Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q2 FY2022 Earnings Presentation
77 slides from Icici Bank's earnings presentation, Oct 23, 2021
Slide 1: Exchange filing cover letter
October 23, 2021 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: Q2-2022: Performance review
Q2-2022: Performance review October 23, 2021
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 Q2-2022
Highlights for Q2-2022 3
Slide 5: Key highlights for Q2-2022 (1/2)
Key highlights for Q2-2022 (1/2) • 23.3% y-o-y growth in core operating profit1 to ` 95.18 billion Deposit growth • Average current account deposits increased by 35.7% y-o-y in Q2-2022 • Average savings account deposits increased by 24.9% y-o-y in Q2-2022 • Total deposits increased by 17.3% y-o-y at
Slide 6: Key highlights for Q2-2022 (2/2)
Key highlights for Q2-2022 (2/2) Asset quality • Net NPA ratio declined from 1.16% at Jun 30, 2021 to 0.99% at Sep 30, 2021 • Net additions to gross NPAs of ` 0.96 bn (Q1-2022: ` 36.04 bn) • Total provisions of ` 27.14 bn in Q2-2022 (1.44% of average loans, 28.5% of core operating profit) • Provisio
Slide 7: Operating performance
Operating performance 6
Slide 8: P&L trends: Q2-2022
P&L trends: Q2-2022 Net interest income (NII) Net interest margin (%) 4.00 in Q2-2022 Growth of 24.8% y-o-y to ` 116.90 billon (Q1-2022: 3.89, Q2-2021: 3.57) Fee income Operating expenses Growth of 21.4% y-o-y to ` 38.11 billon Growth of 28.0% y-o-y to ` 65.72 billon Core operating profit to average
Slide 9: Profit & loss statement
Profit & loss statement (` billion) FY2021 Q2- H1- Q1- Q2- H1- Q2-o-Q2 2021 2021 2022 2022 2022 (%) Net interest income1 389.89 93.66 186.46 109.36 116.90 226.26 24.8% Non-interest income 139.23 34.86 58.66 37.06 44.00 81.06 26.2% - Fee income 126.59 31.39 52.43 32.19 38.11 70.30 21.4% - Dividend in
Slide 10: Profit & loss statement
Profit & loss statement (` billion) FY2021 Q2-2021 H1-2021 Q1-2022 Q2-2022 H1-2022 Q2-o-Q2 (%) Core operating profit 313.51 77.19 147.33 86.05 95.18 181.23 23.3% 1 Treasury income 50.461 5.421 43.05 2.90 3.97 6.86 (26.8)% Operating profit 363.97 82.61 190.38 88.95 99.15 188.09 20.0% Net provisions 1
Slide 11: Key ratios
Key ratios Percent FY Q2- H1- Q1- Q2- H1- 2021 2021 2021 2022 2022 2022 Net interest margin1,5 3.69 3.57 3.63 3.89 4.00 3.94 Cost of deposits5 4.12 4.22 4.32 3.65 3.53 3.59 Cost-to-income 39.72 39.22 38.42 40.4 39.9 40.1 Provisions/core operating profit 36.63,4 38.8 34.23 33.14 28.5 30.7 Provisions/
Slide 12: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2021 Q2-2021 H1-2021 Q1-2022 Q2-2022 H1-2022 (` billion) Retail 77.40 30.12 57.71 3.89 26.06 29.95 Wholesale 58.20 6.84 17.00 19.09 18.76 37.85 Treasury 110.80 20.16 69.04 26.15 26.43 52.58 Others 2.93 0.51 1.20 0.80 0.76 1.56 Unallocated1 (47.50)
Slide 13: Balance sheet growth
Balance sheet growth 12
Slide 14: Deposits
Deposits (` billion) Sep 30, Jun 30, Sep 30, Y-o-Y % share at 2020 2021 2021 growth Sep 30, 2021 CASA 3,645.80 4,251.01 4,507.03 23.6% 46.1% - Current 1,075.17 1,184.92 1,321.47 22.9% 13.5% - Savings 2,570.63 3,066.09 3,185.57 23.9% 32.6% Term 4,683.56 5,011.22 5,267.45 12.5% 53.9% Total deposits 8,
Slide 15: Loan portfolio
Loan portfolio (` billion) Sep 30, Jun 30, Sep 30, Y-o-Y % share at 2020 2021 2021 growth Sep 30, 20214 Retail 3,984.33 4,551.92 4,780.25 20.0% 62.1% Business banking 311.48 396.76 445.67 43.1% 5.8% SME1 233.41 297.78 331.40 42.0% 4.3% Domestic corporate and 1,573.57 1,768.53 1,755.04 11.5% 22.8% ot
Slide 16: Retail portfolio
Retail portfolio (` billion) Sep 30, Jun 30, Sep 30, Y-o-Y % share at Sep 2020 2021 2021 growth 30, 2021 Mortgages 2,117.34 2,493.87 2,646.95 25.0% 55.3% Vehicle loans 597.87 624.82 636.19 6.4% 13.3% - Auto finance 322.77 360.53 374.80 16.1% 7.8% - Commercial vehicle and 261.52 251.56 248.43 (5.0)%
Slide 17: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Sep 30, 2021: USD 3.83 billion The overseas non-India linked corporate portfolio reduced by 56.9% year-on-year or about USD 1.08 billion and 15.9% sequentially or about USD 154 million at September 30, 2021 Progressively exiting exposures that are
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 Launched for non-ICICI Bank customers since Dec 2020 ~4 mn activations from non- ICICI Bank account holders Open savings Tap to Pay a/c 13x in average daily volume1; Bill pay & Scan to pay recharges 3x in value of transactions1 ₹ Open architecture Mobile
Slide 21: New features on iMobile Pay
New features on iMobile Pay Pay any bank’s credit card dues on Tap to Pay1 using iMobile Pay iMobile Pay Launched in August 2021 Launched in July 2021 • Contactless payment facility to make credit and • Link any bank’s credit card instantaneously debit card payments on POS terminals in a safe • Enab
Slide 22: InstaBIZ: 250+ business banking services
InstaBIZ: 250+ business banking services Digital sourcing Overdraft facility for current Express Bill Pay on PAYMENTS payments Scan n Pay BBPS account customers (by count) Pre-approved CREDIT FD OD Loan tracker offers © GlobalLinker. All rights reserved MERCHANT Dedicated Digital Instant SERVICES on
Slide 23: Supply chain platforms driving growth
Supply chain platforms driving growth Increasing value of limits setup 4.7x y-o-y and outstanding book Increasing value 3.4x y-o-y of throughput 4.5x y-o-y Digital penetration in dealers Algorithm driven Onboarded ~ 200 API based transaction supply chain solutions corporates in the country 22
Slide 24: Digital platforms and solutions for treasury products
Digital platforms and solutions for treasury products >75% digital Volume on Forex Sovereign Gold Bonds: Market onboarding on the Move: share3 up from 7.8% in FY2021 to ~50%2 in H1-2022 8.9% in H1-2022 1. Since its launch in June 2020 2. Over H2-2021 3. Source: RBI 23
Slide 25: Growing corporate ecosystems…
Growing corporate ecosystems… Digital onboarding Digital transaction ICICI STACK for corporates Innovation Digitizing customer journey Deploying future ready Delivering value through Developing industry first across transaction banking, platforms across web & customized industry solutions solutions
Slide 26: Digital solution for merchant ecosystem
Digital solution for merchant ecosystem • Super Merchant account: Zero balance, swipe based benefits • Instant account opening & acquiring • Digital POS solutions through Eazypay (POS, UPI, Cards, etc.) • PG: Eazypay Pro , POS: Eazypay Platinum • Connected banking: integrate business & banking Insta
Slide 27: New initiatives for merchant ecosystems
New initiatives for merchant ecosystems GeM SAHAY (OCEN API) Overdraft for Amazon sellers Purchase Order (PO) Financing POS / Seller Bureau Profile transaction Product • Collateral free loan upto ` 1.5 million • Short tenure loan upto 90 days Overdraft with bullet repayments Bank Assessment basis GS
Slide 28: Digital sourcing for retail products in H1-2022
Digital sourcing for retail products in H1-2022 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) ~ 40% of asset and liability accounts were opened through di
Slide 29: Seamless payment features driving growth on iMobile Pay
Seamless payment features driving growth on iMobile Pay UPI -iMobile Pay Number of transactions 3.3x Y-o-Y Pay to contact Scan to Pay Number of transactions Number of transactions 2.8x 3.6x Y-o-Y increase1 1. Sep 2021 over Jun 2021 28
Slide 30: Digital payments: credit and debit cards
Digital payments: credit and debit cards Debit card spends Credit card spends 2.3x y-o-y and 1.5x q-o-q 1.3x 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 pla
Slide 31: Digital payments
Digital payments UPI: P2M1 transactions Electronic toll collections Value: 2.2x y-o-y; Volume: 1.5x y-o-y 62.8% y-o-y Market share by volume was 15% in Market share by value was 37% in September 2021; ranked 3rd in the industry Q2-2022; ranked 1st in the industry 1. Payments to merchants 30
Slide 32: Asset quality trends
Asset quality trends 31
Slide 33: NPA trends
NPA trends (` billion) Sep 30, 20202 Jun 30, Sep 30, (proforma) 2021 2021 Gross NPAs1 403.99 431.48 414.37 Less: cumulative provisions 322.98 338.42 332.76 Net NPAs1 81.01 93.06 81.61 Gross NPA ratio1 5.36% 5.15% 4.82% Net NPA ratio1 1.12% 1.16% 0.99% Provision coverage ratio 79.9% 78.2% 80.1% Non-f
Slide 34: NPA movement
NPA movement1 ` in billion FY2021 Q2-20215 Q1-2022 Q2-2022 Opening gross NPA 414.09 403.86 413.73 431.48 Add: gross additions (1) 161.23 44.273 72.31 55.78 - Retail and business banking 128.25 31.26 67.732 46.24 - Corporate and SME 32.98 13.01 4.58 9.54 Less: recoveries, upgrades and others (2) 64.6
Slide 35: Resolution under RBI frameworks
Resolution under RBI frameworks • Outstanding to all borrowers where resolution was implemented as per Covid- 19 framework 2.0 was ` 41.58 billion • Outstanding to borrowers where resolution was implemented as per Covid-19 framework 1.0 and later modified as per Covid-19 framework 2.0 was ` 1.18 bil
Slide 36: Standard asset and other provisions
Standard asset and other provisions (` billion) Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, 2020 2020 2021 2021 2021 Covid-19 related contingency 4.971 35.091 - - - provisions Covid-19 related other provisions 82.75 64.75 74.75 64.25 64.25 Provision on non-fund based o/s to 14.37 13.97 14.92 16.55 17.71
Slide 37: Loan portfolio information
Loan portfolio information 36
Slide 38: Diversified and granular loan book
Diversified and granular loan book Breakup of loan portfolio1 at Sep 30, 2021 62.1% 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 39: Rating-wise non-retail loan book
Rating-wise non-retail loan book Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Rating category1 2018 2019 2020 2021 2021 2021 AA- and above 21.2% 25.3% 27.3% 35.3% 35.3% 36.3% A+, A, A- 25.1% 32.5% 36.9% 33.7% 33.8% 34.4% A- and above 46.3% 57.7% 64.2% 69.1% 69.1% 70.7% BBB+,BBB, BBB- 34.5% 33.4%
Slide 40: Corporate and SME: BB and below
Corporate and SME: BB and below ` billion Sep 30, Jun 30, Sep 30, 2020 2021 2021 BB and below outstanding1 119.29 139.75 127.14 - Fund and non-fund o/s to restructured loans 2.08 32.69 32.42 - Borrowers under flexible structuring and S4A2 12.35 8.13 7.67 - Other borrowers with o/s greater than ` 1.0
Slide 41: Movement in Corporate & SME BB and below: Q2-2022
Movement in Corporate & SME BB and below: Q2-2022 (` 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 40
Slide 42: Mortgage portfolio
Mortgage portfolio Total mortgage portfolio includes home loans ~71%, top-up loans given to existing home loan customers 6%, office premises loans ~5% and loan against property ~18% Home loans are geographically well diversified, built on fundamental premises of cashflow assessment of underlying bor
Slide 43: Vehicle loans
Vehicle loans Auto finance Commercial business Auto loan comprises 86% new vehicles Disbursements have increased and 14% used vehicles sequentially, still below Q4-2021 Disbursements have increased levels sequentially and close to Q4-2021 levels Launched CB Mobility App, an on the driven by gradual
Slide 44: 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 close to Q4-2021 levels loans are negligible Credit ca
Slide 45: 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 Focus on parameterised and programme based lending, granularity, collateral and robust monitoring; well diversified portfolio across sectors and
Slide 46: Exposure to power sector
Exposure to power sector (` billion) Sep 30, Jun 30, Sep 30, Share at Sep 2020 2021 2021 30, 2021 (%) Borrowers classified as NPA/proforma NPA 86.43 80.59 77.11 19.1% or part of BB and below portfolio1 Other borrowers 248.89 305.26 326.04 80.9% Total 335.32 385.85 403.15 100.0% • Of the other borrow
Slide 47: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Outstanding (` billion) Sep 30, Jun 30, Sep 30, 2020 2021 2021 NBFCs1 363.35 503.97 508.40 HFCs1 137.96 89.70 96.71 Builder portfolio (construction finance, lease rental 231.86 230.05 228.14 discounting, term loans and working capital loans) • Proportion of the NBFC
Slide 48: Reduction in concentration risk
Reduction in concentration risk Details Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, 2018 2019 2020 2021 2021 Exposure to top 20 12.5% 10.8% 11.0% 12.1% 10.5% borrowers1 as a % of total exposure Exposure to top 10 groups as 14.3% 13.6% 12.1% 11.6% 11.2% a % of total exposure • Hard limit on borrower grou
Slide 49: Capital
Capital 48
Slide 50: Strong capital position
Strong capital position Jun 30, 20211 Sep 30, 20212 (` billion) % (` billion) % Total capital 1,503.00 18.71% 1,528.82 18.33% - Tier I 1420.51 17.68% 1,446.01 17.34% - of which: CET1 1,321.89 16.45% 1,346.40 16.15% - Tier II 82.49 1.03% 82.81 0.99% Risk weighted assets 8,036.26 8,337.83 - On balance
Slide 51: Group companies
Group companies 50
Slide 52: Profit after tax of key subsidiaries and associates
Profit after tax of key subsidiaries and associates Profit after tax (` billion) FY2021 Q2-2021 Q1-2022 Q2-2022 ICICI Prudential Life Insurance 9.60 3.03 (1.86) 4.45 ICICI Lombard General Insurance3 14.73 4.16 1.94 4.46 ICICI Prudential Asset Management1 12.45 2.82 3.80 3.83 ICICI Securities (Consol
Slide 53: Key domestic insurance entities
Key domestic insurance entities ICICI Prudential Life Insurance • New business premium grew by 45.0% y-o-y to ` 64.61 billion in H1-2022 • Value of new business (VNB) grew by 45.0% y-o-y to ` 8.73 billion in H1-2022; VNB margins increased from 25.1% in FY2021 to 27.3% in H1-2022 • Annuity new busine
Slide 54: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 53
Slide 55: ESG at ICICI Bank
ESG at ICICI Bank Environment Social Governance The Bank is committed to conduct Efforts of the Bank along with Being responsible and its business responsibly and ICICI Foundation to fight Covid- transparent in the business, promote sustainable environmental 19 continue across the country continuous
Slide 56: Thank you
ICICI Bank Thank you
Slide 57: Additional financial information
Additional financial information 56
Slide 58: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2021 Q2-2021 H1-2021 Q1-2022 Q2-2022 H1-2022 margins (Percent)1 Yield on total interest-earning 7.49 7.47 7.70 7.25 7.26 7.25 assets2 - Yield on advances 8.76 8.88 9.09 8.26 8.34 8.30 Cost of funds 4.25 4.35 4.48 3.82 3.71 3.76 - Cost of deposits 4
Slide 59: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2021 Q2-2021 H1-2021 Q1- Q2-2022 H1-2022 Q2-o-Q2 20223 growth Net interest income 465.04 112.81 223.57 125.47 133.86 259.33 18.7% Non-interest income 720.30 170.63 325.57 127.38 160.05 287.43 (6.4)% - Fee income 161.95 39.96 68.69 43.40 49.83 93.23
Slide 60: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2021 Q2-2021 H1- Q1- Q2- H1- Q2-o-Q2 2021 20221 2022 2022 growth Operating profit 422.62 98.90 221.60 94.14 111.24 205.38 12.1% Covid-19 related provisions2 47.50 4.97 60.47 (10.50) - (10.50) - Other provisions 116.28 25.53 47.08 40.21 27.74 67.95 8
Slide 61: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2021 Q2-2021 H1-2021 Q1-20222 Q2-2022 H1-2022 Return on equity1 13.0 14.2 12.1 11.9 14.6 13.3 Weighted average EPS1 (`) 27.3 28.9 24.2 27.5 34.87 31.25 Book value (`) 228 212 212 235 243 243 slide 10 1. Annualised for all interim periods 2. In accordance with the
Slide 62: Balance sheet: liabilities
Balance sheet: liabilities (` billion) Sep 30, 2020 Jun 30, 2021 Sep 30, 2021 Net worth 1,376.52 1,523.76 1,567.84 - Equity capital 13.79 13.85 13.87 - Reserves 1,362.73 1,509.91 1,553.97 Deposits 8,329.36 9,262.24 9,774.49 - Current 1,075.17 1,184.92 1,321.47 - Savings 2,570.63 3,066.09 3,185.57 -
Slide 63: Composition of borrowings
Composition of borrowings (` billion) Sep 30, Jun 30, Sep 30, 2020 2021 2021 Domestic 975.83 611.73 598.47 - Capital instruments 193.39 172.57 172.84 - Other borrowings 782.44 439.16 425.63 - Long term infrastructure bonds 194.97 221.39 223.14 Overseas borrowings1 388.43 279.58 231.42 Total borrowin
Slide 64: Consolidated balance sheet
Consolidated balance sheet (` billion) Sep 30, 2020 Jun 30, 20211 Sep 30, 2021 Cash & bank balances 1,480.10 1,204.80 1,635.57 Investments 5,116.18 5,300.56 5,328.48 Advances 7,133.59 7,984.99 8,239.62 Fixed & other assets 1,030.27 876.96 836.86 Total assets 14,760.14 15,367.31 16,040.53 Net worth 1
Slide 65: Extensive franchise
Extensive franchise Branches Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, % share at 2018 2019 2020 2021 2021 Sep 30, 2021 Metro 1,443 1,438 1,585 1,542 1,549 29% Urban 991 991 1,067 1,063 1,062 20% Semi urban 1,449 1,453 1,546 1,537 1,540 29% Rural 984 992 1,126 1,124 1,126 21% Total branches 4,867 4,87
Slide 66: Balance sheet: assets
Balance sheet: assets (` billion) Sep 30, Jun 30, Sep 30, 2020 2021 2021 Cash & bank balances 1,365.92 1,058.64 1,500.44 Investments 2,896.23 2,948.49 2,852.20 - SLR investments 2,275.88 2,278.28 2,273.81 - Equity investment in subsidiaries 97.60 97.57 89.22 Advances 6,526.08 7,385.98 7,649.37 Fixed
Slide 67: Equity investment in key subsidiaries and associates
Equity investment in key subsidiaries and associates (` billion) Sep 30, Jun 30, Sep 30, 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 18.05 9.70 ICICI Lombard General Insurance 13.31 13.31 13.31 ICICI Home Finance 11.12 11.1
Slide 68: Portfolio composition
Portfolio composition Sep 30, 2020 Jun 30, 2021 Sep 30, 2021 Domestic 87.8% 89.7% 90.5% International 12.2% 10.3% 9.5% Total consolidated advances 7,134 7,985 8,240 (` billion) slide 14 67
Slide 69: Retail and business banking NPAs
Retail and business banking NPAs Sep 30, Jun 30, Sep 30, ` in billion 2020 2021 2021 (Proforma)1 Gross retail and business banking NPAs 106.40 189.90 173.88 - as a % of gross advances 2.44% 3.75% 3.26% Net retail and business banking NPAs 42.58 71.51 60.30 - as a % of net advances 0.99% 1.45% 1.15%
Slide 70: Sector-wise exposures
Sector-wise exposures Top 10 sectors1: % of total exposure Mar 31, Mar 31, Mar 31, Mar 31, Sep 30, of the Bank 2018 2019 2020 2021 2021 Retail finance2 32.1% 35.1% 37.1% 39.3% 42.0% Services – finance 7.0% 7.3% 8.4% 9.9% 8.5% Banks 8.4% 7.9% 6.4% 7.9% 7.3% Crude petroleum/refining & 5.6% 5.7% 5.9% 4
Slide 71: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Jun 30, Sep 30, 20211 20212 Total capital 18.43% 18.07% - Tier I 17.40% 17.07% - of which: CET 1 16.29% 15.97% - Tier II 1.03% 1.00% • Including profits for H1-2022, CET1 ratio was 17.11%, Tier I ratio was 18.21% and total capital adequacy ratio was 19.21%
Slide 72: Key domestic insurance entities
Key domestic insurance entities ICICI Life (` billion) FY2021 Q2-2021 Q1-2022 Q2-2022 Annualised premium equivalent 64.62 14.65 12.19 19.77 - Of which: protection 10.46 2.32 2.70 2.81 Total premium 357.33 87.33 68.70 95.33 Assets under management 2,142.18 1,814.92 2,231.71 2,370.87 Expense ratio1 14
Slide 73: ICICI Bank UK
ICICI Bank UK (USD million) FY2021 Q2-2021 Q1-2022 Q2-2022 Net interest income 50.9 12.9 10.5 10.2 Operating profit 25.9 8.3 3.8 4.1 Loans and advances 1,574.5 1,980.6 1,544.1 1,408.3 Deposits 1,957.5 2,126.0 1,873.7 1,758.8 - Retail term deposits 466.7 538.0 428.6 347.1 Capital adequacy ratio 28.3%
Slide 74: ICICI Bank UK
ICICI Bank UK1 Asset profile Liability profile 2 3 Total assets: USD 2.47 bn Total liabilities: USD 2.47 bn 1. At Sep 30, 2021 2. Includes cash & advances to banks and T Bills 3. Includes securities re-classified to loans & advances 73
Slide 75: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2021 Q2-2021 Q1-2022 Q2-2022 Net interest income 46.3 11.8 9.9 11.0 Operating profit 13.7 7.3 8.6 8.6 Loans and advances 5,086.7 5,451.8 5,018.9 4,970.8 - Residential mortgages 3,627.3 3,689.9 3,619.4 3,636.7 Deposits 2,716.4 2,889.3 2,783.6 2,706.7 Capital adequacy
Slide 76: ICICI Bank Canada
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 5.85 bn Total liabilities: CAD 5.85 bn 1. At Sep 30, 2021 2. Includes cash & placements with banks and government securities 3. Insured mortgages include CAD 2,457.1 million at Sep 30, 2021 (Jun 30, 2021: CAD 2,462.07 million
Slide 77: ICICI Home Finance
ICICI Home Finance1 (` billion) Jun 30, 2021 Sep 30, 2021 Loans and advances 133.06 137.06 Gross impaired loans (stage 3)2 11.83 10.92 Net impaired loans (stage 3) 9.17 8.31 Capital adequacy ratio 20.05% 21.03% • At Sep 30, 2021, loans to borrowers where resolution was implemented as per the framewo