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ICICI Bank Performance Review: Quarter ended March 31, 2016
16% year-on-year growth in domestic advances; retail completed the sale of 9.0% shareholding in ICICI
portfolio crossed Rs. 2,00,000 crore (US$ 30.2 billion) Lombard General Insurance Company (ICICI General) and
during the quarter ended March 31, 2016 (Q4-2016) and 2.0% shareholding in ICICI Prudential Life Insurance
grew by 23% year-on-year Company (ICICI Life). The aggregate profit from both the
17% year-on-year growth in current and savings account transactions was Rs.2,131 crore (US$ 322 million).
(CASA) deposits; CASA ratio at 45.8% at March 31, 2016 The cost-to-income ratio was 32.4% in Q4-2016
compared to 36.2% in Q4-2015.
The Bank has made a collective contingency and related
reserve of Rs. 3,600 crore (US$ 543 million) during Q4- Provisions, excluding collective contingency and related
reserve, were at Rs.3,326 crore (US$ 502 million) in Q4-
2016, over and above provisions made for non- 2016 compared to Rs.2,844 crore (US$ 429 million) in
performing and restructured loans as per Reserve Bank
Q3-2016 and Rs.1,345 crore (US$ 203 million) in Q4-
of India guidelines 2015.
Standalone profit before collective contingency and Standalone profit before collective contingency and
related reserve and tax was Rs.15,796 crore (US$ 2.4 related reserve and tax was Rs.3,782 crore (US$ 571
billion) for the year ended March 31, 2016 (FY2016) million) in Q4-2016 compared to Rs.4,124 crore (US$ 622
compared to Rs.15,820 crore (US$ 2.4 billion) for the million) in Q4-2015.
year ended March 31, 2015 (FY2015)
Standalone profit before collective contingency and The weak global economic environment, the sharp
related reserve and tax was Rs.3,782 crore (US$ 571 downturn in the commodity cycle and the gradual
million) for Q4-2016 nature of the domestic economic recovery has adversely
impacted the borrowers in certain sectors like iron and
Standalone profit after collective contingency and related steel, mining, power, rigs and cement. While the banks
reserve and tax was Rs.702 crore (US$ 106 million) in are working towards resolution of stress on certain
Q4-2016 and Rs.9,726 crore (US$ 1.5 billion) in FY2016 borrowers in these sectors, it may take some time for
solutions to be worked out, given the weak operating
Total capital adequacy of 16.64% and Tier-1 capital and recovery environment. In view of the above, the
adequacy of 13.09% on standalone basis at March 31, Bank has on a prudent basis made a collective
2016, significantly higher than regulatory requirements contingency and related reserve of Rs.3,600 crore (US$
Dividend of Rs. 5 per share proposed 543 million) during Q4-2016 towards exposures to these
sectors. This is over and above provisions made for non-
The Board of Directors of ICICI Bank Limited (NYSE: IBN) at performing and restructured loans as per Reserve Bank
its meeting held at Mumbai , approved the audited accounts of India (RBI) guidelines.
of the Bank for the quarter ended March 31, 2016. Standalone profit after tax was Rs.702 crore (US$ 106
Profit & loss account million) for Q4-2016 compared to Rs.2,922 crore (US$
441 million) for Q4-2015.
Net interest income increased by 6% to Rs.5,404 crore
(US$ 816 million) in the quarter ended March 31, 2016 Standalone profit after tax was Rs.9,726 crore (US$ 1.5
(Q4-2016) from Rs.5,079 crore (US$ 767 million) in the billion) for the year ended March 31, 2016 (FY2016)
quarter ended March 31, 2015 (Q4-2015) compared to Rs.11,175 crore (US$ 1.7 billion) for the
Non-interest income increased by 46% to Rs.5,109 crore year ended ended March 31, 2015 (FY2015).
(US$ 771 million) in Q4-2016 from Rs.3,496 crore (US$ Consolidated profit after tax was Rs.10,180 crore (US$
528 million) in Q4-2015. During the fourth quarter, 1.5 billion) in FY2016 compared to Rs.12,247 crore (US$
following the receipt of requisite approvals, the Bank 1.8 billion) in FY2015.
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