ICICI Bank Limited is an Indian multinational bank. The bank is headquartered in Vadodara, Gujrat. The bank offers a wide range of banking products and financial services for corporate and retail customers. It was incorporated on 5th January 1994.The bank has made its presence in 17 countries. The stocks are traded on BSE, NSE and NYSE.
Key Financial Highlights
| Rs in crore | Q4-2022 | Q4-2021 |
| Net interest income | 12,605 | 10,431 |
| Operating profit | 10,293 | 8,540 |
| Profit before tax | 9,224 | 5,657 |
| Profit after tax | 7,019 | 4,403 |
Standalone Highlights
Operating profit increased by 19% year-on-year to ₹ 10,164 crore (US$ 1.3 billion). Profit after tax shows an improvement by 59% year-on-year to ` 7,019 crore (US$ 926 million). The Net interest shows an improvement of 21% year-on-year to ` 12,605 crore (US$ 1.7 billion) in Q4-2022 from ` 10,431 crore (US$ 1.4 billion). The The net interest margin has improved to 4.00% in Q4-2022 from 3.84% in Q4 -2021.
Consolidated Highlights
The operating profit increased by 22% year-on-year to ₹ 38,347 crore (US$ 5.1 billion) for FY2022. Profit after tax improved by 44% year-on-year to ₹ 23,339 crore (US$ 3.1 billion) in FY2022. The total deposits improved by 14% year-on-year to ` 10,64,572 crore (US$ 140.5 billion) on March 31, 2022.
Loan
The retail loan portfolio grew by 19.7% year-on-year and 6% sequentially. The automobile loan sector shows an improvement of 11.3%. The personal loan and credit card portfolio improved by 31.9% year-on-year. The retail loan shows an improvement by 19.7% year-on-year and 6% sequentially.
Management Updates
Decline in Net NPA to0.76% in March 31, 2022 from 0.85% in the last quarter.
The Total capital adequacy ratio has improved to 19.16%.
The company has declared a dividend of 5 per share in line with applicable guidelines.
Total number of employees is 105,800 as on March 31, 2022.
Credit card spends increased by 77% year-on-year in Q4, due to higher activation rate through digital onboarding of customers.
Business Updates
The company has entered into collaboration with Emirates Skywards, to launch a co-branded credit cards to enable customers to earn reward points on travel.
ICICI Bank has introduced an online payment of customs duty through its website.
ICICI Bank decides to launch co-branded credit card in partnership with Chennai Super king.