{"id":128597,"date":"2022-04-26T09:38:58","date_gmt":"2022-04-26T13:38:58","guid":{"rendered":"https:\/\/44.250.171.167\/?p=128597"},"modified":"2022-10-05T06:33:29","modified_gmt":"2022-10-05T10:33:29","slug":"icici-bank-ltd-q4-fy22-earnings-conference-call-insights","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/icici-bank-ltd-q4-fy22-earnings-conference-call-insights\/","title":{"rendered":"ICICI Bank Ltd Q4 FY22 Earnings Conference Call Insights"},"content":{"rendered":"<p><span class=\"embed-youtube\" style=\"text-align:center; display: block;\"><iframe loading=\"lazy\" class=\"youtube-player\" width=\"640\" height=\"360\" src=\"https:\/\/www.youtube.com\/embed\/4Z63sk_3bzY?version=3&#038;rel=1&#038;showsearch=0&#038;showinfo=1&#038;iv_load_policy=1&#038;fs=1&#038;hl=en-US&#038;autohide=2&#038;wmode=transparent\" allowfullscreen=\"true\" style=\"border:0;\" sandbox=\"allow-scripts allow-same-origin allow-popups allow-presentation allow-popups-to-escape-sandbox\"><\/iframe><\/span><\/p>\n<p><strong>Key highlights from ICICI Bank Ltd (<a href=\"https:\/\/44.250.171.167\/symbol\/ICICIBANK\/\">ICICIBANK<\/a>) Q4 FY22 Earnings Concall<\/strong><\/p>\n<p><strong>Management Update:<\/strong><\/p>\n<ul>\n<li>ICICIBANK said its employee expenses increased by 21% YonY. And the bank had about 105,800 employees at March 31. The employee count increased by about 7,000 in the last 12 months.<\/li>\n<\/ul>\n<p><strong>Q&amp;A Highlights:<\/strong><\/p>\n<ul>\n<li>Mahrukh Adajania from Edelweiss asked about margin outlook and if repo rates hike will benefit margin. Rakesh Jha CFO replied that it\u2019s difficult to give an outlook. However, the target would be to try and see how the margins can be maintained. But it will be a function of what is happening in the market.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Mahrukh Adajania of Edelweiss also asked if the banks Amazon Pay ICICI Bank card are fully compliant with RBI\u2019s new master directions. Anup Bagchi ED said that at the first reading, ICICIBANK will be quite unaffected by these RBI guidelines.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Mona Khetan with Dolat Capital enquired about the incremental yields on the bank\u2019s SME and business banking book. Rakesh Jha CFO said the bank doesn\u2019t separately disclose yields by the portfolio segments. The bank added that it has been seeing strong growth in this portfolio for the last few years.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Mona Khetan from Dolat Capital asked about the revolve rates in the credit card book versus the pre-COVID levels. Rakesh Jha CFO replied that bank doesn\u2019t disclose that separately. But it would be somewhat lower than where ICICIBANK was pre-COVID.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Manish Ostwal of Nirmal Bang asked about the FY23 loan growth outlook. Rakesh Jha CFO answered that the bank doesn\u2019t have any specific loan growth target or outlook. The bank\u2019s focus is entirely on growing the risk-calibrated core operating profit. So ICICIBANK will grow in line with the market opportunities which are there.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Nitin Aggarwal with Motilal Oswal asked about provisioning expenses. Rakesh Jha CFO answered that the bank would always want its provisions as a percentage of core operating profit not to exceed 25% through a cycle. So there\u2019s no specific guidance the bank can give.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Nitin Aggarwal from Motilal Oswal enquired about the growth opportunities in the wholesale business. Rakesh Jha CFO replied that on the wholesale banking opportunities, the good thing is that the bank gets to look at pretty much all the deals that are happening in the market. And wherever it is, franchise business, which is adding to its overall core operating profit, ICICIBANK is happy to do that business.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Sameer Bhise from JM Financial asked about the duration on the AFS portfolio. Rakesh Jha CFO said that the bank doesn\u2019t share the duration separately. But overall the approach has never been to take high duration into the AFS portfolio, even if there is some strong view on interest rates going down.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Sameer Bhise of JM Financial queried about the credit card spend levels, if it\u2019s driven by higher spend levels or new acquisition spend. Anup Bagchi ED said the bank is seeing spends slowly increasing. ICICBANK is seeing now spends coming up, and revolve also slowly moving up, and that will make all other downstream things, revolve and fees and all of it, start to look healthier.<\/li>\n<\/ul>\n<p>\u00a0<\/p>\n<ul>\n<li>Anand Dama from Emkay Global asked about acceleration in the branch expansion finally because of the competitor going crazy. Rakesh Jha CFO replied that that may not be the only factor. As long as the bank is seeing opportunity in the micro market to grow, ICICBANK will be happy to add branches.<\/li>\n<\/ul>\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"1428\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/ICICI-BankQ422.jpg\" alt=\"\" class=\"wp-image-128592\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/ICICI-BankQ422.jpg 1280w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/ICICI-BankQ422-269x300.jpg 269w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/ICICI-BankQ422-918x1024.jpg 918w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/ICICI-BankQ422-768x857.jpg 768w\" sizes=\"auto, (max-width: 1280px) 100vw, 1280px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Key highlights from ICICI Bank Ltd (ICICIBANK) Q4 FY22 Earnings Concall Management Update: ICICIBANK said its employee expenses increased by 21% YonY. And the bank had about 105,800 employees at March 31. The employee count increased by about 7,000 in the last 12 months. Q&amp;A Highlights: Mahrukh Adajania from Edelweiss asked about margin outlook and [&hellip;]<\/p>\n","protected":false},"author":1767,"featured_media":128592,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9825,392,1],"tags":[151,1792],"class_list":["post-128597","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-earnings-call-highlights","category-earnings","category-finance-stocks","tag-banking","tag-financial-services"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/04\/ICICI-BankQ422.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":131600,"url":"https:\/\/alphastreet.com\/india\/icici-bank-limited-q1-fy23-earnings-conference-call-insights\/","url_meta":{"origin":128597,"position":0},"title":"ICICI Bank Limited Q1 FY23 Earnings Conference Call Insights","author":"Praveen","date":"July 25, 2022","format":false,"excerpt":"https:\/\/youtu.be\/R5WvpsGCwCE Key highlights from ICICI Bank Limited (ICICIBANK) Q1 FY23 Earnings Concall Management Update: ICICIBANK said employee expenses increased by 20% YonY, while non-employee expenses increased by 28.8% YonY in 1Q23, mainly due to retail business and technology related expenses. Q&A Highlights: Mahrukh Adajania with Edelweiss asked about the reason\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":126612,"url":"https:\/\/alphastreet.com\/india\/icici-bank-ltd-q3-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128597,"position":1},"title":"ICICI Bank Ltd Q3 FY22 Earnings Conference Call Insights","author":"Praveen","date":"January 24, 2022","format":false,"excerpt":"https:\/\/www.youtube.com\/watch?v=XRoZUbhiL8s Key highlights from ICICI Bank Ltd (ICICIBANK) Q3 FY22 Earnings Concall Management Update: ICICIBANK said that it aims to steadily grow the business within its strategic framework and strengthen its franchise delivery and servicing capabilities, backed by a range of digital initiatives. The bank had about 102,000 employees at\u2026","rel":"","context":"In &quot;Concall Highlights&quot;","block_context":{"text":"Concall Highlights","link":"https:\/\/alphastreet.com\/india\/category\/earnings-call-highlights\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":128869,"url":"https:\/\/alphastreet.com\/india\/kotak-mahindra-bank-ltd-q4-fy22-earnings-conference-call-insights\/","url_meta":{"origin":128597,"position":2},"title":"Kotak Mahindra Bank Ltd Q4 FY22 Earnings Conference Call Insights","author":"Praveen","date":"May 5, 2022","format":false,"excerpt":"https:\/\/youtu.be\/hbks-LEQ254 Key highlights from Kotak Mahindra Bank Ltd (KOTAKBANK) Q4 FY22 Earnings Concall Management Update: KOTAKBANK said that the bank is now seeing a sharp drop in the slippage ratio in terms of the new bad loans. 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