Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q1 FY2023 Earnings Presentation
93 slides from Icici Bank's earnings presentation, Jul 23, 2022
Slide 1: Exchange filing cover letter
July 23, 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 Madam/Sir, Sub: Earnings call for quarte
Slide 2: Q1-2023: Performance review
Q1-2023: Performance review July 23, 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 Q1-2023
Highlights for Q1-2023 3
Slide 5: Key highlights for Q1-2023 (1/2)
Key highlights for Q1-2023 (1/2) Core • Growth of 19.4% y-o-y to ` 102.73 bn operating • Excluding dividend income from subsidiaries, core operating profit grew by profit1 21.1% y-o-y • Average current account deposits increased by 23.0% y-o-y and 2.9% sequentially in Q1-2023 Deposits • Average savi
Slide 6: Key highlights for Q1-2023 (2/2)
Key highlights for Q1-2023 (2/2) • Net NPA ratio declined to 0.70% at Jun 30, 2022 from 0.76% at Mar 31, 2022 and 1.16% at June 30, 2021 • Net additions of ` 3.82 bn to gross NPAs in Q1-2023 (Q4-2022: net deletions Asset of ` 4.89 bn) quality • Total provisions of ` 11.44 bn in Q1-2023 (0.53% of ave
Slide 7: Operating performance
Operating performance 6
Slide 8: P&L trends: Q1-2023
P&L trends: Q1-2023 Net interest margin (%) Fee income 4.01 in Q1-2023 (Q4-2022: 4.00; Growth of 31.8% y-o-y to ` 42.43 billon Q1-2022: 3.89) Core operating profit to average Provision to core operating profit (%) assets (%) 2.95 in Q1-2023 11.1 in Q1-2023 (Q4-2022: 3.06; Q1-2022: 2.88) (Q4-2022: 10
Slide 9: Profit & loss statement
Profit & loss statement (` billion) FY2022 Q1-2022 Q4-2022 Q1-2023 Q1-o-Q1 (%) Net interest income1 474.66 109.36 126.05 132.10 20.8% Non-interest income 176.14 37.06 46.08 46.29 24.9% - Fee income 156.87 32.19 43.66 42.43 31.8% - Dividend income2 18.29 4.10 2.32 3.47 (15.4)% - Others 0.98 0.77 0.10
Slide 10: Profit & loss statement
Profit & loss statement (` billion) FY2022 Q1-2022 Q4-2022 Q1-2023 Q1-o-Q1 (%) Core operating profit 383.47 86.05 101.64 102.73 19.4% Treasury income 9.03 2.90 1.29 0.36 (87.6)% Operating profit 392.50 88.95 102.93 103.09 15.9% Net provisions 86.41 28.52 10.69 11.44 (59.9)% - Contingency provisions
Slide 11: Key ratios
Key ratios Percent FY2022 Q1-2022 Q4-2022 Q1-2023 Net interest margin1,2 3.96 3.89 4.00 4.01 Cost of deposits2 3.53 3.65 3.48 3.46 Cost-to-income 40.5 40.4 40.6 42.3 Core operating profit/average assets2 3.03 2.88 3.06 2.95 Provisions/core operating profit 22.5 33.1 10.5 11.1 Provisions/average adva
Slide 12: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY Q1- Q4- Q1- (` billion) 2022 2022 2022 2023 Retail 114.00 3.89 46.43 38.10 Wholesale 90.53 19.09 32.78 36.88 Treasury 98.20 26.15 23.24 26.09 Others 3.11 0.80 0.04 1.08 Unallocated1 0.25 10.50 (10.25) (10.50) Total 306.09 60.43 92.24 91.65 1. Repr
Slide 13: Balance sheet growth
Balance sheet growth 12
Slide 14: Deposits
Deposits (` billion) Jun 30, Mar 31, Jun 30, Y-o-Y % share at 2021 2022 2022 growth Jun 30, 2022 CASA 4,251.01 5,184.37 4,921.14 15.8% 46.9% - Current 1,184.92 1,584.80 1,403.00 18.4% 13.4% - Savings 3,066.09 3,599.57 3,518.14 14.7% 33.5% Term 5,011.22 5,461.35 5,582.35 11.4% 53.1% Total deposits 9,
Slide 15: Loan portfolio
Loan portfolio (` billion) Jun 30, Mar 31, Jun 30, Y-o-Y % share at 2021 2022 2022 growth Jun 30, 20224 Retail 3,841.92 4,546.35 4,779.41 24.4% 53.1% Rural loans 710.00 768.30 769.98 8.4% 8.6% Business banking 396.76 534.37 573.96 44.7% 6.4% SME1 297.78 404.50 393.85 32.3% 4.4% Domestic corporate an
Slide 16: Retail portfolio
Retail portfolio (` billion) Jun 30, Mar 31, Jun 30, Y-o-Y % share at Jun 2021 2022 2022 growth 30, 2022 Mortgages 2,493.87 2,930.63 3,050.76 22.3% 63.8% Vehicle loans 624.82 680.51 702.30 12.4% 14.7% - Auto finance 360.53 403.20 424.07 17.6% 8.9% - Commercial vehicle and equipment 251.56 261.67 260
Slide 17: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Jun 30, 2022: USD 3.54 billion The overseas non-India linked corporate portfolio reduced by 52.8% year-on-year or about USD 513 million and 28.6% sequentially or about USD 183 million at Jun 30, 2022 1. Corporate fund and non-fund outstanding of o
Slide 18: Growing digital platforms
Growing digital platforms 17
Slide 19: iMobile Pay: Universal Super App
iMobile Pay : Universal Super App iMobile Pay Payment Savings Borrow Spend 3.0 Pay2Self Deposits & UPI Bill Loans, Personal Offers & Scan2Pay Recurring Payment & Cards & Finance Shopping Pay2Contact Mandate Recharge Pay Later Mgmt. One App for All Banks | Seamless Journeys | Hyper Personalization iM
Slide 20: iMobile Pay channels for non-ICICI Bank customers
Digital iMobile Paychannels forfor – Built for all, Built DIY scalejourneys Adoption and usage by non- Services Products ICICI Bank account holders ~7.3 mn activations1 270,000 conversions2 total 35% q-o-q transactions3 25% q-o-q Scan to Pay3 58% q-o-q Pay to contact3 1. Till June 30, 2022 2. Non-IC
Slide 21: InstaBIZ: Universal app for small business
InstaBIZ: Universal app for small business Key features Key metrics Michael Mishra Customer 360 9966332888 m.mishra@abc Forex Transaction 61% y-o-y in Q1-2023 InstaOD limit set-up Merchant Tax & solutions Compliance Interoperable 58,500 PA1 InstaOD Servicing New-to-Bank merchants acquired6,8 Transac
Slide 22: Digital solutions for merchant ecosystem
Digital solutions for merchant ecosystem • Super merchant account: Zero balance, swipe based benefits • Enabling Eazypay POS/QR onboarding for savings customers and non-ICICI Bank account holders • Digital POS solutions through Eazypay (POS, UPI, Cards, etc.) • PG: Eazypay Pro , POS: Eazypay Platinu
Slide 23: 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 2.1x Y-o-Y growth in Application installed Application hosted Bank Plugin on desktop on cloud throughput value2 Plug-n-Pla
Slide 24: BizPay360 – Bulk Payment Solution
BizPay360 – Bulk Payment Solution Digital onboarding with instant activation Choose your debit type – consolidated / individual 35,000 + registrations1 Customized debit credit narration for ease in reconciliation Option to register multiple beneficiaries 12% through file upload with single OTP Q-o-Q
Slide 25: Bespoke trade solutions
Bespoke trade solutions Value driven by recent Initiatives A comprehensive suite of APIs enabling trade transactions from Corporate API Suite clients’ ERP with document transfers in an encrypted format A bouquet of APIs for One stop solution for all trade corporate customers needs Getting Businesses
Slide 26: Supply chain solutions
Supply chain solutions An integrated supply chain finance solution Provides corporate customers, their vendors and dealers with a one-stop solution to efficiently manage working capital requirements Multiple mode of integration (ERP/H2H/API) Invoice Payable Credit sanction within 29 minutes Factorin
Slide 27: Digital sourcing for retail products in Q1-2023
Digital sourcing for retail products in Q1-2023 Personal loan Credit cards (by volume) SIPs initiated (by volume) disbursements (by volume) Mortgages Fixed deposits (Number of sanctions) (by volume) 26
Slide 28: Digital payments: credit and debit cards
Digital payments: credit and debit cards Debit card spends Credit card spends 2x y-o-y Issued 3.2 mn+ AmazonPay cards Partnerships 1. Source: RBI 27
Slide 29: Digital payments
Digital payments UPI: P2M1 transactions Electronic toll collections Value: 2.3x y-o-y Volume: 1.5x y-o-y 52.8% y-o-y Market share by value was 32% in Market share by volume was 13% in Q1-2023 Q1-2023; ranked 1st in the industry 1. Payments to merchants 28
Slide 30: Asset quality trends
Asset quality trends 29
Slide 31: NPA trends
NPA trends (` billion) Jun 30, Mar 31, Jun 30, 2021 2022 2022 Gross NPAs1 431.48 339.20 331.63 Less: cumulative provisions 338.42 269.59 265.07 Net NPAs1 93.06 69.61 66.56 Gross NPA ratio1 5.15% 3.60% 3.41% Net NPA ratio1 1.16% 0.76% 0.70% Provision coverage ratio 78.2% 79.2% 79.6% Non-fund o/s to N
Slide 32: NPA movement
NPA movement1 ` in billion FY2022 Q1-2022 Q4-2022 Q1-2023 Opening gross NPA 413.73 413.73 370.53 339.20 Add: gross additions (1) 192.91 72.31 42.04 58.25 - Retail, rural and business banking 173.57 67.732 37.36 50.373 - Corporate and SME 19.34 4.58 4.68 7.88 Less: recoveries, upgrades and others (2)
Slide 33: Resolution under RBI frameworks
Resolution under RBI frameworks (` billion) Jun 30, 2021 Mar 31, 2022 Jun 30, 2022 Retail, rural and business banking1 21.80 60.43 52.75 Corporate and SME1 26.84 22.24 21.01 Total fund based o/s1 46.84 82.67 73.76 Total fund based o/s as % of total advances 0.7% 1.0% 0.8% Provisions held on loans un
Slide 34: Standard asset and other provisions
Standard asset and other provisions (` billion) Jun 30, Sep 30, Dec 31, Mar 31, Jun 30, 2021 2021 2021 2022 2022 Contingency provisions1 64.25 64.25 64.25 74.50 85.00 Provision on non-fund based o/s to 16.55 17.71 19.57 20.51 20.75 NPAs Provisions on fund based o/s to 8.99 19.50 24.36 25.30 22.90 st
Slide 35: Loan portfolio information
Loan portfolio information 34
Slide 36: Diversified and granular loan book
Diversified and granular loan book Breakup of loan portfolio1 at Jun 30, 2022 53.1% of total loans are retail3 Retail portfolio largely secured and built on proprietary data and 22.4% analytics in addition to bureau checks and well-priced in relation to risk 2 Focus on granular exposures and higher
Slide 37: Rating-wise loan book, excluding retail and rural portfolio
Rating-wise loan book, excluding retail and rural portfolio Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Rating category1 2019 2020 2021 2022 2022 AA- and above 25.3% 27.3% 35.3% 36.1% 47.1% A+, A, A- 32.5% 36.9% 33.7% 35.7% 25.8% A- and above 57.7% 64.2% 69.1% 71.8% 72.9% BBB+,BBB, BBB- 33.4% 29.8% 25.6
Slide 38: Corporate and SME: BB and below
Corporate and SME: BB and below ` billion Jun 30, Mar 31, Jun 30, 2021 2022 2022 BB and below outstanding1 139.75 108.08 82.09 - Fund and non-fund o/s to borrowers with loans 40.82 23.89 22.89 under resolution - Other borrowers with o/s greater than ` 1.00 bn2 64.31 58.81 38.05 - Other borrowers wit
Slide 39: Movement in Corporate & SME BB and below: Q1-2023
Movement in Corporate & SME BB and below: Q1-2023 (` billion) 1,2 1,2 • The upgrades and net reduction during Q1-2023 was mainly due to reduction in outstanding to a borrower in the telecom sector and upgrades of a few accounts in power and construction sectors 1. Fund-based and non-fund based outst
Slide 40: Mortgage portfolio
Mortgage portfolio Mortgage portfolio includes home loans ~70%, top-up loans given to existing home loan customers 6%, office premises loans ~6% and loan against property ~18% Home loans are geographically well diversified, built on fundamental premises of cashflow assessment of underlying borrower
Slide 41: Auto and two wheeler finance
Auto and two wheeler finance Auto loan portfolio comprises 87% new vehicles and 13% 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 42: 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 2.3% and kisan credit cards Personal loan disbursements remained comprise 2.5% of the total loan book flat sequentially in Q1-2023 Leverage opportunities for growth Growth in credit card
Slide 43: 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 44: Exposure to power sector
Exposure to power sector (` billion) Jun 30, Mar 31, Jun 30, Share at Jun 2021 2022 2022 30, 2022 (%) Borrowers classified as NPA or part of BB 80.59 73.24 66.33 17.7% and below portfolio1 Other borrowers 305.26 327.47 308.06 82.3% Total 385.85 400.71 374.39 100.0% • Of the other borrowers aggregati
Slide 45: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Outstanding (` billion) Jun 30, Mar 31, Jun 30, 2022 2022 2022 NBFCs1 503.97 601.44 619.56 HFCs1 89.70 84.88 80.16 Builder portfolio (construction finance, lease rental 230.05 269.48 275.69 discounting, term loans and working capital loans) • Proportion of the NBFC
Slide 46: Concentration risk ratios
Concentration risk ratios Details Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, 2019 2020 2021 2022 2022 Exposure to top 20 10.8% 11.0% 12.1% 9.6% 9.2% borrowers1 as a % of total exposure Exposure to top 10 groups 13.6% 12.1% 11.6% 10.3% 10.1% as a % of total exposure • All top 20 borrowers as of Jun 30,
Slide 47: Capital
Capital 46
Slide 48: Strong capital position
Strong capital position Mar 31, 2022 Jun 30, 20221 (` billion) % (` billion) % Total capital 1,693.13 19.16% 1,698.95 18.04% - Tier I 1,621.21 18.35% 1,624.58 17.25% - of which: CET1 1,555.00 17.60% 1,557.63 16.54% - Tier II 71.92 0.81% 74.38 0.79% Risk weighted assets 8,835.91 9,415.42 - On balance
Slide 49: Group companies
Group companies 48
Slide 50: Profit after tax of key subsidiaries and associates
Profit after tax of key subsidiaries and associates Profit after tax (` billion) FY2022 Q1-2022 Q4-2022 Q1-2023 ICICI Prudential Life Insurance 7.54 (1.86) 1.85 1.56 ICICI Lombard General Insurance3 12.71 1.94 3.13 3.49 ICICI Prudential Asset Management1 14.54 3.80 3.57 3.05 ICICI Securities (Consol
Slide 51: Insurance entities
Insurance entities ICICI Prudential Life Insurance • Value of new business (VNB) increased by 31.6% y-o-y to ` 4.71 billion in Q1-2023 • VNB margin increased to 31.0% in Q1-2023 to 28.0% in FY2022 • Annualised premium equivalent (APE) grew by 24.7% y-o-y to ` 15.20 billion in Q1- 2023 o Annuity APE
Slide 52: ICICI Securities and ICICI AMC
ICICI Securities and ICICI AMC ICICI Securities • Total revenue1 grew by 6.3% y-o-y to ₹ 7.95 billion in Q1-2023 • Overall active clients increased by 62.3% y-o-y and 5.0% sequentially to 3.6 million in Q1-2023 • Retail derivative market share improved from 3.3% in Q4-2022 to 3.5% in Q1-2023 • Recen
Slide 53: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 52
Slide 54: ESG at ICICI Bank
ESG at ICICI Bank Environment Social Governance Conduct business responsibly and Continuously strive to create Being responsible and promote sustainable environmental value for all stakeholders transparent in business practices • The Bank has formulated an • Water harvesting projects with • The Boar
Slide 55: Thank you
ICICI Bank Thank you
Slide 56: Additional financial information
Additional financial information 55
Slide 57: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2022 Q1-2022 Q4-2022 Q1-2023 margins (Percent)1 Yield on total interest-earning 7.21 7.25 7.19 7.19 assets - Yield on advances 8.27 8.26 8.31 8.12 Cost of funds 3.71 3.82 3.68 3.67 - Cost of deposits 3.53 3.65 3.48 3.46 Net interest margin2 3.96 3.
Slide 58: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2022 Q1-20221 Q4-2022 Q1-2023 Q1-o-Q1 growth Net interest income 542.40 125.47 143.66 150.70 20.1% Non-interest income 621.29 127.38 178.34 130.60 2.5% - Fee income 203.35 43.40 55.30 38.63 (11.0)% - Premium income 389.60 72.28 119.34 75.37 4.3% - O
Slide 59: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) FY2022 Q1-20221 Q4-2022 Q1-2023 Q1-o-Q1 growth Operating profit 432.17 94.14 115.28 111.23 18.2% Contingency provisions2 (0.25) (10.50) 10.25 10.50 - Other provisions 90.02 40.21 0.79 0.81 (98.0)% Profit before tax 342.40 64.43 104.24 99.92 55.1% Tax
Slide 60: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2022 Q1-2022 Q4-2022 Q1-2023 Return on equity1 14.8 11.9 17.5 15.9 Weighted average EPS1 (`) 36.2 27.5 45.1 42.6 Book value (`) 262 235 262 273 slide 10 1. Annualised for all interim periods 59
Slide 61: Balance sheet: liabilities
Balance sheet: liabilities (` billion) Jun 30, 2021 Mar 31, 2022 Jun 30, 2022 Net worth 1,523.76 1,705.12 1,778.78 - Equity capital 13.85 13.90 13.91 - Reserves 1,509.91 1,691.22 1,764.87 Deposits 9,262.24 10,645.72 10,503.49 - Current 1,184.92 1,584.80 1,403.00 - Savings 3,066.09 3,599.57 3,518.14
Slide 62: Composition of borrowings
Composition of borrowings (` billion) Jun 30, Mar 31, Jun 30, 2021 2022 2022 Domestic 611.73 753.10 756.62 - Capital instruments 172.57 138.51 138.80 - Other borrowings 439.16 614.59 617.82 - Long term infrastructure bonds 221.39 387.84 388.09 Overseas borrowings1 279.58 319.21 397.93 Total borrowin
Slide 63: Consolidated balance sheet
Consolidated balance sheet (` billion) Jun 30, 20211 Mar 31, 2022 Jun 30, 2022 Cash & bank balances 1,204.80 1,831.26 1,275.90 Investments 5,300.56 5,670.98 5,655.77 Advances 7,984.99 9,203.08 9,572.07 Fixed & other assets 876.96 821.05 924.03 Total assets 15,367.31 17,526.37 17,427.77 Net worth 1,6
Slide 64: Branch and ATM network
Branch and ATM network Branches Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, % share at 2019 2020 2021 2022 2022 Jun 30, 2022 Metro 1,438 1,585 1,542 1,567 1,594 28.8% Urban 991 1,067 1,063 1,074 1,091 19.7% Semi urban 1,453 1,546 1,537 1,599 1,632 29.5% Rural 992 1,126 1,124 1,178 1,217 22.0% Total bran
Slide 65: Balance sheet: assets
Balance sheet: assets (` billion) Jun 30, Mar 31, Jun 30, 2021 2022 2022 Cash & bank balances 1,058.64 1,678.22 1,132.23 Investments 2,948.49 3,102.41 3,212.52 - SLR investments 2,278.28 2,563.78 2,785.95 - Equity investment in subsidiaries2 97.57 67.13 67.13 Advances 7,385.98 8,590.20 8,956.25 Fixe
Slide 66: Equity investment in subsidiaries
Equity investment in subsidiaries (` billion) Jun 30, Mar 31, Jun 30, 2021 2022 2022 ICICI Prudential Life Insurance 32.75 32.75 32.75 ICICI Bank Canada 18.74 9.96 9.96 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 L
Slide 67: Portfolio composition
Portfolio composition Jun 30, 2021 Mar 31, 2022 Jun 30, 2022 Domestic 89.7% 91.2% 91.0% International 10.3% 8.8% 9.0% Total consolidated advances 7,985 9,203 9,572 (` billion) slide 14 66
Slide 68: Retail, rural and business banking NPAs
Retail, rural and business banking NPAs Jun 30, Mar 31, Jun 30, ` in billion 2021 2022 2022 Gross retail, rural and business banking NPAs 189.90 128.32 127.19 - as a % of gross advances 3.75% 2.17% 2.05% Net retail, rural and business banking NPAs 71.51 53.05 50.22 - as a % of net advances 1.45% 0.9
Slide 69: Sector-wise exposures
Sector-wise exposures Top 10 sectors1: % of total exposure of Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, the Bank 2019 2020 2021 2022 2022 Retail finance2 30.4% 32.2% 33.9% 36.3% 38.0% Rural 4.7% 4.9% 6.3% 5.8% 6.0% Services – finance 7.3% 8.4% 9.9% 8.9% 8.8% Banks 7.9% 6.4% 7.9% 7.9% 6.2% Crude petrol
Slide 70: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Mar 31, Jun 30, 20221 20222 Total capital 18.87% 17.78% - Tier I 18.02% 16.97% - of which: CET 1 17.34% 16.32% - Tier II 0.84% 0.81% • Including profits for Q1-2023, CET 1 ratio was 16.99%, Tier I ratio was 17.64% and total capital adequacy ratio was 18.45
Slide 71: Insurance entities
Insurance entities ICICI Life (` billion) FY2022 Q1-2022 Q4-2022 Q1-2023 Annualised premium equivalent 77.33 12.19 26.08 15.20 - Of which: protection 13.13 2.70 4.57 3.30 Assets under management 2,404.92 2,231.71 2,404.92 2,300.72 Expense ratio1 18.6% 19.9% 20.6% 23.8% ICICI General2 (` billion) FY2
Slide 72: ICICI Bank UK
ICICI Bank UK (USD million) FY2022 Q1-2022 Q4-2022 Q1-2023 Net interest income 40.5 10.5 10.0 10.9 Operating profit 14.4 3.8 4.3 3.9 Loans and advances 1,244.3 1,544.1 1,244.3 1,068.8 Deposits 1,542.0 1,873.7 1,542.0 1,348.6 - Retail term deposits 240.0 428.6 240.0 193.3 Capital adequacy ratio 23.0%
Slide 73: ICICI Bank UK asset and liability profile
ICICI Bank UK1 Asset profile Liability profile 2 3 Total assets: USD 2.03 bn Total liabilities: USD 2.03 bn 1. At Jun 30, 2022 2. Includes cash & advances to banks and T Bills 3. Includes securities re-classified to loans & advances 72
Slide 74: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2022 Q1-2022 Q4-2022 Q1-2023 Net interest income 44.0 9.9 11.5 12.5 Operating profit 34.1 8.6 8.0 9.9 Loans and advances 4,984.1 5,018.9 4,984.1 5,154.4 - Residential mortgages 3,692.5 3,619.4 3,692.5 3,749.2 Deposits 2,851.7 2,783.6 2,851.7 3,044.2 Capital adequacy
Slide 75: ICICI Bank Canada asset and liability profile
ICICI Bank Canada1 Asset profile Liability profile 2 2.0% 4 4 3 3 Total assets: CAD 5.93 bn Total liabilities: CAD 5.93 bn 1. At Jun 30, 2022 2. Includes cash & placements with banks and government securities 3. Insured mortgages include CAD 2,352.6 million of securitised mortgages at Jun 30, 2022 (
Slide 76: ICICI Home Finance
ICICI Home Finance1 (` billion) Mar 31, 2022 Jun 30, 2022 Loans and advances 144.98 148.32 Gross impaired loans (stage 3)2 8.60 8.94 Net impaired loans (stage 3) 6.24 6.35 Capital adequacy ratio 21.90% 22.28% • At Jun 30, 2022, loans to borrowers where resolution was implemented as per the framework
Slide 77: Analyst call on July 23, 2022: opening remarks
Analyst call on July 23, 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 securities l
Slide 78: 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 Q1 of FY2023. Joining us today on this call are Anup, Sandeep Batra, Rakesh, Anindya and Abhinek. During the quarter, we saw continued improvement in parameters like the in
Slide 79: Core operating profit and deposit growth remarks
The core operating profit increased by 19.4% year-on-year to 102.73 billion Rupees in this quarter. Excluding dividend income from subsidiaries and associates, core operating profit grew by 21.1% year-on- year. The profit after tax grew by 49.6% year-on-year to 69.05 billion Rupees in this quarter.
Slide 80: Loan growth and digital leverage remarks
leveraging our branch network, cross sell to existing current account customers and digital offerings such as InstaBIZ and Merchant Stack. The domestic corporate portfolio grew by 14.4% year-on-year and 4.4% sequentially at June 30, 2022. The domestic loan portfolio grew by 21.7% year-on-year and 3.
Slide 81: Asset quality and capital remarks
The net NPA ratio declined to 0.70% at June 30, 2022 from 0.76% at March 31, 2022 and 1.16% at June 30, 2021. During the quarter, there were net additions of 3.82 billion Rupees to gross NPAs, excluding write- offs and sale. The provisioning coverage ratio on NPAs was 79.6% at June 30, 2022. The tot
Slide 82: Closing strategic remarks
to Customer, Fair to Bank” and “One Bank, One RoE” will guide our operations. We focus on building a culture where every employee in the Bank serves customers with humility and upholds the values of brand ICICI. We aim to be the trusted financial services provider of choice for our customers and del
Slide 83: Anindya's opening remarks
Anindya’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 acro
Slide 84: Credit quality remarks
companies owned by NRIs or PIOs and balance 3% is non-India corporates. B. Credit quality There were net additions of 3.82 billion Rupees to gross NPAs in the current quarter compared to net deletions of 4.89 billion Rupees in the previous quarter. There were net additions of 7.24 billion Rupees to
Slide 85: NPA and resolution remarks
sold NPAs amounting to 0.13 billion Rupees during the quarter on a cash basis. Net NPAs declined by 28.5% year-on-year and 4.4% sequentially to 66.56 billion Rupees at June 30, 2022. The non-fund based outstanding to borrowers classified as non- performing was 36.70 billion Rupees as of June 30, 202
Slide 86: Net interest margin and income remarks
this year compared to 1 bps in the previous quarter and in Q1 of last year. The domestic NIM was at 4.14% this quarter compared to 4.12% in the previous quarter and 3.99% in Q1 last year. The cost of deposits was 3.46% in this quarter compared to 3.48% in previous quarter. Of the total domestic loan
Slide 87: Expenses and core operating profit remarks
about 107,350 employees at June 30, 2022. The employee count has increased by about 7,250 in the last 12 months. Employee expenses in this quarter include an impact of 1.29 billion Rupees due to fair valuation of ESOPs granted to all employees post April 1, 2021 as required by RBI guidelines. Non-em
Slide 88: Provisions, profit and digital offerings remarks
than specific provisions on fund-based outstanding to borrowers classified as non-performing, were 187.70 billion Rupees or 2.1% of loans. The profit before tax grew by 51.7% year-on-year to 91.65 billion Rupees in this quarter. The tax expense was 22.60 billion Rupees in this quarter compared to 14
Slide 89: Digital offerings remarks
driven by improvement in discretionary spending, higher activation rate through digital onboarding of customers, including Amazon Pay credit cards, and diversification through commercial cards. The Bank has issued more than 3.2 million Amazon Pay credit cards since its launch. During the quarter, we
Slide 90: Portfolio information remarks
E. Portfolio information We have provided details on our retail, business banking and SME portfolio in slides 35 to 45 of the investor presentation. The loan and non-fund based outstanding to performing corporate and SME borrowers rated BB and below was 82.09 billion Rupees at June 30, 2022 compared
Slide 91: NBFC, builder portfolio and subsidiaries remarks
NBFCs and HFCs is mainly due to disbursements to PSU entities, entities having long vintage and entities owned by well-established corporate groups. The builder portfolio including construction finance, lease rental discounting, term loans and working capital loans was 275.69 billion Rupees at June
Slide 92: Subsidiary performance remarks
Gross Direct Premium Income of ICICI General increased by 28.2% year- on-year to 53.70 billion Rupees in Q1 of this year. The combined ratio was 104.1% in Q1 of this year compared to 123.5% in Q1 of last year. The profit after tax grew by 79.6% year-on-year to 3.49 billion Rupees in the current quar
Slide 93: Conclusion of opening remarks
With this, we conclude our opening remarks and we will now be happy to take your questions. 17