Performance Review: Q1Q1---20042004 - ICICI Bank · 4 Profit & loss statement FYFY 2003 2003...

Performance Review: Performance Review: Performance Review: Performance Review: Q1Q1Q1Q1----2004200420042004

July 25, 2003July 25, 2003July 25, 2003July 25, 2003

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• 34% increase in profit after tax to Rs. 3.40 bn 34% increase in profit after tax to Rs. 3.40 bn 34% increase in profit after tax to Rs. 3.40 bn 34% increase in profit after tax to Rs. 3.40 bn compared to Rs. 2.53 bn in Q1compared to Rs. 2.53 bn in Q1compared to Rs. 2.53 bn in Q1compared to Rs. 2.53 bn in Q1----2003200320032003

• Net interest margin improved to 1.7% for Q1Net interest margin improved to 1.7% for Q1Net interest margin improved to 1.7% for Q1Net interest margin improved to 1.7% for Q1----2004 compared to 1.4% for FY20032004 compared to 1.4% for FY20032004 compared to 1.4% for FY20032004 compared to 1.4% for FY2003

• Equity capital gains of Rs. 0.76 bn Equity capital gains of Rs. 0.76 bn Equity capital gains of Rs. 0.76 bn Equity capital gains of Rs. 0.76 bn •CapitalisingCapitalisingCapitalisingCapitalising on on on on favourablefavourablefavourablefavourable market conditions market conditions market conditions market conditions

to unlock value from historic long term to unlock value from historic long term to unlock value from historic long term to unlock value from historic long term investment portfolioinvestment portfolioinvestment portfolioinvestment portfolio

HighlightsHighlightsHighlightsHighlights

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• Sustained growth in retail portfolio, now Sustained growth in retail portfolio, now Sustained growth in retail portfolio, now Sustained growth in retail portfolio, now constituting 35% of customer assetsconstituting 35% of customer assetsconstituting 35% of customer assetsconstituting 35% of customer assets

• Net NPA ratio at 4.9% after compliance with 90Net NPA ratio at 4.9% after compliance with 90Net NPA ratio at 4.9% after compliance with 90Net NPA ratio at 4.9% after compliance with 90----day normday normday normday norm

• Deposit growth of 12% in the quarterDeposit growth of 12% in the quarterDeposit growth of 12% in the quarterDeposit growth of 12% in the quarter•Deposits constitute 57% of fundingDeposits constitute 57% of fundingDeposits constitute 57% of fundingDeposits constitute 57% of funding•About Rs. 23.00 bn of erstwhile ICICI About Rs. 23.00 bn of erstwhile ICICI About Rs. 23.00 bn of erstwhile ICICI About Rs. 23.00 bn of erstwhile ICICI

borrowings repaid in Q1borrowings repaid in Q1borrowings repaid in Q1borrowings repaid in Q1----2004200420042004

HighlightsHighlightsHighlightsHighlights

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Profit & loss statementProfit & loss statementProfit & loss statementProfit & loss statement

FYFYFYFY

2003200320032003 Q1Q1Q1Q1---- 2003200320032003

Q4Q4Q4Q4---- 2003200320032003

Q1Q1Q1Q1---- 2004200420042004

Interest incomeInterest incomeInterest incomeInterest income 93.1593.1593.1593.15 23.9623.9623.9623.96 23.8123.8123.8123.811111 22.5622.5622.5622.56

Interest expenseInterest expenseInterest expenseInterest expense 79.4479.4479.4479.44 20.6020.6020.6020.60 19.9619.9619.9619.96 18.4018.4018.4018.40

NIINIINIINII 13.7113.7113.7113.71 3.363.363.363.36 3.853.853.853.851111 4.164.164.164.16

NonNonNonNon----interest incomeinterest incomeinterest incomeinterest income 20.2020.2020.2020.20 4.604.604.604.60 4.624.624.624.621111 6.446.446.446.44 ---- Fee income Fee income Fee income Fee income 8.478.478.478.47 1.951.951.951.95 2.272.272.272.27 2.362.362.362.36

---- Treasury Treasury Treasury Treasury 5.005.005.005.00 0.970.970.970.97 0.700.700.700.701111 2.612.612.612.61

Of which: Equity Of which: Equity Of which: Equity Of which: Equity 1.091.091.091.09 0.110.110.110.11 0.130.130.130.13 0.760.760.760.76

---- Lease income Lease income Lease income Lease income 5.375.375.375.37 1.381.381.381.38 1.301.301.301.30 1.121.121.121.12

---- Others Others Others Others 1.361.361.361.36 0.300.300.300.30 0.350.350.350.35 0.350.350.350.35

Operating incomeOperating incomeOperating incomeOperating income 33.9133.9133.9133.91 7.96 7.96 7.96 7.96 8.478.478.478.47 10.6010.6010.6010.60

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(Rs. in billion)(Rs. in billion)(Rs. in billion)(Rs. in billion)

1. Dividend on mutual fund Rs. 0.53 bn 1. Dividend on mutual fund Rs. 0.53 bn 1. Dividend on mutual fund Rs. 0.53 bn 1. Dividend on mutual fund Rs. 0.53 bn excluded from NII and included in treasuryexcluded from NII and included in treasuryexcluded from NII and included in treasuryexcluded from NII and included in treasury

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FYFYFYFY 2003200320032003

Q1Q1Q1Q1---- 2003200320032003

Q4Q4Q4Q4----2003200320032003

Q1Q1Q1Q1 2004200420042004

Operating incomeOperating incomeOperating incomeOperating income 33.9133.9133.9133.91 7.967.967.967.96 8.478.478.478.47 10.6010.6010.6010.60

Operating expensesOperating expensesOperating expensesOperating expenses 15.3515.3515.3515.35 3.513.513.513.51 4.304.304.304.30 4.634.634.634.63

Other DMA expenseOther DMA expenseOther DMA expenseOther DMA expense 1.621.621.621.62 0.130.130.130.13 0.560.560.560.56 0.580.580.580.58

Lease depreciationLease depreciationLease depreciationLease depreciation 3.143.143.143.14 0.790.790.790.79 0.800.800.800.80 0.730.730.730.73

Operating profitOperating profitOperating profitOperating profit 13.8013.8013.8013.80 3.533.533.533.53 2.812.812.812.81 4.664.664.664.66

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FYFYFYFY

2003200320032003 Q1Q1Q1Q1----

2003200320032003 Q4Q4Q4Q4----

2003200320032003 Q1Q1Q1Q1----

2004200420042004

Operating profitOperating profitOperating profitOperating profit 13.8013.8013.8013.80 3.533.533.533.53 2.812.812.812.81 4.664.664.664.66

Profit on sale of ICICI Bank sharesProfit on sale of ICICI Bank sharesProfit on sale of ICICI Bank sharesProfit on sale of ICICI Bank shares 11.9111.9111.9111.91 ---- ---- ----

Less:Less:Less:Less: ---- Provisions incl. addl. provision Provisions incl. addl. provision Provisions incl. addl. provision Provisions incl. addl. provision on loanson loanson loanson loans

21.3421.3421.3421.34 1.301.301.301.30 1.191.191.191.19 1.801.801.801.80

---- Writeback on loans Writeback on loans Writeback on loans Writeback on loans (4.04)(4.04)(4.04)(4.04) (0.57)(0.57)(0.57)(0.57) (1.86)(1.86)(1.86)(1.86) (0.55)(0.55)(0.55)(0.55) ---- P P P Provisions/(writeback) on rovisions/(writeback) on rovisions/(writeback) on rovisions/(writeback) on investmentsinvestmentsinvestmentsinvestments 0.610.610.610.61 (0.02)(0.02)(0.02)(0.02) 0.230.230.230.23 (0.40)(0.40)(0.40)(0.40)

---- Tax, net of deferred tax Tax, net of deferred tax Tax, net of deferred tax Tax, net of deferred tax (4.26)(4.26)(4.26)(4.26) 0.290.290.290.29 (0.13)(0.13)(0.13)(0.13) 0.410.410.410.41

Profit after taxProfit after taxProfit after taxProfit after tax 12.0612.0612.0612.06 2.532.532.532.53 3.383.383.383.38 3.403.403.403.40

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Balance sheet: AssetsBalance sheet: AssetsBalance sheet: AssetsBalance sheet: Assets

Mar 31, Mar 31, Mar 31, Mar 31, 2002200220022002

Mar 31,Mar 31,Mar 31,Mar 31, 2003200320032003

Jun 30,Jun 30,Jun 30,Jun 30, 2003200320032003

Cash, balances with Cash, balances with Cash, balances with Cash, balances with banks & SLRbanks & SLRbanks & SLRbanks & SLR 355.78355.78355.78355.78 320.72320.72320.72320.72 338.30338.30338.30338.30 ---- Cash & bank Cash & bank Cash & bank Cash & bank balances balances balances balances 127.86127.86127.86127.86 64.8964.8964.8964.89 68.0168.0168.0168.01 ---- SLR investments SLR investments SLR investments SLR investments 227.92227.92227.92227.92 255.83255.83255.83255.83 270.29270.29270.29270.29 AdvancesAdvancesAdvancesAdvances 470.35470.35470.35470.35 532.79532.79532.79532.79 543.80543.80543.80543.80 Of which : RetailOf which : RetailOf which : RetailOf which : Retail 61.2561.2561.2561.25 191.32191.32191.32191.32 225.35225.35225.35225.35 DDDDebentures & bondsebentures & bondsebentures & bondsebentures & bonds 64.3664.3664.3664.36 56.9056.9056.9056.90 60.0860.0860.0860.08 Other investmentsOther investmentsOther investmentsOther investments 66.6366.6366.6366.63 41.8941.8941.8941.89 41.3941.3941.3941.39 Fixed assetsFixed assetsFixed assetsFixed assets 42.3942.3942.3942.39 40.6140.6140.6140.61 39.6839.6839.6839.68 Other assetsOther assetsOther assetsOther assets 41.5541.5541.5541.55 75.2175.2175.2175.21 75.1675.1675.1675.16 Total assetsTotal assetsTotal assetsTotal assets 1,041.061,041.061,041.061,041.06 1,068.121,068.121,068.121,068.12 1,098.411,098.411,098.411,098.41


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Retail constitutes 21% of balance sheetRetail constitutes 21% of balance sheetRetail constitutes 21% of balance sheetRetail constitutes 21% of balance sheet

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30%30%30%30%

20%20%20%20%

9%9%9%9%

4%4%4%4% 19%19%19%19%

18%18%18%18%

Retail financeRetail financeRetail financeRetail finance

Project financeProject financeProject financeProject finance

Corporate financeCorporate financeCorporate financeCorporate finance

Reserves & cashReserves & cashReserves & cashReserves & cash

InvestmentsInvestmentsInvestmentsInvestments

Other assetsOther assetsOther assetsOther assets

Rs. 1,068.12 billionRs. 1,068.12 billionRs. 1,068.12 billionRs. 1,068.12 billion Rs. 1,098.41 billionRs. 1,098.41 billionRs. 1,098.41 billionRs. 1,098.41 billion

March 2003March 2003March 2003March 2003 June 2003June 2003June 2003June 2003

31%31%31%31%

4%4%4%4%

18%18%18%18%

21%21%21%21%

17%17%17%17%9%9%9%9%

1111

1. Includes advance tax, deferred tax & 1. Includes advance tax, deferred tax & 1. Includes advance tax, deferred tax & 1. Includes advance tax, deferred tax & other current assetsother current assetsother current assetsother current assets

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Balance sheet: LiabilitiesBalance sheet: LiabilitiesBalance sheet: LiabilitiesBalance sheet: Liabilities M ar 31, M ar 31, M ar 31, M ar 31,

2002200220022002 M ar 31, M ar 31, M ar 31, M ar 31,

2003200320032003 Jun 30, Jun 30, Jun 30, Jun 30,

2003200320032003

Net worthNet worthNet worthNet worth 62.4562.4562.4562.45 69.3369.3369.3369.33 72.7372.7372.7372.73

---- Equity capital Equity capital Equity capital Equity capital 6.136.136.136.13 6.136.136.136.13 6.136.136.136.13

---- Reserves Reserves Reserves Reserves 56.3256.3256.3256.32 63.2063.2063.2063.20 66.6166.6166.6166.61

Preference capitalPreference capitalPreference capitalPreference capital 3.503.503.503.50 3.503.503.503.50 3.503.503.503.50

DepositsDepositsDepositsDeposits 320.85320.85320.85320.85 481.69481.69481.69481.69 538.53538.53538.53538.53

---- Savings & savings linked Savings & savings linked Savings & savings linked Savings & savings linked1111 67.7167.7167.7167.71 106.52106.52106.52106.52 114.55114.55114.55114.55

---- Curre Curre Curre Current & current linkednt & current linkednt & current linkednt & current linked1111 38.0438.0438.0438.04 54.04 54.04 54.04 54.04 65.8665.8665.8665.86

---- Term Term Term Term 215.10215.10215.10215.10 321.13321.13321.13321.13 358.13358.13358.13358.13

ICICI borrowingsICICI borrowingsICICI borrowingsICICI borrowings 582.10582.10582.10582.10 372.50372.50372.50372.50 349.32349.32349.32349.32

Other borrowingsOther borrowingsOther borrowingsOther borrowings 7.607.607.607.60 68.0268.0268.0268.02 63.8663.8663.8663.86

Other liabilities Other liabilities Other liabilities Other liabilities 64.5664.5664.5664.56 73.0873.0873.0873.08 70.4770.4770.4770.47

Total liabilitiesTotal liabilitiesTotal liabilitiesTotal liabilities 1,041.061,041.061,041.061,041.06 1,068.12 1,068.12 1,068.12 1,068.12 1,098.411,098.411,098.411,098.41


1. Includes value1. Includes value1. Includes value1. Includes value----added accounts linked to savings and current accounts.added accounts linked to savings and current accounts.added accounts linked to savings and current accounts.added accounts linked to savings and current accounts.

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Key ratiosKey ratiosKey ratiosKey ratios(Per cent)(Per cent)(Per cent)(Per cent)

FYFYFYFY

2003200320032003 Q1Q1Q1Q1---- 2004200420042004

Return on assetsReturn on assetsReturn on assetsReturn on assets 1.21.21.21.2 1.21.21.21.2

Return on net worthReturn on net worthReturn on net worthReturn on net worth 18.318.318.318.3 19.219.219.219.2

EPS (Rs.)EPS (Rs.)EPS (Rs.)EPS (Rs.) 19.719.719.719.7 22.222.222.222.2

NIMNIMNIMNIM 1.41.41.41.4 1.71.71.71.7

Cost of depositsCost of depositsCost of depositsCost of deposits 6.86.86.86.8 6.06.06.06.0

Cost to income Cost to income Cost to income Cost to income 49.949.949.949.9 46.946.946.946.9

Book value per share (Rs.)Book value per share (Rs.)Book value per share (Rs.)Book value per share (Rs.) 113.1113.1113.1113.1 118.7118.7118.7118.7

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Capital adequacyCapital adequacyCapital adequacyCapital adequacy

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Rs. bnRs. bnRs. bnRs. bn %%%% Rs. bnRs. bnRs. bnRs. bn %%%%

Total capital Total capital Total capital Total capital 91.4691.4691.4691.46 11.1011.1011.1011.10 94.8594.8594.8594.85 11.1511.1511.1511.15

---- Tier I Tier I Tier I Tier I1111 58.0758.0758.0758.07 7.057.057.057.05 60.2760.2760.2760.27 7.097.097.097.09

---- Tier II Tier II Tier II Tier II 33.3933.3933.3933.39 4.054.054.054.05 34.5834.5834.5834.58 4.064.064.064.06 Total risk Total risk Total risk Total risk weighted assetsweighted assetsweighted assetsweighted assets 823.81823.81823.81823.81 850.53850.53850.53850.53

1.1.1.1. Deferred tax asset netted off as per RBI guidelines Rs. Deferred tax asset netted off as per RBI guidelines Rs. Deferred tax asset netted off as per RBI guidelines Rs. Deferred tax asset netted off as per RBI guidelines Rs. 5.035.035.035.03 bn at June 30, 2003 and Rs. 4.88 bn at March 31, bn at June 30, 2003 and Rs. 4.88 bn at March 31, bn at June 30, 2003 and Rs. 4.88 bn at March 31, bn at June 30, 2003 and Rs. 4.88 bn at March 31, 2003. This treatment had a negative impact of 59 basis 2003. This treatment had a negative impact of 59 basis 2003. This treatment had a negative impact of 59 basis 2003. This treatment had a negative impact of 59 basis points on Tierpoints on Tierpoints on Tierpoints on Tier----1 capital adequacy at June 30, 2003.1 capital adequacy at June 30, 2003.1 capital adequacy at June 30, 2003.1 capital adequacy at June 30, 2003.

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Consolidated profitsConsolidated profitsConsolidated profitsConsolidated profits

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FYFYFYFY 2003200320032003

Q1Q1Q1Q1----2003200320032003

Q4Q4Q4Q4----2003200320032003

Q1Q1Q1Q1---- 2004 2004 2004 2004

ICICI Bank standalone ICICI Bank standalone ICICI Bank standalone ICICI Bank standalone profitprofitprofitprofit 12.0612.0612.0612.06 2.532.532.532.53 3.383.383.383.38 3.403.403.403.40

Add:Add:Add:Add:

---- ICICI Securities ICICI Securities ICICI Securities ICICI Securities 1.081.081.081.08 0.180.180.180.18 0.320.320.320.32 0.630.630.630.63

---- ICICI Prudential Life ICICI Prudential Life ICICI Prudential Life ICICI Prudential Life (1.09)(1.09)(1.09)(1.09) (0.25)(0.25)(0.25)(0.25) (0.18)(0.18)(0.18)(0.18) (0.26)(0.26)(0.26)(0.26)

Less:Less:Less:Less: ---- Dividend and other Dividend and other Dividend and other Dividend and other adjustmentsadjustmentsadjustmentsadjustments 1.091.091.091.09 0.170.170.170.17 0.320.320.320.32 0.40.40.40.40000

Consolidated profitConsolidated profitConsolidated profitConsolidated profit 11.5211.5211.5211.52 2.332.332.332.33 3.373.373.373.37 3.373.373.373.37


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Performance of key subsidiaries Performance of key subsidiaries Performance of key subsidiaries Performance of key subsidiaries

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Profit after taxProfit after taxProfit after taxProfit after tax FY2003FY2003FY2003FY2003 Q1Q1Q1Q1----2003200320032003 Q4Q4Q4Q4----2003200320032003 Q1Q1Q1Q1----2004200420042004

ICICI SecuritiesICICI SecuritiesICICI SecuritiesICICI Securities1111 1,0821,0821,0821,082 177177177177 318318318318 627627627627 ICICI PrudentialICICI PrudentialICICI PrudentialICICI Prudential (1,471)(1,471)(1,471)(1,471) (335)(335)(335)(335) (234)(234)(234)(234) (351)(351)(351)(351) ICICI LombardICICI LombardICICI LombardICICI Lombard 33333333 (32)(32)(32)(32) 13131313 64646464

1.1.1.1. ConsolidatedConsolidatedConsolidatedConsolidated

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Asset quality and provisioningAsset quality and provisioningAsset quality and provisioningAsset quality and provisioning(Rs. in billion)(Rs. in billion)(Rs. in billion)(Rs. in billion)

March March March March 31, 200331, 200331, 200331, 2003

June 30, June 30, June 30, June 30, 2003200320032003

Gross NPAs 84.14 86.75 Less: cumulative writeLess: cumulative writeLess: cumulative writeLess: cumulative write----offsoffsoffsoffs 25.2625.2625.2625.26 25.5525.5525.5525.55 Less: cumulative provisionsLess: cumulative provisionsLess: cumulative provisionsLess: cumulative provisions 27.3727.3727.3727.37 29.2129.2129.2129.21 Net NPAs 31.51 31.99 Provision cover on NPAs 62.6% 63.1%

Net NPA ratio at 4.9%, based on 90Net NPA ratio at 4.9%, based on 90Net NPA ratio at 4.9%, based on 90Net NPA ratio at 4.9%, based on 90----day normday normday normday norm

Net restructured assets at Rs. 104.91 bnNet restructured assets at Rs. 104.91 bnNet restructured assets at Rs. 104.91 bnNet restructured assets at Rs. 104.91 bn5.5% provisioning coverage against performing 5.5% provisioning coverage against performing 5.5% provisioning coverage against performing 5.5% provisioning coverage against performing corporate portfoliocorporate portfoliocorporate portfoliocorporate portfolio

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Top 10 industryTop 10 industryTop 10 industryTop 10 industry----wise exposurewise exposurewise exposurewise exposure(% to total)(% to total)(% to total)(% to total)

IndustryIndustryIndustryIndustry March 31, March 31, March 31, March 31, 2003200320032003


Retail financeRetail financeRetail financeRetail finance 22.922.922.922.9 24.124.124.124.1 PowerPowerPowerPower 10.110.110.110.1 9.19.19.19.1 Iron & steelIron & steelIron & steelIron & steel 9.69.69.69.6 9.09.09.09.0 TelecomTelecomTelecomTelecom 5.25.25.25.2 6.76.76.76.7 TextilesTextilesTextilesTextiles 4.94.94.94.9 4.24.24.24.2 Other servicesOther servicesOther servicesOther services 8.58.58.58.5 4.24.24.24.2 EngineeringEngineeringEngineeringEngineering 3.53.53.53.5 3.83.83.83.8 Financial servicesFinancial servicesFinancial servicesFinancial services 3.73.73.73.7 3.73.73.73.7 Crude petroleum & refiningCrude petroleum & refiningCrude petroleum & refiningCrude petroleum & refining 5.45.45.45.4 3.13.13.13.1 PetrochemPetrochemPetrochemPetrochemicalsicalsicalsicals 2.62.62.62.6 2.62.62.62.6 Total exposure (Rs. bn)Total exposure (Rs. bn)Total exposure (Rs. bn)Total exposure (Rs. bn) 840.59840.59840.59840.59 936.30936.30936.30936.30

1)1)1)1) Exposure is net of writeExposure is net of writeExposure is net of writeExposure is net of write----offs and provisionsoffs and provisionsoffs and provisionsoffs and provisions

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Top 10 industryTop 10 industryTop 10 industryTop 10 industry----wise net NPLswise net NPLswise net NPLswise net NPLs(% to total)(% to total)(% to total)(% to total)

IndustryIndustryIndustryIndustry March March March March 31, 200331, 200331, 200331, 2003


TextilesTextilesTextilesTextiles 16.316.316.316.3 18.018.018.018.0 Iron & SteelIron & SteelIron & SteelIron & Steel 13.313.313.313.3 11.111.111.111.1 ChemicalsChemicalsChemicalsChemicals 8.78.78.78.7 9.29.29.29.2 ManManManMan----made fibresmade fibresmade fibresmade fibres 9.89.89.89.8 7.77.77.77.7 EngineeringEngineeringEngineeringEngineering 8.98.98.98.9 6.96.96.96.9 Metal & metal ProductsMetal & metal ProductsMetal & metal ProductsMetal & metal Products 6.96.96.96.9 6.26.26.26.2 ServicesServicesServicesServices 4.84.84.84.8 4.24.24.24.2 Paper & paper productsPaper & paper productsPaper & paper productsPaper & paper products 3.03.03.03.0 3.03.03.03.0 FoodFoodFoodFood----processingprocessingprocessingprocessing 3.23.23.23.2 2.82.82.82.8 PPPPetrochemicalsetrochemicalsetrochemicalsetrochemicals 2.72.72.72.7 2.42.42.42.4

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26.1%26.1%26.1%26.1%

39.8%39.8%39.8%39.8%

18.7%18.7%18.7%18.7%

8.9%8.9%8.9%8.9%4.9%4.9%4.9%4.9% 1.6%1.6%1.6%1.6%

ADRADRADRADR

FIIs & NRIsFIIs & NRIsFIIs & NRIsFIIs & NRIs

Banks, FIs & UTIBanks, FIs & UTIBanks, FIs & UTIBanks, FIs & UTI

Resident IndiansResident IndiansResident IndiansResident Indians

Bodies CorporateBodies CorporateBodies CorporateBodies Corporate

Other Mutual FundsOther Mutual FundsOther Mutual FundsOther Mutual Funds

Shareholding patternShareholding patternShareholding patternShareholding pattern

PaidPaidPaidPaid----up capital Rs. 6.13 billionup capital Rs. 6.13 billionup capital Rs. 6.13 billionup capital Rs. 6.13 billion

June 30, 2003

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Thank youThank youThank youThank you

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Interest incomeInterest incomeInterest incomeInterest income

Rs. bnRs. bnRs. bnRs. bnIC

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2003 2003 2003 2003 Q1Q1Q1Q1----

2003200320032003 Q4Q4Q4Q4---- 2003200320032003

Q1Q1Q1Q1---- 2004 2004 2004 2004

AdvancesAdvancesAdvancesAdvances 60.1660.1660.1660.16 14.6814.6814.6814.68 15.6015.6015.6015.60 15.6915.6915.6915.69

InvestmentsInvestmentsInvestmentsInvestments 28.5728.5728.5728.571111 8.068.068.068.06 6.586.586.586.581111 6.016.016.016.01

Balances with RBI, banks Balances with RBI, banks Balances with RBI, banks Balances with RBI, banks and others and others and others and others 4.42 4.42 4.42 4.42 1.221.221.221.22 1.631.631.631.63 0.860.860.860.86

Total interest incomeTotal interest incomeTotal interest incomeTotal interest income 93.1593.1593.1593.15 23.9623.9623.9623.96 23.8123.8123.8123.81 22.5622.5622.5622.56


Interest income is net ofInterest income is net ofInterest income is net ofInterest income is net ofHTM premium HTM premium HTM premium HTM premium amortisationamortisationamortisationamortisation of Rs. 0.35 bn (Q1of Rs. 0.35 bn (Q1of Rs. 0.35 bn (Q1of Rs. 0.35 bn (Q1----2003: 2003: 2003: 2003: Rs. 0.09 bn; Q4Rs. 0.09 bn; Q4Rs. 0.09 bn; Q4Rs. 0.09 bn; Q4----2003: Rs. 0.45 bn; FY2003: Rs. 1.35 2003: Rs. 0.45 bn; FY2003: Rs. 1.35 2003: Rs. 0.45 bn; FY2003: Rs. 1.35 2003: Rs. 0.45 bn; FY2003: Rs. 1.35 bn) bn) bn) bn) Auto loan DMA commission of Rs. 0.59 bn (Q1Auto loan DMA commission of Rs. 0.59 bn (Q1Auto loan DMA commission of Rs. 0.59 bn (Q1Auto loan DMA commission of Rs. 0.59 bn (Q1----2003: 2003: 2003: 2003: Rs. 0.28 bn; Q4Rs. 0.28 bn; Q4Rs. 0.28 bn; Q4Rs. 0.28 bn; Q4----2003: Rs. 0.54 bn; FY2003: Rs. 1.57 2003: Rs. 0.54 bn; FY2003: Rs. 1.57 2003: Rs. 0.54 bn; FY2003: Rs. 1.57 2003: Rs. 0.54 bn; FY2003: Rs. 1.57 bn) bn) bn) bn)

1.1.1.1. Excludes dividend on mutual fund Rs. 0.53 bnExcludes dividend on mutual fund Rs. 0.53 bnExcludes dividend on mutual fund Rs. 0.53 bnExcludes dividend on mutual fund Rs. 0.53 bn

20

Interest expenseInterest expenseInterest expenseInterest expense

Rs. bnRs. bnRs. bnRs. bnIC

ICI B

ank

ICIC

I Ban

k IC

ICI B

ank

ICIC

I Ban

k FYFYFYFY

2003200320032003 Q1Q1Q1Q1---- 2003200320032003

Q4 Q4 Q4 Q4 ––––2003200320032003

Q1Q1Q1Q1---- 2004200420042004

DepositsDepositsDepositsDeposits 24.8024.8024.8024.80 5.975.975.975.97 6.676.676.676.67 7.277.277.277.27 RBI / interRBI / interRBI / interRBI / inter----bank bank bank bank borrowingsborrowingsborrowingsborrowings 1.831.831.831.83 0.470.470.470.47 0.590.590.590.59 0.870.870.870.87 Bonds, ICICI Bonds, ICICI Bonds, ICICI Bonds, ICICI borrowings & borrowings & borrowings & borrowings & others others others others 52.8152.8152.8152.81 14.1614.1614.1614.16 12.7012.7012.7012.70 10.2610.2610.2610.26 Total interest Total interest Total interest Total interest expenseexpenseexpenseexpense 79.4479.4479.4479.44 20.6020.6020.6020.60 19.9619.9619.9619.96 18.4018.4018.4018.40


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ICIC

I Ban

k IC

ICI B

ank

ICIC

I Ban

k IC

ICI B

ank

Operating expensesOperating expensesOperating expensesOperating expenses(Rs. in billion)(Rs. in billion)(Rs. in billion)(Rs. in billion)

FY FY FY FY 2003200320032003

Q1Q1Q1Q1----2003200320032003

Q4Q4Q4Q4----2003200320032003

Q1 Q1 Q1 Q1 ----2004200420042004

SalarySalarySalarySalary 4.034.034.034.03 0.890.890.890.89 1.191.191.191.19 1.191.191.191.19

Rents, taxes & lightingRents, taxes & lightingRents, taxes & lightingRents, taxes & lighting 1.121.121.121.12 0.280.280.280.28 0.270.270.270.27 0.350.350.350.35

Printing & stationeryPrinting & stationeryPrinting & stationeryPrinting & stationery 0.750.750.750.75 0.130.130.130.13 0.220.220.220.22 0.210.210.210.21 Postage & courierPostage & courierPostage & courierPostage & courier 1.041.041.041.04 0.230.230.230.23 0.360.360.360.36 0.320.320.320.32

Repairs & maintenanceRepairs & maintenanceRepairs & maintenanceRepairs & maintenance 1.451.451.451.45 0.400.400.400.40 0.360.360.360.36 0.450.450.450.45

InsuranceInsuranceInsuranceInsurance 0.250.250.250.25 0.050.050.050.05 0.00.00.00.08888 0.090.090.090.09

Bank chargesBank chargesBank chargesBank charges 0.230.230.230.23 0.050.050.050.05 0.070.070.070.07 0.070.070.070.07

DepreciationDepreciationDepreciationDepreciation 1.911.911.911.91 0.420.420.420.42 0.560.560.560.56 0.590.590.590.59 OthersOthersOthersOthers 4.574.574.574.57 1.061.061.061.06 1.191.191.191.19 1.361.361.361.36

Operating expensesOperating expensesOperating expensesOperating expenses 15.3515.3515.3515.35 3.513.513.513.51 4.304.304.304.30 4.634.634.634.63

Performance Review: Q1Q1---20042004 - ICICI Bank · 4 Profit & loss statement FYFY 2003 2003...

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