ICICI Bank Ltd (ICICIBC IN) - Standardized

In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013

12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
Total Assets
+ Cash & Cash Equivalents 278,502.8 212,340.1 207,281.8 193,062.0
+ Interbanking Assets 192,938.4 181,512.6 204,281.1 300,646.6
+ Other Interbank Assets 192,938.4 181,512.6 204,281.1 300,646.6
+ ST And LT Investments 1,863,197.8 2,096,527.8 2,398,640.9 2,556,666.8
+ Other Investments 1,863,197.8 2,096,527.8 2,398,640.9 2,556,666.8
+ Total Commercial Loans 1,367,173.8 1,732,675.3 1,967,209.6 2,204,053.7
+ Other Commercial Loans 1,367,173.8 1,732,675.3 1,967,209.6 2,204,053.7
+ Total Consumer Loans 954,245.2 910,951.7 1,040,975.1 1,181,588.2
+ Other Consumer Loans 954,245.2 910,951.7 1,040,975.1 1,181,588.2
+ Other Loans 17.4 6.8 0.0 0.0
+ Total Loans 2,321,436.4 2,643,633.8 3,008,184.7 3,385,641.9
- Reserve for Loan Losses 63,655.1 83,440.7 86,930.5 85,900.6
+ Net Loans 2,257,781.3 2,560,193.1 2,921,254.2 3,299,741.3
+ Net Fixed Assets 38,622.9 54,895.5 54,319.8 54,734.6
+ Property, Plant & Equip 38,622.9 54,895.5 54,319.8 54,734.6
+ Total Intangible Assets 4,319.8 4,214.4 3,889.2 4,720.7
+ Goodwill 1,555.9 1,464.8 1,432.3 1,432.3
+ Other Intangible Assets 2,763.9 2,749.6 2,456.9 3,288.4
+ Total Deferred Tax Assets 29,555.8 31,343.1 32,005.5 31,085.4
+ Customer Acceptances & Liab 0.0 0.0 0.0 0.0
+ Other Assets 228,554.1 196,652.1 371,196.5 307,559.8
Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1

Liabilities & Shareholders' Equity

+ Demand Deposits 300,667.8 334,537.8 339,015.3 359,512.6
+ Interest Bearing Deposits 2,012,049.1 2,082,787.0 2,362,105.7 2,650,111.6
+ Saving Deposits 622,221.7 732,637.8 829,071.3 921,659.9
+ Time Deposits 1,389,827.4 1,350,149.2 1,533,034.4 1,728,451.7
+ Other Deposits 0.0 0.0 0.0 0.0
+ Total Deposits 2,312,716.8 2,417,324.8 2,701,121.0 3,009,624.2
+ ST Borrowings & Repos 130,693.7 209,350.8 156,357.9 181,292.0
+ ST Lease Liabilities — — 0.0 0.0
+ ST Finance Leases — — 0.0 0.0
+ ST Borrowings 130,693.7 209,350.8 156,357.9 181,292.0
+ LT Debt 1,156,983.2 1,258,388.6 1,612,966.2 1,728,882.2
+ LT Lease Liabilities — — 0.0 0.0
+ LT Finance Leases — — 0.0 0.0
+ LT Borrowings 1,156,983.2 1,258,388.6 1,612,966.2 1,728,882.2
+ Total Deferred Tax Liabilities 4,799.1 4,444.1 4,379.6 4,762.7
+ Other Liabilities 762,611.1 881,563.2 1,091,002.0 1,118,974.3
Total Liabilities 4,367,803.9 4,771,071.5 5,565,826.7 6,043,535.4
 + Preferred Equity and Hybrid Capital 0.0 0.0 0.0 0.0
+ Share Capital & APIC 324,950.8 324,843.0 325,527.4 326,073.6
+ Common Stock 11,148.9 11,518.2 11,527.7 11,536.4
+ Additional Paid in Capital 313,801.9 313,321.9 313,975.9 314,492.4
+ Other Share Capital — 2.9 23.9 44.8
- Treasury Stock 0.0 0.0 0.0 0.0
+ Retained Earnings 133,564.7 168,102.9 214,068.1 274,179.4
+ Other Equity 54,449.5 60,079.0 73,169.5 87,371.2
Equity before Minority Interest 512,965.0 553,025.0 612,765.0 687,624.1
+ Minority/Non Controlling Interest 12,704.0 13,582.2 14,277.2 17,057.6
Total Equity 525,669.0 566,607.2 627,042.2 704,681.7
Total Liabilities & Equity 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1

Reference Items
Accounting Standard IN GAAP IN GAAP IN GAAP IN GAAP
Shares Outstanding 6,131.6 6,334.7 6,339.9 6,344.7
Number of Treasury Shares 0.0 0.0 0.0 0.0
Pension Obligations 0.0 0.0 0.0 0.0
Future Minimum Operating Lease Obligation 7,363.9 6,435.7 3,763.4 2,838.3
Total Capital Leases — — 0.0 0.0
Percent Of Foreign Ownership 38.06 39.48 36.31 38.28
Number Of Shareholders 692,091.00 670,010.00 709,083.00 642,954.00
Options Granted During Period 9.5 30.3 22.3 24.5
Options Outstanding at Period End 103.2 112.9 127.6 142.9
Book Value per Share 83.66 87.30 96.65 108.38
Tier 1 Capital Ratio 12.92 12.72 12.80 12.91
Net Debt 816,235.7 1,073,886.8 1,357,761.3 1,416,465.7
Tangible Common Equity Ratio 10.40 10.29 9.84 10.13
Tangible Common Equity to Risk-Weighted 14.30 13.84 13.79 14.06
Total Risk-Based Capital Ratio 19.15 19.92 19.60 19.69
Other Loans 17.4 6.8 0.0 0.0
Earning Assets 4,377,572.6 4,921,674.2 5,611,106.7 6,242,955.2
Non-Performing Assets 94,806.5 100,342.6 94,753.3 96,077.5
Off-Balance Sheet Commitments 8,212,563.2 10,232,432.3 10,379,354.7 9,142,550.5
Number of Employees 41,068.00 56,969.00 58,276.00 62,065.00
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019

220,969.3 258,376.7 272,775.6 318,912.6 332,726.0 380,662.8

261,613.0 217,995.0 377,584.1 485,996.1 557,265.3 493,246.2
261,613.0 217,995.0 377,584.1 485,996.1 557,265.3 493,246.2
2,676,094.4 3,027,616.3 2,860,440.9 3,043,732.9 3,722,076.8 3,982,007.6
2,676,094.4 3,027,616.3 2,860,440.9 3,043,732.9 3,722,076.8 3,982,007.6
2,494,149.9 2,745,375.7 2,944,354.7 2,906,744.2 3,019,973.1 —
2,494,149.9 2,745,375.7 2,944,354.7 2,906,744.2 3,019,973.1 —
1,470,783.2 1,762,154.0 2,153,560.9 2,446,477.4 2,924,289.3 —
1,470,783.2 1,762,154.0 2,153,560.9 2,446,477.4 2,924,289.3 —
0.0 0.0 0.0 0.0 0.0 —
3,964,933.1 4,507,529.7 5,097,915.6 5,353,221.6 5,944,262.4 6,469,616.8
91,515.3 122,628.7 160,624.5 200,048.5 275,720.2 —
3,873,417.8 4,384,901.0 4,937,291.1 5,153,173.1 5,668,542.2 6,469,616.8
55,068.3 58,712.1 87,134.6 93,379.6 94,650.1 96,604.2
55,068.3 58,712.1 87,134.6 93,379.6 94,650.1 96,604.2
4,743.4 5,115.3 5,444.8 5,533.7 6,745.0 6,769.7
1,432.3 1,257.0 1,257.0 1,126.2 1,117.5 1,097.0
3,311.1 3,858.3 4,187.8 4,407.5 5,627.5 5,672.7
31,812.6 43,713.0 82,450.0 91,534.0 114,663.7 149,384.1
0.0 0.0 0.0 0.0 0.0 0.0
353,905.0 264,362.4 564,440.9 664,984.5 746,141.3 809,647.6
7,477,623.8 8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9

418,534.4 467,371.3 563,675.2 715,167.5 847,859.9 893,909.0

3,049,180.6 3,272,086.3 3,811,409.0 4,260,296.9 4,828,780.4 5,680,118.2
1,078,310.3 1,221,062.0 1,444,551.0 1,790,098.3 2,092,910.1 2,355,305.8
1,970,870.2 2,051,024.3 2,366,858.0 2,470,198.6 2,735,870.3 3,324,812.5
0.0 0.0 0.0 0.0 0.0 0.0
3,467,715.0 3,739,457.7 4,375,084.2 4,975,464.4 5,676,640.2 6,574,027.2
179,570.8 173,008.9 184,112.1 233,488.8 254,391.8 325,334.0
0.0 0.0 0.0 0.0 0.0 —
0.0 0.0 0.0 0.0 0.0 —
179,570.8 173,008.9 184,112.1 233,488.8 254,391.8 325,334.0
1,835,420.7 2,112,520.0 2,203,776.6 1,882,867.6 2,294,018.3 2,103,241.2
0.0 0.0 0.0 0.0 0.0 —
0.0 0.0 0.0 0.0 0.0 —
1,835,420.7 2,112,520.0 2,203,776.6 1,882,867.6 2,294,018.3 2,103,241.2
22,514.8 27,578.2 32,838.1 35,406.0 36,480.7 40,011.2
1,187,996.3 1,336,123.3 1,417,087.5 1,635,046.7 1,814,900.6 2,136,985.9
6,693,217.6 7,388,688.1 8,212,898.4 8,762,273.4 10,076,431.6 11,179,599.5
 0.0 0.0 0.0 0.0 0.0 0.0
327,153.9 330,725.7 333,692.2 335,645.7 339,716.3 343,274.6
11,550.4 11,596.6 11,631.7 11,651.1 12,858.1 12,894.6
315,537.8 319,054.7 321,993.5 323,932.0 326,802.5 330,333.2
65.7 74.4 67.0 62.6 55.7 46.8
0.0 0.0 0.0 0.0 0.0 0.0
329,076.3 397,698.5 425,789.3 469,651.2 493,805.5 505,648.8
108,068.3 118,621.3 181,625.7 241,023.1 272,775.2 293,610.7
764,298.5 847,045.4 941,107.1 1,046,320.0 1,106,297.0 1,142,534.1
20,107.6 25,058.1 33,556.4 48,653.1 60,081.9 65,805.4
784,406.2 872,103.6 974,663.6 1,094,973.1 1,166,378.8 1,208,339.4
7,477,623.8 8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9

IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP

6,352.4 6,377.0 6,396.2 6,407.2 6,428.3 6,446.2
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
2,042.1 1,227.2 2,234.9 2,194.8 2,803.1 2,966.9
0.0 0.0 0.0 0.0 0.0 —
— — — 60.78 60.94 57.55
585,463.00 791,636.00 986,967.00 938,826.00 886,424.00 860,698.00
121.5 35.6 71.4 36.7 35.1 35.4
772.9 163.3 210.8 226.7 235.7 232.4
120.32 132.83 147.13 163.30 172.10 177.24
13.11 12.88 13.13 14.39 15.56 14.73
1,532,409.3 1,809,157.2 1,737,528.9 1,311,447.7 1,658,418.7 1,554,666.2
10.16 10.20 10.19 10.56 9.79 9.17
13.93 14.02 13.95 16.53 16.83 16.11
18.34 17.20 16.60 17.26 17.90 16.47
0.0 0.0 0.0 0.0 0.0 —
6,902,640.5 7,753,140.9 8,335,940.5 8,882,950.6 10,223,604.5 10,944,870.5
76,524.9 172,399.3 293,216.0 425,520.0 540,630.0 462,920.0
9,143,300.1 10,191,612.9 11,178,705.1 13,080,610.7 18,913,161.4 26,123,686.3
72,226.00 67,857.00 72,175.00 — — —
ICICI Bank Ltd (ICICIBC IN) - Adjusted
In Millions of INR except Per Share FY 2013 FY 2014 FY 2015 FY 2016
12 Months Ending 03/31/2013 03/31/2014 03/31/2015 03/31/2016
Net Revenue 283,615.6 333,184.8 383,178.2 438,034.2
+ Net Interest Income 163,287.8 195,694.8 223,704.9 249,697.9
+ Total Interest Income 446,141.9 492,800.9 546,886.5 589,662.7
+ Interest Income 312,953.3 350,352.5 395,569.1 446,417.9
+ Investment Income 133,188.6 142,448.4 151,317.3 143,244.7
- Total Interest Expense 282,854.1 297,106.1 323,181.5 339,964.7
+ Adjusted Total Non-Interest Income 120,327.8 137,490.1 159,473.3 188,336.3
+ Trading Securities G/L 22,276.1 29,749.3 42,564.8 63,236.7
+ Trading Account Profits/Losses 0.0 0.0 0.0 0.0
+ Investment & Loan Inc (Loss) 7,425.8 9,542.7 20,491.4 39,442.3
+ Other Income (Loss) 14,850.3 20,206.6 22,073.4 23,794.4
+ Commissions & Fees Earned 62,767.5 73,241.0 83,938.5 87,697.0
+ Other Operating Income (Losses) 35,284.2 34,499.8 32,969.9 37,402.6
- Provision for Loan Losses 15,513.8 24,818.3 36,307.6 77,188.6
Net Revenue after Provisions 268,101.8 308,366.5 346,870.6 360,845.6
- Total Non-Interest Expense 132,344.5 146,903.3 163,565.4 218,066.1
+ Commissions & Fees Paid 0.0 0.0 0.0 0.0
+ Other Operating Expenses 132,344.5 146,903.3 163,565.4 218,066.1
Operating Income (Loss) 135,757.3 161,463.2 183,305.2 142,779.6
- Non-Operating (Income) Loss 0.0 0.0 0.0 0.0
+ (Income) Loss from Affiliates — — — —
+ Other Non-Op (Income) Loss 0.0 0.0 0.0 0.0
Pretax Income (Loss), Adjusted 135,757.3 161,463.2 183,305.2 142,779.6
- Abnormal Losses (Gains) -339.3 -1,352.0 -34.0 -264.3
+ Disposal of Assets -339.3 -1,352.0 -34.0 -264.3
+ Gain/Loss on Sale/Acquisition of Busine — — — —
Pretax Income (Loss), GAAP 136,096.5 162,815.2 183,339.2 143,043.9
- Income Tax Expense (Benefit) 34,797.6 46,044.0 53,916.2 33,775.0
+ Current Income Tax 33,701.4 43,158.7 56,758.0 67,365.4
+ Deferred Income Tax 1,096.2 2,885.3 -2,841.8 -33,590.4
Income (Loss) from Cont Ops 101,298.9 116,771.2 129,423.0 109,268.9
- Net Extraordinary Losses (Gains) 0.0 0.0 0.0 0.0
+ Discontinued Operations 0.0 0.0 0.0 0.0
+ XO & Accounting Changes 0.0 0.0 0.0 0.0
Income (Loss) Incl. MI 101,298.9 116,771.2 129,423.0 109,268.9
- Minority Interest 5,262.8 6,357.5 6,954.3 7,469.3
Net Income, GAAP 96,036.1 110,413.7 122,468.7 101,799.6
- Preferred Dividends 0.0 0.0 0.0 0.0
- Other Adjustments 0.0 0.0 0.0 0.0
Net Income Avail to Common, GAAP 96,036.1 110,413.7 122,468.7 101,799.6

Net Income Avail to Common, Adj 95,812.2 109,521.2 122,446.4 101,626.7

 Net Abnormal Losses (Gains) -224.0 -892.5 -22.2 -172.8
Net Extraordinary Losses (Gains) 0.0 0.0 0.0 0.0

Basic Weighted Avg Shares 6,341.9 6,348.7 6,364.3 6,388.1

Basic EPS, GAAP 15.14 17.39 19.25 15.94
Basic EPS from Cont Ops 15.14 17.39 19.25 15.94
Basic EPS from Cont Ops, Adjusted 15.11 17.25 19.24 15.91

Diluted Weighted Avg Shares 6,366.0 6,373.9 6,426.3 6,424.2

Diluted EPS, GAAP 15.06 17.30 19.04 15.83
Diluted EPS from Cont Ops 15.06 17.30 19.04 15.83
Diluted EPS from Cont Ops, Adjusted 15.03 17.16 19.03 15.80

Reference Items
Accounting Standard IN GAAP IN GAAP IN GAAP IN GAAP
Net Interest Income Less Provisions 147,774.0 170,876.5 187,397.3 172,509.3
Net Revenue - Net of Commissions Paid 283,954.8 334,536.8 383,212.2 438,298.6
Total Revenue 566,808.9 631,642.9 706,393.7 778,263.3
Operating Margin 47.87 48.46 47.84 32.60
Pretax Margin 47.87 48.46 47.84 32.60
Profit Margin 33.78 32.87 31.96 23.20
T12 Net Interest Margin 2.75 2.98 3.05 3.10
Sales per Employee 9,132,505.07 8,745,367.82 ### ###
Dividends per Share 3.64 4.18 4.55 4.55
Total Cash Common Dividends 23,071.6 26,564.7 28,986.2 29,073.8
Pre-Tax Pre-Provision Profit 151,271.1 186,281.5 219,612.8 219,968.2
Efficiency Ratio 46.66 44.09 42.69 49.78
Actual Loan Losses (Net) — — — —
Reinvested Earnings 72,740.5 82,956.5 93,460.2 72,552.9
Source: Bloomberg
 FY 2017 FY 2018 FY 2019 Last 12M FY 2020 Est FY 2021 Est
03/31/2017 03/31/2018 03/31/2019 12/31/2019 03/31/2020 03/31/2021
499,286.1 491,178.3 526,033.9 1,024,563.9
256,497.4 276,200.8 323,137.0 386,063.4
604,855.7 618,821.3 714,912.4 825,988.2
450,295.0 457,565.1 533,889.6 622,337.7
154,560.7 161,256.2 181,022.9 203,650.5
348,358.3 342,620.5 391,775.4 439,924.8
242,788.7 214,977.5 202,896.9 638,500.5
105,001.9 64,437.3 40,224.0
0.0 0.0 0.0
89,851.3 48,581.0 22,386.2
15,150.6 15,856.3 17,837.9
96,343.8 112,628.5 126,056.7
41,443.1 37,911.6 36,616.1 638,500.5
157,453.2 147,516.1 176,113.9 141,555.8
341,832.9 343,662.2 349,920.0 883,008.1
152,426.4 233,906.6 275,815.4 700,089.8
0.0 0.0 0.0 0.0
152,426.4 233,906.6 275,815.4 700,089.8
189,406.5 109,755.6 74,104.6 182,918.3
0.0 49,194.8 10,059.3 0.0
— — 0.0
0.0 49,194.8 10,059.3 0.0
189,406.5 60,560.8 64,045.3 182,918.3
51,313.0 -49,223.8 -10,037.3
14.2 -29.0 22.0
51,298.8 -49,194.8 -10,059.3
138,093.5 109,784.6 74,082.6 182,918.3
24,690.2 18,789.2 17,191.0 71,521.1
31,375.6 40,782.1 48,082.8 53,675.2
-6,685.4 -21,992.9 -30,891.8 17,845.9
113,403.3 90,995.4 56,891.6 111,397.2 120,505.5 214,342.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
113,403.3 90,995.4 56,891.6 111,397.2
11,519.5 13,873.6 14,349.2 16,543.7
101,883.8 77,121.9 42,542.4 94,853.5 120,505.5 214,342.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
101,883.8 77,121.9 42,542.4 94,853.5 120,505.5 214,342.0

137,803.0 42,665.2 35,516.3 94,853.5 120,505.5 214,342.0

 35,919.1 -34,456.7 -7,026.1 0.0
0.0 0.0 0.0 0.0

6,400.7 6,417.2 6,436.0 6,468.3

15.92 12.02 6.61 14.69 19.00 31.00
15.92 12.02 6.61 14.69 19.00 31.00
21.53 6.65 5.52 14.69 19.00 31.00

6,427.2 6,482.4 6,509.3 6,586.9

15.85 11.89 6.53 14.43 19.00 31.00
15.85 11.89 6.53 14.43 19.00 31.00
21.43 6.57 5.45 14.43 19.00 31.00

IN GAAP IN GAAP IN GAAP

99,044.2 128,684.7 147,023.1 244,507.6
499,271.9 491,207.3 526,011.9 1,024,563.9
847,630.2 833,827.8 917,787.3 1,464,488.7
37.94 22.35 14.09 17.85
37.94 12.33 12.18 17.85
27.60 8.69 6.75 9.26
2.98 2.89 3.05
— — —
2.27 1.50 1.50 3.21 4.71
14,561.9 9,642.4 9,669.4 0.0 0.0
346,859.7 257,271.7 250,218.5 324,474.1 0.0 0.0
30.53 47.62 52.43 67.14
— — — 0.0 0.0
123,241.1 33,022.8 25,846.9 0.0 0.0
 FY 2010 FY 2011 FY 2012 FY 2013 FY 2014

Capital Adequacy

Total Capital Funds 681,220.0 789,630.0 865,190.0 956,510.0 1,000,149.9

Risk-Weighted Assets 3,556,620.0 3,964,780.0 4,414,880.0 4,856,980.0 5,452,125.8

CAPITAL ADEQUACY RATIO 0.191535784 0.199161114 0.195971351 0.19693513253 0.183442191

(IN %) 19.1535784 19.91611136 19.59713514 19.6935132531 18.34421906

TOTAL ADVANCES

Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1 7,477,623.8

Advances to assets ratio

ASSET QUALITY

NPA 94,806.5 100,342.6 94,753.3 96,077.5 76,524.9

Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1 7,477,623.8
ASSET QUALITY 0.019374073 0.018798921 0.015300388 0.0142374642 0.010233853
(IN %) 1.937407255 1.879892111 1.530038835 1.42374642019 1.023385267
1.02

NPA 94,806.5 100,342.6 94,753.3 96,077.5 76,524.9

Total LOANS 2,321,436.4 2,643,633.8 3,008,184.7 3,385,641.9 3,964,933.1
LOAN QUALITY 0.040839586 0.037956316 0.031498498 0.02837792768 0.019300427
(IN %) 4.083958571 3.795631551 3.14984983 2.83779276814 1.93004265
1.93

MANAGEMENT
Net income 96,036.1 110,413.7
Number of Employees 41,068.00 56,969.00 58,276.00 62,065.00 72,226.00
Profit per Employee 1.55 1.53

TOTAL ADVANCES

+ Total Deposits 2,312,716.8 2,417,324.8 2,701,121.0 3,009,624.2 3,467,715.0

total advances to total deposits
EARNINGS
Net income 96,036.1 110,413.7
Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1 7,477,623.8
ROA - Return On Assets 0.01423133295 0.014765876
(IN %) 1.42313329528 1.476587582
1.48

Net interest margin

Net interest income 163,287.8 195,694.8
Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1 7,477,623.8
Net interest margin RATIO 0.02419717646 0.026170715
(IN %) 2.41971764601 2.617071452
2.62

LIQUIDITY
Liquid assets to total assets

+ Cash & Cash Equivalents 278,502.8 212,340.1 207,281.8 193,062.0 220,969.3

+ Interbanking Assets 192,938.4 181,512.6 204,281.1 300,646.6 261,613.0
- Reserve for Loan Losses 63,655.1 83,440.7 86,930.5 85,900.6 91,515.3
total liquid assets 535,096.3 477,293.3 498,493.4 579,609.2 574,097.6
Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1 7,477,623.8
Liquid assets to total assets 0.109348988 0.089419643 0.080494741 0.08589071124 0.076775401
(IN %) 10.93489875 8.941964282 8.049474105 8.58907112379 7.677540107
10.9 8.9 8.0 8.6 7.7

Liquid assets to total deposits

total liquid assets 535096.313 477293.319 498493.383 579609.17 574097.564

Total deposits 2,312,716.8 2,417,324.8 2,701,121.0 3,009,624.2 3,467,715.0
Liquid assets to total deposits 0.231371306 0.197446915 0.184550557 0.19258523239 0.165555001
(IN %) 23.1371306 19.74469154 18.45505568 19.2585232392 16.55550014
23.1 19.7 18.5 19.3 16.6

CRR rate 0.04 0.04 0.04 0.04 0.04

Total deposits 2,312,716.8 2,417,324.8 2,701,121.0 3,009,624.2 3,467,715.0
CRR amount 92508.67312 96692.99072 108044.8396 120384.96676 138708.6006
Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1 7,477,623.8
CRR amount / Total ASSETS 0.018904503 0.018115176 0.017446654 0.01783952179 0.018549823
(IN %) 1.89045028 1.811517645 1.744665363 1.78395217891 1.854982343

SLR rate 0.215 0.215 0.215 0.215 0.215

Total deposits 2,312,716.8 2,417,324.8 2,701,121.0 3,009,624.2 3,467,715.0
SLR amount 497234.118 519724.8251 580741.0131 647069.196335 745558.7282
Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1 7,477,623.8
SLR amount / Total Assets 0.101611703 0.097369073 0.093775763 0.09588742962 0.099705301
(IN %) 10.16117025 9.736907343 9.377576325 9.58874296163 9.970530093

CASA RATIO

Demand Deposits 300,667.8 334,537.8 339,015.3 359,512.6 418,534.4

Saving Deposits 622,221.7 732,637.8 829,071.3 921,659.9 1,078,310.3
Total deposits 2,312,716.8 2,417,324.8 2,701,121.0 3,009,624.2 3,467,715.0
CASA RATIO 0.399049905 0.44146968 0.432445122 0.42569184458 0.431651613
(IN %) 39.90499052 44.14696797 43.24451218 42.5691844582 43.16516131
39.90 44.15 43.24 42.57 43.17

Provision for loan losses 15,513.8 24,818.3

 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019

1,032,881.0 1,113,548.3 1,086,660.0 1,169,780.0 1,160,900.0

6,004,115.2 6,707,620.9 6,295,828.5 6,535,083.8 7,048,573.2

0.1720288445 0.166012408 0.1726 0.179 0.1647

17.202884448 16.60124084 17.26 17.9 16.47

3875220.7 4352639.4 4642320.8 5123952.9 5866465.8

8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9
0.4691100852 0.473753474 0.470955128 0.455753741 0.4735627003

172,399.3 293,216.0 425,520.0 540,630.0 462,920.0

8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9
0.0208695857 0.031914451 0.043168242 0.048086731 0.03736860534
2.0869585652 3.191445138 4.316824163 4.8086731046 3.73686053407
2.09 3.19 4.32 4.81 3.74

172,399.3 293,216.0 425,520.0 540,630.0 462,920.0

4,507,529.7 5,097,915.6 5,353,221.6 5,944,262.4 6,469,616.8
0.0382469586 0.057516841 0.079488583 0.0909498881 0.07155292398
3.8246958586 5.751684106 7.948858251 9.0949888111 7.155292398
3.82 5.75 7.95 9.09 7.16

122,468.7 101,799.6 101,883.8 77,121.9 42,542.4

67,857.00 72,175.00 83,058.00 83,577.00 84,922.00
1.80 1.41 1.23 0.92 0.50

3875220.7 4352639.4 4642320.8 5123952.9 5866465.8

3,739,457.7 4,375,084.2 4,975,464.4 5,676,640.2 6,574,027.2
1.0363055389 0.994869853 0.933042714 0.9026383029 0.89237017374
 1.04 0.99 0.93 0.90 0.89

122,468.7 101,799.6 101,883.8 77,121.9 42,542.4

8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9
0.0148252923 0.011080152 0.010335934 0.0068596607 0.00343417798
1.4825292345 1.108015219 1.033593354 0.6859660729 0.3434177979
1.48 1.11 1.03 0.69 0.34

223,704.9 249,697.9 256,497.4 276,200.8 323,137.0

8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9
0.0270803249 0.027177821 0.026021199 0.0245668856 0.02608480946
2.708032487 2.717782058 2.602119905 2.4566885603 2.60848094607
2.71 2.72 2.60 2.46 2.61

258,376.7 272,775.6 318,912.6 332,726.0 380,662.8

217,995.0 377,584.1 485,996.1 557,265.3 493,246.2
122,628.7 160,624.5 200,048.5 275,720.2 —
599,000.4 810,984.2 1,004,957.2 1,165,711.5 873,909.0
8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9
0.0725112578 0.088269794 0.101951106 0.1036850655 0.07054514553
7.2511257823 8.826979388 10.1951106 10.368506551 7.05451455291
7.3 8.8 10.2 10.4 7.1

599000.397 810984.202 1004957.186 1165711.533 873908.953

3,739,457.7 4,375,084.2 4,975,464.4 5,676,640.2 6,574,027.2
0.1601837617 0.185364249 0.20198259 0.2053523716 0.13293357718
16.018376172 18.5364249 20.19825904 20.535237158 13.2933577184
16.0 18.5 20.2 20.5 13.3

0.04 0.04 0.04 0.04 0.04

3,739,457.7 4,375,084.2 4,975,464.4 5,676,640.2 6,574,027.2
149578.30696 175003.3691 199018.5756 227065.60904 262961.08824
8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9
0.0181070184 0.019047857 0.020190078 0.0201965168 0.0212271864
1.8107018351 1.904785726 2.019007793 2.0196516789 2.12271863959

0.215 0.205 0.2 0.195 0.185

3,739,457.7 4,375,084.2 4,975,464.4 5,676,640.2 6,574,027.2
803983.39991 896892.2665 995092.8782 1106944.8441 1216195.03311
8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9
0.0973252236 0.097620268 0.10095039 0.0984580193 0.09817573708
9.7325223637 9.762026844 10.09503897 9.8458019347 9.81757370811

467,371.3 563,675.2 715,167.5 847,859.9 893,909.0

1,221,062.0 1,444,551.0 1,790,098.3 2,092,910.1 2,355,305.8
3,739,457.7 4,375,084.2 4,975,464.4 5,676,640.2 6,574,027.2
0.4515182372 0.459014308 0.503524003 0.5180476231 0.49425027326
45.151823719 45.90143076 50.35240032 51.804762305 49.4250273262
45.15 45.90 50.35 51.80 49.43

36,307.6 77,188.6 157,453.2 147,516.1 176,113.9

966010.2
ICICI Bank Ltd (ICICIBC IN) - Basel Ratios
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
Basel Indicators
Basel Level Adopted Indicator 3.00 3.00 3.00 2.00
Credit Risk Measurement — 1.00 1.00 1.00

Regulatory Ratios
Tier 1 Common Equity Ratio — — — —
Tier 1 Capital Ratio 12.92 12.72 12.80 12.91
Total Risk-Based Capital Ratio 19.15 19.92 19.60 19.69
Liquidity Coverage Ratio — — — —

Regulatory Capital
Tier 1 Capital 459,680.0 504,250.0 564,980.0 626,990.0
Tier 2 Capital — — — —
Total Capital Funds 681,220.0 789,630.0 865,190.0 956,510.0
Risk-Weighted Assets 3,556,620.0 3,964,780.0 4,414,880.0 4,856,980.0

Estimated Basel III Ratios

Estimated Basel III Capital

Capital
Tangible Common Equity 508,645.2 548,810.6 608,875.8 682,903.4
Tangible Common Equity Ratio 10.40 10.29 9.84 10.13
Tangible Common Equity to Risk-Weighted 14.30 13.84 13.79 14.06
Total Loans to Total Deposits 100.38 109.36 111.37 112.49
Loans to Deposit Ratio Percentage As Repo — — — 78.90
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019

3.00 3.00 3.00 3.00 3.00 3.00

1.00 1.00 1.00 1.00 1.00 1.00

13.01 12.79 — — — —
13.11 12.88 13.13 14.39 15.56 14.73
18.34 17.20 16.60 17.26 17.90 16.47
— — — — 108.95 114.78

637,380.0 696,610.0 794,820.0 897,250.0 1,010,640.0 1,037,160.0

245,130.0 230,830.0 215,130.0 189,410.0 159,140.0 123,740.0
1,000,149.9 1,032,881.0 1,113,548.3 1,086,660.0 1,169,780.0 1,160,900.0
5,452,125.8 6,004,115.2 6,707,620.9 6,295,828.5 6,535,083.8 7,048,573.2

759,555.1 841,930.1 935,662.3 1,040,786.3 1,099,552.0 1,135,764.4

10.16 10.20 10.19 10.56 9.79 9.17
13.93 14.02 13.95 16.53 16.83 16.11
114.34 120.54 116.52 107.59 104.71 98.41
— 83.80 83.20 80.50 80.60 80.90
ICICI Bank Ltd (ICICIBC IN) - Liquidity
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013

Long-Term Debt/Equity 220.10 222.09 257.23 245.34

Long-Term Debt/Capital 63.80 61.86 67.31 66.12
Long-Term Debt/Total Assets 23.64 23.58 26.05 25.62

Total Debt/Equity 244.96 259.04 282.17 271.07

Total Debt/Capital 71.01 72.15 73.83 73.05
Total Debt/Total Assets 26.31 27.50 28.57 28.31

CFO/Total Liabilities 3.20 3.88 0.71 4.00

CFO/CapEx 21.04 20.71 6.48 38.66
Common Equity/Total Assets 10.48 10.36 9.89 10.19

Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019

233.99 242.23 226.11 171.96 196.68 174.06

65.56 66.90 65.54 58.63 61.75 57.83
24.55 25.57 23.99 19.10 20.40 16.98

256.88 262.07 245.00 193.28 218.49 200.98

71.98 72.38 71.01 65.90 68.60 66.78
26.95 27.67 25.99 21.47 22.67 19.60

2.89 2.44 2.85 3.69 1.48 4.51

23.08 14.50 27.55 24.54 14.32 43.94
10.22 10.25 10.24 10.61 9.84 9.22
ICICI Bank Ltd (ICICIBC IN) - Profitability
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
Returns
Return on Common Equity 9.49 11.43 13.11 14.77
Return on Assets 0.96 1.19 1.33 1.48
Return on Capital 2.88 3.28 3.58 4.04

Margins
Operating Margin 28.61 39.87 45.25 47.93
Incremental Operating Margin 232.95 — 89.28 61.11
Pretax Margin 28.61 39.87 45.25 47.93
Income before XO Margin 21.07 30.04 33.63 35.67
Net Income Margin 20.32 28.97 32.38 33.82
Net Income to Common Margin 20.32 28.97 32.38 33.82

Additional
Effective Tax Rate 26.34 24.66 25.68 25.57
Dvd Payout Ratio 28.65 26.46 24.89 24.02
Sustainable Growth Rate 6.77 8.41 9.85 11.22
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019

15.21 15.20 11.39 10.25 7.17 3.78

1.55 1.56 1.17 1.07 0.73 0.36
4.31 4.35 3.35 3.45 2.63 1.55

48.67 47.84 32.64 27.66 22.35 14.08

52.82 42.17 — — -351.03 —
48.67 47.84 32.64 27.66 22.35 14.08
34.91 33.77 24.93 22.71 18.52 10.82
33.00 31.96 23.23 20.41 15.70 8.09
33.00 31.96 23.23 20.41 15.70 8.09

28.28 29.41 23.61 17.88 17.11 23.21

24.06 23.67 28.56 14.29 12.50 22.73
11.55 11.60 8.13 8.79 6.27 2.92
ICICI Bank Ltd (ICICIBC IN) - DuPont Analysis
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
Tax Burden
Net Inc to Comn/Pre-Tax Profit % 71.02 72.65 71.56 70.56
Adjustment Factor
Normlzd Net Inc/Net Inc to Cmn 0.99 1.00 1.00 1.00
Operating Margin
EBIT/Revenue % 28.61 39.87 45.25 47.93
Asset Turnover
Revenue/Avg Assets 0.09 0.08 0.08 0.09
Leverage Ratio
Avg Assets/Avg Equity 9.88 9.60 9.89 9.95

Adjusted Return on Equity 9.38 11.39 13.12 14.74

5 Year Average Adj ROE 10.58 10.05 10.31 11.28

Payout Ratio 28.65 26.46 24.89 24.02
Sustainable Growth Rate 6.77 8.41 9.85 11.22
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019

67.82 66.80 71.17 73.78 70.25 57.43

0.99 1.00 1.00 1.35 0.55 0.83

48.67 47.84 32.64 27.66 22.35 14.08

0.09 0.09 0.09 0.09 0.08 0.08

9.80 9.77 9.76 9.58 9.80 10.51

15.09 15.20 11.37 13.87 3.96 3.16

12.74 13.91 13.90 14.05 11.90 9.51

24.06 23.67 28.56 14.29 12.50 22.73
11.55 11.60 8.13 8.79 6.27 2.92
ICICI Bank Ltd (ICICIBC IN) - Credit
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
IFRS 16/ASC 842 Adoption No No No No

Short and Long Term Debt 1,287,676.9 1,467,739.4 1,769,324.2 1,910,174.2

Short-Term Debt 130,693.7 209,350.8 156,357.9 181,292.0
Long Term Debt 1,156,983.2 1,258,388.6 1,612,966.2 1,728,882.2

Total Debt/EBIT 19.58 17.50 16.57 14.04

Net Debt/EBIT 12.41 12.80 12.71 10.41

Interest Expense 207,291.9 193,425.7 250,132.5 282,854.1

Common Equity/Total Assets 10.48 10.36 9.89 10.19

Long-Term Debt/Equity 220.10 222.09 257.23 245.34
Long-Term Debt/Capital 63.80 61.86 67.31 66.12
Long-Term Debt/Total Assets 23.64 23.58 26.05 25.62

Total Debt/Equity 244.96 259.04 282.17 271.07

Total Debt/Capital 71.01 72.15 73.83 73.05
Total Debt/Total Assets 26.31 27.50 28.57 28.31

Net Debt/Equity 155.28 189.53 216.53 201.01

Net Debt/Capital 60.83 65.46 68.41 66.78

EBIT 65,756.0 83,866.8 106,804.9 136,096.5

Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019
No No No No No No

2,014,991.5 2,285,528.9 2,387,888.6 2,116,356.4 2,548,410.0 2,428,575.2

179,570.8 173,008.9 184,112.1 233,488.8 254,391.8 325,334.0
1,835,420.7 2,112,520.0 2,203,776.6 1,882,867.6 2,294,018.3 2,103,241.2

12.38 12.47 16.69 15.33 23.21 32.78

9.41 9.87 12.15 9.50 15.11 20.99

297,106.1 323,181.5 339,964.7 348,358.3 342,620.5 391,775.4

10.22 10.25 10.24 10.61 9.84 9.22

233.99 242.23 226.11 171.96 196.68 174.06
65.56 66.90 65.54 58.63 61.75 57.83
24.55 25.57 23.99 19.10 20.40 16.98

256.88 262.07 245.00 193.28 218.49 200.98

71.98 72.38 71.01 65.90 68.60 66.78
26.95 27.67 25.99 21.47 22.67 19.60

195.36 207.45 178.27 119.77 142.19 128.66

66.14 67.47 64.06 54.50 58.71 56.27

162,815.2 183,339.2 143,043.9 138,093.5 109,784.6 74,082.6

ICICI Bank Ltd (ICICIBC IN) - Credit Ex Operating Leases
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
IFRS 16/ASC 842 Adoption No No No No

Total Debt 1,287,676.9 1,467,739.4 1,769,324.2 1,910,174.2

Short-Term Debt 130,693.7 209,350.8 156,357.9 181,292.0
Long Term Debt 1,156,983.2 1,258,388.6 1,612,966.2 1,728,882.2

Total Debt/EBIT 19.58 17.50 16.57 14.04

Net Debt/EBIT 12.41 12.80 12.71 10.41

Common Equity/Total Assets 10.48 10.36 9.89 10.19

Long-Term Debt/Equity 220.10 222.09 257.23 245.34
Long-Term Debt/Capital 63.80 61.86 67.31 66.12
Long-Term Debt/Total Assets 23.64 23.58 26.05 25.62

Total Debt/Equity 244.96 259.04 282.17 271.07

Total Debt/Capital 71.01 72.15 73.83 73.05
Total Debt/Total Assets 26.31 27.50 28.57 28.31

Net Debt/Equity 155.28 189.53 216.53 201.01

Net Debt/Capital 60.83 65.46 68.41 66.78

EBIT 65,756.0 83,866.8 106,804.9 136,096.5

Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019
No No No No No No

2,014,991.5 2,285,528.9 2,387,888.6 2,116,356.4 2,548,410.0 2,428,575.2

179,570.8 173,008.9 184,112.1 233,488.8 254,391.8 325,334.0
1,835,420.7 2,112,520.0 2,203,776.6 1,882,867.6 2,294,018.3 2,103,241.2

12.38 12.47 16.69 15.33 23.21 32.78

9.41 9.87 12.15 9.50 15.11 20.99

10.22 10.25 10.24 10.61 9.84 9.22

233.99 242.23 226.11 171.96 196.68 174.06
65.56 66.90 65.54 58.63 61.75 57.83
24.55 25.57 23.99 19.10 20.40 16.98

256.88 262.07 245.00 193.28 218.49 200.98

71.98 72.38 71.01 65.90 68.60 66.78
26.95 27.67 25.99 21.47 22.67 19.60

195.36 207.45 178.27 119.77 142.19 128.66

66.14 67.47 64.06 54.50 58.71 56.27

162,815.2 183,339.2 143,043.9 138,093.5 109,784.6 74,082.6

ICICI Bank Ltd (ICICIBC IN) - Yield Analysis
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
T12 Cash Flows to Equity
+ Cash From Operations 139,978.7 185,159.4 39,246.3 241,596.7
+ Capital Expenditures -6,654.1 -8,940.9 -6,054.4 -6,249.3
Free Cash Flow 133,324.6 176,218.5 33,191.9 235,347.4
Market Capitalization 1,061,890.2 1,285,608.3 1,026,146.4 1,205,723.6
Free Cash Flow Yield 12.57 13.87 3.24 19.53

Dividends Paid -14,349.0 -15,567.6 -19,013.4 -22,194.6

Net Share Repurchases 1,176.0 1,426.9 591.1 447.5
0.0 0.0 0.0 0.0
-1,247.4 20,712.9 312,815.3 114,579.0
Other Financing Activities -4,129.2 13,025.7 4,084.3 5,852.2
T12 Cash to Suppliers of Capital -18,549.6 19,597.9 298,477.3 98,684.1
Market Capitalization 1,061,890.2 1,285,608.3 1,026,146.4 1,205,723.6
T12 Shareholder Yield 1.75 -1.52 -29.09 -8.18

- Dividends Paid -14,349.0 -15,567.6 -19,013.4 -22,194.6

- Net Share Repurchases 1,176.0 1,426.9 591.1 447.5
T12 Cash to Shareholders 13,173.0 14,140.7 18,422.3 21,747.1
Market Capitalization 1,061,890.2 1,285,608.3 1,026,146.4 1,205,723.6
T12 Shareholder Yield, Ex Debt 1.24 1.10 1.80 1.80

- Dividends Paid -14,349.0 -15,567.6 -19,013.4 -22,194.6

- Net Share Repurchases 1,176.0 1,426.9 591.1 447.5
- Net ST Debt Repayments 0.0 0.0 0.0 0.0
- Net LT Debt Repayments -1,247.4 20,712.9 312,815.3 114,579.0
- Other Financing Activities -4,129.2 13,025.7 4,084.3 5,852.2
T12 Cash to Suppliers of Capital -18,549.6 19,597.9 298,477.3 98,684.1
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019

193,232.4 180,504.2 233,717.8 323,059.8 149,243.1 504,480.7

-8,373.7 -12,446.3 -8,483.9 -13,167.1 -10,421.4 -11,481.5
184,858.7 168,057.9 225,234.0 309,892.7 138,821.6 492,999.2
1,438,016.9 1,829,030.7 1,376,064.9 1,612,579.9 1,789,305.3 2,581,719.0
12.86 9.21 16.39 19.24 7.77 19.13

-27,040.5 -30,840.9 -34,524.9 -34,230.9 -17,161.1 -11,688.3

761.8 3,477.3 2,824.2 1,772.6 3,939.5 3,486.3
-17,863.0 107,195.2 -46,055.5 -217,920.9 383,766.5 -149,997.9
122,864.5 168,440.3 135,895.3 -104,316.1 26,214.8 -41,774.5
9,178.5 -2,434.1 -2,411.8 -1,053.6 228.1 -1,346.4
87,901.4 245,837.9 55,727.4 -355,749.0 396,987.9 -201,320.8
1,438,016.9 1,829,030.7 1,376,064.9 1,612,579.9 1,789,305.3 2,581,719.0
-6.11 -13.44 -4.05 22.06 -22.19 7.80

-27,040.5 -30,840.9 -34,524.9 -34,230.9 -17,161.1 -11,688.3

761.8 3,477.3 2,824.2 1,772.6 3,939.5 3,486.3
26,278.7 27,363.6 31,700.7 32,458.3 13,221.6 8,202.0
1,438,016.9 1,829,030.7 1,376,064.9 1,612,579.9 1,789,305.3 2,581,719.0
1.83 1.50 2.30 2.01 0.74 0.32

-27,040.5 -30,840.9 -34,524.9 -34,230.9 -17,161.1 -11,688.3

761.8 3,477.3 2,824.2 1,772.6 3,939.5 3,486.3
-17,863.0 107,195.2 -46,055.5 -217,920.9 383,766.5 -149,997.9
122,864.5 168,440.3 135,895.3 -104,316.1 26,214.8 -41,774.5
9,178.5 -2,434.1 -2,411.8 -1,053.6 228.1 -1,346.4
87,901.4 245,837.9 55,727.4 -355,749.0 396,987.9 -201,320.8
ICICI Bank Ltd (ICICIBC IN) - As Reported
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
Balance Sheet
Stockholder Equity
ESOP Shares (Amount) — 2.9 — —
Liabilities
Other Current Liabilities 795,097.7 921,622.8 1,133,355.8 1,166,947.9
Minority/Non Controlling Int (Stckhldrs Eqty) 12,704.0 13,582.2 14,277.2 17,057.6
Common Stock — 11,518.2 11,527.7 11,536.4
Other Equity — — — —
Common Stock & APIC — — — —
Total Deposits 2,415,723.0 2,591,060.0 2,819,504.7 3,147,705.4
Total Liabilities and Shareholders Equity 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1
Total Reserves 501,816.1 541,503.8 601,213.4 676,042.9
Borrowings 1,156,983.2 1,258,388.6 1,612,966.2 1,728,882.2
Stock Options Issued — 2.9 23.9 44.8
Total Share Capital 11,148.9 — — —
Assets
Other Assets 262,429.7 232,209.6 407,091.2 343,365.9
Long Term Investments — — — —
Property Plant & Equipment - Net 38,622.9 54,895.5 54,319.8 54,734.6
Interest Bearing Deposits At Banks 192,938.4 181,512.6 204,281.1 300,646.6
Total Loans — — — —
Net Loans 2,257,781.3 2,560,193.1 2,921,254.2 3,299,741.3
Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1
Cash and Cash Equivalents 278,502.8 212,340.1 207,281.8 193,062.0
Investments - Current & Noncurrent 1,863,197.8 2,096,527.8 2,398,640.9 2,556,666.8
Reference Items
Average Earning Assets — — — 4,465,400.0
Reference Items
Other Assets 151,820.3 163,741.6 336,908.8 270,407.5
Property Plant & Equipment - Net 38,622.9 54,895.5 54,319.8 54,734.6
Deferred Income Tax Asset (LT) 29,555.8 31,343.1 32,005.5 31,085.4
Other Intangible Assets 2,763.9 2,749.6 2,456.9 3,288.4
Goodwill 1,555.9 1,464.8 1,432.3 1,432.3
Interest Accrued/Payable 31,306.3 32,569.9 34,553.7 32,556.4
Other Current Liabilities 714,889.3 832,084.2 1,038,919.2 1,067,322.7
Deferred Income Taxes (Liabilities) 4,799.1 4,444.1 4,379.6 4,762.7
Min/Non Cntrlling Int(Stckhldrs Eqty) — — — —
Common Stock 11,148.9 11,518.2 11,527.7 11,536.4
Additional Paid In Capital 313,801.9 313,321.9 313,975.9 314,492.4
Retained Earnings (Accumulated Deficit) 16,886.4 40,077.6 68,048.7 103,294.6
Shares Outstanding 1,114.8 1,151.8 1,152.7 1,153.6
Par Value 10.00 10.00 10.00 10.00
Common Stock & APIC — — — —
Future Minimum Operating Lease Obligation 7,363.9 6,435.7 3,763.4 2,838.3
Rental Expense - Year 1 1,651.9 1,437.1 916.9 732.3
Rental Expense - Beyond Year 5 1,500.6 1,265.2 487.5 165.9
Allowance For Doubtful Accounts — — — —
Total Risk Based Capital 681,220.0 789,630.0 865,190.0 956,510.0
Commercial Loans 1,367,173.8 1,732,675.3 1,967,209.6 2,204,053.7
Consumer Loans 954,245.2 910,951.7 1,040,975.1 1,181,588.2
Restructured Loans 62,522.4 20,533.3 52,717.3 67,306.8
# of Outlets/Branches 1,707.00 2,529.00 2,750.00 3,100.00
Other Loans 17.4 6.8 — 0.0
Reserve For Loan Losses 63,655.1 83,440.7 86,930.5 85,900.6
Interest Bearing Deposits At Banks 192,938.4 181,512.6 204,281.1 300,646.6
Accrued Interest Receivable 41,402.1 — — —
Demand Deposits 300,667.8 334,537.8 339,015.3 359,512.6
Savings Deposits 622,221.7 732,637.8 829,071.3 921,659.9
Total Loans 2,321,436.4 2,643,633.8 3,008,184.7 3,385,641.9
Net Loans 2,257,781.3 2,560,193.1 2,921,254.2 3,299,741.3
Total Nonperforming Assets 94,806.5 100,342.6 94,753.3 96,077.5
Equity Securities 42,426.8 41,536.0 41,536.8 51,197.3
Tier 1 Capital Ratio 12.92 12.72 12.80 12.91
Total Capital/Risk-Based Cap % 19.15 19.92 19.60 19.69
Commitments 8,205,199.3 10,225,996.6 10,375,591.3 9,139,712.2
Total Investments — — — —
Statutory Capital 58,863.8 73,746.5 89,916.5 110,736.5
Total Tier 1 Capital 459,680.0 504,250.0 564,980.0 626,990.0
Risk Weighted Assets 3,556,620.0 3,964,780.0 4,414,880.0 4,856,980.0
Cash and Cash Equivalents 278,502.8 212,340.1 207,281.8 193,062.0
Borrowings 1,156,983.2 1,258,388.6 1,612,966.2 1,728,882.2
Cumulative Translation Adjustment 5,093.0 6,345.9 10,402.5 16,254.7
% Of Foreign Shareholders 38.06 39.48 36.31 38.28
Authorized Capital 17,750.0 17,750.0 17,750.0 17,750.0
Capital Reserve 20,875.4 21,707.9 22,087.9 22,417.9
Long Term Investments - Gross — — — —
Investment - Cost Method 852,578.6 976,795.6 988,299.0 1,047,632.0
Long-Term Loans 1,584,678.9 1,812,691.3 2,083,659.1 2,382,725.2
Short-Term Loans 673,102.4 747,501.8 837,595.1 917,016.1
Options Granted During Period 1.7 5.5 4.1 4.5
Options Outstanding End Period 18.8 20.5 23.2 26.0
Other Reserve 28,481.2 32,025.3 40,679.1 48,698.7
Total Number Of Shareholders 692,091.00 670,010.00 709,083.00 642,954.00
Provisions For Liabilities/Charges/Other 16,415.5 16,909.1 17,529.2 19,095.2
Revaluation Surplus — — — —
Due To Other Financial Institutions 103,006.1 173,735.3 118,383.7 138,081.2
Shares Authorized 1,290.0 1,290.0 1,290.0 1,290.0
Term Deposits 1,389,827.4 1,350,149.2 1,533,034.4 1,728,451.7
Authorized Common Stocks (Number) 1,290.0 1,290.0 1,290.0 1,290.0
Authorized Common Capital (Amount) 14,250.0 14,250.0 14,250.0 14,250.0
Bills Payable 27,687.6 35,615.6 37,974.2 43,210.9
Operating Leases Expiring Within 2 & 5 Yrs 4,211.4 3,733.4 2,359.0 1,940.1
Preferred Stock Par Value ### ### ### ###
Preferred Stock Authorized Shares 0.0 0.0 0.0 0.0
Revenue Reserves 57,814.5 54,278.8 56,102.9 60,148.2
Authorized Preferred Stocks (Amount) 3,500.0 3,500.0 3,500.0 3,500.0
Total Supplementary Capital 221,540.0 285,380.0 300,210.0 329,520.0
Core Capital Ratio (Tier 2) — — — —
Treasury Bills & Other Eligible Bills 770,801.7 787,599.9 1,060,665.0 1,145,690.6
Tax Assets 39,651.5 37,124.9 38,176.9 41,873.1
Non-Performing Loans 94,806.5 100,342.6 94,753.3 96,077.5
Accumulated Depreciation-Invest Properties — — — —
Investment Securities 197,390.8 290,596.3 308,140.1 312,146.9
Book Value Per Share — — 524.03 —
Non-Performing Loan Ratio (%) 4.50 4.06 3.53 3.13
As Reported Data Reference Coverage Rati — — 80.40 76.80
Current Capital Lease — — — —
Capital Lease Year 1 17.6 2.7 — —
Capital Lease Beyond Year 5 0.0 — 0.0 —
Total Capital Lease 17.6 7.4 — —
Capital Leases - Years 2 - 5 0.0 4.7 — —
Avg Exercise Price (Options Exercisable) — — 745.26 793.57
Avg Exercise Price (Options Outstanding) — — 846.94 855.18
Options Exercisable End of Period — — — —
Operational Risk Weighted Assets 24,590.0 26,250.0 26,190.0 —
Capital Lease Interest — — — —
Tier 1 Common Equity Ratio — — — —
Average Earning Asset Yield — — — —
Number of ATMs — — — 10,481.00
Total Borrowing Rate — — — —
Liquidity Coverage Ratio — — — —
Reference Loans to Deposit Ratio Percenta — — — 78.90
ARDR Total Restructured Loans 62,661.0 20,533.0 52,717.0 67,307.0
ARDR Current and Savings Deposit Ratio 41.70 45.10 43.50 41.90
ARDR Present Value of Capital Lease Year — — 0.0 —
ARDR Present Value of Capital Lease Years — — 0.0 —
ARDR Present Value of Capital Lease Beyo — — 0.0 —
ARDR Net Nonperforming Assets Pct 2.12 1.11 0.73 0.77
ARDR Net Nonperforming Assets 38,411.1 24,073.6 — 22,305.6
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019

— — — — — —

1,262,670.1 1,416,615.6 1,498,347.9 1,753,533.2 1,924,452.2 2,263,188.9

20,107.6 25,058.1 33,556.4 48,653.1 60,081.9 65,805.4
11,550.4 11,596.6 11,631.7 11,651.1 12,858.1 12,894.6
— — — — — 0.0
— — — — — 1.3
3,595,126.8 3,859,552.5 4,510,773.9 5,125,872.6 5,857,961.1 6,813,169.4
7,477,623.8 8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9
752,682.3 835,374.4 929,408.5 1,034,606.3 1,093,383.2 1,129,592.7
1,835,420.7 2,112,520.0 2,203,776.6 1,882,867.6 2,294,018.3 2,103,241.2
65.7 74.4 67.0 62.6 55.7 46.8
— — — — — —

390,461.0 313,190.7 652,335.7 762,052.2 867,550.0 965,801.4

— — — — — 398.2
55,068.3 58,712.1 87,134.6 93,379.6 94,650.1 96,604.2
261,613.0 217,995.0 377,584.1 485,996.1 557,265.3 493,246.2
— — — — — 6,469,616.8
3,873,417.8 4,384,901.0 4,937,291.1 5,153,173.1 5,668,542.2 6,469,616.8
7,477,623.8 8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9
220,969.3 258,376.7 272,775.6 318,912.6 332,726.0 380,662.8
2,676,094.4 3,027,616.3 2,860,440.9 3,043,732.9 3,722,076.8 3,982,007.6

— — — — — —

313,155.5 231,883.0 534,566.4 607,563.4 686,231.2 714,544.6

55,068.3 58,712.1 87,134.6 93,379.6 94,650.1 96,604.2
31,812.6 43,713.0 82,450.0 91,534.0 114,663.7 149,384.1
3,311.1 3,858.3 4,187.8 4,407.5 5,627.5 5,672.7
1,432.3 1,257.0 1,257.0 1,126.2 1,117.5 1,097.0
41,744.8 43,756.8 35,086.7 35,012.0 35,896.5 36,648.1
1,124,807.7 1,266,859.4 1,352,822.2 1,600,034.7 1,779,004.1 2,100,337.8
22,514.8 27,578.2 32,838.1 35,406.0 36,480.7 40,011.2
— — — 48,653.1 60,081.9 65,805.4
11,550.4 11,596.6 11,631.7 11,651.1 12,858.1 12,894.6
315,537.8 319,054.7 321,993.5 323,932.0 326,802.5 330,333.2
145,475.5 198,278.7 198,210.8 215,045.5 214,737.7 220,201.1
1,155.0 5,797.2 5,814.8 5,824.7 6,428.3 6,446.2
10.00 2.00 2.00 2.00 2.00 2.00
 — — — — — 1.3
2,042.1 1,227.2 2,234.9 2,194.8 2,803.1 2,966.9
666.6 561.2 470.7 455.2 510.1 673.4
115.5 103.1 568.8 353.7 664.1 507.3
21,443.8 — — — — —
1,000,149.9 1,032,881.0 1,113,548.3 1,086,660.0 1,169,780.0 1,160,900.0
2,494,149.9 2,745,375.7 2,944,354.7 2,906,744.2 3,019,973.1 —
1,470,783.2 1,762,154.0 2,153,560.9 2,446,477.4 2,924,289.3 —
133,447.8 130,786.8 98,674.2 — — —
3,753.00 4,050.00 4,450.00 4,850.00 4,867.00 4,874.00
0.0 0.0 — — — —
91,515.3 122,628.7 160,624.5 200,048.5 275,720.2 —
261,613.0 217,995.0 377,584.1 485,996.1 557,265.3 493,246.2
— — — — — —
418,534.4 467,371.3 563,675.2 715,167.5 847,859.9 893,909.0
1,078,310.3 1,221,062.0 1,444,551.0 1,790,098.3 2,092,910.1 2,355,305.8
3,964,933.1 4,507,529.7 5,097,915.6 5,353,221.6 5,944,262.4 6,469,616.8
3,873,417.8 4,384,901.0 4,937,291.1 5,153,173.1 5,668,542.2 6,469,616.8
76,524.9 172,399.3 293,216.0 425,520.0 540,630.0 462,920.0
55,717.9 70,833.7 78,470.8 111,508.1 127,550.1 133,554.5
13.11 12.88 13.13 14.39 15.56 14.73
18.34 17.20 16.60 17.26 17.90 16.47
9,141,258.0 10,190,385.7 11,176,470.2 13,078,415.9 18,910,358.3 26,120,719.4
— — — 3,043,732.9 3,722,076.8 3,982,007.6
135,266.5 163,205.5 187,521.5 212,024.5 228,968.5 237,377.5
— 696,610.0 794,820.0 897,250.0 1,010,640.0 1,037,160.0
5,452,125.8 6,004,115.2 6,707,620.9 — — —
220,969.3 258,376.7 272,775.6 318,912.6 332,726.0 380,662.8
1,835,420.7 2,112,520.0 2,203,776.6 1,882,867.6 2,294,018.3 2,103,241.2
25,433.2 22,999.1 20,176.6 19,123.0 19,351.1 18,004.7
69.33 70.42 64.68 60.78 60.94 57.55
17,750.0 17,750.0 17,750.0 17,750.0 25,000.0 25,000.0
23,176.4 26,095.6 49,918.0 102,851.0 128,505.6 128,785.6
— — — 3,054,656.2 3,742,819.3 4,012,728.2
1,176,561.0 1,301,018.4 1,024,350.5 1,163,844.2 1,347,370.5 1,457,878.1
2,852,540.5 3,235,767.3 3,561,379.6 3,735,038.3 3,965,906.8 —
1,020,877.3 1,149,133.7 1,375,911.5 1,418,134.8 1,702,635.4 —
22.1 32.4 64.9 33.4 35.1 35.4
140.5 148.4 191.6 206.1 235.7 232.4
59,458.7 69,526.5 83,356.3 88,398.0 94,642.0 116,120.4
585,463.00 791,636.00 986,967.00 938,826.00 886,424.00 860,698.00
21,443.8 25,507.1 29,178.5 — — —
— — 28,174.7 30,651.1 30,276.4 30,700.0
127,411.8 120,094.8 135,689.7 150,408.3 181,320.9 239,142.2
142.5 6,390.0 6,390.0 6,390.0 10,015.0 12,500.0
1,970,870.2 2,051,024.3 2,366,858.0 2,470,198.6 2,735,870.3 3,324,812.5
140.0 6,390.0 6,390.0 6,390.0 10,015.0 —
 14,250.0 14,250.0 14,250.0 14,250.0 21,500.0 25,000.0
52,159.0 52,914.1 48,422.4 83,080.6 73,070.9 86,191.8
1,260.0 562.9 1,195.4 1,385.9 1,628.9 1,786.2
### ### ### ### ### —
0.0 0.0 0.0 0.0 0.0 —
48,334.2 36,214.2 40,057.0 42,581.2 50,099.4 48,070.1
3,500.0 3,500.0 3,500.0 3,500.0 3,500.0 —
— 230,830.0 215,130.0 189,410.0 159,140.0 123,740.0
5.23 — — — — —
1,189,833.7 1,386,539.5 1,497,842.8 1,455,856.9 1,859,154.8 1,938,788.5
45,492.9 37,594.7 35,319.3 62,954.8 66,655.1 101,872.7
76,524.9 172,399.3 288,219.3 425,520.0 540,630.0 462,920.0
— — — 10,923.3 20,742.5 30,720.7
253,981.9 269,224.6 259,776.8 312,523.8 388,001.4 451,786.5
634.00 139.00 154.00 179.00 172.00 177.00
3.08 3.82 — 7.89 8.84 6.70
68.60 — — 40.20 47.70 70.60
— — — — — 1,417.8
— — — — — 406.5
— — — — — 149.1
— — — — — 1,506.9
— — — — — 951.3
106.11 150.66 198.08 214.56 208.44 222.84
183.74 205.02 236.36 238.83 224.19 235.40
73.0 75.9 89.8 109.6 136.4 152.2
— — — — — —
— — — — — 2.8
13.01 12.79 — — — —
8.92 8.96 8.67 8.09 7.71 8.03
11,315.00 0.00 — 13,882.00 14,367.00 14,987.00
6.21 6.17 5.85 5.45 5.00 5.10
— — — — 108.95 114.78
78.80 — — 80.50 80.60 80.90
133,448.0 130,787.0 98,674.2 50,854.7 18,578.8 —
42.90 45.50 45.80 50.40 51.70 49.60
— — — — — —
— — — — — —
— — — — — —
0.97 1.61 2.98 4.89 4.77 2.06
32,979.6 62,555.3 129,630.8 252,168.1 278,235.6 134,497.2
ICICI Bank Ltd (ICICIBC IN) - Common Size
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
Total Assets 4,893,473.0 5,337,678.7 6,192,869.0 6,748,217.1
Total Assets
+ Cash & Cash Equivalents 5.7 4.0 3.3 2.9
+ Interbanking Assets 3.9 3.4 3.3 4.5
+ Other Interbank Assets 3.9 3.4 3.3 4.5
+ ST And LT Investments 38.1 39.3 38.7 37.9
+ Other Investments 38.1 39.3 38.7 37.9
+ Total Commercial Loans 27.9 32.5 31.8 32.7
+ Other Commercial Loans 27.9 32.5 31.8 32.7
+ Total Consumer Loans 19.5 17.1 16.8 17.5
+ Other Consumer Loans 19.5 17.1 16.8 17.5
+ Other Loans 0.0 0.0 0.0 0.0
+ Total Loans 47.4 49.5 48.6 50.2
- Reserve for Loan Losses 1.3 1.6 1.4 1.3
+ Net Loans 46.1 48.0 47.2 48.9
+ Net Fixed Assets 0.8 1.0 0.9 0.8
+ Property, Plant & Equip 0.8 1.0 0.9 0.8
+ Total Intangible Assets 0.1 0.1 0.1 0.1
+ Goodwill 0.0 0.0 0.0 0.0
+ Other Intangible Assets 0.1 0.1 0.0 0.0
+ Total Deferred Tax Assets 0.6 0.6 0.5 0.5
+ Customer Acceptances & Liab 0.0 0.0 0.0 0.0
+ Other Assets 4.7 3.7 6.0 4.6
Total Assets 100.0 100.0 100.0 100.0

Liabilities & Shareholders' Equity

+ Demand Deposits 6.1 6.3 5.5 5.3
+ Interest Bearing Deposits 41.1 39.0 38.1 39.3
+ Saving Deposits 12.7 13.7 13.4 13.7
+ Time Deposits 28.4 25.3 24.8 25.6
+ Other Deposits 0.0 0.0 0.0 0.0
+ Total Deposits 47.3 45.3 43.6 44.6
+ ST Borrowings & Repos 2.7 3.9 2.5 2.7
+ ST Lease Liabilities — — 0.0 0.0
+ ST Finance Leases — — 0.0 0.0
+ ST Borrowings 2.7 3.9 2.5 2.7
+ LT Debt 23.6 23.6 26.0 25.6
+ LT Lease Liabilities — — 0.0 0.0
+ LT Finance Leases — — 0.0 0.0
+ LT Borrowings 23.6 23.6 26.0 25.6
+ Total Deferred Tax Liabilities 0.1 0.1 0.1 0.1
+ Other Liabilities 15.6 16.5 17.6 16.6
Total Liabilities 89.3 89.4 89.9 89.6
+ Preferred Equity and Hybrid Capital 0.0 0.0 0.0 0.0
+ Share Capital & APIC 6.6 6.1 5.3 4.8
+ Common Stock 0.2 0.2 0.2 0.2
+ Additional Paid in Capital 6.4 5.9 5.1 4.7
+ Other Share Capital — 0.0 0.0 0.0
- Treasury Stock 0.0 0.0 0.0 0.0
+ Retained Earnings 2.7 3.1 3.5 4.1
+ Other Equity 1.1 1.1 1.2 1.3
Equity before Minority Interest 10.5 10.4 9.9 10.2
+ Minority/Non Controlling Interest 0.3 0.3 0.2 0.3
Total Equity 10.7 10.6 10.1 10.4
Total Liabilities & Equity 100.0 100.0 100.0 100.0

Reference Items
Accounting Standard IN GAAP IN GAAP IN GAAP IN GAAP
Shares Outstanding 0.1 0.1 0.1 0.1
Number of Treasury Shares 0.0 0.0 0.0 0.0
Pension Obligations 0.0 0.0 0.0 0.0
Future Minimum Operating Lease Obligation 0.2 0.1 0.1 0.0
Total Capital Leases — — 0.0 0.0
Percent Of Foreign Ownership 0.0 0.0 0.0 0.0
Number Of Shareholders 692,091.0 670,010.0 709,083.0 642,954.0
Options Granted During Period 0.0 0.0 0.0 0.0
Options Outstanding at Period End 0.0 0.0 0.0 0.0
Book Value per Share 0.0 0.0 0.0 0.0
Tier 1 Capital Ratio 0.0 0.0 0.0 0.0
Net Debt 16.7 20.1 21.9 21.0
Tangible Common Equity Ratio 0.0 0.0 0.0 0.0
Tangible Common Equity to Risk-Weighted 0.0 0.0 0.0 0.0
Total Risk-Based Capital Ratio 0.0 0.0 0.0 0.0
Other Loans 0.0 0.0 0.0 0.0
Earning Assets 89.5 92.2 90.6 92.5
Non-Performing Assets 1.9 1.9 1.5 1.4
Off-Balance Sheet Commitments 167.8 191.7 167.6 135.5
Number of Employees 41,068.0 56,969.0 58,276.0 62,065.0
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019
7,477,623.8 8,260,791.7 9,187,562.0 9,857,246.5 11,242,810.4 12,387,938.9

3.0 3.1 3.0 3.2 3.0 3.1

3.5 2.6 4.1 4.9 5.0 4.0
3.5 2.6 4.1 4.9 5.0 4.0
35.8 36.7 31.1 30.9 33.1 32.1
35.8 36.7 31.1 30.9 33.1 32.1
33.4 33.2 32.0 29.5 26.9 —
33.4 33.2 32.0 29.5 26.9 —
19.7 21.3 23.4 24.8 26.0 —
19.7 21.3 23.4 24.8 26.0 —
0.0 0.0 0.0 0.0 0.0 —
53.0 54.6 55.5 54.3 52.9 52.2
1.2 1.5 1.7 2.0 2.5 —
51.8 53.1 53.7 52.3 50.4 52.2
0.7 0.7 0.9 0.9 0.8 0.8
0.7 0.7 0.9 0.9 0.8 0.8
0.1 0.1 0.1 0.1 0.1 0.1
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.1 0.0
0.4 0.5 0.9 0.9 1.0 1.2
0.0 0.0 0.0 0.0 0.0 0.0
4.7 3.2 6.1 6.7 6.6 6.5
100.0 100.0 100.0 100.0 100.0 100.0

5.6 5.7 6.1 7.3 7.5 7.2

40.8 39.6 41.5 43.2 42.9 45.9
14.4 14.8 15.7 18.2 18.6 19.0
26.4 24.8 25.8 25.1 24.3 26.8
0.0 0.0 0.0 0.0 0.0 0.0
46.4 45.3 47.6 50.5 50.5 53.1
2.4 2.1 2.0 2.4 2.3 2.6
0.0 0.0 0.0 0.0 0.0 —
0.0 0.0 0.0 0.0 0.0 —
2.4 2.1 2.0 2.4 2.3 2.6
24.5 25.6 24.0 19.1 20.4 17.0
0.0 0.0 0.0 0.0 0.0 —
0.0 0.0 0.0 0.0 0.0 —
24.5 25.6 24.0 19.1 20.4 17.0
0.3 0.3 0.4 0.4 0.3 0.3
15.9 16.2 15.4 16.6 16.1 17.3
 89.5 89.4 89.4 88.9 89.6 90.2
0.0 0.0 0.0 0.0 0.0 0.0
4.4 4.0 3.6 3.4 3.0 2.8
0.2 0.1 0.1 0.1 0.1 0.1
4.2 3.9 3.5 3.3 2.9 2.7
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
4.4 4.8 4.6 4.8 4.4 4.1
1.4 1.4 2.0 2.4 2.4 2.4
10.2 10.3 10.2 10.6 9.8 9.2
0.3 0.3 0.4 0.5 0.5 0.5
10.5 10.6 10.6 11.1 10.4 9.8
100.0 100.0 100.0 100.0 100.0 100.0

IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP IN GAAP

0.1 0.1 0.1 0.1 0.1 0.1
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 —
— — — 0.0 0.0 0.0
585,463.0 791,636.0 986,967.0 938,826.0 886,424.0 860,698.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
20.5 21.9 18.9 13.3 14.8 12.5
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0 0.0 —
92.3 93.9 90.7 90.1 90.9 88.4
1.0 2.1 3.2 4.3 4.8 3.7
122.3 123.4 121.7 132.7 168.2 210.9
72,226.0 67,857.0 72,175.0 — — —
ICICI Bank Ltd (ICICIBC IN) - GAAP
In Millions of INR except Per Share FY 2013 FY 2014 FY 2015 FY 2016
12 Months Ending 03/31/2013 03/31/2014 03/31/2015 03/31/2016
Net Revenue 283,954.8 334,536.8 383,212.2 438,298.6
+ Net Interest Income 163,287.8 195,694.8 223,704.9 249,697.9
+ Total Interest Income 446,141.9 492,800.9 546,886.5 589,662.7
+ Interest Income 312,953.3 350,352.5 395,569.1 446,417.9
+ Investment Income 133,188.6 142,448.4 151,317.3 143,244.7
- Total Interest Expense 282,854.1 297,106.1 323,181.5 339,964.7
+ Total Non-Interest Income 120,667.0 138,842.1 159,507.3 188,600.7
+ Trading Securities G/L 22,276.1 29,749.3 42,564.8 63,236.7
+ Trading Account Profits/Losses 0.0 0.0 0.0 0.0
+ Investment & Loan Inc (Loss) 7,425.8 9,542.7 20,491.4 39,442.3
+ Other Income (Loss) 14,850.3 20,206.6 22,073.4 23,794.4
+ Commissions & Fees Earned 62,767.5 73,241.0 83,938.5 87,697.0
+ Other Operating Income (Losses) 35,623.5 35,851.8 33,003.9 37,666.9
- Provision for Loan Losses 15,513.8 24,818.3 36,307.6 77,188.6
Net Revenue after Provisions 268,441.0 309,718.5 346,904.6 361,110.0
- Total Non-Interest Expense 132,344.5 146,903.3 163,565.4 218,066.1
+ Commissions & Fees Paid 0.0 0.0 0.0 0.0
+ Other Operating Expenses 132,344.5 146,903.3 163,565.4 218,066.1
Operating Income (Loss) 136,096.5 162,815.2 183,339.2 143,043.9
- Non-Operating (Income) Loss 0.0 0.0 0.0 0.0
+ (Income) Loss from Affiliates — — — —
+ Other Non-Op (Income) Loss 0.0 0.0 0.0 0.0
Pretax Income (Loss), GAAP 136,096.5 162,815.2 183,339.2 143,043.9
- Income Tax Expense (Benefit) 34,797.6 46,044.0 53,916.2 33,775.0
+ Current Income Tax 33,701.4 43,158.7 56,758.0 67,365.4
+ Deferred Income Tax 1,096.2 2,885.3 -2,841.8 -33,590.4
Income (Loss) from Cont Ops 101,298.9 116,771.2 129,423.0 109,268.9
- Net Extraordinary Losses (Gains) 0.0 0.0 0.0 0.0
+ Discontinued Operations 0.0 0.0 0.0 0.0
+ XO & Accounting Changes 0.0 0.0 0.0 0.0
Income (Loss) Incl. MI 101,298.9 116,771.2 129,423.0 109,268.9
- Minority Interest 5,262.8 6,357.5 6,954.3 7,469.3
Net Income, GAAP 96,036.1 110,413.7 122,468.7 101,799.6
- Preferred Dividends 0.0 0.0 0.0 0.0
- Other Adjustments 0.0 0.0 0.0 0.0
Net Income Avail to Common, GAAP 96,036.1 110,413.7 122,468.7 101,799.6

Net Income Avail to Common, Adj 95,812.2 109,521.2 122,446.4 101,626.7

Net Abnormal Losses (Gains) -224.0 -892.5 -22.2 -172.8
Net Extraordinary Losses (Gains) 0.0 0.0 0.0 0.0

Basic Weighted Avg Shares 6,341.9 6,348.7 6,364.3 6,388.1

Basic EPS, GAAP 15.14 17.39 19.25 15.94
Basic EPS from Cont Ops 15.14 17.39 19.25 15.94
Basic EPS from Cont Ops, Adjusted 15.11 17.25 19.24 15.91

Diluted Weighted Avg Shares 6,366.0 6,373.9 6,426.3 6,424.2

Diluted EPS, GAAP 15.06 17.30 19.04 15.83
Diluted EPS from Cont Ops 15.06 17.30 19.04 15.83
Diluted EPS from Cont Ops, Adjusted 15.03 17.16 19.03 15.80

Reference Items
Accounting Standard IN GAAP IN GAAP IN GAAP IN GAAP
Net Interest Income Less Provisions 147,774.0 170,876.5 187,397.3 172,509.3
Net Revenue - Net of Commissions Paid 283,954.8 334,536.8 383,212.2 438,298.6
Total Revenue 566,808.9 631,642.9 706,393.7 778,263.3
Operating Margin 47.93 48.67 47.84 32.64
Pretax Margin 47.93 48.67 47.84 32.64
Profit Margin 33.82 33.00 31.96 23.23
T12 Net Interest Margin 2.75 2.98 3.05 3.10
Sales per Employee 9,132,505.07 8,745,367.82 10,410,034.96 10,783,004.14
Dividends per Share 3.64 4.18 4.55 4.55
Total Cash Common Dividends 23,071.6 26,564.7 28,986.2 29,073.8
Pre-Tax Pre-Provision Profit 151,610.3 187,633.5 219,646.8 220,232.5
Efficiency Ratio 46.61 43.91 42.68 49.75
Reinvested Earnings 72,964.5 83,849.0 93,482.4 72,725.7
Source: Bloomberg
 FY 2017 FY 2018 FY 2019 Last 12M FY 2020 Est FY 2021 Est
03/31/2017 03/31/2018 03/31/2019 12/31/2019 03/31/2020 03/31/2021
499,271.9 491,207.3 526,011.9 1,024,563.9
256,497.4 276,200.8 323,137.0 386,063.4
604,855.7 618,821.3 714,912.4 825,988.2
450,295.0 457,565.1 533,889.6 622,337.7
154,560.7 161,256.2 181,022.9 203,650.5
348,358.3 342,620.5 391,775.4 439,924.8
242,774.5 215,006.5 202,874.8 638,500.5
105,001.9 64,437.3 40,224.0
0.0 0.0 0.0
89,851.3 48,581.0 22,386.2
15,150.6 15,856.3 17,837.9
96,343.8 112,628.5 126,056.7
41,428.8 37,940.6 36,594.1 638,500.5
157,453.2 147,516.1 176,113.9 141,555.8
341,818.7 343,691.2 349,898.0 883,008.1
203,725.2 233,906.6 275,815.4 700,089.8
0.0 0.0 0.0 0.0
203,725.2 233,906.6 275,815.4 700,089.8
138,093.5 109,784.6 74,082.6 182,918.3
0.0 0.0 0.0 0.0
— — 0.0
0.0 0.0 0.0 0.0
138,093.5 109,784.6 74,082.6 182,918.3
24,690.2 18,789.2 17,191.0 71,521.1
31,375.6 40,782.1 48,082.8 53,675.2
-6,685.4 -21,992.9 -30,891.8 17,845.9
113,403.3 90,995.4 56,891.6 111,397.2 120,505.5 214,342.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
113,403.3 90,995.4 56,891.6 111,397.2
11,519.5 13,873.6 14,349.2 16,543.7
101,883.8 77,121.9 42,542.4 94,853.5 120,505.5 214,342.0
0.0 0.0 0.0 0.0
0.0 0.0 0.0 0.0
101,883.8 77,121.9 42,542.4 94,853.5 120,505.5 214,342.0

137,803.0 42,665.2 35,516.3 94,853.5 120,505.5 214,342.0

35,919.1 -34,456.7 -7,026.1 0.0
0.0 0.0 0.0 0.0

6,400.7 6,417.2 6,436.0 6,468.3

 15.92 12.02 6.61 14.69 19.00 31.00
15.92 12.02 6.61 14.69 19.00 31.00
21.53 6.65 5.52 14.69 19.00 31.00

6,427.2 6,482.4 6,509.3 6,586.9

15.85 11.89 6.53 14.43 19.00 31.00
15.85 11.89 6.53 14.43 19.00 31.00
21.43 6.57 5.45 14.43 19.00 31.00

IN GAAP IN GAAP IN GAAP

99,044.2 128,684.7 147,023.1 244,507.6
499,271.9 491,207.3 526,011.9 1,024,563.9
847,630.2 833,827.8 917,787.3 1,464,488.7
27.66 22.35 14.08 17.85
27.66 22.35 14.08 17.85
20.41 15.70 8.09 9.26
2.98 2.89 3.05
— — —
2.27 1.50 1.50 3.21 4.71
14,561.9 9,642.4 9,669.4
295,546.7 257,300.7 250,196.5 324,474.1
40.80 47.62 52.44 67.14
87,322.0 67,479.5 32,873.0
ICICI Bank Ltd (ICICIBC IN) - Growth
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
1 Year Growth
Revenue -10.39 -7.64 20.41 16.59
Operating Income 32.43 27.54 27.35 27.43
Net Income to Common 30.57 30.47 25.43 25.65
EPS Diluted 30.09 27.64 24.06 25.40
EPS Diluted before XO 30.09 27.64 24.06 25.40
EPS Diluted before Abnormal 28.61 28.71 24.51 25.07
Dividend per Share 9.09 16.67 17.86 21.21

Fixed Assets -14.12 42.13 -1.05 0.76

Total Assets 1.38 9.08 16.02 8.97
Employees — 38.72 2.29 6.50
Short-Term Debt -29.03 60.18 -25.31 15.95
Total Debt 20.56 13.98 20.55 7.96
Total Equity 9.43 7.79 10.67 12.38
Capital 17.11 12.19 17.80 9.12
Book Value per Share 8.69 4.35 10.71 12.13

Cash From Operations 21.98 32.28 -78.80 515.59

Capital Expenditures -49.09 34.37 -32.28 3.22
Net Change In Cash — — — 363.83
Free Cash Flow 31.12 32.17 -81.16 609.05

5 Year Growth
Revenue 20.89 9.41 3.32 -1.13
Operating Income 17.61 22.07 26.01 26.73
Net Income to Common 14.28 20.28 22.59 23.09
EPS Diluted 5.02 11.69 16.52 20.96
EPS Diluted before XO — — — —
EPS Diluted before Abnormal — — — —
Dividend per Share 9.86 10.49 10.53 12.70

Fixed Assets -1.56 5.79 4.59 3.19

Total Assets 22.36 14.00 9.45 6.80
Employees — — — —
Short-Term Debt 34.29 40.65 -4.26 38.98
Total Debt 21.92 19.79 16.88 13.69
Total Equity 32.70 19.90 20.36 9.00
Total Capital 5 Year Growth 24.52 19.82 17.74 12.31
Book Value per Share 22.53 13.95 14.81 8.20

Cash From Operations 41.41 17.21 — 26.64

Net Change In Cash 21.10 — — —
Free Cash Flow 47.90 17.97 — 31.27

Sequential Growth
Revenue -10.39 -7.64 20.41 16.59
Operating Income 32.43 27.54 27.35 27.43
Net Income to Common 30.57 30.47 25.43 25.65
EPS Diluted 30.09 27.64 24.06 25.40
EPS Diluted before XO 30.09 27.64 24.06 25.40
EPS Diluted before Abnormal 28.61 28.71 24.51 25.07
Dividend per Share 9.09 16.67 17.86 21.21

Fixed Assets -14.12 42.13 -1.05 0.76

Total Assets 1.38 9.08 16.02 8.97
Employees — 38.72 2.29 6.50
Short-Term Debt -29.03 60.18 -25.31 15.95
Total Debt 20.56 13.98 20.55 7.96
Total Equity 9.43 7.79 10.67 12.38
Capital 17.11 12.19 17.80 9.12
Book Value per Share 8.69 4.35 10.71 12.13

Capital Expenditures -49.09 34.37 -32.28 3.22

Net Change In Cash — -164.21 — 363.83
Free Cash Flow 31.12 32.17 -81.16 609.05
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019

11.44 11.83 10.17 8.91 -1.63 10.07

19.63 12.61 -21.98 -3.46 -20.50 -32.52
14.97 10.92 -16.88 0.08 -24.30 -44.84
14.85 10.05 -16.86 0.11 -24.96 -45.08
14.85 10.05 -16.86 0.11 -24.96 -45.08
14.18 10.93 -16.98 35.66 -69.33 -17.10
15.00 8.70 0.00 -50.00 -34.00 0.00

0.61 6.62 48.41 7.17 1.36 2.06

10.81 10.47 11.22 7.29 14.06 10.19
16.37 -6.05 6.36 — — —
-0.95 -3.65 6.42 26.82 8.95 27.89
5.49 13.43 4.48 -11.37 20.41 -4.70
11.31 11.18 11.76 12.34 6.52 3.60
7.06 12.80 6.49 -4.50 15.68 -2.10
11.02 10.40 10.77 10.99 5.39 2.99

-20.02 -6.59 29.48 38.23 -53.80 238.03

33.99 48.64 -31.84 55.20 -20.85 10.17
— 44.18 — -11.17 -44.95 —
-21.45 -9.09 34.02 37.59 -55.20 255.13

5.30 10.07 14.03 11.76 8.03 7.76

26.81 22.76 11.27 5.27 -4.21 -14.57
25.29 21.27 10.81 5.92 -4.29 -17.37
24.29 20.20 10.33 5.70 -4.62 -17.70
24.29 20.20 10.33 5.70 -4.62 -17.70
24.10 20.48 10.37 12.27 -15.24 -20.49
15.90 15.81 12.30 -5.40 -16.23 -18.54

4.13 8.74 9.68 11.44 11.58 11.90

9.15 11.04 11.47 9.74 10.75 10.62
— 10.57 4.85 — — —
-0.50 5.77 -2.54 8.35 7.01 12.62
13.54 12.16 10.22 3.65 5.93 3.80
10.30 10.66 11.46 11.79 10.60 9.03
12.57 11.73 10.57 6.03 7.27 5.37
9.35 9.69 11.00 11.06 9.69 8.06

10.98 5.22 4.77 52.44 -9.18 21.16

 — — — — — —
12.70 4.74 5.03 56.33 -10.02 21.67

11.44 11.83 10.17 8.91 -1.63 10.07

19.63 12.61 -21.98 -3.46 -20.50 -32.52
14.97 10.92 -16.88 0.08 -24.30 -44.84
14.85 10.05 -16.86 0.11 -24.96 -45.08
14.85 10.05 -16.86 0.11 -24.96 -45.08
14.18 10.93 -16.98 35.66 -69.33 -17.10
15.00 8.70 0.00 -50.00 -34.00 0.00

0.61 6.62 48.41 7.17 1.36 2.06

10.81 10.47 11.22 7.29 14.06 10.19
16.37 -6.05 6.36 — — —
-0.95 -3.65 6.42 26.82 8.95 27.89
5.49 13.43 4.48 -11.37 20.41 -4.70
11.31 11.18 11.76 12.34 6.52 3.60
7.06 12.80 6.49 -4.50 15.68 -2.10
11.02 10.40 10.77 10.99 5.39 2.99

33.99 48.64 -31.84 55.20 -20.85 10.17

-113.54 — — -11.17 -44.95 -118.90
-21.45 -9.09 34.02 37.59 -55.20 255.13
ICICI Bank Ltd (ICICIBC IN) - ESG Ratios
In Millions of INR except Per Share FY 2010 FY 2011 FY 2012 FY 2013
12 Months Ending 03/31/2010 03/31/2011 03/31/2012 03/31/2013
Disclosure Scores
ESG Disclosure Score 14.47 14.47 14.47 14.47
Environmental Disclosure Score — — — —
Social Disclosure Score 6.67 6.67 6.67 6.67
Governance Disclosure Score 51.79 51.79 51.79 51.79
Greenhouse Gases
GHG Intensity per Sales — — — —
GHG Scope 1 Intensity per Sales — — — —
GHG Scope 2 Intensity per Sales — — — —
GHG/CO2 Intensity / Net Fixed Assets — — — —
GHG Intensity per Energy — — — —
GHG Intensity per Employee — — — —
GHG Intensity per Assets — — — —

Carbon Dioxide

Energy
Energy Intensity per Sales — — — —
Energy Intensity per Employee — — — —
Energy Intensity per Assets — — — —

Water

Waste

Other Environmental

Social
Actual Net Income per Employee 1,137,210.11 1,069,575.94 1,311,506.54 1,547,347.54
Actual Cash Flow per Employee 3,408,461.89 3,250,178.59 673,455.11 3,892,640.31
Actual Personnel Expenses per Employee 895,692.44 771,050.20 875,364.01 906,966.36

Governance
Percentage of Non-Executive Directors on 70.59 75.00 66.67 66.67
% Independent Directors 64.71 58.33 58.33 66.67
% Women on Board 5.88 8.33 16.67 16.67
Percentage of Female Executives 14.29 14.29 14.29 16.13
Board of Directors Age Range 26.00 22.00 23.00 23.00
Board Average Age 56.41 57.50 56.75 57.75
Board Meeting Attendance % 81.19 80.31 87.87 93.33
Independent Directors Board Meeting Atte 73.61 72.72 73.68 90.00
Pct of Independent Directors on Audit Comm 100.00 100.00 100.00 100.00
Audit Committee Meeting Attendance Perce 91.67 — 82.14 93.75
% of Ind Directors on Compensation Commi 75.00 66.67 66.67 100.00
Compensation Committee Meeting Attenda — — 86.66 100.00
% of Ind Directors on Nomination Committe 75.00 66.67 66.67 100.00
Source: Bloomberg
 FY 2014 FY 2015 FY 2016 FY 2017 FY 2018 FY 2019
03/31/2014 03/31/2015 03/31/2016 03/31/2017 03/31/2018 03/31/2019

14.47 21.05 21.05 23.25 27.19 32.46

— 5.36 5.36 7.14 15.18 25.89
6.67 21.67 21.67 26.67 26.67 26.67
51.79 51.79 51.79 51.79 51.79 51.79

— — — — — 0.05
— — — — — 0.00
— — — — — 0.04
— — — — — 0.44
— — — — — 255.67
— — — — — 0.49
— — — — — 0.00

— — — — 0.21 0.18
— — — — 2.09 1.92
— — — — 0.02 0.01

1,528,724.61 1,804,804.99 1,410,454.94 — — —

2,675,384.92 2,660,067.17 3,238,210.53 — — —
826,405.12 967,965.22 957,712.34 — — —

66.67 66.67 61.54 61.54 58.33 76.92

66.67 58.33 53.85 53.85 50.00 69.23
8.33 8.33 15.38 15.38 25.00 23.08
18.52 18.52 15.15 13.33 12.50 16.67
23.00 22.00 25.00 26.00 21.00 21.00
58.33 59.58 55.62 59.23 56.75 59.46
95.23 84.52 85.40 89.62 77.21 75.78
93.33 83.67 88.57 82.53 77.50 80.32
100.00 100.00 100.00 100.00 100.00 100.00
100.00 100.00 96.90 91.67 88.89 92.15
100.00 100.00 100.00 100.00 100.00 75.00
86.66 100.00 95.80 90.00 80.95 90.47
100.00 100.00 100.00 100.00 100.00 75.00