Icici Bank Limited · NSE:ICICIBANK
Icici Bank — Q3 2024 Earnings Presentation
73 slides from Icici Bank's earnings presentation, Jan 21, 2024
Slide 1: Q3-2024: Performance review
Q3-2024: Performance review January 20, 2024
Slide 2: Forward-looking statements disclaimer
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 3: Highlights for Q3-2024
Highlights for Q3-2024 3
Slide 4: Key highlights for Q3-2024 (1/2)
Key highlights for Q3-2024 (1/2) • Profit before tax excluding treasury, grew by 23.4% y-o-y to ₹ 135.51 bn in Q3-2024 Earnings • Core operating profit grew by 10.3% y-o-y to ₹ 146.01 bn in Q3-2024 • Provisions of ₹ 10.50 bn in Q3-2024 (0.36% of average advances) • Period-end total deposits grew by
Slide 5: Key highlights for Q3-2024 (2/2)
Key highlights for Q3-2024 (2/2) • Net NPA ratio was 0.44% at Dec 31, 2023 (Sep 30, 2023: 0.43%) • Net additions of ₹ 3.63 bn to gross NPAs in Q3-2024 (Q2-2024: ₹ 1.16 bn) Asset • Provision coverage was 80.7% at Dec 31, 2023 (Sep 30, 2023: 82.6%) quality • Fund based o/s of ₹ 33.18 bn (0.3% of advan
Slide 6: Operating performance
Operating performance 6
Slide 7: Profit & loss statement
Profit & loss statement (₹ billion) FY2023 Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 2023 2023 2024 2024 2024 (%) Net interest income1 621.29 164.65 444.62 183.08 186.78 552.13 13.4% Non-interest income 198.83 49.87 147.55 58.61 59.75 170.19 19.8% - Fee income 180.01 44.48 131.71 52.04 53.13 153.60 19.4% - Divide
Slide 8: Profit & loss statement
Profit & loss statement ₹ in billion FY2023 Q3- 9M- Q2- Q3- 9M- Q3-o-Q3 2023 2023 2024 2024 2024 (%) Core operating profit 491.39 132.35 352.72 143.14 146.01 428.02 10.3% Net provisions 66.661 22.571 50.45 5.83 10.502 29.242 (53.5)% - Contingency provisions 56.50 15.00 40.50 - - - - - Other provisio
Slide 9: Key ratios
Key ratios Q3- 9M- Q2- Q3- 9M- Percent FY2023 2023 2023 2024 2024 2024 Net interest margin1,2 4.48 4.65 4.33 4.53 4.43 4.57 Cost of deposits2 3.66 3.65 3.56 4.53 4.72 4.53 Cost-to-income 40.1 38.2 40.4 40.9 40.6 40.6 Core operating profit/average assets2 3.32 3.50 3.23 3.36 3.31 3.37 Provisions/core
Slide 10: Unconsolidated segment-wise PBT
Unconsolidated segment-wise PBT Profit before tax FY2023 Q3-2023 9M-2023 Q2-2024 Q3-2024 9M-2024 (₹ billion) Retail 175.34 42.88 126.31 48.95 42.89 133.63 Wholesale 157.85 38.77 112.82 46.70 57.46 144.96 Treasury 142.72 42.58 100.36 39.67 33.28 116.57 Others 4.80 0.92 3.16 1.14 3.11 6.52 Unallocated
Slide 11: Balance sheet growth
Balance sheet growth 11
Slide 12: Deposits
Deposits (₹ billion) Dec 31, Sep 30, Dec 31, Y-o-Y % share at Dec 2022 2023 2023 growth 31, 2023 CASA 5,088.42 5,276.30 5,279.95 3.8% 39.6% - Current 1,456.26 1,553.04 1,534.11 5.3% 11.5% - Savings 3,632.16 3,723.26 3,745.84 3.1% 28.1% Term 6,132.08 7,671.12 8,043.20 31.2% 60.4% Total deposits 11,22
Slide 13: Loan portfolio
Loan portfolio Dec 31, Sep 30, Dec 31, Y-o-Y % share at (₹ billion) 2022 2023 2023 growth Dec 31, 20234 Retail 5,292.36 6,148.72 6,425.72 21.4% 54.3% Rural loans 829.06 937.57 980.36 18.2% 8.3% Business banking 668.83 828.33 882.39 31.9% 7.4% SME1 454.24 542.64 579.18 27.5% 4.9% Domestic corporate a
Slide 14: Retail portfolio
Retail portfolio (₹ billion) Dec 31, Sep 30, Dec 31, Y-o-Y % share at 2022 2023 2023 growth Dec 31, 2023 Mortgages 3,313.79 3,703.51 3,841.32 15.9% 59.8% Vehicle loans 756.93 870.43 905.01 19.6% 14.1% - Auto finance 472.63 553.61 578.74 22.5% 9.0% - Commercial vehicle and 265.32 294.67 304.48 14.8%
Slide 15: Growing digital platforms
Growing digital platforms 15
Slide 16: Robust platforms
Robust platforms Reliable, seamless and scalable platforms, delivering best in class customer experience Retail Internet Banking & iMobile Pay iPlay videos 360+ 400+ Services DIY journeys 100+ Products 20 integrated in VKYC 500+ Services Digital Intuitive Secure and Ecosystem Improved onboarding jou
Slide 17: iMobile Pay – Universal Super App
iMobile Pay – Universal Super App Payments Savings Scan to Pay, Pay to Contact IMPS/NEFT/Quick transfers 10 mn+ Bill Payment and Activations from Deposits and Personal Recharge Non-ICICI Finance Management Bank account Spends Borrow holders1 Instant Loans, Cards, PayLater, Travel, Shopping and Offer
Slide 18: InstaBIZ: Universal app for Business Banking
InstaBIZ: Universal app for Business Banking New developments Lead indicators Average CA balances 2.1x v digitally active vs inactive customer1 Account UPI for Aggregator corporate Payment transactions Inward ~90% done digitally (in Dec Remittance Fund Transfer Revamp 2023)2 Settlement FD Backed For
Slide 19: iLens - ICICI Bank Lending Solution
iLens - ICICI Bank Lending Solution Journey Key functionality New enhancements • Paperless logins • Digital income fetch Integration with Account Onboarding • On the fly decisioning • Digital co-applicant addition Aggregators • In-built waiver & allocation logics • Customized agency dashboards Insta
Slide 20: Digital solutions for merchant ecosystem
Digital solutions for merchant ecosystem • Super merchant account: Zero balance, swipe based benefits • Enabling Eazypay QR onboarding with the linkage of any Bank’s account • Digital POS solutions through Eazypay (POS, UPI, Cards, etc.) • PG: Eazypay Pro , POS: Eazypay Platinum 2.0 • Merchant modul
Slide 21: Digital Solutions for Importers
Digital Solutions for Importers LC Backed Accounts Import Business Incorporation & LC Issuance Regulatory Guidelines Current Account Open Account Import Import Trade Partner Discovery & Collection Regularization Financing Analytics Smart Order Rupee Vostro Bills iBOE Buyers Credit TradeOneView Accou
Slide 22: Simplifying Cross Border Remittances
Simplifying Cross Border Remittances Multi-party cross-border Inward Remittance Get outward remittance documents pre- SmartIRM solution - virtual a/c architecture SmartORM vetted before booking Fx deals Challenges Challenges Manual reconciliation of Account details exposed to Fx deal funding cost lo
Slide 23: Supply chain solutions
Supply chain solutions Product suite Receivable solutions Payable solutions Receivables Dealer Reverse Payable Vendor bill Purchase bill Factoring financing factoring financing discounting finance Increased client requirement for efficient Bespoke solutions leading to operational supply chain manage
Slide 24: Digital sourcing for retail products in 9M-2024
Digital sourcing for retail products in 9M-2024 Personal loan Credit cards (by volume) SIPs initiated (by volume) disbursements (by volume) 1 Mortgages Fixed deposits (Number of sanctions) (by volume) 24 1. Represents insignificant number
Slide 25: Digital payments: credit and debit cards
Digital payments: credit and debit cards Credit card spends Debit card spends 1 Credit card Issued 4.7 mn+ partnerships Amazon Pay cards 1. Excluding proprietory cards 25
Slide 26: Digital payments
Digital payments UPI: P2M1 transactions Electronic toll collections Volume: 30.8% y-o-y Value: 85.0% y-o-y 11.9% y-o-y Market share by value was 19.7% in Dec Market share by value was 28.8% in 2023 Q3-2024 1. Payments to merchants 26
Slide 27: Asset quality trends
Asset quality trends 27
Slide 28: NPA trends
NPA trends (₹ billion) Dec 31, Sep 30, Dec 31, 2022 2023 2023 Gross NPAs1 325.28 298.37 287.75 Less: cumulative provisions 268.77 247.91 233.97 Net NPAs1 56.51 50.46 53.78 Gross NPA ratio1 3.07% 2.48% 2.30% Net NPA ratio1 0.55% 0.43% 0.44% Provision coverage ratio 82.0% 82.6% 80.7% Non-fund o/s to N
Slide 29: NPA movement
NPA movement1 ₹ billion FY2023 Q3-2023 Q2-2024 Q3-2024 Opening gross NPA 339.20 325.71 318.22 298.37 Add: gross additions (1) 186.41 57.23 46.87 57.14 - Retail, rural and business banking 154.90 41.59 43.64 54.822 - Corporate and SME 31.51 15.64 3.23 2.32 Less: recoveries, upgrades and others (2) 16
Slide 30: Resolution under RBI frameworks
Resolution under RBI frameworks (₹ billion) 31-Dec-22 30-Sep-23 31-Dec-23 Retail, rural and business banking1 41.90 30.00 27.82 Corporate and SME1 7.97 5.36 5.36 Total fund based o/s1 49.87 35.36 33.18 Total fund based o/s1 as % of total advances 0.5% 0.3% 0.3% Provisions held on loans under resolut
Slide 31: Standard asset and other provisions
Standard asset and other provisions (₹ billion) Dec 31, Mar 31, Jun 30, Sep 30, Dec 31, 2022 2023 2023 2023 2023 Contingency provisions1 115.00 131.00 131.00 131.00 131.00 Provision on non-fund based o/s to 19.93 20.05 19.64 20.64 20.61 NPAs Provisions on fund based o/s to 15.29 13.80 12.24 11.07 10
Slide 32: Loan portfolio information
Loan portfolio information 32
Slide 33: Diversified and granular loan book
Diversified and granular loan book Breakup of loan portfolio1 at Dec 31, 2023 54.3% 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 46.4% of the to
Slide 34: 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, Sep 30, Dec 31, Rating category1 2020 2021 2022 2023 2023 2023 AA- and above 27.3% 35.3% 36.1% 46.9% 44.5% 41.7% A+, A, A- 36.9% 33.7% 35.7% 26.6% 26.8% 28.1% A- and above 64.2% 69.1% 71.8% 73.5% 71.3% 69.8%
Slide 35: Corporate and SME: BB and below
Corporate and SME: BB and below (₹ billion) Dec 31, Sep 30, Dec 31, 2022 2023 2023 BB and below outstanding1 55.81 47.89 58.53 - Fund and non-fund o/s to borrowers with loans under resolution 8.79 6.82 6.61 - Other borrowers with o/s greater than ₹ 1.00 bn2 26.06 21.91 31.66 - Other borrowers with o
Slide 36: Mortgage portfolio
Mortgage portfolio Mortgage portfolio includes home loans ~69%, top-up loans given to existing home loan customers 6%, office premises loans ~5% and loan against property ~19% Home loans are geographically well diversified, built on fundamental premises of cashflow assessment of underlying borrower
Slide 37: Auto and two wheeler finance
Auto and two wheeler finance Auto loan portfolio comprises 85% new vehicles and 15% 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 38: 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% and kisan credit cards Personal loan disbursements comprise ~2% of the total loan book increased sequentially with focus on cross-selling to our existing customers Leverage opportuni
Slide 39: 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 lend
Slide 40: Exposure to power sector
Exposure to power sector (₹ billion) Dec 31, Sep 30, Dec 31, Share at Dec 2022 2023 2023 31, 2023 (%) Borrowers classified as NPA or part of BB and below portfolio1 50.98 43.82 13.98 2.8% Other borrowers 387.58 399.07 483.33 97.2% Total 438.56 442.89 497.31 100.0% • Of the other borrowers aggregatin
Slide 41: NBFCs, HFCs and builder portfolio
NBFCs, HFCs and builder portfolio Dec 31, Sep 30, Dec 31, Outstanding (₹ billion) 2022 2023 2023 NBFCs1 660.45 799.30 740.50 HFCs1 104.95 38.19 44.34 Builder portfolio (construction finance, lease rental discounting, term loans and working capital) 360.11 430.58 456.85 • Proportion of the NBFC and H
Slide 42: Portfolio of overseas branches
Portfolio of overseas branches Total outstanding1 at Dec 31, 2023: USD 3.17 billion The overseas non-India linked corporate portfolio reduced by 30.4% year-on-year or about USD 116 million at Dec 31, 2023 1. Corporate fund and non-fund outstanding of overseas branches, net of cash/bank/insurance bac
Slide 43: Concentration risk ratios
Concentration risk ratios Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Dec 31, Advances 2021 2022 2023 2023 2023 2023 Exposure to top 20 borrowers1 as a % of total 12.1% 9.6% 8.5% 8.7% 8.6% 8.2% exposure Exposure to top 10 groups 11.6% 10.3% 10.1% 10.5% 10.1% 10.0% as a % of total exposure • All top 20 b
Slide 44: Capital
Capital 44
Slide 45: Strong capital position
Strong capital position Sep 30, 20231 Dec 31, 20232 (₹ billion) % (₹ billion) % Total capital 1,939.11 16.07 1,936.21 14.61 - Tier I 1,852.06 15.35 1,847.42 13.94 - of which: CET1 1,840.66 15.26 1,847.62 13.94 - Tier II 87.05 0.72 88.79 0.67 Risk weighted assets 12,064.06 13,253.25 - On balance shee
Slide 46: Group companies
Group companies 46
Slide 47: Profit after tax of key subsidiaries and associates
Profit after tax of key subsidiaries and associates Profit after tax (₹ billion) Q3- Q2- Q3- FY2023 2023 2024 2024 ICICI Prudential Life Insurance 8.11 2.21 2.44 2.27 ICICI Lombard General Insurance 17.29 3.53 5.77 4.31 ICICI Prudential Asset Management1 15.16 4.20 5.01 5.46 ICICI Securities (Consol
Slide 48: Insurance entities
Insurance entities ICICI Prudential Life Insurance • Value of new business (VNB) was ₹ 14.51 billion in 9M-2024 (9M-2023: ₹ 17.10 billion) • VNB margin was 26.7% in 9M-2024 (FY2023: 32.0%) • Annualised premium equivalent (APE) was ₹ 54.30 billion in 9M-2024 (9M-2023: ₹ 53.41 billion) • New business
Slide 49: ICICI Securities and ICICI AMC
ICICI Securities and ICICI AMC ICICI Securities • NSE active clients1 market share at 5.3% at December 31, 2023 compared to 5.7% at September 30, 2023 • Retail equity market share was 13.1% in Q3-2024 compared to 12.8% in Q2-2024 • Market share in commodity trading segment2 was 7.5% in Q3-2024 compa
Slide 50: Environmental, Social and Governance (ESG) initiatives
Environmental, Social and Governance (ESG) initiatives 50
Slide 51: ESG at ICICI Bank
ESG at ICICI Bank Environment Social Governance Promoting sustainable practices Striving to create value for Being responsible and transparent stakeholders Focus on increasing Indian Green Building Council Project ‘GhanVan’ launched with Micro page developed on the certification of Bank’s premises T
Slide 52: Thank you
PICICI Bank Thank you
Slide 53: Additional financial information
Additional financial information 53
Slide 54: Yield, cost and margin
Yield, cost and margin Movement in yield, costs & FY2023 Q3-2023 9M-2023 Q2-2024 Q3-2024 9M-2024 margins (Percent)1 Yield on total interest-earning 7.87 8.07 7.62 8.64 8.71 8.69 assets2 - Yield on advances 8.94 9.13 8.65 9.81 9.79 9.82 Cost of funds 3.93 3.95 3.80 4.78 4.96 4.79 - Cost of deposits 3
Slide 55: Consolidated profit & loss statement
Consolidated profit & loss statement Q3-o-Q3 (₹ billion) FY2023 Q3-2023 9M-2023 Q2-2024 Q3-2024 9M-2024 growth Net interest income 705.23 186.41 505.64 210.30 214.57 632.25 15.1% Non-interest income 651.12 162.41 456.29 183.54 186.14 519.46 14.6% - Fee income 228.72 57.09 168.03 68.88 70.64 201.48 2
Slide 56: Consolidated profit & loss statement
Consolidated profit & loss statement (₹ billion) Q3-o-Q3 FY2023 Q3-2023 9M-2023 Q2-2024 Q3-2024 9M-2024 growth Operating profit 531.96 143.70 379.91 154.74 161.62 472.95 12.5% Contingency provisions 56.50 15.00 40.50 - - - - Other provisions 12.90 9.34 11.68 6.49 10.20 30.14 9.2% Profit before tax 4
Slide 57: Key ratios (consolidated)
Key ratios (consolidated) Percent FY2023 Q3-2023 9M-2023 Q2-2024 Q3-2024 9M-2024 Return on equity1 17.3 17.5 16.6 18.9 18.5 18.9 Weighted average EPS1 (₹) 48.9 50.0 46.1 61.9 62.7 62.0 Book value (₹) 307 293 293 331 347 347 slide 9 1. Annualised for all interim periods 57
Slide 58: Balance sheet: liabilities
Balance sheet: liabilities (₹ billion) Dec 31, 2022 Sep 30, 2023 Dec 31, 2023 Net worth 1,912.69 2,160.49 2,268.37 - Equity capital 13.96 14.01 14.03 - Reserves 1,898.73 2,146.48 2,254.34 Deposits 11,220.49 12,947.42 13,323.15 - Current 1,456.26 1,553.04 1,534.11 - Savings 3,632.16 3,723.26 3,745.84
Slide 59: Composition of borrowings
Composition of borrowings (₹ billion) Dec 31, 2022 Sep 30, 2023 Dec 31, 2023 Domestic 999.65 883.38 947.38 - Capital instruments 82.60 39.66 28.38 - Other borrowings 917.05 843.73 919.00 - Long term infrastructure bonds 459.04 459.09 460.18 - Refinance 292.77 325.81 387.12 Overseas borrowings1 305.8
Slide 60: Consolidated balance sheet
Consolidated balance sheet (₹ billion) Dec 31, 2022 Sep 30, 2023 Dec 31, 2023 Cash & bank balances 1,398.80 1,291.02 1,214.49 Investments 6,125.58 7,152.64 7,548.65 Advances 10,380.91 11,821.09 12,291.98 Fixed & other assets 966.80 983.75 1,025.06 Total assets 18,872.09 21,248.50 22,080.18 Net worth
Slide 61: Branch and ATM network
Branch and ATM network Branches % share at Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Dec 31, Dec 31, 2021 2022 2023 2023 2023 2023 2023 Metro 1,542 1,567 1,709 1,775 1,838 1,882 29.5% Urban 1,063 1,074 1,160 1,203 1,250 1,298 20.4% Semi urban 1,537 1,599 1,712 1,753 1,797 1,814 28.5% Rural 1,124 1,178
Slide 62: Balance sheet: assets
Balance sheet: assets (₹ billion) Dec 31, Sep 30, Dec 31, 2022 2023 2023 Cash & bank balances 1,224.71 1,094.62 993.28 Investments 3,370.51 4,132.53 4,366.50 - SLR investments 2,867.42 3,480.84 3,683.42 - Equity investment in subsidiaries1 69.78 69.78 69.78 Advances 9,740.47 11,105.42 11,537.71 Fixe
Slide 63: Equity investment in subsidiaries
Equity investment in subsidiaries (₹ billion) Dec 31, Sep 30, Dec 31, 2022 2023 2023 ICICI Prudential Life Insurance 32.75 32.75 32.75 ICICI Bank Canada 9.96 9.96 9.96 ICICI Bank UK 9.70 9.70 9.70 ICICI Home Finance 13.62 13.62 13.62 ICICI Securities Limited 1.22 1.22 1.22 ICICI Securities Primary D
Slide 64: Portfolio composition
Portfolio composition Dec 31, 2022 Sep 30, 2023 Dec 31, 2023 Domestic 92.8% 93.4% 93.4% International 7.2% 6.6% 6.6% Total consolidated advances 10,381 11,821 12,292 (₹ billion) slide 13 64
Slide 65: Retail, rural and business banking NPAs
Retail, rural and business banking NPAs Dec 31, Sep 30, Dec 31, ₹ in billion 2022 2023 2023 Gross retail, rural and business banking NPAs 122.45 128.52 137.88 - as a % of gross advances 1.78% 1.61% 1.65% Net retail, rural and business banking NPAs 43.51 44.25 48.81 - as a % of net advances 0.64% 0.5
Slide 66: Sector-wise exposures
Sector-wise exposures Top 10 sectors1: % of total Mar 31, Mar 31, Mar 31, Jun 30, Sep 30, Dec 31, exposure of the Bank 2021 2022 2023 2023 2023 2023 Retail finance2 33.9% 36.3% 38.3% 38.8% 39.2% 39.8% Services – finance 9.9% 8.9% 8.7% 8.9% 8.4% 8.2% Rural 6.3% 5.8% 6.2% 6.2% 6.1% 6.2% Wholesale/reta
Slide 67: Consolidated capital adequacy
Consolidated capital adequacy Basel III (%) Sep 30, Dec 31, 20231 20232 Total capital 15.94% 14.38% - Tier I 15.23% 13.73% - of which: CET 1 15.15% 13.73% - Tier II 0.71% 0.65% • Including profits for 9M-2024, CET 1 ratio was 15.77%, Tier I ratio was 15.77% and total capital adequacy ratio was 16.42
Slide 68: Insurance entities
Insurance entities ICICI Life (₹ billion) FY2023 Q3-2023 Q2-2024 Q3-2024 Annualised premium equivalent 86.40 18.21 20.62 19.07 - Of which: protection 15.04 3.40 3.90 3.58 Assets under management 2,511.91 2,518.84 2,719.03 2,866.76 Expense ratio1 21.5% 19.5% 25.0% 23.9% ICICI General (₹ billion) FY20
Slide 69: ICICI Bank UK
ICICI Bank UK (USD million) FY2023 Q3-2023 9M-2023 Q2-2024 Q3-2024 9M-2024 Net interest income 52.6 13.8 36.7 16.5 16.7 50.6 Operating profit 21.7 7.9 11.9 8.0 10.0 29.1 Loans and advances 997.2 1,021.9 1,021.9 1,056.6 1,070.3 1,070.3 Deposits 1,617.4 1,529.8 1,529.8 1,591.1 1,834.3 1,834.3 - Retail
Slide 70: ICICI Bank UK asset and liability profile
ICICI Bank UK1 Asset profile Liability profile 2 Total assets: USD 2.35 bn Total liabilities: USD 2.35 bn 1. At Dec 31, 2023 2. Includes cash & advances to banks and T Bills 70
Slide 71: ICICI Bank Canada
ICICI Bank Canada (CAD million) FY2023 Q3-2023 9M-2023 Q2-2024 Q3-2024 9M-2024 Net interest income 84.2 25.0 57.4 30.7 30.2 88.3 Operating profit 65.6 19.3 44.9 27.4 24.4 73.6 Loans and advances 5,182.1 5,153.0 5,153.0 5,269.8 5,299.0 5,299.0 - Residential mortgages 3,741.5 3,752.9 3,752.9 3,706.9 3
Slide 72: ICICI Bank Canada asset and liability profile
ICICI Bank Canada1 Asset profile Liability profile 2 4 3 Total assets: CAD 6.11 bn Total liabilities: CAD 6.11 bn 1. At Dec 31, 2023 2. Includes cash & placements with banks and government securities 3. Insured mortgages include CAD 2,236.3 million of securitised mortgages at Dec 31, 2023 (Sep 30, 2
Slide 73: ICICI Home Finance
ICICI Home Finance1 (₹ billion) Sep 30, 2023 Dec 31, 2023 Loans and advances 193.66 208.28 Gross impaired loans (stage 3)2 4.83 4.28 Net impaired loans (stage 3) 2.39 2.58 Capital adequacy ratio 21.96% 21.07% slide 47 1. As per Ind AS 2. Includes nil commercial real estate loans as at Dec 31, 2023 (