Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q1 FY2020 Earnings Presentation
72 slides from Icici Bank's earnings presentation, Jul 27, 2019
Slide 1: Cover letter to stock exchanges
1 nk July 27, 2019 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 Sandra (East) Mumbai 400 051 Dear Sir, Sub: Earnings call for quart
Slide 2: Q1-2020: Performance review
/CIC/Bank Q1-2020: Performance review July 27, 2019
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 Q1-2020
Key highlights for Q1-2020 Profit growth Healthy loan growth Robust deposit growth • 21.2% y-o-y growth in core • Domestic loan growth was • 20.8% y-o-y growth in total operating profit 17.9% y-o-y deposits at Jun 30, 2019 • NII grew by 26.8% y-o-y • Retail loan growth was • 12.3% y-o-y growth in 22
Slide 5: Strong operating performance
Strong operating performance 4
Slide 6: Profit & loss statement
Profit & loss statement FY2019 Q1-2019 Q4-2019 Q1-2020 Q1-o-Q1 (` billion) growth Net interest income1 270.15 61.02 76.20 77.37 26.8% Non-interest income 131.46 30.85 34.65 32.47 5.3% - Fee income 119.89 27.54 31.78 30.39 10.3% - Dividend income from subsidiaries 10.78 3.172 2.69 1.91 (39.7)% - Othe
Slide 7: Profit & loss statement
Profit & loss statement (` billion) FY2019 Q1-2019 Q4-2019 Q1-2020 Q1-o-Q1 growth Core operating profit 220.72 50.42 60.77 61.10 21.2% 1 Treasury income 13.66 7.661 1.56 1.79 (76.6)% Operating profit 234.38 58.08 62.33 62.89 8.3% Provisions 196.61 59.71 54.51 34.96 (41.5)% Profit before tax 37.77 (1
Slide 8: Key ratios
Key ratios Percent FY2019 Q1-2019 Q4-2019 Q1-2020 Net interest margin1 3.42 3.19 3.72 3.61 Cost to income 44.82 46.92 44.5 43.7 Provisions/core operating profit 89.1 118.4 89.7 57.2 Provisions/average advances3 3.67 4.74 3.92 2.40 Return on average assets3 0.39 - 0.43 0.81 Standalone return on equit
Slide 9: Balance sheet growth
Balance sheet growth 8
Slide 10: Robust deposit growth
Robust deposit growth (` billion) Jun 30, 2018 Mar 31, 2019 Jun 30, 2019 Y-o-Y % share at growth Jun 30, 2019 CASA 2,762.93 3,239.40 2,988.77 8.2% 45.2% - Current 766.89 962.69 804.01 4.8% 12.1% - Savings 1,996.04 2,276.71 2,184.76 9.5% 33.1% Term 2,705.85 3,289.80 3,618.55 33.7% 54.8% Total deposit
Slide 11: Healthy growth across loan portfolio
Healthy growth across loan portfolio (` billion) Jun 30, 2018 Mar 31, 2019 Jun 30, 2019 Y-o-Y % share at growth Jun 30, 2019 Advances 5,162.89 5,866.47 5,924.15 14.7% 100.0% - Domestic book 4,518.40 5,236.14 5,327.75 17.9% 89.9% - Retail 2,970.44 3,528.31 3,635.96 22.4% 61.4% - SME 239.16 306.09 295
Slide 12: Retail portfolio
Retail portfolio (` billion) Jun 30, Mar 31, Jun 30, Y-o-Y % share at 2018 2019 2019 growth Jun 30, 2019 Home loans 1,544.55 1,782.36 1,839.30 19.1% 50.6% Vehicle loans2 476.56 556.66 560.58 17.6% 15.4% Business banking 132.42 188.45 193.45 46.1% 5.3% Rural loans 427.35 499.60 500.33 17.1% 13.8% Per
Slide 13: Technology capabilities
Technology capabilities Growth in average monthly transaction volume 141% y-o-y 32% y-o-y 12% y-o-y Mobile banking Credit cards Debit cards Digital leadership iMobile named as India’s top mobile 63% market share by issuance banking app RFID tags (FASTags) The Forrester Banking Wave™ Digital adoption
Slide 14: Digital banking initiative
Digital banking initiative ‘InstaBIZ’ Comprehensive digital banking platform for MSMEs and self-employed customers • Over 115 products and services, digitally and secured, on the mobile app and web portal including – instant overdraft facility and business loans – bulk collection and payment of fund
Slide 15: Digital partnerships
Digital partnerships ICICI Bank’s first co-branded multi-currency travel card with Goibibo • Accepted across 200 countries and 46 million merchants globally, load the card with upto 15 currencies • Instantly convert money from one currency to another online and reload currency into the card using th
Slide 16: Improving asset quality trends
Improving asset quality trends 15
Slide 17: Reduction in net NPAs
Reduction in net NPAs (` billion) Jun 30, 2018 Mar 31, 2019 Jun 30, 2019 Gross NPAs1 534.65 462.92 457.63 Less: cumulative provisions1 292.95 327.15 339.06 Net NPAs1 241.70 135.77 118.57 Gross NPA ratio1 8.81% 6.70% 6.49% Net NPA ratio1 4.19% 2.06% 1.77% Provision coverage ratio2 54.1% 70.6% 74.0% P
Slide 18: Decline in Corporate and SME NPA additions
Decline in Corporate and SME NPA additions NPA movement1 (` billion) FY2019 Q1-2019 Q4-2019 Q1-2020 Opening gross NPA 540.63 540.63 515.91 462.92 Add: gross additions 110.39 40.36 35.47 27.79 - Retail 35.96 11.20 8.23 15.112 - Corporate and SME 74.43 29.16 27.24 12.68 Less: recoveries & upgrades 47.
Slide 19: Movement of NPA
Movement of NPA1 (` billion) Q1-2020 Gross additions 27.79 - Retail 15.11 - Corporate and SME 12.68 - BB and below portfolio of which: Devolvement of non-fund based o/s to existing NPAs 5.43 - Slippages from restructured loans 1.86 Other BB and below 4.34 - Others 1.05 1. Based on customer assets 18
Slide 20: Movement in Corporate and SME BB and below
Movement in Corporate and SME BB and below (` billion) 1,2,3,4 5 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. Includes cases downgraded from investment grade and classified as NPL during Q1-2020 19
Slide 21: Exposure to power sector
Exposure to power sector (` billion) Mar 31, Jun 30, Share at Jun 2019 2019 30, 2019 (%) Borrowers classified as NPA or part of BB and 114.05 111.79 29% below portfolio1 Other borrowers 259.86 279.26 71% Total 373.91 391.04 100% • Of the other borrowers aggregating ` 279.26 billion, excluding exposu
Slide 22: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Outstanding (` billion) Mar 31, 2019 Jun 30, 2019 NBFCs1 293.68 264.85 HFCs1 138.58 155.16 Builder portfolio (construction finance, lease rental 196.33 202.49 discounting, term loans and working capital loans) 1. Includes loans, investment and non-fund based outstan
Slide 23: Improving rating profile of overall loan book
Improving rating profile of overall loan book Rating category1,2 Mar 31, 2016 Mar 31, 2017 Mar 31, 2018 Mar 31, 2019 Jun 30, 2019 AA- and above 30.6% 37.2% 42.4% 45.1% 44.7% A+, A, A- 21.3% 19.0% 20.1% 22.0% 22.4% A- and above 51.9% 56.2% 62.5% 67.1% 67.1% BBB+,BBB, BBB- 27.8% 28.7% 27.5% 28.2% 29.2
Slide 24: Reduction in concentration risk
Reduction in concentration risk Details March March March 31, March 31, June 30, 31, 2016 31, 2017 2018 2019 2019 Exposure to top 20 13.3% 12.4% 12.5% 10.8% 11.4% borrowers1 as a % of total exposure Exposure to top 10 groups as 18.5% 16.8% 14.3% 13.6% 13.3% a % of total exposure • All top 20 borrowe
Slide 25: Capital
Capital 24
Slide 26: Strong capital position
Strong capital position March 31, 2019 June 30, 20192,3 (` billion) % (` billion) % Total capital 1,160.90 16.89% 1,170.75 16.19% - Tier I 1,037.16 15.09% 1,055.75 14.60% - of which: CET1 936.891 13.63% 955.08 13.21% - Tier II 123.741 1.80% 115.00 1.59% Risk weighted assets 6,873.75 7,229.24 - On ba
Slide 27: Subsidiaries
Subsidiaries 26
Slide 28: Profit after tax of subsidiaries
Profit after tax of subsidiaries Profit after tax (` billion) FY2019 Q1-2019 Q4-2019 Q1-2020 ICICI Prudential Life Insurance 11.41 2.82 2.61 2.85 ICICI Lombard General Insurance 10.49 2.89 2.28 3.10 ICICI Prudential Asset Management1 6.83 0.76 2.17 2.19 ICICI Securities (Consolidated)1 4.91 1.34 1.2
Slide 29: Insurance subsidiaries
Insurance subsidiaries ICICI Prudential Life Insurance • Protection annualised premium equivalent (APE) grew by 87.7% y-o-y to ` 2.14 billion in Q1-2020 • Share of protection in the new business mix based on APE increased from 8.2% in Q1-2019 to 14.6% in Q1-2020 • Value of New Business (VNB) grew by
Slide 30: Environmental and social initiatives
Environmental and social initiatives 29
Slide 31: Environmental and social initiatives (1/2)
Environmental and social initiatives (1/2) Creating a positive impact while building a sustainable business and Focus ensuring value creation for all stakeholders • Sound risk management practices underlying the business strategy of growing core operating profits • Committed to supporting environmen
Slide 32: Environmental and social initiatives (2/2)
Environmental and social initiatives (2/2) Environment Social • 7.2% of energy consumed generated • Increasing penetration of financial through renewable energy sources services in rural and unbanked • Continuous reduction in electricity areas; 50.0% of branches in rural consumption due to energy ef
Slide 33: Thank you
/CIC/Bank Thank you
Slide 34: Additional financial information
Additional financial information 33
Slide 35: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & margins FY2019 Q1-2019 Q4-2019 Q1-2020 (Percent)1 Yield on total interest-earning assets 8.03 7.69 8.45 8.40 - Yield on advances 8.96 8.71 9.29 9.36 Cost of funds 5.10 4.99 5.20 5.23 - Cost of deposits 4.87 4.81 5.00 5.08 Net interest margin 3.42 3.1
Slide 36: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2019 Q1-2019 Q4-2019 Q1-2020 (` billion) Retail 82.23 20.47 21.03 19.68 Wholesale (102.42) (36.75) (27.90) (5.06) Treasury 51.65 14.16 9.87 10.77 Others 6.31 0.49 4.82 2.54 Total 37.77 (1.63) 7.82 27.93 35
Slide 37: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2019 Q1-2019 Q4-2019 Q1-2020 Y-o-Y growth Net interest income 328.04 74.56 91.51 93.57 25.5% Non-interest income 593.25 124.36 172.81 135.03 8.6% - Fee income 143.63 34.17 36.96 36.97 8.2% - Premium income 420.94 80.29 130.29 92.67 15.4% - Other inc
Slide 38: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2019 Q1-2019 Q4-2019 Q1-2020 Y-o-Y growth Operating profit 278.70 67.26 74.20 77.67 15.5% Provisions 204.62 61.57 57.40 35.58 (42.2)% Profit before tax 74.08 5.69 16.80 42.09 - Tax 17.19 2.43 1.53 12.95 - Minority interest 14.35 3.21 3.57 4.00 24.6%
Slide 39: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2019 Q1-2019 Q4-2019 Q1-2020 Return on average networth1,2 3.8 - 4.1 8.7 Weighted average EPS2 6.6 - 7.4 15.7 Book value (`) 177 172 177 181 1. Based on quarterly average networth 38 2. Annualised for all interim periods
Slide 40: Balance sheet: liabilities
Balance sheet: liabilities (` billion) Jun 30, 2018 Mar 31, 2019 Jun 30, 2019 Net worth 1,053.42 1,083.68 1,104.00 - Equity capital 12.87 12.89 12.91 - Reserves 1,040.55 1,070.79 1,091.09 Deposits 5,468.78 6,529.20 6,607.32 - Savings 1,996.04 2,276.71 2,184.76 - Current 766.89 962.69 804.01 - Term 2
Slide 41: Composition of borrowings
Composition of borrowings (` billion) Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, 2018 2018 2018 2019 2019 Domestic 827.61 936.27 860.85 905.42 890.01 - Capital instruments 304.91 304.51 282.40 270.25 255.01 - Other borrowings 522.70 631.76 578.45 635.17 635.00 - Long term infrastructure bonds 194.97 19
Slide 42: Balance sheet: assets
Balance sheet: assets (` billion) Jun 30, 2018 Mar 31, 2019 Jun 30, 2019 Cash & bank balances 632.95 802.96 657.48 Investments 1,863.60 2,077.33 2,199.96 - SLR investments 1,337.82 1,479.10 1,533.75 - Equity investment in subsidiaries 98.03 98.03 98.03 Advances 5,162.89 5,866.47 5,924.15 Fixed & oth
Slide 43: Equity investment in subsidiaries
Equity investment in subsidiaries (` billion) Jun 30, 2018 Mar 31, 2019 Jun 30, 2019 ICICI Prudential Life Insurance 32.97 32.97 32.97 ICICI Bank Canada 18.74 18.74 18.74 ICICI Bank UK 18.05 18.05 18.05 ICICI Lombard General Insurance 13.49 13.49 13.49 ICICI Home Finance 11.12 11.12 11.12 ICICI Secu
Slide 44: Consolidated balance sheet
Consolidated balance sheet (` billion) Jun 30, 2018 Mar 31, 2019 Jun 30, 2019 Cash & bank balances 701.33 873.91 731.54 Investments 3,621.47 3,982.01 4,233.89 Advances 5,722.39 6,469.62 6,259.17 Fixed & other assets 942.71 1,062.40 1,010.12 Total assets 10,987.90 12,387.94 12,504.72 Net worth 1,107.
Slide 45: Retail NPAs
Retail NPAs Retail NPAs (` billion) Jun 30, 2018 Mar 31, 2019 Jun 30, 2019 Gross retail NPAs 53.44 60.22 69.73 - as a % of gross retail advances 1.78% 1.69% 1.90% Net retail NPAs 22.57 25.33 29.61 - as a % of net retail advances 0.76% 0.72% 0.81% 44
Slide 46: Corporate and SME: BB and below
Corporate and SME: BB and below (` billion) March 31, June 30, 2019 2019 BB and below outstanding1,2,3,4,5 175.25 153.55 - Gross restructured loans 3.49 1.51 - Non-fund o/s to restructured loans 2.15 0.91 - Non-fund o/s to non-performing loans 42.206 36.276 - Other borrowers with o/s greater than `
Slide 47: Portfolio composition over the years
Portfolio composition over the years % of total advances Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, 2016 2017 2018 2019 2019 Retail 46.6% 51.8% 56.6% 60.2% 61.4% SME 4.3% 4.8% 5.0% 5.2% 4.9% Domestic corporate 27.5% 27.3% 25.8% 23.9% 23.6% International1 21.6% 16.1% 12.6% 10.7% 10.1% Total advances (`
Slide 48: Sector-wise exposures
Sector-wise exposures Top 10 sectors1: % of total Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, exposure of the Bank 2016 2017 2018 2019 2019 Retail finance 27.1% 31.9% 34.2% 37.3% 38.5% Services – finance 4.9% 6.2% 7.0% 7.3% 7.2% Banks 8.0% 6.0% 8.4% 7.9% 7.1% Electronics & engineering 7.3% 6.9% 6.7% 6.6
Slide 49: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) March 31, 2019 June 30, 20191 Total capital 16.47% 15.87% - Tier I 14.73%2 14.27% - Tier II 1.74%2 1.60% 1. As per Basel III guidelines, includes profit for Q1-2020 2. In Q4-2019, ` 12.69 billion transferred from CET-1 capital to the investment fluctuation
Slide 50: Extensive franchise
Extensive franchise Branches At Mar 31, At Mar 31, At Mar 31, At Jun 30, % share at 2017 2018 2019 2019 Jun 30, 2019 Metro 1,440 1,443 1,438 1,444 30% Urban 990 991 991 992 20% Semi urban 1,444 1,449 1,453 1,453 30% Rural 976 984 992 993 20% Total branches 4,850 4,867 4,874 4,882 100% Total ATMs 13,
Slide 51: Insurance subsidiaries
Insurance subsidiaries ICICI Life (` billion) FY2019 Q1-2019 Q4-2019 Q1-2020 Annualised premium equivalent 77.99 13.96 24.57 14.70 - Of which: protection 7.22 1.14 2.61 2.14 Total premium 309.30 55.18 101.64 63.29 Assets under management 1,604.10 1,426.63 1,604.10 1,640.24 Expense ratio1 15.0% 17.5%
Slide 52: ICICI Bank UK
ICICI Bank UK (USD million) FY2019 Q1-2019 Q4-2019 Q1-2020 Net interest income 70.5 16.7 19.9 17.0 Loans and advances 2,442.5 2,348.6 2,442.5 2,342.0 Deposits 2,140.8 1,768.5 2,140.8 2,241.7 - Retail term deposits 677.1 280.6 677.1 729.1 Capital adequacy ratio 16.8% 16.4% 16.8% 17.7% - Tier I 12.9%
Slide 53: ICICI Bank UK
ICICI Bank UK1 Asset profile Liability profile Total assets: USD 4.1 bn Total liabilities: USD 4.1 bn 1. At June 30, 2019 2. Includes cash & advances to banks, T Bills and reverse repo 3. Includes securities re-classified to loans & advances 52
Slide 54: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2019 Q1-2019 Q4-2019 Q1-2020 Net interest income 91.4 21.4 22.9 23.1 Loans and advances 5,771.6 5,727.0 5,771.6 5,707.2 - Residential mortgages 3,546.6 3,409.1 3,546.6 3,560.7 Deposits 3,195.0 3,092.4 3,195.0 3,000.7 Capital adequacy ratio 17.1% 17.6% 17.1% 18.4% -
Slide 55: ICICI Bank Canada
ICICI Bank Canada1 Asset profile Liability profile Total assets: CAD 6.3 bn Total liabilities: CAD 6.3 bn 1. At June 30, 2019 2. Includes cash & placements with banks and government securities 3. Insured mortgages include CAD 2,728.9 million of securitised mortgages 4. As per IFRS, proceeds of CAD 2
Slide 56: ICICI Home Finance
ICICI Home Finance1 (` billion) March 31, 2019 June 30, 2019 Loans and advances 133.33 141.71 Gross impaired loans (stage 3)2 7.44 7.65 Net impaired loans (stage 3) 4.46 4.57 Capital adequacy ratio3 17.98% 16.08% 1. As per Ind AS 2. Includes commercial real estate loans of ` 4.72 billion at June 30,
Slide 57: Analyst call on July 27, 2019: opening remarks
Analyst call on July 27, 2019: 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 securities l
Slide 58: 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 Q1-2020 results. Joining us today on this call are our Executive Directors – Vishakha and Anup; Executive Director Designate – Sandeep Batra; Group Chief Financial Officer – Rakesh and
Slide 59: Digital initiatives and credit cost outlook
The Bank continued its digital initiatives with the launch of ‘Instabiz’, designed specially for MSMEs and self-employed customers, to enable them to undertake their business banking transactions digitally. Customers can avail as many as over 115 products and services in a digital and secure manner
Slide 60: Loan growth focus and wholesale banking
As we have mentioned in the past, we are not targeting any particular level of loan growth. Our focus is on growing the core operating profit in a risk calibrated manner. We are seeking to improve our share of profitable market opportunities by making our delivery to the customer more seamless and f
Slide 61: Small business and home loan portfolio
The introduction of the Goods & Services Tax has given an impetus to formalization and the ability to assess credit in this segment. We are expanding our digital offerings for small business customers. The home loan portfolio comprising mortgages and loan against property accounts for about 50% of o
Slide 62: Retail credit approach and return on equity
overall credit behaviour. These include models to identify and exclude customers who can potentially get over-leveraged. Based on portfolio analytics, we implement necessary mitigants such as revising target income segments and calibrating sourcing from identified segments or locations. The credit q
Slide 63: 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 Q1 of 2020. A. P&L Details Net interest income increased by 26.8% to 77.37 billion Rupees, driven by both loan growth and an increase in
Slide 64: Non-interest income
Total non-interest income was 34.26 billion Rupees in Q1 of 2020 compared to 38.51 billion Rupees in Q1 of 2019. Fee income grew by 10.3% year-on-year to 30.39 billion Rupees in Q1 of 2020. Retail fee income grew by 6.6% year-on-year and constituted about 72% of overall fees in Q1 of 2020. The low
Slide 65: Expenses, provisions and growth
year. In addition to the annual increment in salaries and increase in number of employees this reflects the lower provisions on retirals in Q1 of 2019 due to increase in yields. Excluding the impact of the interest rate movement on retirals, growth in employee expenses would have been lower at 17.7%
Slide 66: Corporate, SME and overseas loan growth
Excluding net NPAs and restructured loans at June 30, 2019, growth in the domestic corporate portfolio was about 13.2% year-on-year. The total SME portfolio grew by 23.5% year-on-year at June 30, 2019. It now comprises 4.9% of the loan portfolio. The net advances of the overseas branches decreased b
Slide 67: Deposits and credit quality
growing retail term deposits and our CASA deposits in absolute terms. Our endeavour would be to maintain a healthy and stable funding profile and our competitive advantage in cost of funds. During the quarter, the peak interest rate on term deposits was reduced by 20 basis points to 7.3%. C. Credit
Slide 68: Recoveries, write-offs and BB and below
The recoveries and upgrades were 9.31 billion Rupees in Q1 of 2020. The Bank sold gross NPAs aggregating 1.77 billion Rupees for cash during Q1 of 2020. The gross NPAs written-off during the quarter aggregated to 22.00 billion Rupees. The net non-performing assets were 118.57 billion Rupees at June
Slide 69: Rating movements and NBFC exposure
There were rating upgrades to the investment grade categories and a net decrease in outstanding of 16.18 billion Rupees. Upgrades include one account in the iron & steel sector. The rating downgrades from investment grade categories were 7.16 billion Rupees. The downgrades from investment grade
Slide 70: Subsidiaries
D. Subsidiaries The details of the financial performance of subsidiaries is covered in slides 27 to 28 and 50 to 55 in the investor presentation. I will briefly talk about the major highlights. The financials of ICICI Securities, ICICI Securities Primary Dealership, ICICI AMC and ICICI HFC have been
Slide 71: Subsidiary profits and consolidated PAT
The profit after tax of ICICI Securities, on a consolidated basis, was 1.14 billion Rupees in Q1 of 2020 compared to 1.34 billion Rupees in Q1 of 2019. ICICI Bank Canada had a profit after tax of 11.8 million Canadian dollars in Q1 of 2020 compared to 14.0 million Canadian dollars in Q1 of 2019. ICI
Slide 72: Capital adequacy and closing remarks
1 capital adequacy ratio was 14.27% and the total capital adequacy ratio was 15.87%. As per RBI guidelines, from April 1, 2019 onwards, the unrated exposure of borrowers having banking system exposure greater than 200 crore Rupees is to be risk-weighted at 150% compared to 100% earlier. This has res