ICICI Group: Performance

& strategy
September 2014

Certain statements in these slides are forward-looking statements.

These statements are based on management's current expectations and
are subject to uncertainty and changes in circumstances. Actual results
may differ materially from those included in these statements due to a
variety of factors. More information about these factors is contained in
ICICI Bank's filings with the US Securities and Exchange Commission.
All financial and other information in these slides, other than financial
and other information for specific subsidiaries where specifically
mentioned, is on an unconsolidated basis for ICICI Bank Limited only
unless specifically stated to be on a consolidated basis for ICICI Bank
Limited and its subsidiaries. Please also refer to the statement of
unconsolidated, consolidated and segmental results required by Indian
regulations that has, along with these slides, been filed with the stock
exchanges in India where ICICI Banks equity shares are listed and with
the New York Stock Exchange and the US Securities and Exchange
Commission, and is available on our website www.icicibank.com

Agenda
Performance highlights
Strategy & outlook

Our
objective

Sustainable & profitable growth

Balance sheet
strength

Healthy loan mix &

growth

Robust funding
profile

Profitability
improvement

Building granular &

stable income
streams

Efficiency of
operations

Sustaining strong diversified financial services franchise

Lending

Healthy mix and calibrated growth

` 3,387 bn

` 2,902 bn

` 2,537 bn
` 2,164 bn

6%

7%

27%

Mar 2011
Unsecured retail

36%

37%

2%

26%

26%

30%

30%

37%

37%

33%

29%

37%

4%

25%

25%
28%

5%

` 3,471 bn

4%

Mar 2012
Secured retail

2%

1%

1%

Mar 2013

Mar 2014

Domestic corporate

2%

Jun 2014

Overseas branches

SME

15.2% y-o-y credit growth at June 2014 driven by

robust retail loan growth

Retail
lending

Secured lending driving 20%+ portfolio growth

Home loans

June 2013

June 2014

Auto loans

June 2013

June 2014

Business banking

June 2013

Along with healthy growth in rural loans

Continued focus on risks:

Calibrated approach to CV lending

Unsecured portfolio size continues to remain low

June 2014

Building a low cost and granular base

Funding

CASA deposits
42%

45%

43%

42%

43%

Retail deposits
~76%1

43%
~50%

29%

~50%
~24%

Mar
2009

Mar
2010

Mar
2011

Mar
2012
Savings

Mar
2013

Mar
2014

Jun
2014

Mar 2009
Retail/domestic

Current

1.

Jun 2014
Wholesale/domestic

Includes FCNR(B) deposits

Increasing proportion of CASA and retail deposits

Funding

Growth driven by retail deposit franchise

Savings deposits

June 2013

June 2014

Retail deposits

June 2013

June 2014

Driven by continued investments in physical and

technological infrastructure

Granular
income

Sustained improvement across businesses

Domestic NIM

Improvement in funding base

International NIM
1.71%

1.23%

1.63%

1.34%

0.88%

FY2011

FY2012

FY2013

FY2014

Q1-2015

Bond/loan repayments covered

by asset maturities; no
refinancing risk; higher liquidity
maintained on June 30, 2014

Granular
income

Substantial increase in overall NIMs

Overall NIM
3.40%
3.33%

3.11%

2.64%

FY2011

2.73%

FY2012

FY2013

FY2014

Driven by profit and

margin focus across
domestic and international
businesses

Q1-2015

~70 bps improvement in overall NIM since FY2011

10

Granular
income

Steady fee streams

Focus on building granular and stable revenues
Key growth areas
Retail fees
~45%
~55%

Forex & derivative

Commercial banking

Retail

Non-retail

Overall fee growth at 8% y-o-y for Q1-2015; healthy

growth in retail fees

11

Granular
income

FY2010

Regular and increasing dividend income

FY2013

FY2014

Remains healthy with increased

payout by ICICI Life
Diversified financial services
franchise yielding high returns
Dividend income of over ` 4
billion in Q1-2015

Contributing to increase in non-interest income

12

Operating
efficiency

Driving efficiency on larger network and business

Cost-income %
43%

42%

Best in class cost-income

ratios

41%

38%

FY2011

FY2012

FY2013

FY2014

38%

Despite significant scale

up in infrastructure

Q1-2015

Focus on cost efficiency to continue

13

Return
profile

Consistent delivery against stated objectives

Standalone RoA FY2014
FY2013
1.66%

FY2009

1.76%

About 80 bps improvement

over FY2009

<1.0%

Consolidated RoE FY2014

FY2009
<8.0%

FY2013
14.7%

14.9%

Near doubling of
consolidated RoE since
FY2009

Q1-2015: standalone RoA of 1.82%1

and consolidated RoE of 14.6%1
1.
14

annualised

Agenda
Performance highlights
Strategy & outlook

15

Well positioned for recovery in

economic activity

Key
strengths

Continued focus on sustaining and

enhancing franchise across financial
service businesses

Diversified
business lines
Investments in
distribution
network
Strong capital
position

1.
16

Largest branch network among private

sector banks supplemented with large
ATM network
Leadership in leveraging technology
Strong capital base with CAR of 17.39%1
with Tier 1 ratio of 12.62% 1at June 30,
2014

Including profits for Q1-2015

Diversified
business
lines

Strong franchise across segments (1/2)

Largest private sector bank in India
Continued focus on enhancing retail franchise;
investing in semi-urban & rural markets
Well established corporate franchise along with
overseas presence
Renewed growth momentum
Leadership among private sector players
Healthy profitability
Leadership among private sector players
Focus on strengthening franchise and profitability

17

Diversified
business
lines

Strong franchise across segments (2/2)

Improved market position to second largest mutual

fund in India in terms of overall AUM
Strong fund performance

Increase in market share in broking

Focus on maintaining profitability
Improvement in market conditions favourable for
business outlook

18

Investments in
distribution

Significant scale up in branch & ATM network

Network of 3,763 at Jun 2014;

largest in private sector banks
Supplemented by >11,000
ATMs

Branch network

Metro Urban Semi Urban Rural

3,753

4000

3,763

3,100

3500
3000

2,529

2,752

2500

Largest rural branch network

among private sector banks
~75% of branch additions
since March 2012 in rural and
semi-urban areas

19

2000

1,707

1500
1000

500
0
Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Jun-14

Technology

Continued leadership in technology

Facilitating faster and more convenient processes

Reducing transaction costs and improving customer
experience

20

Technology

Key initiatives during recent years

Leveraging social
networking platforms

Tab banking

Focus on mobile
Supporting
banking;
customer service & Money2India Mobile
cost efficiency
App for NRIs

Redesigned &
customised website

Comprehensive
solutions: online
tendering, electronic
toll collection

Leveraging mobility, digitisation and

innovations in payments technology
21

24x7 touch banking:

facilitating day-to-day
transactions

Technology

Tab banking

Mobile banking

Touch
banking &
kiosks

Improving throughput & productivity

Significantly reduced processing time for opening
accounts
About 25-30% of the savings accounts opened every
month are sourced using tab banking
6x increase in number of transactions since March 2012
~25% market share based on value of transactions
Network of 101 touch banking branches; facilitating
banking transactions 24x7
Self service kiosks installed in several other branches;
basic transactions facilitated through such platforms

Scale benefits of these initiatives are

yet to be realised
22

Capital
position

Healthy capital ratios

Standalone capital
17.4%1 12.6%1
Tier I

CAR

Consolidated Basel III total capital

adequacy ratio at 18.0%1, tier 1 ratio at
12.9%1 at June 30, 2014

June 30, 2014

Among the best capitalised large Indian banks

1.
23

Including profits for Q1-2015

Key priorities for FY2015

24

Our
approach

Key priorities

We are targeting credit growth with focus on selected

areas; retail lending to be a key driver

We will continue to support this growth with a robust

funding profile
We will continue to focus on productivity & operating
efficiency as a profitability driver

25

Lending

Targeting healthy growth and mix

Targeting 2-4% higher than system domestic loan

growth

Retail portfolio to continue to be the key driver for

growth
Growth in corporate (including overseas branches) &
SME portfolios to be calibrated to the environment

26

Retail
assets

Focus on traditional segments to continue

Home
loans

Sustaining momentum in disbursements

Auto
loans

Calibrated disbursement growth given

underlying market trends and pricing
However, book growth would be relatively high

CV

Unsecured
loans

27

Moderate growth given economic scenario

Significant growth off low base with close
monitoring of asset quality trends; portfolio size
to be low proportion of total loans

Retail
assets

New growth areas

Small business loans
Small value and well collateralised lending to small
businesses
Closely linked to current account deposits

Rural markets
Building granular and diversified portfolio while
maintaining focus on portfolio asset quality
Leveraging increase in geographical presence and larger
distribution to increase volumes

28

Domestic
corporate &
SME

Calibrated approach to continue

Moderate improvement in growth over FY2014

levels expected, with

Domestic
corporate &
SME loans

Focus on higher rated credit

Focus on working capital and short term loans
Continued close monitoring of portfolio

29

International
business

Focus on profitability and returns

Branches

Lending primarily
to Indian
corporates
Subsidiaries
Regulatory
expectations
impacting
business model
High capital levels

30

Growth calibrated to global funding

markets & Indian corporate credit demand
Focus on commercial banking, including
working capital facilities for Indian
companies abroad and MNCs engaged in
trade with India
Continued focus on optimising capital
Focus on short term loans, working
capital lines, trade & transaction banking
products to MNCs, select local market
corporates & Indian companies abroad

Funding
profile

Targeting healthy growth in CASA deposits

Expanded branch network

Significant investments made in technology
Focus on leveraging investments made so far

Average CASA ratio maintained in 38-40% range

since FY2011

31

In
summary

Sustained focus on strengthening franchise

Achieved
significant
improvement in
balance sheet &
operating
parameters
2009 onwards

Driving
structural
improvements
32

Scaled up retail
business; continued
investments in
distribution &
technology
2011 onwards

Focus on
profitable credit
growth;
enhancing
franchise

Focus on sustaining
profitability metrics
& leveraging growth
opportunities
Outlook going forward

Well-positioned
for economic
recovery

Thank you

33

Q1-2015: Performance highlights

Profitability

16.8% increase in standalone profit after tax from `

22.74 bn in Q1-2014 (April-June 2013) to ` 26.55 bn in
Q1-2015 (April-June 2014)

34

Net interest income increased by 17.6% year-on-year;

net interest margin improved from 3.27% in Q1-2014 to
3.40% in Q1-2015

Consolidated profit after tax at ` 28.32 bn in Q1-2015;

consolidated return on average networth
(annualised) at 14.6%

Q1-2015: Performance highlights

Balance sheet
Advances increased by 15.2% year-on-year to `
3,470.67 billion at June 30, 2014
Retail advances growth at 26.4% year-on-year at
June 30, 2014
Domestic corporate loan growth at 7.7%

Period end CASA ratio at 43.0% at June 30, 2014

compared to 43.2% at June 30, 2013 and 42.9%
at March 31, 2014

35

Average CASA ratio at 39.5% for Q1-2015

compared to 39.1% in Q4-2014

Net NPA ratio at 0.87% at June 30, 2014 (March

31, 2014: 0.82%; June 30, 2013: 0.69%)

Standalone results

36

Profit & loss statement

(` billion)

Q1-o-Q1
Q1-2014 Q4-2014 Q1-2015 growth FY2014
NII
Non-interest
income

38.20

43.57

44.92

17.6%

164.75

24.84

29.76

28.50

14.7%

104.28

- Fee income
- Other income
- Treasury income
Total income

17.93
2.88
4.03
63.04

19.74
7.571
2.45
73.33

19.36
5.261
3.88
73.42

8.0%
82.0%
(3.7)%
16.5%

77.58
16.531
10.17
269.03

Operating
expenses
Operating profit

24.90
38.14

28.79
44.54

28.25
45.17

13.4%
18.4%

103.09
165.94

1.

37

Includes ` 2.22 billion and ` 1.03 billion of exchange rate gains on repatriation of retained
earnings from overseas branches in Q4-2014 and Q1-2015 respectively

Profit & loss statement

(` billion)

Q1-o-Q1
Q1-2014 Q4-2014 Q1-2015 growth FY2014
Operating profit
Provisions
Profit before tax
Tax
Profit after tax
1.

38

38.14

44.54

45.17

18.4%

165.94

5.93

7.14

7.26

22.4%

26.26

32.21

37.40

37.91

17.7%

139.68

9.47

10.881

11.361

20.0%

41.581

22.74

26.52

26.55

16.8%

98.10

The Reserve Bank of India (RBI), through its circular dated December 20, 2013, had
advised banks to create deferred tax liability (DTL) on the amount outstanding in Special
Reserve, as a matter of prudence. In accordance with RBI guidelines, during the year
ended March 31, 2014 the Bank created DTL of 14.19 billion on Special Reserve
outstanding at March 31, 2013, by reducing the reserves. Further, tax expense for Q42014, FY2014 and Q1-2015 includes impact of DTL on Special Reserve, of 0.89 billion,
3.04 billion and 0.95 billion respectively. No provision for DTL on Special Reserve was
made in Q1-2014.

Key ratios
(Percent)
Movement in yield, costs &
margins
Yield on total interest earning
assets1

Q12014

Q12015

FY
2014

8.92

8.96

8.90

8.92

Cost of funds1

6.30

6.20

6.19

6.21

Net interest margin1

3.27

3.35

3.40

3.33

Q12014

Q42014

Q12015

FY
2014

Return on average networth1

13.3

14.6

14.3

13.7

Return on average assets1

1.75

1.86

1.82

1.76

Weighted avg EPS (`)1

79.1

93.1

92.2

85.0

Book value (`)

607

634

657

634

Fee to income

28.5

27.0

26.4

28.9

Cost to income

39.4

39.2

38.4

38.2

Average CASA ratio

39.0

39.1

39.5

39.4

1.
39

Q42014

Annualised for all interim periods

Balance sheet: Assets

June 30,
2013
Cash & bank balances
Investments

- SLR investments
- Equity investment in
subsidiaries
- RIDF1 and related
Advances2
Fixed & other assets
Total assets2

1.
2.
40

(` billion)

March 31,
2014

326.87

415.30

June 30,
2014
422.01

Y-o-Y
growth

1,746.25

1,770.22

1,701.53

(2.6)%

994.21

951.65

967.40

(2.7)%

120.23
198.31

120.23
248.19

120.23
241.20

21.6%

3,013.70
398.77
5,485.59

3,387.03
373.87
5,946.42

3,470.67
289.34
5,883.55

15.2%
(27.4)%
7.3%

29.1%

Net investment in security receipts of asset reconstruction companies

was ` 9.25 bn at June 30, 2014 (March 31, 2014: ` 8.84 bn)

Rural Infrastructure Development Fund

Including impact of exchange rate movement

Composition of loan book (y-o-y)

June 30, 2013

June 30, 2014

SME
4.4%

SME
4.6%

Overseas 1
branches
26.9%

Retail 3
business
36.0%

Domestic
2
corporate
32.5%

Total loan book: ` 3,014 bn

1.
2.
3.
41

Including impact of exchange rate movement

Domestic corporate loans include builder finance
Including buyouts & inter-bank participation
certificates

Overseas
branches1
25.6%

Retail
business 3
39.6%

Domestic
2
corporate
30.4%

Total loan book: ` 3,471 bn

Composition of retail loan book (y-o-y)

June 30, 2013
Cre dit cards
Pe rsonal loans
2 .8 %
1 .7 %
B usine ss
banking
5 .8 %

June 30, 2014

Credit cards
2.6%

Business banking
5.6%

Ot he rs
1 2 .1 %

Ve hicle loans
2 2 .7 %

Others
14.0%
1

Home
54.1%

H ome
5 4 .9 %

Total retail loan book: ` 1,085 bn

Vehicle loans 2
20.3%

Total retail loan book: ` 1,372 bn

Total retail advances growth of 26.4%

1.
2.
42

Personal loans
3.4%

June 30, 2013 :Vehicle loans includes auto loans

10.2%, commercial business 12.5%
June 30, 2014: Vehicle loans includes auto loans
11.8%, commercial business 8.5%

Composition of loan book (q-o-q)

March 31, 2014

June 30, 2014

SME
4.4%

SME
4.4%

Overseas
1
branches
26.5%

Retail
3
business
39.0%

Domestic
2
corporate
30.1%

Total loan book: ` 3,387 bn

1.
2.
3.
43

Including impact of exchange rate movement

Domestic corporate loans include builder finance
Including buyouts & inter-bank participation
certificates

Overseas
branches1
25.6%

Retail
business 3
39.6%

Domestic
2
corporate
30.4%

Total loan book: ` 3,471 bn

Composition of retail loan book (q-o-q)

March 31, 2014
Credit cards
2.5%

Personal loans
3.0%

June 30, 2014

Credit cards
2.6%

Personal loans
3.4%

Business banking
5.6%

Business banking
6.0%

Others
14.0%

Others
14.1%
Home
53.5%

Vehicle loans
20.9%

2.
44

Vehicle loans
20.3%

Total retail loan book: ` 1,320 bn

1.

Home
54.1%

Total retail loan book: ` 1,372 bn

March 31, 2014: Vehicle loans includes auto loans

11.5%, commercial business 9.4%
June 30, 2014: Vehicle loans includes auto loans
11.8%, commercial business 8.5%

Equity investment in subsidiaries

June 30,
2013

June 30,
2014

ICICI Prudential Life Insurance

35.93

35.93

35.93

ICICI Bank Canada

30.51

30.51

30.51

ICICI Bank UK

21.20

21.20

21.20

ICICI Lombard General Insurance

14.22

14.22

14.22

ICICI Home Finance

11.12

11.12

11.12

ICICI Bank Eurasia LLC

3.00

3.00

3.00

ICICI Securities Limited

1.87

1.87

1.87

ICICI Securities Primary Dealership

1.58

1.58

1.58

ICICI AMC

0.61

0.61

0.61

ICICI Venture Funds Mgmt

0.05

0.05

0.05

Others

0.14

0.14

0.14

120.23

120.23

120.23

Total

45

March 31,
2014

(` billion)

Balance sheet: Liabilities

June 30,
2013

March 31,
2014

(` billion)
June 30,
2014

Y-o-Y
growth

Net worth

700.79

732.14

758.99

8.3%

- Equity capital
- Reserves1

11.54
689.25

11.55
720.59

11.56
747.43

0.2%
8.4%

Deposits

2,911.85

3,319.14

3,357.67

15.3%

- Savings
- Current
Borrowings2,3

888.53
369.81
1,559.20

991.33
432.45
1,547.59

1,027.36
416.78
1,459.46

15.6%
12.7%
(6.4)%

313.75

347.55

307.42

(2.0)%

5,485.59

5,946.42

5,883.55

7.3%

Other liabilities
Total liabilities3

During the three months ended December 31, 2013, the Bank has created a DTL of ` 14.19 billion
on Special Reserve outstanding at March 31, 2013, by reducing the reserves
2. Borrowings include preference shares amounting to ` 3.50 bn
3. Including impact of exchange rate movement
1.

46

Credit/deposit ratio of 80.5% on the domestic balance

sheet at June 30, 2014

Composition of borrowings
June 30,
2013

June 30,
2014

Domestic

837.82

718.39

621.65

- Capital instruments1

384.74

385.01

385.45

- Other borrowings

453.08

333.38

236.21

Overseas2

721.38

829.20

837.81

20.15

20.34

20.43

- Other borrowings

701.23

808.86

817.38

Total borrowings2

1,559.20

1,547.59

1,459.46

- Capital instruments

1.
2.

47

March 31,
2014

(` billion)

Includes preference share capital ` 3.50 bn

Including impact of exchange rate movement

Capital instruments constitute 62.0% of domestic borrowings

Capital adequacy
Standalone Basel III
Total Capital

- Tier I
- Tier II

637.38
245.13

12.78%
4.92%

June 30, 20141,2

` bn
%
881.29
17.00%

634.18
247.11

Risk weighted assets

4,986.03

5,184.02

-On balance sheet

-Off balance sheet

3,930.53
1,055.49

4,055.52
1,128.50

1.
2.

48

March 31, 2014

` bn
%
882.51
17.70%

12.23%
4.77%

In line with the applicable guidelines, the Basel III capital ratios reported by the Bank for
the interim periods do not include profits for the period
Capital ratios at June 30, 2014 include the impact of credit value adjustment on derivative
exposures and capital charge required for borrowers with unhedged foreign currency
exposures, in accordance with the Reserve Bank of India guidelines

Including the profits for Q1-2015, the capital adequacy ratio for the
Bank as per Basel III norms would have been 17.39% and the Tier I
ratio would have been 12.62%

Asset quality and provisioning

June 30,
2013
Gross NPAs

June 30,
2014

100.57

105.54

110.01

Less: Cumulative provisions

75.85

72.53

75.27

Net NPAs

24.72

33.01

34.74

0.69%

0.82%

0.87%

Net NPA ratio

1.
49

March 31,
2014

(` billion)

Gross retail NPLs at ` 37.89 bn and net retail NPLs at ` 8.46 bn

at June 30, 2014 compared to ` 54.11 bn and ` 7.76 bn
respectively at June 30, 2013
Provisioning coverage ratio of 68.4% at June 30, 2014
computed in accordance with RBI guidelines
Net loans to companies whose facilities have been restructured
at ` 112.65 bn at June 30, 2014 compared to ` 105.58 bn at
March 31, 2014 and ` 59.15 bn at June 30, 2013
Outstanding general provision on standard assets: ` 20.36 bn at
June 30, 20141
Including general provisions on standard restructured
loans

Movement of NPA

(` billion)

Q1-2014

Q1-2015

Opening gross NPA

96.47

104.48

105.54

Add: Gross additions

11.16

12.41

11.95

Less: Gross deletions

3.10

4.16

3.56

Net additions

8.06

8.25

8.39

Less: Write-offs & sale

3.96

7.19

3.92

Closing balance of gross NPAs

100.57

105.54

110.01

Gross NPA ratio1

2.76%

2.56%

2.69%

1.

50

Q4-2014

Based on customer assets

Distribution network
At March
31, 2014

At June
30, 2014

% of mix
at Jun
30, 2014

At March
31, 2012

At March
31, 2013

Metro

816

865

935

940

25.0%

Urban

720

782

865

865

23.0%

Semi Urban
Rural
Total
branches
ATMs
Total ATMs

904
312

989
464

1,114
839

1,114
844

29.6%
22.4%

2,752

3,100

3,753

3,763

100.0%

9,006

10,481

11,315

11,447

Branches

51

Consolidated results

52

Consolidated profit & loss statement

(` billion)

NII

17.0%

Non-interest income

66.81

88.07

69.20

300.85

3.6%

- Fee income

20.32

22.29

22.77

87.75

12.1%

- Premium income

37.61

59.77

39.41

193.32

4.8%

8.88

6.01

7.02

19.78

(20.9)%

112.56

140.45

122.71

498.54

9.0%

65.76

91.76

71.53

306.67

8.8%

46.80

48.69

51.18

191.87

9.4%

- Other income
Total income

Operating expenses
Operating profit

53

Q1-2014 Q4-2014 Q1-2015 FY2014

52.38
53.51
45.75
197.69

Q1-o-Q1
growth

Consolidated profit & loss statement

(` billion)

Operating profit
Provisions
Profit before tax
Tax
Minority interest
Profit after tax

54

Q1-2014
46.80
6.57
40.23
11.08
1.68
27.47

Q1-o-Q1
Q4-2014 Q1-2015 FY2014 growth
48.69
51.18 191.87
9.4%
8.12
8.14
29.00
23.9%
40.57
43.04 162.87
7.0%
11.84
13.22
46.10
19.3%
1.49
1.50
6.36
(10.7)%
27.24
28.32 110.41
3.1%

Consolidated balance sheet

June 30,
2013
Cash & bank balances
Investments
Advances
Fixed & other assets
Total assets

June 30,
2014

Y-o-Y
growth

411.60
2,587.01
3,441.08
482.58
6,922.27

482.58
2,676.09
3,873.42
443.17
7,475.26

506.43
2,668.17
3,960.23
356.95
7,491.78

23.0%
3.1%
15.1%
(26.0)%
8.2%

726.05

764.30

794.52

9.4%

18.48

20.11

22.20

20.1%

Deposits

3,145.27

3,595.13

3,639.17

15.7%

Borrowings

1,834.67

1,835.42

1,763.91

(3.9)%

694.29

749.27

801.98

15.5%

503.51
6,922.27

511.03
7,475.26

470.00
7,491.78

(6.7)%
8.2%

Net worth
Minority interest

Liabilities on policies
in force
Other liabilities
Total liabilities

55

March 31,
2014

(` billion)

Key ratios (consolidated)

Q12014

Q12015

FY
2014

Return on average
networth1,2 (consolidated)

15.6

14.2

14.6

14.9

Weighted avg EPS (`)2

95.5

95.7

98.3

95.7

Book value (`)

628

660

686

660

1.
2.

Based on quarterly average networth

Annualised for all interim periods

Consolidated Basel III

Total Capital

- Tier I
- Tier II

56

Q42014

(Percent)

March 31, 2014

18.34%

June 30, 20141

17.57%

13.11%
5.23%

12.52%
5.05%

1.

In line with the applicable guidelines, the Basel III capital ratios reported by the Bank for
the interim periods do not include profits for the period

Including the profits for Q1-2015, the capital adequacy ratio for the
Bank as per Basel III norms would have been 17.95% and the Tier I
ratio would have been 12.90%

Overseas subsidiaries

57

ICICI Bank UK asset profile

March 31, 2014
Bonds/notes of
Asset backed
financial
securities Other assets &
institutions
investments
1.7%
India linked
1.0%
3.0%
investments
5.6%
Cash & liquid
securities 1
26.7%

June 30, 2014

Bonds/notes of Asset backed
securities Other assets &
financial
1.9%
investments
institutions
5.3%
0.9%
India linked
investments
7.0%
Cash & liquid
1
securities 1
18.0%

2
Loans &
advances 2
66.9%

Loans & 2
advances
62.0%

Total assets: USD 4.5 bn

1.
2.

58

Total assets: USD 4.1 bn

Includes cash & advances to banks, T Bills

Includes securities re-classified to loans & advances

ICICI Bank UK liability profile

March 31, 2014
Syndicated loans
& interbank
borrowings
17.4%

Long
term debt
9.5%

Other
liabilities
2.3%

Net worth
14.1%

Demand deposits
24.6%

Term deposits
32.1%

Total liabilities: USD 4.5 bn

June 30, 2014

Syndicated loans
& interbank
borrowings
13.7%

Other
liabilities
2.8%

Long
term debt
7.9%
Term deposits
35.7%

Net worth
15.5%

Demand deposits
24.4%

Total liabilities: USD 4.1 bn

Profit after tax of US$ 6.3 mn in Q1-2015 compared to US$ 5.4 mn in Q1-2014
Capital adequacy ratio at 23.3%
Proportion of retail term deposits in total deposits at 42% at June 30, 2014

59

ICICI Bank Canada asset profile

March 31, 2014
Cash & liquid
sec urities 1
11.2%

Asset backed
sec urities
0.3%

June 30, 2014

Insured
mo rtgage 2
36.2%

Other assets &

investments
0.6%

Total assets: CAD 5.5 bn

60

Asset backed
sec urities
0.3%

Insured
mo rtgage 2
37.3%

Other assets &

investments
1.4%

Lo ans to customers
51.7%

1.
2.

Cash & liquid

sec urities 1
15.5%

Lo ans to customers
45.5%

Total assets: CAD 5.6 bn

Includes cash & advances to banks and government securities

Based on IFRS, securitised portfolio of CAD 1,973 mn and CAD 2,035 mn considered as
part of Insured mortgage portfolio at March 31, 2014 and June 30, 2014 respectively

ICICI Bank Canada liability profile

March 31, 2014
Other
liabilities
1.1%

Borrowings
37.0%

June 30, 2014

Othe r
l i a bilitie s
0.7%

Net worth
17.3%

B o r rowings
37.1%

Term deposits
32.5%

T e r m deposits
33. 9%

D e m a nd deposits
11.3%

Demand deposits
12.1%

Total liabilities: CAD 5.5 bn

Total liabilities: CAD 5.6 bn

Profit after tax of CAD 14.0 mn in Q1-2015 compared to CAD 14.4 mn in Q1-2014

Capital adequacy ratio at 30.6%

1.

61

Ne t w or th
17. 0%

As per IFRS, proceeds of CAD 1,967 mn and CAD 2,039

mn from sale of securitised portfolio considered as part
of borrowings at March 31, 2014 and June 30, 2014
respectively

ICICI Bank Eurasia asset profile

March 31, 2014

June 30, 2014

Oth er assets &
in vestments
0. 9%

Oth er assets &

in vestmen ts
1. 3%

C ash & c ash

1
equ ivalen ts
25. 0%

Loan s to
c orporates &
ban ks
48. 8%

C ash & c ash

equ ivalents 1
37. 7%

Retail loan s
24. 9%

Total assets: USD 118 mn

1.

62

Loans to
c or porates &
ban ks
38. 3%

Retail loans
23. 1%

Total assets: USD 127 mn

Total borrowings of USD 53 mn at June 30, 2014

Capital adequacy of 48.0% at June 30, 2014
Net profit of USD 0.2 mn in Q1-2015 compared to USD 0.9 mn in Q1-2014
Includes cash & call placements with banks,
balances with central bank, government securities
and nostro balances

Domestic subsidiaries

63

ICICI Home Finance

March 31, 2014

June 30, 2014

Investments and other assets
8.6%

Investments and other assets

8.4%

`
Loans
91.6%

Total assets: ` 72.58 bn

Loans
91.4%

Total assets: ` 74.83 bn

Profit after tax of ` 499.7 mn in Q1-2015 compared to ` 575.6 mn in Q1-2014

Capital adequacy ratio of 30.9% at June 30, 2014
Net NPA ratio: 0.8%
At June 30, 2014: Net worth ` 14.66 bn; Deposits ` 3.59 bn and Borrowings &
other liabilities ` 56.58 bn

64

ICICI Life
Q1-2014

Q1-2015

5.65

7.82

37.60

Renewal premium

15.29

15.62

86.69

Total premium

20.94

23.44

124.29

Annualised premium equivalent (APE)

5.41

6.59

34.44

New Business Profit (NBP) 1

0.81

0.72

4.27

15.0%

10.9%

12.4%

3.64

3.82

15.67

Assets Under Management

748.40

861.10

805.97

Expense ratio2

23.1%

20.4%

18.8%

New business received premium

NBP margin
Statutory profit

1.
2.
3.
65

(` billion)
FY2014

Sustained leadership in private space with an overall market share of 7.2% 3 for
FY2014
Private sector market share increased to 18.9% in FY2014 from 18.5% in
FY2013
On Traditional Embedded Value basis; post tax
All expenses (including commission) / (Total premium
90% of single premium)
Source: IRDA (new business retail weighted premium)

ICICI General

(` billion)

Q1-2014
Gross premium1
PAT

1.
2.

66

Q1-2015

FY2014

18.59

18.47

71.34

2.03

0.72

5.11

Market share based on gross written premium was 9.6% 2

for April-May 2014

Excluding remittances from motor declined pool and including premium on reinsurance
accepted
Source: IRDA

Other subsidiaries
Profit after tax

Q1-2014 Q1-2015

FY2014

ICICI Prudential Asset

Management

0.37

0.61

1.83

ICICI Securities Primary Dealership

1.20

0.46

1.32

ICICI Securities (Consolidated)

0.13

0.61

0.91

ICICI Venture

0.19

0.11

0.33

67

(` billion)

ICICI AMC: 64.9% year-on-year increase in profit after tax

to ` 0.61 billion in Q1-2015
Sustained market position as 2nd largest AMC in India
Profit after tax for ICICI Securities increased from ` 0.13
billion in Q1-2014 to ` 0.61 billion in Q1-2015