, 2023 Cash & bank balances 1,275.90 1,364.56 1,274.29 Investments 5,655.77 6,395.52 6,927.09 Advances 9,572.07 10,838.66 11,248.75 Fixed & other assets 924.03 986.16 948.84 Total assets 17,427.77 19,584.90 20,398.97 Net worth 1,
Slide 62: Branch and ATM network
Branch and ATM network Branches % share at Mar 31, Mar 31, Mar 31, Dec 31, Mar 31, Jun 30, Jun 30, 2020 2021 2022 2022 2023 2023 2023 Metro 1,585 1,542 1,567 1,645 1,709 1,775 29.2% Urban 1,067 1,063 1,074 1,125 1,160 1,203 19.8% Semi urban 1,546 1,537 1,599 1,676 1,712 1,753 28.9% Rural 1,126 1,124
Slide 63: Balance sheet: assets
Balance sheet: assets (₹ billion) Jun 30, Mar 31, Jun 30, 2022 2023 2023 Cash & bank balances 1,132.23 1,194.38 1,062.47 Investments 3,212.52 3,623.30 3,981.40 - SLR investments 2,785.95 3,057.69 3,346.24 - Equity investment in subsidiaries1 67.13 69.78 69.78 Advances 8,956.25 10,196.38 10,575.83 Fi
Slide 64: Equity investment in subsidiaries
Equity investment in subsidiaries (₹ billion) Jun 30, Mar 31, Jun 30, 2022 2023 2023 ICICI Prudential Life Insurance 32.75 32.75 32.75 ICICI Bank Canada 9.96 9.96 9.96 ICICI Bank UK 9.70 9.70 9.70 ICICI Home Finance 11.12 13.62 13.62 ICICI Securities Limited 1.22 1.22 1.22 ICICI Securities Primary D
Slide 65: Portfolio composition
Portfolio composition Jun 30, 2022 Mar 31, 2023 Jun 30, 2023 Domestic 91.0% 93.2% 93.5% International 9.0% 6.8% 6.5% Total consolidated advances 9,572 10,839 11,249 (₹ billion) slide 13 64
Slide 66: Retail, rural and business banking NPAs
Retail, rural and business banking NPAs Jun 30, Mar 31, Jun 30, ₹ in billion 2022 2023 2023 Gross retail, rural and business banking NPAs 127.19 121.13 129.35 - as a % of gross advances 2.05% 1.67% 1.71% Net retail, rural and business banking NPAs 50.22 42.04 43.83 - as a % of net advances 0.82% 0.5
Slide 67: Sector-wise exposures
Sector-wise exposures Top 10 sectors1: % of total Mar 31, Mar 31, Mar 31, Dec 31, Mar 31, Jun 30, exposure of the Bank 2020 2021 2022 2022 2023 2023 Retail finance2 32.2% 33.9% 36.3% 37.8% 38.3% 38.8% Services – finance 8.4% 9.9% 8.9% 8.9% 8.7% 8.9% Rural 4.9% 6.3% 5.8% 6.2% 6.2% 6.2% Banks 6.4% 7.9
Slide 68: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Mar 31, Jun 30, 20231 20232 Total capital 18.09% 16.59% - Tier I 17.33% 15.87% - of which: CET 1 16.88% 15.78% - Tier II 0.76% 0.72% • Including profits for Q1-2024, CET 1 ratio was 16.54%, Tier I ratio was 16.63% and total capital adequacy ratio was 17.35
Slide 69: Insurance entities
Insurance entities ICICI Life (₹ billion) FY2023 Q1-2023 Q4-2023 Q1-2024 Annualised premium equivalent 86.40 15.20 33.00 14.61 - Of which: protection 15.04 3.30 4.54 3.44 Assets under management 2,511.91 2,300.72 2,511.91 2,664.20 Expense ratio1 21.5% 23.8% 22.9% 27.7% ICICI General (₹ billion) FY20
Slide 70: ICICI Bank UK
ICICI Bank UK (USD million) FY2023 Q1-2023 Q4-2023 Q1-2024 Net interest income 52.6 10.9 16.0 17.4 Operating profit 21.7 3.9 9.9 11.0 Loans and advances 997.2 1,068.8 997.2 1,083.6 Deposits 1,617.4 1,348.6 1,617.4 1,660.7 - Retail term deposits 650.2 193.3 650.2 652.1 Capital adequacy ratio 27.1% 24
Slide 71: ICICI Bank UK
ICICI Bank UK1 Asset profile Liability profile 2 3 Total assets: USD 2.25 bn Total liabilities: USD 2.25 bn 1. At Jun 30, 2023 2. Includes cash & advances to banks and T Bills 3. Includes securities re-classified to loans & advances 70
Slide 72: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2023 Q1-2023 Q4-2023 Q1-2024 Net interest income 84.2 12.5 26.8 27.4 Operating profit 65.6 9.9 20.7 21.7 Loans and advances 5,182.1 5,154.4 5,182.1 5,191.8 - Residential mortgages 3,741.5 3,749.2 3,741.5 3,729.4 Deposits 3,176.7 3,044.2 3,176.7 3,082.8 Capital adequ
Slide 73: ICICI Bank Canada
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 5.86 bn Total liabilities: CAD 5.86 bn 1. At Jun 30, 2023 2. Includes cash & placements with banks and government securities 3. Insured mortgages include CAD 2,300.96 million of securitised mortgages at Jun 30, 2023 (Mar 31,
Slide 74: ICICI Home Finance
ICICI Home Finance1 (₹ billion) Mar 31, 2023 Jun 30, 2023 Loans and advances 175.44 181.86 Gross impaired loans (stage 3)2 5.61 5.49 Net impaired loans (stage 3) 3.56 3.10 Capital adequacy ratio 23.47% 23.26% slide 47 1. As per Ind AS 2. Includes commercial real estate loans of ₹ 0.81 billion at Jun