Private sector lender ICICI Bank Saturday reported a 37 per cent bounce in its standalone web revenue at Rs 7,558 crore within the quarter ended September 2022 as in opposition to Rs 5,511 crore within the year-ago interval.
On a consolidated foundation, the lender’s web revenue elevated by 31 per cent year-on-year to Rs 8,007 crore from Rs 6,092 crore within the second quarter of FY2022.
Net curiosity earnings (NII), the distinction between curiosity earned and curiosity paid, grew by 26 per cent to Rs 14,787 crore as in opposition to Rs 11,690 crore.
Its web curiosity margin (NIM) improved to 4.31 per cent from 4 per cent.
Non-interest earnings, excluding treasury earnings, rose 17 per cent to Rs 5,139 crore. Fee earnings witnessed a progress of 18 per cent year-on-year to Rs 4,480 crore.
The financial institution booked a treasury lack of Rs 85 crore within the September 2022 quarter in comparison with a achieve of Rs 397 crore in the identical interval of the earlier fiscal.
The gross non-performing asset (NPA) ratio declined to three.19 per cent from 4.82 per cent. Net NPA ratio lowered to 0.61 per cent from 0.99 per cent. During the quarter, there have been web additions of Rs 605 crore to gross NPAs.
Recoveries and upgrades of NPAs, excluding write-offs and sale, stood at Rs 3,761 crore. The lender wrote-off gross NPAs value Rs 1,103 crore.
The provisioning protection ratio on NPAs was 80.6 per cent at September 30, 2022. The financial institution held contingency provisions of Rs 10,000 crore as at September 30, 2022.
On a standalone foundation, whole capital adequacy ratio stood at 18.27 per cent and tier-1 capital adequacy ratio was 17.51 per cent as at September 30, 2022.
Total advances elevated by 23 per cent year-on-year to Rs 938,563 crore.
The retail mortgage portfolio grew by 25 per cent year-on-year, and comprised 54 per cent of the overall mortgage portfolio at September 30, 2022. The financial institution’s enterprise banking portfolio grew by 43 per cent year-on-year.
Its home company portfolio elevated by 23 per cent year-on-year.
Total deposits rose 12 per cent year-on-year to Rs 1,090,008 crore. Average present account and financial savings account deposits witnessed a progress of 16 per cent.
In a separate submitting to exchanges, the financial institution stated the board has accepted the re-appointed of its managing director and CEO Sandeep Bakhshi for 3 years from October 4, 2023 to October 3, 2026. The present tenure of Bakhshi is upto October 3, 2023.
