Source: Reserve Bank of Indias Report on Trend and Progress of Banking in India

FY15 Data

Industry

Company

Financial

Risk

Conclusion


1479
1342 1313 1349

1415*

1174
977
819 857

597
413

495

FY05 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14 FY15 FY16

Source: Reserve Bank of India

FY16 Data Till May, 29

Industry

Company

Financial

Risk

Conclusion

103.4

102.88

102.17

76.4
67.1

57.6

28.7
18.2

17.9

6.4
FY09

5.8
FY10
Public Banks

31.38

30.65

20.2
5.9
FY11

7.68
FY12

Private Banks

7.78

FY13

7.6
FY14

Foreign Banks
Source: Reserve Bank of India,
Indian Banking Association

Industry

Company

Financial

Risk

Conclusion

4.43%
3.81%

3.54%

ICICI

SBI

Axis Title

3.48%

HDFC

AXIS
Source: Company Reports

Industry

Company

Financial

Risk

Conclusion

4.46%

4.02%
1.83%

Public Sector

Private Sector

Foreign Banks

2.56
2.01
1.53
1.09
0.66

1.01

0.61
0.46

0.42

2012

2013

Public Sector

2014

Private Sector

Foreign Banks

Source: Indian Banking Association

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

103.8

84.1

76.4

74.8

FY11

FY12

89.7

66.9
53.9

FY09

FY10

FY13

FY14

FY15

Source: Reserve Bank of India

Industry

Company

Financial

Risk

Conclusion

2415

2435

2016F

2017F

2044
1729

1403
896

971

2011

2012

2013

2014

2015F

Source: Reserve Bank of India

Business Monitor International (BMI)

Industry

Company

Financial

Risk

Conclusion

62.58%

Market Profile
Bloomberg Ticker

29.02%

ICICIBC IN

Closing Price

8.39%

283.5

52 week Price Range

267.15 393.40

Market Capitalization

1645.78 billion

EPS (ttm)

21.60

Beta

0.34

P/E (TTM)

13.12

Industry

70.97%

Company

Financial

Risk

Conclusion

Others
1.4%

Foreign
Operations
8.4%

Retail Banking
29.5%
Treasury
39.2%

Domestic
Operations
91.6%

Wholesale
Banking
29.9%

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

Industry

Company

Financial

Risk

Conclusion

30%

% Growth

Revenue

600,000

25%

500,000

20%

400,000

15%

300,000

10%

200,000

5%

100,000

0%

4%

0
2013

2014

2015

2016E

2017E

FY 2015

FY 2016E

FY 2017E

FY 2018E

SALES

269034

312157

35175

414291

518869

ROAA

1.7

1.8

1.8

2.1

PAT

98105

111754

127699

161754

185471

P/E

17.9

15.8

13.8

10.9

11.2

Financial

4%

350

3%

300

3%

250

3%

200

3%

150

3%

100

3%

50
0
2013

FY 2014

Company

400

3%

2018E

IN MILLIONS INR

Industry

NIM(%)

Risk

2014

2015

2016E

2017E

2018E

40.49%
38.25%
36.83%

35.14%

2013

2014

Conclusion

2015

2016

34.64%

2017

33.89%

2018

Industry

Company

Financial

Risk

Conclusion

moderate

Volatility in
Forex Rates

Over
dependence on
domestic market

Asset Liability
Mismatch

Bad Credit
Quality of Loans

Compliance
Failures

low

Probability

high

RBI Policy
Changes

insignificant

moderate

Industry wise
default
severe

Impact
Industry

Company

Financial

Risk

Conclusion

Credit

Market

Regulatory

Operational

Industry

Company

Financial

Risk

Conclusion