Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q2 FY2023 Earnings Presentation
75 slides from Icici Bank's earnings presentation, Oct 22, 2022
Slide 1: Cover letter to stock exchanges
October 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: Investor Presentation
Slide 2: Q2-2023: Performance review
Q2-2023: Performance review October 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 Q2-2023
Highlights for Q2-2023 3
Slide 5: Key highlights for Q2-2023 (1/2)
Key highlights for Q2-2023 (1/2) Core • Growth of 23.6% y-o-y to ` 117.65 billion operating • Excluding dividend income from subsidiaries and associates, core operating profit1 profit grew by 24.4% y-o-y • Average current account deposits increased by 15.5% y-o-y Deposits • Average savings account d
Slide 6: Key highlights for Q2-2023 (2/2)
Key highlights for Q2-2023 (2/2) • Net NPA ratio declined to 0.61% at Sep 30, 2022 from 0.70% at June 30, 2022 and 0.99% at Sep 30, 2021 • Net additions of ` 6.05 bn to gross NPAs in Q2-2023 (Q1-2023: ` 3.82 bn) Asset • Total provisions of ` 16.44 bn in Q2-2023 (0.71% of average loans, 14.0% of qual
Slide 7: Operating performance
Operating performance 6
Slide 8: Profit & loss statement
Profit & loss statement (` billion) FY2022 Q2- H1- Q1- Q2- H1- Q2-o-Q2 2022 2022 2023 2023 2023 (%) Net interest income1 474.66 116.90 226.26 132.10 147.87 279.97 26.5% Non-interest income 176.14 44.00 81.06 46.29 51.39 97.68 16.8% - Fee income 156.87 38.11 70.30 42.43 44.80 87.23 17.6% - Dividend i
Slide 9: Profit & loss statement
Profit & loss statement (` billion) FY2022 Q2-2022 H1-2022 Q1-2023 Q2-2023 H1-2023 Q2-o-Q2 (%) Core operating profit 383.47 95.18 181.23 102.73 117.65 220.38 23.6% Treasury income 9.03 3.97 6.86 0.36 (0.85) (0.49) - Operating profit 392.50 99.15 188.09 103.09 116.80 219.89 17.8% Net provisions 86.41
Slide 10: Key ratios
Key ratios FY Q2- H1- Q1- Q2- H1- Percent 2022 2022 2022 2023 2023 2023 Net interest margin1,2 3.96 4.00 3.94 4.01 4.31 4.16 Cost of deposits2 3.53 3.53 3.59 3.46 3.55 3.51 Cost-to-income 40.5 39.9 40.1 42.3 41.1 41.7 Core operating profit/average assets2 3.03 3.09 2.98 2.95 3.20 3.08 Provisions/cor
Slide 11: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2022 Q2-2022 H1-2022 Q1-2023 Q2-2023 H1-2023 (` billion) Retail 114.00 26.06 29.95 38.10 45.33 83.43 Wholesale 90.53 18.76 37.85 36.88 37.18 74.06 Treasury 98.20 26.43 52.58 26.09 31.70 57.79 Others 3.11 0.76 1.56 1.08 1.15 2.23 Unallocated1 0.25 -
Slide 12: Balance sheet growth
Balance sheet growth 11
Slide 13: Deposits
Deposits (` billion) Sep 30, Jun 30, Sep 30, Y-o-Y % share at 2021 2022 2022 growth Sep 30, 2022 CASA 4,507.03 4,921.14 5,078.40 12.7% 46.6% - Current 1,321.47 1,403.00 1,453.56 10.0% 13.3% - Savings 3,185.57 3,518.14 3,624.84 13.8% 33.3% Term 5,267.45 5,582.35 5,821.68 10.5% 53.4% Total deposits 9,
Slide 14: Loan portfolio
Loan portfolio (` billion) Sep 30, Jun 30, Sep 30, Y-o-Y % share at 2021 2022 2022 growth Sep 30, 20224 Retail 4,065.08 4,779.41 5,065.15 24.6% 53.6% Rural loans 715.17 769.98 799.04 11.7% 8.5% Business banking 445.67 573.96 635.72 42.6% 6.7% SME1 331.40 393.85 419.25 26.5% 4.4% Domestic corporate a
Slide 15: Retail portfolio
Retail portfolio (` billion) Sep 30, Jun 30, Sep 30, Y-o-Y % share at Sep 2021 2022 2022 growth 30, 2022 Mortgages 2,646.95 3,050.76 3,186.13 20.4% 62.9% Vehicle loans 636.19 702.30 726.18 14.1% 14.3% - Auto finance 374.80 424.07 446.14 19.0% 8.8% - Commercial vehicle and 248.43 260.85 262.32 5.6% 5
Slide 16: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Sep 30, 2022: USD 2.72 billion The overseas non-India linked corporate portfolio reduced by 47.4% year-on-year or about USD 387 million and 6.2% sequentially or about USD 29 million at Sep 30, 2022 1. Corporate fund and non-fund outstanding of ove
Slide 17: Growing digital platforms
Growing digital platforms 16
Slide 18: Digital services: iMobile Pay and banking services
Digital iMobile iMobilePaychannels – Services Pay: Universalandfor Super DIY journeys App Products Savings Account . Pay to Contact Demat . Scan to Pay BANKING SERVICES PAYMENT SERVICES Personal Loan . ~8 Mn Bill Payment Activations from non-ICICI Bank Recharges Credit Card . account holders1 Home L
Slide 19: International Transfers - Smart Wire
International Transfers - Smart Wire Facilitates instant transfers with pre- filled details Enhanced customer Option to book FX experience deal online with real time FX rates Faster TAT for Amount to be receipt of funds credited in account through SWIFT is known upfront 18
Slide 20: InstaBIZ: Universal app for small business
InstaBIZ: Universal app for small business Key features Key metrics Michael Mishra Customer 360 9966332888 51.2% y-o-y in Q2-2023 m.mishra@abc Forex Transaction InstaOD limit set-up Merchant Tax & solutions Compliance Interoperable ~ 85,300 PA1 InstaOD Servicing New-to-Bank merchants acquired4,8 Tra
Slide 21: 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 22: API Connect - Embedded banking for MSMEs
API Connect - Embedded banking for MSMEs API One-to-one client ERP integration with ICICI Bank One To One integrations High transaction volume, full fledged ERP users Client ERP 82% Y-o-Y growth in Application installed Application hosted Bank Plugin on desktop on cloud throughput value2 Plug-n-Play
Slide 23: BizPay360 – Bulk Payment Solution
BizPay360 – Bulk Payment Solution Digital onboarding with instant activation 3.0x Choose your debit type – consolidated / individual Registrations1 Customized debit credit narration for ease in reconciliation Option to register multiple beneficiaries 4.0x through file upload with single OTP Throughp
Slide 24: Trade solutions
Trade solutions Digital solutions for exports Digital solution for Bank Guarantee API based digital workflow e-Stamping & digital signature Key Features Paperless Single window Digitally delivered to beneficiary Customisable workflow Logistics booking & tracking End-to-end digital Eliminates physica
Slide 25: Supply chain solutions
Supply chain solutions Supply Chain Finance Structured Trade Finance Receivables & payables solutions Factoring | Reverse factoring Payable financing | Purchase bill financing Credit sanction Multiple modes within 29 minutes of integration Key features Anchor corporate led Short tenor, granular supp
Slide 26: Digital sourcing for retail products in H1-2023
Digital sourcing for retail products in H1-2023 Personal loan Credit cards (by volume) SIPs initiated (by volume) disbursements (by volume) Mortgages Fixed deposits (Number of sanctions) (by volume) 25
Slide 27: Digital payments: credit and debit cards
Digital payments: credit and debit cards Debit card spends Credit card spends 43.1% y-o-y 6.8% y-o-y • During Q2-2023, the Bank Issued 3.5 mn+ closed ~ 817,000 inactive Credit card partnerships Amazon Pay cards credit cards as per RBI’s recent guidelines 26
Slide 28: Digital payments
Digital payments UPI: P2M1 transactions Electronic toll collections Volume: 50.1% y-o-y Value: 2.2x y-o-y 20.2% y-o-y Market share by value was 18.6% in Sep Market share by value was 31% in 2022 Q2-2023; ranked 1st in the industry 1. Payments to merchants 27
Slide 29: Asset quality trends
Asset quality trends 28
Slide 30: NPA trends
NPA trends (` billion) Sep 30, Jun 30, Sep 30, 2021 2022 2022 Gross NPAs1 414.37 331.63 325.71 Less: cumulative provisions 332.76 265.07 264.72 Net NPAs1 81.61 66.56 60.99 Gross NPA ratio1 4.82% 3.41% 3.19% Net NPA ratio1 0.99% 0.70% 0.61% Provision coverage ratio 80.1% 79.6% 80.6% Non-fund o/s to N
Slide 31: NPA movement
NPA movement1 ` in billion FY2022 Q2-2022 Q1-2023 Q2-2023 Opening gross NPA 413.73 431.48 339.20 331.63 Add: gross additions (1) 192.91 55.78 58.25 43.66 - Retail, rural and business banking 173.57 46.24 50.37 2 36.58 - Corporate and SME 19.34 9.54 7.88 7.08 Less: recoveries, upgrades and others (2)
Slide 32: Resolution under RBI frameworks
Resolution under RBI frameworks (` billion) 30-Sep-21 30-Jun-22 30-Sep-22 Retail, rural and business banking1 69.92 52.75 47.39 Corporate and SME1 26.92 21.01 19.74 Total fund based o/s1 96.84 73.76 67.13 Total fund based o/s as % of total advances 1.3% 0.8% 0.7% Provisions held on loans under resol
Slide 33: Standard asset and other provisions
Standard asset and other provisions (` billion) Sep 30, Dec 31, Mar 31, Jun 30, Sep 30, 2021 2021 2022 2022 2022 Contingency provisions1 64.25 64.25 74.50 85.00 100.00 Provision on non-fund based o/s to 17.71 19.57 20.51 20.75 20.24 NPAs Provisions on fund based o/s to 19.50 24.36 25.30 22.90 20.59
Slide 34: Loan portfolio information
Loan portfolio information 33
Slide 35: Diversified and granular loan book
Diversified and granular loan book Breakup of loan portfolio1 at Sep 30, 2022 53.6% of total loans are retail3 2 1. Proportions are gross of BRDS/IBPC 2. Includes dealer funding, loan against shares and others 3. Including non-fund based outstanding, the share of retail portfolio was 44.2% of the to
Slide 36: 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, Sep 30, Rating category1 2019 2020 2021 2022 2022 2022 AA- and above 25.3% 27.3% 35.3% 36.1% 47.1% 46.3% A+, A, A- 32.5% 36.9% 33.7% 35.7% 25.8% 26.8% A- and above 57.7% 64.2% 69.1% 71.8% 72.9% 73.1%
Slide 37: Corporate and SME: BB and below
Corporate and SME: BB and below (` billion) Sep 30, Jun 30, Sep 30, 2021 2022 2022 BB and below outstanding1 127.14 82.09 76.38 - Fund and non-fund o/s to borrowers with loans under resolution 32.42 22.89 21.98 - Other borrowers with o/s greater than ` 1.00 bn2 58.48 38.05 32.55 - Other borrowers wi
Slide 38: Movement in Corporate & SME BB and below: Q2-2023
Movement in Corporate & SME BB and below: Q2-2023 (` 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 37
Slide 39: Mortgage portfolio
Mortgage portfolio 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 borrower
Slide 40: 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 41: 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 2.2% and kisan credit cards Personal loan disbursements increased comprise 2.4% of the total loan book sequentially in Q2-2023 Growth in retail credit card spends Leverage opportunities
Slide 42: SME and business banking portfolio
SME and business banking portfolio Growth driven by leveraging branch network and digital platforms such as InstaBIZ, Merchant STACK and Trade Online and efforts towards process decongestion such as e-signing of disbursement documents through EazySign Focus on parameterised and programme based lendi
Slide 43: Exposure to power sector
Exposure to power sector (` billion) Sep 30, Jun 30, Sep 30, Share at Sep 2021 2022 2022 30, 2022 (%) Borrowers classified as NPA or part of BB and below portfolio1 77.11 66.33 64.02 15.1% Other borrowers 326.04 308.06 361.29 84.9% Total 403.15 374.39 425.31 100.0% • Of the other borrowers aggregati
Slide 44: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Sep 30, Jun 30, Sep 30, Outstanding (` billion) 2021 2022 2022 NBFCs1 508.40 619.56 636.15 HFCs1 96.71 80.16 99.58 Builder portfolio (construction finance, lease rental discounting, term loans and working capital) 228.14 275.69 319.63 • Proportion of the NBFC and HF
Slide 45: Concentration risk ratios
Concentration risk ratios Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Details 2019 2020 2021 2022 2022 2022 Exposure to top 20 borrowers1 as a % of total 10.8% 11.0% 12.1% 9.6% 9.2% 8.7% exposure Exposure to top 10 groups 13.6% 12.1% 11.6% 10.3% 10.1% 10.1% as a % of total exposure • All top 20
Slide 46: Capital
Capital 45
Slide 47: Strong capital position
Strong capital position Jun 30, 20221 Sep 30, 20222 (` billion) % (` billion) % Total capital 1,698.96 18.04 1,691.35 16.93 - Tier I 1,624.58 17.25 1,615.43 16.17 - of which: CET1 1,557.63 16.54 1,559.28 15.61 - Tier II 74.38 0.79 75.92 0.76 Risk weighted assets 9,415.42 9,987.59 - On balance sheet
Slide 48: Group companies
Group companies 47
Slide 49: Profit after tax of key subsidiaries and associates
Profit after tax of key subsidiaries and associates Profit after tax (` billion) Q2- H1- Q1- Q2- H1- FY2022 2022 2022 2023 2023 2023 ICICI Prudential Life Insurance 7.54 4.45 2.59 1.56 1.99 3.55 ICICI Lombard General Insurance 12.71 4.47 6.41 3.49 5.91 9.40 ICICI Prudential Asset Management1 14.54 3
Slide 50: Insurance entities
Insurance entities ICICI Prudential Life Insurance • Value of new business (VNB) increased by 25.1% y-o-y to ` 10.92 billion in H1-2023 • VNB margin increased to 31.0% in H1-2023 from 28.0% in FY2022 • Annualised premium equivalent (APE) grew by 10.1% y-o-y to ` 35.19 billion in H1- 2023 o Annuity A
Slide 51: ICICI Securities and ICICI AMC
ICICI Securities and ICICI AMC ICICI Securities • Overall active clients increased by 34.5% y-o-y to 3.5 million in Q2-2023 • Retail derivative market share improved from 3.5% in Q1-2023 to 3.7% in Q2-2023 • Retail equity market share improved from 9.7% in Q1-2023 to 10.6% in Q2-2023 • Market share
Slide 52: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 51
Slide 53: ESG at ICICI Bank
ESG at ICICI Bank Environment Social Governance Conduct business responsibly and Continuously strive to create Being responsible and promote sustainable value for all stakeholders transparent in business environmental practices • Significant scale-up in diverse • Bank’s Environmental, Social • Effor
Slide 54: Thank you
ICICI Bank Thank you
Slide 55: Additional financial information
Additional financial information 54
Slide 56: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2022 Q2-2022 H1-2022 Q1-2023 Q2-2023 H1-2023 margins (Percent)1 Yield on total interest-earning 7.21 7.26 7.25 7.19 7.59 7.39 assets2 - Yield on advances 8.27 8.34 8.30 8.12 8.63 8.38 Cost of funds 3.71 3.71 3.76 3.67 3.78 3.73 - Cost of deposits 3
Slide 57: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) Q2-o-Q2 FY2022 Q2-2022 H1-2022 Q1-2023 Q2-2023 H1-2023 growth Net interest income 542.40 133.86 259.33 150.70 168.53 319.23 25.9% Non-interest income 621.29 160.05 287.43 130.60 163.27 293.87 2.0% - Fee income 203.35 49.83 93.23 38.63 41.07 79.70 (17.
Slide 58: Consolidated profit & loss statement
Consolidated profit & loss statement (` billion) Q1- Q2- Q2-o-Q2 FY2022 Q2-2022 H1-2022 H1-2023 2023 2023 growth Operating profit 432.17 111.24 205.38 111.23 124.97 236.20 12.3% Contingency provisions (0.25) - (10.50) 10.50 15.00 25.50 - Other provisions 90.02 27.74 67.95 0.81 1.53 2.34 (94.5)% Prof
Slide 59: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2022 Q2-2022 H1-2022 Q1-2023 Q2-2023 H1-2023 Return on equity1 14.8 14.6 13.3 15.9 16.5 16.2 Weighted average EPS1 (`) 36.21 34.87 31.25 42.61 45.64 44.13 Book value (`) 262 243 243 273 280 280 slide 9 1. Annualised for all interim periods 58
Slide 60: Balance sheet: liabilities
Balance sheet: liabilities (` billion) Sep 30, 2021 Jun 30, 2022 Sep 30, 2022 Net worth 1,567.84 1,778.78 1,825.07 - Equity capital 13.87 13.91 13.94 - Reserves 1,553.97 1,764.87 1,811.13 Deposits 9,774.49 10,503.49 10,900.08 - Current 1,321.47 1,403.00 1,453.56 - Savings 3,185.57 3,518.14 3,624.84
Slide 61: Composition of borrowings
Composition of borrowings (` billion) Sep 30, 2021 Jun 30, 2022 Sep 30, 2022 Domestic 598.47 756.62 946.36 - Capital instruments 172.84 138.80 128.15 - Other borrowings 425.63 617.82 818.21 - Long term infrastructure bonds 223.14 388.09 408.24 Overseas borrowings1 231.42 397.93 352.98 Total borrowin
Slide 62: Consolidated balance sheet
Consolidated balance sheet (` billion) Sep 30, 2021 Jun 30, 2022 Sep 30, 2022 Cash & bank balances 1,635.57 1,275.90 1,385.46 Investments 5,328.48 5,655.77 5,941.92 Advances 8,239.62 9,572.07 10,002.91 Fixed & other assets 836.86 924.03 1,001.25 Total assets 16,040.53 17,427.77 18,331.54 Net worth 1
Slide 63: Branch and ATM network
Branch and ATM network Branches % share at Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Sep 30, 2019 2020 2021 2022 2022 2022 2022 Metro 1,438 1,585 1,542 1,567 1,594 1,610 28.7% Urban 991 1,067 1,063 1,074 1,091 1,101 19.6% Semi urban 1,453 1,546 1,537 1,599 1,632 1,652 29.4% Rural 992 1,126 1,1
Slide 64: Balance sheet: assets
Balance sheet: assets (` billion) Sep 30, Jun 30, Sep 30, 2021 2022 2022 Cash & bank balances 1,500.44 1,132.23 1,249.13 Investments 2,852.20 3,212.52 3,330.31 - SLR investments 2,273.81 2,785.95 2,871.75 - Equity investment in subsidiaries2 75.91 67.13 69.78 Advances 7,649.37 8,956.25 9,385.63 Fixe
Slide 65: Equity investment in subsidiaries
Equity investment in subsidiaries (` billion) Sep 30, Jun 30, Sep 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 9.70 9.70 9.70 ICICI Home Finance 11.12 11.12 13.62 ICICI Securities Limited 1.22 1.22 1.22 ICICI Securities Primary
Slide 66: Portfolio composition
Portfolio composition 30-Sep-21 30-Jun-22 30-Sep-22 Domestic 90.5% 91.0% 92.3% International 9.5% 9.0% 7.7% Total consolidated advances 8,240 9,572 10,003 (` billion) slide 13 65
Slide 67: Retail, rural and business banking NPAs
Retail, rural and business banking NPAs Sep 30, Jun 30, Sep 30, ` in billion 2021 2022 2022 Gross retail, rural and business banking NPAs 173.88 127.19 123.43 - as a % of gross advances 3.26% 2.05% 1.88% Net retail, rural and business banking NPAs 60.30 50.22 47.81 - as a % of net advances 1.15% 0.8
Slide 68: Sector-wise exposures
Sector-wise exposures Top 10 sectors1: % of total Mar 31, Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, exposure of the Bank 2019 2020 2021 2022 2022 2022 Retail finance2 30.4% 32.2% 33.9% 36.3% 38.0% 37.5% Services – finance 7.3% 8.4% 9.9% 8.9% 8.8% 8.4% Banks 7.9% 6.4% 7.9% 7.9% 6.2% 7.6% Rural 4.7% 4.9
Slide 69: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Jun 30, Sep 30, 20221 20222 Total capital 17.78% 16.67% - Tier I 16.97% 15.91% - of which: CET 1 16.32% 15.39% - Tier II 0.81% 0.77% • Including profits for H1-2023, CET 1 ratio was 16.40%, Tier I ratio was 16.92% and total capital adequacy ratio was 17.69
Slide 70: Insurance entities
Insurance entities ICICI Life (` billion) FY2022 Q2-2022 Q1-2023 Q2-2023 Annualised premium equivalent 77.33 19.77 15.20 19.99 - Of which: protection 13.13 2.81 3.30 3.80 Assets under management 2,404.92 2,370.87 2,300.72 2,442.79 Expense ratio1 18.6% 16.3% 23.8% 19.9% ICICI General (` billion) FY20
Slide 71: ICICI Bank UK
ICICI Bank UK (USD million) FY2022 Q2-2022 H1-2022 Q1-2023 Q2-2023 H1-2023 Net interest income 40.5 10.2 20.7 10.9 12.0 22.9 Operating profit 14.4 4.1 7.9 3.9 0.2 4.1 Loans and advances 1,244.30 1,408.3 1,408.3 1,068.8 973.1 973.1 Deposits 1,542.00 1,758.8 1,758.8 1,348.6 1,174.8 1,174.8 - Retail te
Slide 72: ICICI Bank UK asset and liability profile
ICICI Bank UK1 Asset profile Liability profile 2 3 Total assets: USD 1.85 bn Total liabilities: USD 1.85 bn 1. At Sep 30, 2022 2. Includes cash & advances to banks and T Bills 3. Includes securities re-classified to loans & advances 71
Slide 73: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2022 Q2-2022 H1-2022 Q1-2023 Q2-2023 H1-2023 Net interest income 44.0 11.0 20.9 12.5 19.9 32.4 Operating profit 34.1 8.6 17.2 9.9 15.7 25.6 Loans and advances 4,984.1 4,970.8 4,970.8 5,154.4 5,147.2 5,147.2 - Residential mortgages 3,692.5 3,636.7 3,636.7 3,749.2 3,7
Slide 74: ICICI Bank Canada asset and liability profile
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 5.96 bn Total liabilities: CAD 5.96 bn 1. At Sep 30, 2022 2. Includes cash & placements with banks and government securities 3. Insured mortgages include CAD 2,336.7 million of securitised mortgages at Sep 30, 2022 (Jun 30, 2
Slide 75: ICICI Home Finance
ICICI Home Finance1 (` billion) Jun 30, 2022 Sep 30, 2022 Loans and advances 148.32 158.67 Gross impaired loans (stage 3)2 8.94 8.31 Net impaired loans (stage 3) 6.35 5.47 Capital adequacy ratio 22.28% 24.22% • At September 30, 2022, loans to borrowers where resolution was implemented as per the fra