ICICI Bank: Financial Results – Quarter ended June 30, 2021

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ICICI Bank Limited

CIN-L65190GJ1994PLC021012

Registered Office: ICICI Bank Tower, Near Chakli Circle, Old Padra Road, Vadodara - 390 007.

Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.

Phone: [phone], Fax: [phone], Email: [e-mail]

Website: www.icicibank.com

STANDALONE FINANCIAL RESULTS

									(` in crore)
						Three months ended		Year ended
Sr.					June	March		June	March
		Particulars		30, 2021	31, 2021		30, 2020	31, 2021
no.
				(Q1-2022)	(Q4-2021)		(Q1-2021)	(FY2021)
					(Unaudited)	(Audited)		(Unaudited)	(Audited)
1.	Interest earned (a)+(b)+(c)+(d)		20,383.41	19,841.67		19,924.35	79,118.27
	a)	Interest/discount on advances/bills		14,984.58	14,639.42		14,576.67	57,288.81
	b)	Income on investments		4,041.51	3,914.84		4,190.71	16,539.78
	c)	Interest on balances with Reserve Bank of India and
		other inter-bank funds		140.77	307.83		444.82	1,631.91
	d)	Others		1,216.55	979.58		712.15	3,657.77
2.	Other income (refer note no. 6)		3,995.86	4,111.35		6,142.60	18,968.53
3.	TOTAL INCOME (1)+(2)		24,379.27	23,953.02		26,066.95	98,086.80
4.	Interest expended		9,447.65	9,410.54		10,644.60	40,128.84
5.	Operating expenses (e)+(f)		6,037.22	6,002.65		4,645.90	21,560.83
	e)	Employee cost		2,374.39	2,008.43		2,166.08	8,091.78
	f)	Other operating expenses		3,662.83	3,994.22		2,479.82	13,469.05
6.	TOTAL EXPENDITURE (4)+(5)
	(excluding provisions and contingencies)		15,484.87	15,413.19		15,290.50	61,689.67
7.	OPERATING PROFIT (3)-(6)
	(Profit before provisions and contingencies)		8,894.40	8,539.83		10,776.45	36,397.13
8.	Provisions (other than tax) and contingencies (refer note
	no. 3 to 5 below)		2,851.69	2,883.47		7,593.95	16,214.41
9.	PROFIT/(LOSS) FROM ORDINARY ACTIVITIES	BEFORE
	EXCEPTIONAL ITEMS AND TAX (7)-(8)		6,042.71	5,656.36		3,182.50	20,182.72
10.	Exceptional items		..	..		..	..
11.	PROFIT/(LOSS) FROM ORDINARY ACTIVITIES	BEFORE
	TAX (9)-(10)		6,042.71	5,656.36		3,182.50	20,182.72
12.	Tax expense (g)+(h)		1,426.69	1,253.75		583.35	3,990.04
	g)	Current period tax		1,301.78	1,393.27		772.89	4,665.66
	h)	Deferred tax adjustment		124.91	(139.52)		(189.54)	(675.62)
13.	NET PROFIT/(LOSS) FROM ORDINARY ACTIVITIES AFTER
	TAX (11)-(12)		4,616.02	4,402.61		2,599.15	16,192.68
14.	Extraordinary items (net of tax expense)		..	..		..	..
15.	NET PROFIT/(LOSS) FOR THE PERIOD (13)-(14)	4,616.02	4,402.61		2,599.15	16,192.68
16.	Paid-up equity share capital (face value ` 2 each)		1,385.22	1,383.41		1,295.41	1,383.41
17.	Reserves excluding revaluation reserves		147,894.71	143,029.08		114,205.75	143,029.08
18.	Analytical ratios
	i)	Percentage of shares held by Government of India	0.20%	0.34%		0.34%	0.34%
	ii)	Capital adequacy ratio (Basel III)		18.71%	19.12%		16.00%	19.12%
	iii)	Earnings per share (EPS)
		a)	Basic EPS before and after extraordinary items, net
			of tax expense (not annualised) (in `)		6.67	6.37		4.01	24.01
		b)	Diluted EPS before and after extraordinary items,
			net of tax expense (not annualised) (in `)		6.54	6.25		3.98	23.67
19.	NPA Ratio1
	i)	Gross non-performing customer assets (net of write-
		off)		43,148.28	41,373.42		40,386.24	41,373.42
	ii)	Net non-performing customer assets		9,305.83	9,180.20		8,674.65	9,180.20
	iii)	% of gross non-performing customer assets (net of
		write-off) to gross customer assets		5.15%	4.96%		5.46%	4.96%
	iv)	% of net non-performing customer assets	to net
		customer assets		1.16%	1.14%		1.23%	1.14%
20.	Return on assets (annualised)		1.54%	1.51%		0.95%	1.42%

1. At June 30, 2021, the percentage of gross non-performing advances (net of write-off) to gross advances was 5.51% (March 31, 2021: 5.33%, June 30,

2020: 5.99%) and net non-performing advances to net advances was 1.26% (March 31, 2021: 1.24%, June 30, 2020: 1.34%).

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SUMMARISED STANDALONE BALANCE SHEET

			(` in crore)
		At
Particulars	June	March	June
30, 2021	31, 2021	30, 2020
	(Unaudited)	(Audited)	(Unaudited)
Capital and Liabilities
Capital	1,385.22	1,383.41	1,295.41
Employees stock options outstanding	2.64	3.10	3.46
Reserves and surplus	150,988.30	146,122.67	117,320.62
Deposits	926,223.94	932,522.16	801,622.31
Borrowings (includes subordinated debt)	89,130.82	91,630.96	164,917.95
Other liabilities and provisions	52,923.50	58,770.38	53,452.95
Total Capital and Liabilities	1,220,654.42	1,230,432.68	1,138,612.70
Assets
Cash and balances with Reserve Bank of India	42,036.01	46,031.19	32,255.62
Balances with banks and money at call and short notice	63,828.26	87,097.06	88,995.26
Investments	294,848.74	281,286.54	301,851.11
Advances	738,597.86	733,729.09	631,214.64
Fixed assets	8,956.43	8,877.58	8,442.99
Other assets	72,387.12	73,411.22	75,853.08
Total Assets	1,220,654.42	1,230,432.68	1,138,612.70

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CONSOLIDATED FINANCIAL RESULTS

							(` in crore)
				Three months ended		Year ended
			June	March		June	March
Sr.		Particulars	30, 2021	31, 2021		30, 2020	31, 2021
no.
		(Q1-2022)	(Q4-2021)		(Q1-2021)	(FY2021)
			(Unaudited)	(Audited)		(Unaudited)	(Audited)
1.	Interest earned (a)+(b)+(c)+(d)	23,097.28	22,299.58		22,422.71	89,162.66
	a)	Interest/discount on advances/bills	15,697.44	15,358.26		15,335.70	60,261.69
	b)	Income on investments	5,957.99	5,555.62		5,853.73	23,264.25
	c)	Interest on balances with Reserve Bank of India and
		other inter-bank funds	199.15	365.34		504.47	1,881.72
	d)	Others	1,242.70	1,020.36		728.81	3,755.00
2.	Other income (refer note no. 6)	15,755.32	21,321.71		15,516.61	72,173.82
3.	TOTAL INCOME (1)+(2)	38,852.60	43,621.29		37,939.32	161,336.48
4.	Interest expended	10,073.74	9,955.08		11,347.02	42,659.09
5.	Operating expenses (e)+(f)	19,161.43	23,733.31		14,300.42	76,271.67
	e)	Employee cost	3,100.91	2,803.24		2,857.36	11,050.91
	f)	Other operating expenses	16,060.52	20,930.07		11,443.06	65,220.76
6.	TOTAL EXPENDITURE (4)+(5)
	(excluding provisions and contingencies)	29,235.17	33,688.39		25,647.44	118,930.76
7.	OPERATING PROFIT (3)-(6)
	(Profit before provisions and contingencies)	9,617.43	9,932.90		12,291.88	42,405.72
8.	Provisions (other than tax) and contingencies (refer note
	no. 3 to 5 below)	2,938.84	2,922.57		7,704.58	16,377.39
9.	PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE
	EXCEPTIONAL ITEMS AND TAX (7)-(8)	6,678.59	7,010.33		4,587.30	26,028.33
10.	Exceptional items	..	..		..	..
11.	PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE
	TAX (9)-(10)	6,678.59	7,010.33		4,587.30	26,028.33
12.	Tax expense (g)+(h)	1,701.77	1,679.39		1,000.39	5,664.37
	g)	Current period tax	1,617.09	1,594.43		1,248.98	6,261.18
	h)	Deferred tax adjustment	84.68	84.96		(248.59)	(596.81)
13.	Less: Share of profit/(loss) of minority shareholders	229.40	444.78		469.23	1,979.64
14.	NET PROFIT/(LOSS) FROM ORDINARY ACTIVITIES AFTER
	TAX (11)-(12)-(13)	4,747.42	4,886.16		3,117.68	18,384.32
15.	Extraordinary items (net of tax expense)	..	..		..	..
16.	NET PROFIT/(LOSS) FOR THE PERIOD (14)-(15)	4,747.42	4,886.16		3,117.68	18,384.32
17.	Paid-up equity share capital (face value ` 2/- each)	1,385.22	1,383.41		1,295.41	1,383.41
18.	Reserves excluding revaluation reserves	158,070.47	153,075.71		121,705.39	153,075.71
19.	Analytical ratios
	Basic EPS before and after extraordinary items, net of tax
	expense (not annualised) (in `)	6.86	7.07		4.82	27.26
	Diluted EPS before and after extraordinary items, net of tax
	expense (not annualised) (in `)	6.72	6.93		4.76	26.83

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SUMMARISED CONSOLIDATED BALANCE SHEET

			(` in crore)
		At
Particulars	June	March	June
30, 2021	31, 2021	30, 2020
	(Unaudited)	(Audited)	(Unaudited)
Capital and Liabilities
Capital	1,385.22	1,383.41	1,295.41
Employees stock options outstanding	2.64	3.10	3.46
Reserves and surplus	161,195.75	156,200.99	124,848.75
Minority interest	9,513.72	9,588.34	7,863.05
Deposits	954,899.89	959,940.02	833,629.01
Borrowings (includes subordinated debt)	137,171.16	143,899.94	222,053.58
Liabilities on policies in force	212,817.05	203,180.04	161,807.77
Other liabilities and provisions	95,786.70	99,616.40	92,075.00
Total Capital and Liabilities	1,572,772.13	1,573,812.24	1,443,576.03
Assets
Cash and balances with Reserve Bank of India	42,076.19	46,302.20	32,342.17
Balances with banks and money at call and short notice	78,873.03	101,268.33	100,829.42
Investments	556,973.58	536,578.62	519,792.87
Advances	798,499.03	791,801.39	692,617.34
Fixed assets	10,869.51	10,809.26	10,412.38
Other assets	85,480.79	87,052.44	87,581.85
Total Assets	1,572,772.13	1,573,812.24	1,443,576.03

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	CONSOLIDATED SEGMENTAL RESULTS
						(` in crore)
			Three months ended		Year ended
Sr.		June	March		June	March
Particulars	30, 2021	31, 2021		30, 2020	31, 2021
no.
	(Q1-2022)	(Q4-2021)		(Q1-2021)	(FY2021)
		(Unaudited)	(Audited)		(Unaudited)	(Audited)
1.	Segment Revenue
a	Retail Banking	19,707.34	19,796.67		18,166.15	75,669.29
b	Wholesale Banking	9,469.78	9,140.31		9,570.91	37,194.53
c	Treasury	16,181.95	15,467.46		19,276.23	66,625.38
d	Other Banking	705.35	719.55		806.81	3,180.06
e	Life Insurance	9,184.14	14,674.57		7,224.11	43,621.59
f	General Insurance	3,609.51	3,404.46		3,022.37	12,964.83
g	Others	2,103.79	1,917.43		1,989.53	7,827.03
	Total segment revenue	60,961.86	65,120.45		60,056.11	247,082.71
	Less: Inter segment revenue	22,109.26	21,499.16		22,116.79	85,746.23
	Income from operations	38,852.60	43,621.29		37,939.32	161,336.48
2.	Segmental Results (i.e. Profit before tax and minority
	interest)
a	Retail Banking	389.41	2,298.47		2,758.76	7,739.97
b	Wholesale Banking	1,908.46	2,524.49		1,015.71	5,819.95
c	Treasury	2,702.56	1,867.56		4,575.93	10,759.88
d	Other Banking	145.32	77.86		152.05	573.57
e	Life Insurance	(215.82)	113.66		311.19	1,081.18
f	General Insurance	201.50	450.11		531.04	1,953.95
g	Others	954.49	1,031.08		978.55	4,007.71
h	Unallocated	1,050.00	(1,000.00)		(5,550.00)	(4,750.00)
	Total segment results	7,135.92	7,363.23		4,773.23	27,186.21
	Less: Inter segment adjustment	457.33	352.90		185.93	1,157.88
	Profit before tax and minority interest	6,678.59	7,010.33		4,587.30	26,028.33
3.	Segment assets
a	Retail Banking	417,429.46	412,498.65		344,944.02	412,498.65
b	Wholesale Banking	328,226.41	325,937.50		293,585.67	325,937.50
c	Treasury	447,958.61	460,232.05		470,972.30	460,232.05
d	Other Banking	71,442.53	75,068.23		77,730.17	75,068.23
e	Life Insurance	227,515.01	216,918.91		173,053.48	216,918.91
f	General Insurance	40,397.10	38,943.61		36,511.84	38,943.61
g	Others	40,767.08	44,599.48		45,367.49	44,599.48
h	Unallocated	13,890.50	14,359.97		16,178.01	14,359.97
	Total	1,587,626.70	1,588,558.40		1,458,342.98	1,588,558.40
	Less: Inter segment adjustment	14,854.57	14,746.16		14,766.95	14,746.16
	Total segment assets	1,572,772.13	1,573,812.24		1,443,576.03	1,573,812.24
4.	Segment liabilities
a	Retail Banking	699,657.43	686,920.79		596,257.64	686,920.79
b	Wholesale Banking	263,529.57	282,163.92		236,736.53	282,163.92
c	Treasury	117,749.98	121,596.08		195,084.56	121,596.08
d	Other Banking	53,335.59	56,774.88		61,372.78	56,774.88
e	Life Insurance	219,206.66	207,915.76		165,399.31	207,915.76
f	General Insurance	32,390.10	31,143.21		30,436.03	31,143.21
g	Others	33,963.30	38,195.80		39,847.95	38,195.80
h	Unallocated	5,210.46	6,260.46		7,060.56	6,260.46
	Total	1,425,043.09	1,430,970.90		1,332,195.36	1,430,970.90
	Less: Inter segment adjustment	14,854.57	14,746.16		14,766.95	14,746.16
	Total segment liabilities	1,410,188.52	1,416,224.74		1,317,428.41	1,416,224.74
5.	Capital employed (i.e. Segment assets - Segment
	liabilities)
a	Retail Banking	(282,227.97)	(274,422.14)		(251,313.62)	(274,422.14)
b	Wholesale Banking	64,696.84	43,773.58		56,849.14	43,773.58
c	Treasury	330,208.63	338,635.97		275,887.74	338,635.97
d	Other Banking	18,106.94	18,293.35		16,357.39	18,293.35
e	Life Insurance	8,308.35	9,003.15		7,654.17	9,003.15
f	General Insurance	8,007.00	7,800.40		6,075.81	7,800.40
g	Others	6,803.78	6,403.68		5,519.54	6,403.68
h	Unallocated	8,680.04	8,099.51		9,117.45	8,099.51
	Total capital employed	162,583.61	157,587.50		126,147.62	157,587.50

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