ICICI Bank Ltd has posted a net profit of Rs. 17281.00 mn for the quarter ended December 31, 2011 as compared to Rs. 14370.20 mn for the quarter ended December 31, 2010.
Total Income has increased from Rs. 84447.50 mn for the quarter ended December 31, 2010 to Rs. 104837.30 million for the quarter ended December 31, 2011.
For the Consolidated period for the Quarter ended December 31, 2011, the Bank has posted a net profit of Rs. 21742.20 mn for the quarter ended December 31, 2011 as compared to Rs. 20394.00 mn for the quarter ended December 31, 2010.
Total Income has increased from Rs. 154158.50 mn for the quarter ended December 31, 2010 to Rs. 164973.50 million for the quarter ended December 31, 2011.
The NII was stood at Rs27.12bn, a growth of 17%.
The provisions for the quarter was Rs3.41bn as compared to Rs4.64bn for the corresponding quarter.
The Gross NPA was stood at 3.82% as compared to 4.14% for the corresponding quarter.
Advances increased 19% to Rs 2461.57bn Deposits increased 20% to Rs 2605.89bn (Rs 2,17,747 crore).
The share of low-cost CASA (current account savings account) deposits increased to 43.6% from 42% as on September 30, 2011.
Operating review
The Bank has continued with its strategy of pursuing profitable growth. In this direction, the Bank continues to leverage its strong corporate franchise, its international presence and its expanded branch network in India. At December 31, 2011, the Bank had 2,552 branches, the largest branch network among private sector banks in the country.
Credit growth
Advances increased by 19% year-on-year to Rs246,157 crore (US$ 46.3 billion) at December 31, 2011 from Rs206,692 crore (US$ 38.9 billion) at December 31, 2010.
Capital adequacy
The Bank’s capital adequacy at December 31, 2011 as per Reserve Bank of India’s guidelines on Basel II norms was 18.88% and Tier-1 capital adequacy was 13.13%, well above RBI’s requirement of total capital adequacy of 9.0% and Tier-1 capital adequacy of 6.0%.