Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q3 2022 Earnings Presentation
97 slides from Icici Bank's earnings presentation, Jan 22, 2022
Slide 1: Exchange filing cover letter
January 22, 2022 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: Earnings call for q
Slide 2: Q3-2022: Performance review
Q3-2022: Performance review January 22, 2022
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: Highlights for Q3-2022
Highlights for Q3-2022 3
Slide 5: Key highlights for Q3-2022 (1/2)
Key highlights for Q3-2022 (1/2) • 24.9% y-o-y growth in core operating profit1 to ` 100.60 billion Deposit growth • Average current account deposits increased by 33.7% y-o-y in Q3-2022 • Average savings account deposits increased by 24.7% y-o-y in Q3-2022 • Total deposits increased by 16.4% y-o-y a
Slide 6: Key highlights for Q3-2022 (2/2)
Key highlights for Q3-2022 (2/2) Asset quality • Net NPAs declined by 10.0% sequentially to ₹ 73.44 billion at December 31, 2021 • Net NPA ratio declined from 0.99% at Sep 30, 2021 to 0.85% at Dec 31, 2021 • Net deletions of ` 1.91 bn from gross NPAs (Q2-2022: net additions of ` 0.96 bn) • Total pro
Slide 7: Operating performance
Operating performance 6
Slide 8: P&L trends: Q3-2022
P&L trends: Q3-2022 Net interest income (NII) Net interest margin (%) 3.96 in Q3-2022 Growth of 23.4% y-o-y to ` 122.36 billon (H1-2022: 3.94, Q2-2022: 4.00, Q3-2021: 3.67) Fee income Operating expenses Growth of 19.2% y-o-y to ` 42.91 billon Growth of 22.4% y-o-y to ` 70.75 billon Core operating pr
Slide 9: Profit & loss statement
Profit & loss statement (` billion) FY2021 Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 2021 2021 2022 2022 2022 (%) Net interest income1 389.89 99.12 285.58 116.90 122.36 348.62 23.4% Non-interest income 139.23 39.21 97.86 44.00 48.99 130.05 24.9% - Fee income 126.59 36.01 88.44 38.11 42.91 113.21 19.2% - Dividend
Slide 10: Profit & loss statement
Profit & loss statement (` billion) FY2021 Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 2021 2021 2022 2022 2022 (%) Core operating profit 313.51 80.54 227.86 95.18 100.60 281.83 24.9% Treasury income 50.461 7.661 50.711 3.97 0.88 7.74 (88.5)% Operating profit 363.97 88.20 278.57 99.15 101.48 289.57 15.1% Net provis
Slide 11: Key ratios
Key ratios Percent FY2021 Q3- 9M- Q2- Q3- 9M- 2021 2021 2022 2022 2022 Net interest margin1,4 3.69 3.67 3.64 4.00 3.96 3.95 Cost of deposits4 4.12 3.97 4.23 3.53 3.47 3.55 Cost-to-income 39.72 40.52 39.12 39.9 41.1 40.5 Provisions/core operating profit 36.63 34.0 42.03 28.5 20.0 26.9 Provisions/aver
Slide 12: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2021 Q3- 9M- Q2- Q3- 9M- (` billion) 2021 2021 2022 2022 2022 Retail 77.40 (3.29) 54.42 26.06 37.62 67.57 Wholesale 58.20 15.96 32.95 18.76 19.90 57.75 Treasury 110.80 23.65 92.71 26.43 22.40 74.98 Others 2.93 1.49 2.68 0.76 1.49 3.05 Unallocated1
Slide 13: Balance sheet growth
Balance sheet growth 12
Slide 14: Deposits
Deposits (` billion) Dec 31, Sep 30, Dec 31, Y-o-Y % share at 2020 2021 2021 growth Dec 31, 2021 CASA 3,954.16 4,507.03 4,806.56 21.6% 47.2% - Current 1,167.41 1,321.47 1,460.43 25.1% 14.4% - Savings 2,786.74 3,185.57 3,346.13 20.1% 32.8% Term 4,789.32 5,267.45 5,368.11 12.1% 52.8% Total deposits 8,
Slide 15: Loan portfolio
Loan portfolio (` billion) Dec 31, Sep 30, Dec 31, Y-o-Y % share at 2020 2021 2021 growth Dec 31, 20214 Retail 4,237.83 4,780.25 5,024.20 18.6% 61.3% Business banking 349.96 445.67 484.84 38.5% 5.9% SME1 270.93 331.40 363.53 34.2% 4.4% Domestic corporate and 1,700.84 1,755.04 1,913.58 12.5% 23.4% ot
Slide 16: Retail portfolio
Retail portfolio (` billion) Dec 31, Sep 30, Dec 31, Y-o-Y % share at Dec 2020 2021 2021 growth 31, 2021 Mortgages 2,257.57 2,646.95 2,782.67 23.3% 55.4% Vehicle loans 624.49 636.19 658.64 5.5% 13.1% - Auto finance 346.29 374.80 387.37 11.9% 7.7% - Commercial vehicle and 264.07 248.43 256.71 (2.8)%
Slide 17: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Dec 31, 2021: USD 3.60 billion The overseas non-India linked corporate portfolio reduced by 57.8% year-on-year or about USD 941 million and 15.8% sequentially or about USD 129 million at December 31, 2021 Exited exposures that are not linked to In
Slide 18: Growing digital platforms
Growing digital platforms 17
Slide 19: iMobile Pay: Universal Fintech App
iMobile Pay : Universal Fintech App iMobile Pay 3.0 Tap2Pay Bill Any Bank Personal Invest, Offers & Payment Scan2Pay Card Finance Insure & Loans Shopping & Pay2Contact payment Mgmt Tax Recharge One app for All Banks | Seamless Journeys | Hyper Personalization iMobile 2.0 One App Strategy Products &
Slide 20: iMobile Pay – Built for all, Built for scale
iMobile Pay – Built for all, Built for scale Send money: Pay to Contact Industry First Scan to Pay Bill payments, FASTag & recharges ~5.3 million activations from non-ICICI Bank customers Open savings a/c Live with end-to-end 73% in value of Credit card digital transactions1 journeys from Home loan,
Slide 21: Seamless payment features driving growth
Seamless payment features driving growth UPI -iMobile Pay Scan to Pay Number of transactions Number of transactions 3.3x y-o-y1 3.2x y-o-y1 Industry Pay to contact Mobile banking transactions avg ticket size first 2x of industry3 Number of transactions Highest UPI PSP app transactions amongst 1.5x Q
Slide 22: Onboarding and engagement
Onboarding and engagement Video KYC iScore 1.6 million+ Bank’s Video KYC Computed proprietary till date from 0 – 100 score 1.4x increase1 in customers Multi- AI-based onboarded dimensional advanced vectors using video analytics KYC • Best in class application uptime • Early affiliation with millenni
Slide 23: InstaBIZ: Universal App for small businesses
InstaBIZ: Universal App for small businesses New features Key metrics Digital sourcing Overdraft facility for current 68% Value of account customers (by count) financial transactions1 Personal Live chat banking 1.5x Balances of Bulk Forward deal digitally active vs approval booking inactive customer
Slide 24: Supply chain platforms driving growth
Supply chain platforms driving growth Increasing value of limits setup 3.5x y-o-y Increasing value of and outstanding book throughput 3.0x y-o-y 3.5x y-o-y Digital penetration in dealers and vendors Plug-and-play solution Open architecture solution Real time status update across journey Algorithm Se
Slide 25: Digital solution for merchant ecosystem
Digital solution for merchant ecosystem • Super merchant account: Zero balance, swipe based benefits • Enabling POS onboarding for SB customers • Digital POS solutions through Eazypay (POS, UPI, Cards, etc.) • PG: Eazypay Pro , POS: Eazypay Platinum 2.0 • Merchant module in InstaBIZ • Value added se
Slide 26: BizPay360 – Bulk Payment Solution
BizPay360 – Bulk Payment Solution Digital onboarding with instant activation 119% Choose your debit type – consolidated / individual Q-o-Q growth in customer registrations1 Customized debit credit narration for ease in reconciliation 50,000+ registrations Upto 10 onscreen payments with single OTP 87
Slide 27: Business Banking: Digital initiatives
Business Banking: Digital initiatives Seller lending program Contactless disbursement Seller data Bank statement On the fly e- Digital document Remote access to stamping, e-sign generation and digital documents OD and document GST returns scrutiny by signor storage limit Financial statements Profile
Slide 28: Growing corporate ecosystems…
Growing corporate ecosystems… Digital onboarding Digital transaction ICICI STACK for corporates …driving efficiency & enhancing …seamless integrations across …bespoke industry solutions coverage-new customer acquisition platforms (H2H & API) driving delivering ecosystem value – 20+ & deepening walle
Slide 29: Expanding digital reach across corporate ecosystems…
Expanding digital reach across corporate ecosystems… India's first blockchain based solution - End-to-end digitization of inland trade One stop platform for complete trade lifecycle – Launched Nov 2021 Pricing discovery Digital LC & presentation Repository Digital Transaction value Volume of LC advi
Slide 30: Digital sourcing for retail products in 9M-2022
Digital sourcing for retail products in 9M-2022 Personal loan Credit cards (by volume) SIPs initiated (by volume) disbursements (by volume) Term life insurance Fixed deposits Mortgages policies sold online (by volume) (Number of sanctions) 29
Slide 31: Digital payments: credit and debit cards
Digital payments: credit and debit cards Debit card spends Credit card spends 2.2x y-o-y and 1.3x q-o-q 11% y-o-y Launched Festive Bonanza, a Increasing market share1 (%) Partnerships complete suite of offers with instant discounts, cashbacks Issued 2 mn+ cards on premium brands and e- commerce plat
Slide 32: Digital payments
Digital payments UPI: P2M1 transactions Electronic toll collections Value: 2.2x y-o-y; Volume: 1.6x y-o-y 42.5% y-o-y Market share by volume was 16% in Q3- Market share by value was 39% in 2022; ranked 3rd in the industry Q3-2022; ranked 1st in the industry 1. Payments to merchants 31
Slide 33: Asset quality trends
Asset quality trends 32
Slide 34: NPA trends
NPA trends (` billion) Dec 31, 20202 Sep 30, Dec 31, (proforma) 2021 2021 Gross NPAs1 431.40 414.37 370.53 Less: cumulative provisions 335.08 332.76 297.09 Net NPAs1 96.32 81.61 73.44 Gross NPA ratio1 5.42% 4.82% 4.13% Net NPA ratio1 1.26% 0.99% 0.85% Provision coverage ratio 77.6% 80.1% 79.9% Non-f
Slide 35: NPA movement
NPA movement1 ` in billion FY2021 Q3-20212 Q2-2022 Q3-2022 Opening gross NPA 414.09 403.99 431.48 414.37 Add: gross additions (1) 161.23 78.37 55.78 40.18 - Retail and business banking 128.25 70.32 46.24 38.533 - Corporate and SME 32.98 8.05 9.54 1.65 Less: recoveries, upgrades and others (2) 64.63
Slide 36: Resolution under RBI frameworks
Resolution under RBI frameworks • The total fund based outstanding to all standard borrowers, under resolution as per the various frameworks was ₹ 96.84 billion or about 1.2% of the total loan portfolio at Dec 31, 2021 (same level as Sep 30, 2021) • ₹ 64.74 billion was from the retail and business b
Slide 37: Standard asset and other provisions
Standard asset and other provisions (` billion) Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, 2020 2021 2021 2021 2021 Covid-19 related contingency 35.091 - - - - provisions Covid-19 related other provisions 64.75 74.75 64.25 64.25 64.25 Provision on non-fund based o/s to 13.97 14.92 16.55 17.71 19.57 NPA
Slide 38: Loan portfolio information
Loan portfolio information 37
Slide 39: Diversified and granular loan book
Diversified and granular loan book Breakup of loan portfolio1 at Dec 31, 2021 61.3% of total loans are retail3 Retail portfolio largely secured and built on proprietary data and analytics in addition to bureau checks and well-priced in relation to risk 2 Focus on granular exposures and higher rated
Slide 40: Rating-wise non-retail loan book
Rating-wise non-retail loan book Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, Rating category1 2018 2019 2020 2021 2021 2021 AA- and above 21.2% 25.3% 27.3% 35.3% 36.3% 37.3% A+, A, A- 25.1% 32.5% 36.9% 33.7% 34.4% 33.7% A- and above 46.3% 57.7% 64.2% 69.1% 70.7% 71.0% BBB+,BBB, BBB- 34.5% 33.4%
Slide 41: Corporate and SME: BB and below
Corporate and SME: BB and below ` billion Dec 31, Sep 30, Dec 31, 20204 2021 2021 BB and below outstanding1 136.54 127.14 118.42 - Fund and non-fund o/s to borrowers with loans 1.64 32.42 36.92 under resolution - Other borrowers with o/s greater than ` 1.00 bn2 95.24 58.47 52.34 - Other borrowers wi
Slide 42: Movement in Corporate & SME BB and below: Q3-2022
Movement in Corporate & SME BB and below: Q3-2022 (` billion) 1,2 1,2 1. Fund-based and non-fund based outstanding 2. Excludes banks, investments and fund and non-fund based outstanding to NPAs 41
Slide 43: Mortgage portfolio
Mortgage portfolio Total mortgage portfolio includes home loans ~70 %, top-up loans given to existing home loan customers 6%, office premises loans ~5% and loan against property ~19% Home loans are geographically well diversified, built on fundamental premises of cashflow assessment of underlying bo
Slide 44: Auto and two wheeler finance
Auto and two wheeler finance Auto loan comprises 86% new vehicles and 14% 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 Award' in
Slide 45: 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 and kisan credit cards comprise 3% Personal loan disbursements increased each of the total loan book. Overall micro finance sequentially and crossed pre-Covid loans are negligible levels Leverage
Slide 46: SME and business banking portfolio
SME and business banking portfolio Growth driven by leveraging distribution 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 EasySign Focus on parameterised and programme based
Slide 47: Exposure to power sector
Exposure to power sector (` billion) Dec 31, Sep 30, Dec 31, Share at Dec 2020 2021 2021 31, 2021 (%) Borrowers classified as NPA/proforma NPA 84.70 77.11 75.79 20.1% or part of BB and below portfolio1 Other borrowers 255.28 326.04 301.42 79.9% Total 339.98 403.15 377.21 100.0% • Of the other borrow
Slide 48: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Outstanding (` billion) Dec 31, Sep 30, Dec 31, 2020 2021 2021 NBFCs1 422.46 508.40 557.84 HFCs1 153.83 96.71 118.02 Builder portfolio (construction finance, lease rental 225.57 228.14 257.53 discounting, term loans and working capital loans) • Proportion of the NBF
Slide 49: Concentration risk ratios
Concentration risk ratios Details Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, Dec 31, 2018 2019 2020 2021 2021 2021 Exposure to top 20 12.5% 10.8% 11.0% 12.1% 10.5% 10.7% borrowers1 as a % of total exposure Exposure to top 10 groups 14.3% 13.6% 12.1% 11.6% 11.2% 10.9% as a % of total exposure • Hard lim
Slide 50: Capital
Capital 49
Slide 51: Strong capital position
Strong capital position Sep 30, 20211 Dec 31, 20212 (` billion) % (` billion) % Total capital 1,528.82 18.33% 1,530.72 17.91% - Tier I 1,446.01 17.34% 1,446.86 16.93% - of which: CET1 1,346.40 16.15% 1,347.47 15.77% - Tier II 82.81 0.99% 83.85 0.98% Risk weighted assets 8,337.83 8,546.87 - On balanc
Slide 52: Group companies
Group companies 51
Slide 53: Profit after tax of key subsidiaries and associates
Profit after tax of key subsidiaries and associates Profit after tax (` billion) FY2021 Q3-2021 Q2-2022 Q3-2022 ICICI Prudential Life Insurance 9.60 3.06 4.45 3.11 ICICI Lombard General Insurance3 14.73 3.14 4.46 3.18 ICICI Prudential Asset Management1 12.45 3.58 3.83 3.34 ICICI Securities (Consolid
Slide 54: Insurance entities
Insurance entities ICICI Prudential Life Insurance • New business premium grew by 29.7% y-o-y to ` 102.48 billion in 9M-2022 • Value of new business (VNB) grew by 34.8% y-o-y to ` 13.88 billion in 9M-2022; VNB margins increased from 25.1% in FY2021 to 27.1% in 9M-2022 • Annuity new business premium
Slide 55: ICICI Securities and ICICI AMC
ICICI Securities and ICICI AMC ICICI Securities • Revenue1 grew by 51.9% to ₹ 9.42 billion in Q3-2022 from growth across all businesses • New client acquisition of ~ 676,000 in Q3-2022; highest ever quarterly addition • Overall active clients grew by 89% y-o-y to 3.1 million in Q3-2022 • Profit afte
Slide 56: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 55
Slide 57: ESG at ICICI Bank
ESG at ICICI Bank Environment Social Governance The Bank is committed to conducting ICICI Bank and ICICI Foundation Being responsible and its business responsibly and promote continue focus on social transparent in business, sustainable environmental practices responsibility continuously strive to c
Slide 58: Thank you
ICICI Bank Thank you
Slide 59: Additional financial information
Additional financial information 58
Slide 60: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2021 Q3-2021 9M-2021 Q2-2022 Q3-2022 9M-2022 margins (Percent)1 Yield on total interest-earning 7.49 7.30 7.56 7.26 7.15 7.22 assets2 - Yield on advances 8.76 8.44 8.87 8.34 8.19 8.26 Cost of funds 4.25 4.11 4.35 3.71 3.66 3.73 - Cost of deposits 4
Slide 61: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2021 Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 2021 2021 2022 2022 2022 growth Net interest income 465.04 118.02 341.59 133.86 139.41 398.74 18.1% Non-interest income 720.30 182.04 507.61 160.05 155.52 442.95 (14.6)% - Fee income 161.95 44.64 113.33 49.83 54.82 1
Slide 62: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2021 Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 2021 2021 2022 2022 2022 growth Operating profit 422.62 102.22 323.82 111.24 111.51 316.89 9.1% Covid-19 related provisions1 47.50 (18.00) 37.50 - - (10.50) - Other provisions 116.28 45.00 97.05 27.74 21.28 89.23 43.
Slide 63: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2021 Q3-2021 9M-2021 Q2-2022 Q3-2022 9M-2022 Return on equity1 13.0 14.6 13.1 14.6 15.1 13.9 Weighted average EPS1 (`) 27.3 31.6 26.8 34.9 37.4 33.3 Book value (`) 228 220 220 243 252 252 slide 10 1. Annualised for all interim periods 62
Slide 64: Balance sheet: liabilities
Balance sheet: liabilities (` billion) Dec 31, 2020 Sep 30, 2021 Dec 31, 2021 Net worth 1,427.68 1,567.84 1,630.69 - Equity capital 13.81 13.87 13.89 - Reserves 1,413.87 1,553.97 1,616.80 Deposits 8,743.48 9,774.49 10,174.67 - Current 1,167.41 1,321.47 1,460.43 - Savings 2,786.74 3,185.57 3,346.13 -
Slide 65: Composition of borrowings
Composition of borrowings (` billion) Dec 31, Sep 30, Dec 31, 2020 2021 2021 Domestic 811.04 598.47 833.19 - Capital instruments 192.75 172.84 172.50 - Other borrowings 618.29 425.63 660.69 - Long term infrastructure bonds 194.97 223.14 307.89 Overseas borrowings1 305.04 231.42 262.66 Total borrowin
Slide 66: Consolidated balance sheet
Consolidated balance sheet (` billion) Dec 31, 2020 Sep 30, 2021 Dec 31, 2021 Cash & bank balances 1,482.80 1,635.57 1,956.15 Investments 5,131.39 5,328.48 5,318.23 Advances 7,577.46 8,239.62 8,745.94 Fixed & other assets 1,001.88 836.86 808.72 Total assets 15,193.53 16,040.53 16,829.04 Net worth 1,
Slide 67: Extensive franchise
Extensive franchise Branches Mar 31, Mar 31, Mar 31, Mar 31, Dec 31, % share at 2018 2019 2020 2021 2021 Dec 31, 2021 Metro 1,443 1,438 1,585 1,542 1,556 29% Urban 991 991 1,067 1,063 1,063 21% Semi urban 1,449 1,453 1,546 1,537 1,551 29% Rural 984 992 1,126 1,124 1,128 21% Total branches 4,867 4,87
Slide 68: Balance sheet: assets
Balance sheet: assets (` billion) Dec 31, Sep 30, Dec 31, 2020 2021 2021 Cash & bank balances 1,342.70 1,500.44 1,809.09 Investments 2,752.61 2,852.20 2,848.23 - SLR investments 2,109.47 2,273.81 2,335.23 - Equity investment in subsidiaries2 97.57 75.91 75.91 Advances 6,990.17 7,649.37 8,139.92 Fixe
Slide 69: Equity investment in subsidiaries
Equity investment in subsidiaries (` billion) Dec 31, Sep 30, Dec 31, 2020 2021 2021 ICICI Prudential Life Insurance 32.75 32.75 32.75 ICICI Bank Canada 18.74 18.74 18.74 ICICI Bank UK 18.05 9.70 9.70 1 1 ICICI Lombard General Insurance 13.31 - - ICICI Home Finance 11.12 11.12 11.12 ICICI Securities
Slide 70: Portfolio composition
Portfolio composition Dec 31, 2020 Sep 30, 2021 Dec 31, 2021 Domestic 88.6% 90.5% 90.8% International 11.4% 9.5% 9.2% Total consolidated advances 7,577 8,240 8,746 (` billion) slide 14 69
Slide 71: Retail and business banking NPAs
Retail and business banking NPAs Dec 31, Sep 30, Dec 31, ` in billion 2020 2021 2021 (Proforma)1 Gross retail and business banking NPAs 144.09 173.88 135.94 - as a % of gross advances 3.11% 3.26% 2.43% Net retail and business banking NPAs 60.25 60.30 55.21 - as a % of net advances 1.31% 1.15% 1.00%
Slide 72: Sector-wise exposures
Sector-wise exposures Top 10 sectors1: % of total exposure Mar 31, Mar 31, Mar 31, Mar 31, Dec 31, of the Bank 2018 2019 2020 2021 2021 Retail finance2 32.1% 35.1% 37.1% 39.3% 42.1% Services – finance 7.0% 7.3% 8.4% 9.9% 9.1% Banks 8.4% 7.9% 6.4% 7.9% 6.8% Crude petroleum/refining & 5.6% 5.7% 5.9% 4
Slide 73: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Sep 30, Dec 31, 20211 20212 Total capital 18.07% 17.64% - Tier I 17.07% 16.65% - of which: CET 1 15.97% 15.59% - Tier II 1.00% 0.99% • Including profits for 9M-2022, CET1 ratio was 17.38%, Tier I ratio was 18.44% and total capital adequacy ratio was 19.43%
Slide 74: Insurance entities
Insurance entities ICICI Life (` billion) FY2021 Q3-2021 Q2-2022 Q3-2022 Annualised premium equivalent 64.62 16.66 19.77 19.29 - Of which: protection 10.46 2.57 2.81 3.06 Total premium 357.33 91.52 95.33 93.44 Assets under management 2,142.18 2,048.72 2,370.87 2,375.60 Expense ratio1 14.8% 15.1% 16.
Slide 75: ICICI Bank UK
ICICI Bank UK (USD million) FY2021 Q3-2021 Q2-2022 Q3-2022 Net interest income 50.9 13.0 10.2 9.8 Operating profit 25.9 6.0 4.1 2.1 Loans and advances 1,574.5 1,751.1 1,408.3 1,377.4 Deposits 1,957.5 2,114.1 1,758.8 1,598.4 - Retail term deposits 466.7 500.3 347.1 314.9 Capital adequacy ratio 28.3%
Slide 76: ICICI Bank UK
ICICI Bank UK1 Asset profile Liability profile 2 3 Total assets: USD 2.30 bn Total liabilities: USD 2.30 bn 1. At Dec 31, 2021 2. Includes cash & advances to banks and T Bills 3. Includes securities re-classified to loans & advances 75
Slide 77: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2021 Q3-2021 Q2-2022 Q3-2022 Net interest income 46.3 10.3 11.0 11.6 Operating profit 13.7 (8.1) 8.6 8.9 Loans and advances 5,086.7 5,249.9 4,970.8 4,997.9 - Residential mortgages 3,627.3 3,671.8 3,636.7 3,658.8 Deposits 2,716.4 2,822.3 2,706.7 2,793.0 Capital adequ
Slide 78: ICICI Bank Canada
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 5.99 bn Total liabilities: CAD 5.99 bn 1. At Dec 31, 2021 2. Includes cash & placements with banks and government securities 3. Insured mortgages include CAD 2,432.6 million at Dec 31, 2021 (Sep 30, 2021: CAD 2,457.1 million)
Slide 79: ICICI Home Finance
ICICI Home Finance1 (` billion) Sep 30, 2021 Dec 31, 2021 Loans and advances 137.06 139.78 Gross impaired loans (stage 3)2 10.92 12.13 Net impaired loans (stage 3) 8.31 9.28 Capital adequacy ratio 21.03% 20.57% • At Dec 31, 2021, loans to borrowers where resolution was implemented as per the framewo
Slide 80: Analyst call on January 22, 2022: opening remarks
Analyst call on January 22, 2022: 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 81: Mr. Bakhshi's opening remarks
Mr. Bakhshi’s opening remarks Good evening to all of you and welcome to the ICICI Bank Earnings Call to discuss the results for Q3 of FY2022. Joining us today on this call are Vishakha, Anup, Sandeep Batra, Rakesh and Anindya. We hope that you are safe and in good health. The Bank’s Ultra Frequency
Slide 82: Opening remarks: strategic framework and quarterly performance
on opportunities across client and segment ecosystems. Our cross- functional teams seek to tap into key customer and market segments, enabling 360-degree coverage of customers and increase in wallet share. We aim to steadily grow our business within our strategic framework and strengthen our franchi
Slide 83: Opening remarks: loan portfolio growth and digital
The retail loan portfolio grew by 18.6% year-on-year and 5.1% sequentially at December 31, 2021. Disbursements across various retail products increased or were at a similar level compared to the previous quarter. The business banking portfolio grew by 38.5% year-on-year and 8.8% sequentially at Dece
Slide 84: Opening remarks: corporate solutions and asset quality
offerings and platforms like InstaBIZ and Merchant Stack. Our solutions for corporates comprising our various modular platforms, and our extensive client coverage have supported the growth in our average current account deposits. Process decongestion across products and customer segments is a key el
Slide 85: Sixth - Maintaining a strong capital base
Sixth- Maintaining a strong capital base The capital position of the Bank continued to be strong with a CET-1 ratio of 17.64% at December 31, 2021, including profits for 9M of 2022. The Tier 1 ratio was 18.81% and the total capital adequacy ratio was 19.79% at December 31, 2021. Further, the market
Slide 86: Rakesh's opening remarks
Rakesh’s opening remarks Thank you, Sandeep. I will talk about balance sheet growth, credit quality, P&L details, growth in digital offerings, portfolio trends and performance of subsidiaries. A. Balance sheet growth Sandeep covered the loan growth across various segments. Coming to the growth acros
Slide 87: Funding side and credit quality
Coming to the funding side: average savings account deposits increased by 24.7% year-on-year and 5.2% sequentially. Average current account deposits increased by 33.7% year-on-year and 11.9% sequentially. This quarter the flows related to IPOs and capital markets were high and contributed to the ave
Slide 88: Write-offs and loans under resolution
Rupees from the corporate and SME portfolio. The gross NPAs written- off during the quarter were 40.88 billion Rupees. The Bank sold gross NPAs amounting to 1.05 billion Rupees in Q3 of 2022 on a cash basis. The non-fund based outstanding to borrowers classified as non- performing was 36.38 billion
Slide 89: Net interest margin and non-interest income
quarter compared to 4.00% in the previous quarter and 3.67% in Q3 of last year. The impact of interest on income tax refund on net interest margin was 6 bps in Q3 of this year compared to 1 bps in the previous quarter and 7 bps in Q3 of last year. The domestic NIM was at 4.06% this quarter compared
Slide 90: On costs
On Costs: The Bank’s operating expenses increased by 22.4% year-on- year in Q3 partially reflecting the slightly lower base of Q3 last year. The employee expenses increased by 27.4% year-on-year. The Bank had about 102,000 employees at December 31, 2021. The employee count has increased by about 9,9
Slide 91: Provisions and profit
loans under resolution on a prudent basis. There was no writeback of Covid-19 related provisions during the quarter. The provisioning coverage on NPAs continued to be robust at 79.9% as of December 31, 2021. In addition, we hold 24.36 billion Rupees of provisions on borrowers under resolution and Co
Slide 92: Digital offerings
transactions by non-ICICI Bank account holders grew by 73% sequentially in Q3 of 2022. The value of credit card spends in Q3-2022 was 2.2 times the value of credit card spends in Q3-2021 and grew by 27% sequentially. The value of financial transactions on InstaBIZ grew by about 68% year- on-year in
Slide 93: Portfolio information
initiative makes cross border trade hassle-free, quick and convenient, as it offers an array of services in one place. E. Portfolio information We have been growing our loan portfolio in a granular manner with a focus on risk and reward. Our retail portfolio has been built based on proprietary data
Slide 94: BB and below, builder and NBFC portfolio
billion Rupees on the BB and below portfolio compared to 9.60 billion Rupees at September 30, 2021. This includes provisions held against borrowers under resolution included in this portfolio. The builder portfolio including construction finance, lease rental discounting, term loans and working capi
Slide 95: Subsidiaries and key associates
F. Subsidiaries and key associates The details of the financial performance of subsidiaries and key associates is covered in slides 52 to 54 and slides 73 to 78 in the investor presentation. The new business premium of ICICI Life grew by 29.7% year-on-year to 102.48 billion Rupees in 9M this year. T
Slide 96: Subsidiaries: ICICI AMC, Securities, Canada, UK
The profit after tax of ICICI AMC was 3.34 billion Rupees in this quarter compared to 3.58 billion Rupees in Q3 of last year. The profit after tax of ICICI Securities, on a consolidated basis, increased by 42.3% year-on-year to 3.80 billion Rupees in this quarter from 2.67 billion Rupees in Q3 of la
Slide 97: Closing of opening remarks
With this, we conclude our opening remarks and we will now be happy to take your questions. 18