ICICI Bank Announces Performance Review – Quarter Ended September 30, 2012

  • 30% year-on-year increase in standalone profit after tax to Rs 1,956 crore (US$ 370 million) for the quarter ended September 30, 2012 (Q2-2013) from Rs 1,503 crore (US$ 284 million) for the quarter ended September 30, 2011 (Q2-2012)
  • Consolidated return on equity (annualised) of 14.8% in Q2-2013
  • Net interest margin maintained at 3.00% for the third consecutive quarter
  • 18% year-on-year increase in advances to Rs 275,076 crore (US$ 52.0 billion) at September 30, 2012
  • Net non-performing asset ratio at 0.66% at September 30, 2012 compared to 0.80% at September 30, 2011
  • 20% year-on-year increase in consolidated profit after tax to Rs 2,390 crore (US$ 452 million) for Q2-2013 from Rs 1,992 crore (US$ 377 million) for Q2-2012
  • Strong capital adequacy ratio of 18.28% and Tier-1 capital adequacy of 12.83%

MUMBAI, India--()--The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting held at Mumbai today, approved the audited accounts of the Bank for the quarter ended September 30, 2012.

Profit & loss account

  • Standalone profit before tax increased 32% to Rs 2,685 crore (US$ 508 million) for the quarter ended September 30, 2012 (Q2-2013) from Rs 2,035 crore (US$ 385 million) for the quarter ended September 30, 2011 (Q2-2012).
  • Standalone profit after tax increased 30% to Rs 1,956 crore (US$ 370 million) for Q2-2013 from Rs 1,503 crore (US$ 284 million) for Q2-2012.
  • Net interest income increased 35% to Rs 3,371 crore (US$ 638 million) in Q2-2013 from Rs 2,506 crore (US$ 474 million) in Q2-2012.
  • Net interest margin improved to 3.00% for Q2-2013 from 2.61% for Q2-2012.
  • Non-interest income increased by 17% to Rs 2,043 crore (US$ 387 million) in Q2-2013 from Rs 1,740 crore (US$ 329 million) in Q2-2012.
  • Cost-to-income ratio reduced to 40.9% in Q2-2013 from 44.4% in Q2-2012.
  • Provisions were at Rs 508 crore (US$ 96 million) in Q2-2013 compared to Rs 319 crore (US$ 60 million) in Q2-2012 and Rs 466 crore (US$ 88 million) in Q1-2013.
  • Return on average assets (annualised) was 1.59% in Q2-2013 compared to 1.41% in Q2-2012.

Operating review

The Bank has continued with its strategy of pursuing profitable growth. The Bank has grown its retail lending volumes, resulting in an improvement in retail loan portfolio growth. The Bank continued to leverage its strong corporate franchise, its international presence and its branch network in India. At September 30, 2012, the Bank had 2,772 branches, the largest branch network among private sector banks in the country. The Bank has also increased its ATM network to 10,006 ATMs at September 30, 2012 as compared to 6,913 at September 30, 2011.

Credit growth

Advances increased by 18% year-on-year to Rs 275,076 crore (US$ 52.0 billion) at September 30, 2012 from Rs 233,952 crore (US$ 44.3 billion) at September 30, 2011. The year-on-year growth in retail advances was 14.0% at September 30, 2012 compared to a year-on-year growth of 10.3% at June 30, 2012.

Deposit growth

At September 30, 2012, savings account deposits increased by 15% year-on-year to Rs 80,618 crore (US$ 15.3 billion). Current account deposits were Rs 33,800 crore (US$ 6.4 billion) at September 30, 2012. The CASA ratio was at 40.7% at September 30, 2012. The average CASA ratio was at 37.5% for Q2-2013.

Capital adequacy

The Bank’s capital adequacy at September 30, 2012 as per Reserve Bank of India’s guidelines on Basel II norms was 18.28% and Tier-1 capital adequacy was 12.83%, well above RBI’s requirement of total capital adequacy of 9.0% and Tier-1 capital adequacy of 6.0%.

Asset quality

Net non-performing assets at September 30, 2012 were Rs 2,138 crore (US$ 405 million) compared to Rs 1,941 crore (US$ 367 million) at June 30, 2012 and Rs 2,236 crore (US$ 423 million) at September 30, 2011. The Bank’s net non-performing asset ratio was 0.66% at September 30, 2012 compared to 0.61% at June 30, 2012 and 0.80% at September 30, 2011. The Bank’s provision coverage ratio computed in accordance with the RBI guidelines was 78.7% at September 30, 2012. Net restructured assets at September 30, 2012 were Rs 4,158 crore (US$ 787 million) compared to Rs 4,172 crore (US$ 789 million) at June 30, 2012.

Consolidated profits

Consolidated profit after tax increased 20% to Rs 2,390 crore (US$ 452 million) for Q2-2013 from Rs 1,992 crore (US$ 377 million) for Q2-2012. The consolidated return on equity (annualised) improved from 13.7% in Q2-2012 to 14.8% in Q2-2013.

Insurance subsidiaries

ICICI Prudential Life Insurance Company (ICICI Life) was the largest private sector life insurer based on new business retail weighted received premium during April-August 2012. ICICI Life’s profit after tax for Q2-2013 was Rs 396 crore (US$ 75 million) compared to Rs 350 crore (US$ 66 million) for Q2-2012. ICICI Life’s annualised premium equivalent (APE) increased by 14% to Rs 1,351 crore (US$ 256 million) in H1-2013 from Rs 1,180 crore (US$ 223 million) in H1-2012. The assets under management at September 30, 2012 were Rs 73,521 crore (US$ 13.9 billion).

ICICI Lombard General Insurance Company (ICICI General) maintained its leadership in the private sector during Q2-2013. The gross premium income of ICICI General increased by 16% to Rs 1,517 crore (US$ 287 million) in Q2-2013 from Rs 1,306 crore (US$ 247 million) in Q2-2012. ICICI General’s profit after tax for Q2-2013 was Rs 101 crore (US$ 19 million) compared to Rs 56 crore (US$ 11 million) for Q2-2012.

Summary Profit and Loss Statement (as per unconsolidated Indian GAAP accounts)
Rs crore
 
      FY2012   Q1-2012   Q2-2012   H1-2012   Q1-2013   Q2-2013   H1-2013
Net interest income     10,734     2,411     2,506     4,917     3,193     3,371   6,564
Non-interest income     7,502     1,643     1,740     3,383     1,880     2,043   3,923
- Fee income     6,707     1,578     1,700     3,278     1,647     1,709   3,356
- Lease and other income     808     90     120     210     254     162   416
- Treasury income     (13 )   (25 )   (80 )   (105 )   (21 )   172   151
Less:                              
Operating expense1     7,850     1,820     1,892     3,712     2,124     2,221   4,344
Operating profit     10,386     2,234     2,354     4,588     2,949     3,193   6,143
Less: Provisions     1,583     454     319     773     466     508   974
Profit before tax     8,803     1,780     2,035     3,815     2,483     2,685   5,169
Less: Tax     2,338     448     532     980     668     729   1,398
Profit after tax     6,465     1,332     1,503     2,835     1,815     1,956   3,771
  1. Includes commissions paid to direct marketing agents (DMAs) for origination of retail loans and lease depreciation.
  2. Prior period figures have been regrouped/re-arranged where necessary.
Summary Balance Sheet
Rs crore
 
      At

September 30,
2011

   

March 31,
2012

   

June 30,
2012

   

September 30,
2012

    (Audited)     (Audited)     (Audited)     (Audited)
Capital and Liabilities                        
Capital     1,153     1,153     1,153     1,153
Employee stock options outstanding     1     2     3     3
Reserves and surplus     57,448     59,250     61,868     63,306
Deposits     245,092     255,500     267,794     281,438
Borrowings (includes subordinated debt)1     121,324     140,165     137,207     135,390
Other liabilities     15,707     17,577     15,469     15,765
Total Capital and Liabilities     440,725     473,647     483,494     497,055
                         
Assets                        
Cash and balances with Reserve Bank of India     23,302     20,461     17,951     21,175
Balances with banks and money at call and short notice     12,877     15,768     18,325     21,247
Investments     147,685     159,560     155,132     157,914
Advances     233,952     253,728     268,430     275,076
Fixed assets     4,696     4,615     4,668     4,621
Other assets     18,213     19,515     18,988     17,022
Total Assets     440,725     473,647     483,494     497,055
  1. Borrowings include preference share capital of Rs 350 crore.

All financial and other information in this press release, other than financial and other information for specific subsidiaries where specifically mentioned, is on an unconsolidated basis for ICICI Bank Limited only unless specifically stated to be on a consolidated basis for ICICI Bank Limited and its subsidiaries. Please also refer to the statement of audited unconsolidated, consolidated and segmental results required by Indian regulations that has, along with this release, been filed with the stock exchanges in India where ICICI Bank’s equity shares are listed and with the New York Stock Exchange and the US Securities Exchange Commission, and is available on our website www.icicibank.com.

Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will,' ‘expected to,’ etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements.' These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in demand for banking and other financial products and services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology, our rural expansion, our exploration of merger and acquisition opportunities, our ability to integrate recent or future mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our ability to manage the increased complexity of the risks we face following our rapid international growth, future levels of impaired loans, our growth and expansion in domestic and overseas markets, the adequacy of our allowance for credit and investment losses, technological changes, investment income, our ability to market new products, cash flow projections, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in banking regulations and other regulatory changes in India and other jurisdictions on us, the bond and loan market conditions and availability of liquidity amongst the investor community in these markets, the nature or level of credit spreads, interest spreads from time to time, including the possibility of increasing credit spreads or interest rates, our ability to roll over our short-term funding sources and our exposure to credit, market and liquidity risks as well as other risks that are detailed in the reports filed by us with the United States Securities and Exchange Commission. ICICI Bank undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.

This release does not constitute an offer of securities.

For further press queries please call Sujit Ganguli at 91-22-2653 8525 or email ganguli.sujit@icicibank.com.

For investor queries please call Rakesh Mookim at 91-22-2653 6114 or email ir@icicibank.com.

1 crore = 10.0 million
US$ amounts represent convenience translations at US$1= Rs 52.86

UNCONSOLIDATED FINANCIAL RESULTS
(Rs in crore)
 

Sr.
No.

 

Particulars

  Three months ended   Six months ended   Year ended

September 30,
2012

 

June 30,
2012

 

September 30,
2011

 

September 30,
2012

 

September 30,
2011

 

March 31,
2012

    (Audited)   (Audited)   (Unaudited)   (Audited)   (Audited)   (Audited)

1.

  Interest earned (a)+(b)+(c)+(d)   10,026.33     9,545.65     8,157.62     19,571.98     15,776.14     33,542.65  
  a) Interest/discount on advances/bills   6,848.79     6,455.83     5,380.74     13,304.62     10,315.87     22,129.89  
  b) Income on investments   2,744.54     2,701.91     2,344.98     5,446.45     4,596.01     9,684.02  
  c) Interest on balances with Reserve Bank of India and other inter-bank funds   148.83     123.61     115.27     272.44     229.10     491.14  
  d) Others   284.17     264.30     316.63     548.47     635.16     1,237.60  
2.   Other income   2,042.97     1,879.92     1,739.55     3,922.89     3,382.44     7,502.76  
3.   TOTAL INCOME (1)+(2)   12,069.30     11,425.57     9,897.17     23,494.87     19,158.58     41,045.41  
4.   Interest expended   6,655.10     6,352.71     5,651.18     13,007.81     10,858.78     22,808.50  
5.   Operating expenses (e)+(f)   2,220.90     2,123.53     1,892.24     4,344.43     3,712.02     7,850.44  
  e) Employee cost   965.88     987.03     842.70     1,952.91     1,575.55     3,515.28  
  f) Other operating expenses   1,255.02     1,136.50     1,049.54     2,391.52     2,136.47     4,335.16  
6.   TOTAL EXPENDITURE (4)+(5)

(excluding provisions and contingencies)

  8,876.00     8,476.24     7,543.42     17,352.24     14,570.80     30,658.94  
7.   OPERATING PROFIT (3)–(6)

(Profit before provisions and contingencies)

  3,193.30     2,949.33     2,353.75     6,142.63     4,587.78     10,386.47  
8.   Provisions (other than tax) and contingencies   507.92     465.87     318.79     973.79     772.65     1,583.04  
9.   Exceptional items  

..

 

..

 

..

 

..

 

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..

10.   PROFIT/(LOSS) FROM ORDINARY ACTIVITIES BEFORE TAX (7)–(8)–(9)   2,685.38     2,483.46     2,034.96     5,168.84     3,815.13     8,803.43  
11.   Tax expense (g)+(h)   729.27     668.41     531.77     1,397.68     979.74     2,338.17  
  g) Current period tax   679.36     736.54     544.48     1,415.90     1,071.51     2,193.52  
  h) Deferred tax adjustment   49.91     (68.13 )   (12.71 )   (18.22 )   (91.77 )   144.65  
12.   NET PROFIT/(LOSS) FROM ORDINARY ACTIVITIES AFTER TAX (10)–(11)   1,956.11     1,815.05     1,503.19     3,771.16     2,835.39     6,465.26  
13.   Extraordinary items (net of tax expense)  

..

 

..

 

..

 

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14.   NET PROFIT/(LOSS) FOR THE PERIOD (12)–(13)   1,956.11     1,815.05     1,503.19     3,771.16     2,835.39     6,465.26  
15.  

Paid-up equity share capital (face value Rs 10/- each)

  1,153.08     1,152.93     1,152.47     1,153.08     1,152.47     1,152.77  
16.   Reserves excluding revaluation reserves   63,305.63     61,867.68     57,448.45     63,305.63     57,448.45     59,250.09  
17. Analytical ratios                        
i) Percentage of shares held by Government of India   0.01     0.01    

..

  0.01    

..

 

..

ii) Capital adequacy ratio   18.28 %   18.54 %   18.99 %   18.28 %   18.99 %   18.52 %
iii) Earnings per share (EPS)                        

a) Basic EPS before and after extraordinary items, net of tax expense (not annualised for three months/six months) (in Rs)

  16.97     15.74     13.05     32.71     24.61     56.11  
 

b) Diluted EPS before and after extraordinary items, net of tax expense (not annualised for three months/six months) (in Rs)

  16.91     15.71     13.00     32.62     24.51     55.95  
18. NPA Ratio1                        
i) Gross non-performing advances(net of write-off)   10,036.37     9,816.63     10,021.25     10,036.37     10,021.25     9,475.33  
ii) Net non-performing advances   2,134.07     1,904.99     2,183.77     2,134.07     2,183.77     1,860.84  
iii) % of gross non-performing advances(net of write-off) to gross advances   3.54 %   3.54 %   4.14 %   3.54 %   4.14 %   3.62 %
  iv) % of net non-performing advances to net advances   0.78 %   0.71 %   0.93 %   0.78 %   0.93 %   0.73 %
19.   Return on assets (annualised)   1.59 %   1.57 %   1.41 %   1.58 %   1.36 %   1.50 %
20. Public shareholding                        
i) No. of shares   1,153,027,642     1,152,874,294     1,152,412,079     1,153,027,642     1,152,412,079     1,152,714,442  
  ii) Percentage of shareholding   100     100     100     100     100     100  
21. Promoter and promoter group shareholding  

 

 

 

               
i) Pledged/encumbered                        
a) No. of shares  

..

 

..

 

..

 

..

 

..

 

..

b) Percentage of shares (as a % of the total shareholding of promoter and promoter group)  

..

 

..

 

..

 

..

 

..

 

..

c) Percentage of shares (as a % of the total share capital of the Bank)  

..

 

..

 

..

 

..

 

..

 

..

ii) Non-encumbered  

 

 

 

 

 

 

 

 

 

 

 

a) No. of shares  

..

 

..

 

..

 

..

 

..

 

..

b) Percentage of shares (as a % of the total shareholding of promoter and promoter group)  

..

 

..

 

..

 

..

 

..

 

..

  c) Percentage of shares (as a % of the total share capital of the Bank)  

..

 

..

 

..

 

..

 

..

 

..

     
  1. At September 30, 2012, the percentage of gross non-performing customer assets to gross customer assets was 3.03% and net non-performing customer assets to net customer assets was 0.66%. Customer assets include advances and credit substitutes.
SUMMARISED UNCONSOLIDATED BALANCE SHEET
(Rs in crore)
Particulars     At

September 30,
2012

   

June 30,
2012

   

March 31,
2012

   

September 30,
2011

    (Audited)     (Audited)     (Audited)     (Audited)
Capital and Liabilities                        
Capital     1,153.08     1,152.93     1,152.77     1,152.47
Employees stock options outstanding     3.43     2.90     2.39     1.32
Reserves and surplus     63,305.63     61,867.68     59,250.09     57,448.45
Deposits     281,438.20     267,794.23     255,499.96     245,091.72
Borrowings (includes preference shares and subordinated debt)     135,390.13     137,206.55     140,164.90     121,323.66
Other liabilities     15,764.65     15,469.84     17,576.98     15,707.59
Total Capital and Liabilities     497,055.12     483,494.13     473,647.09     440,725.21
                         
Assets                        
Cash and balances with Reserve Bank of India     21,175.08     17,951.32     20,461.30     23,301.52
Balances with banks and money at call and short notice     21,247.03     18,324.49     15,768.02     12,877.47
Investments     157,913.96     155,132.45     159,560.04     147,684.88
Advances     275,075.63     268,429.89     253,727.66     233,952.22
Fixed assets     4,621.49     4,668.14     4,614.68     4,696.52
Other assets     17,021.93     18,987.84     19,515.39     18,212.60
Total Assets     497,055.12     483,494.13     473,647.09     440,725.21
           

CONSOLIDATED FINANCIAL RESULTS

(Rs in crore)

       

Sr.
No.

Particulars

Three months ended

Six months ended Year ended

September 30,
2012

 

June 30,
2012

 

September 30,
2011

 

September 30,
2012

 

September 30,
2011

 

March 31,
2012

    (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Unaudited)   (Audited)
1.   Total income   18,609.43   16,639.71   16,110.61   35,249.14   30,860.40   66,658.28
2.   Net profit   2,390.37   2,076.58   1,991.68   4,466.95   3,658.45   7,642.94
3.   Earnings per share (EPS)    
 

a) Basic EPS (not annualised for three months/six months)(in Rs)

  20.73   18.01   17.28   38.75   31.75   66.33
 

b) Diluted EPS (not annualised for three months/six months)(in Rs)

  20.63   17.94   17.20   38.58   31.57   66.06
     
UNCONSOLIDATED SEGMENTAL RESULTS OF ICICI BANK LIMITED

(Rs in crore)

 

Sr.
No.

  Particulars   Three months ended   Six months ended   Year ended

September 30,
2012

 

June 30,
2012

 

September 30,
2011

 

September 30,
2012

 

September 30,
2011

 

March 31,
2012

  (Audited)   (Audited)   (Unaudited)   (Audited)   (Audited)   (Audited)
1.   Segment revenue                        
a   Retail Banking   5,579.55     5,464.05     4,852.42     11,043.60     9,535.25     19,711.27  
b   Wholesale Banking   7,988.92     7,248.57     6,344.67     15,237.49     11,988.72     26,171.31  
c   Treasury   8,917.37     8,509.06     7,230.43     17,426.43     14,244.38     30,141.42  
d   Other Banking   71.78     82.06     65.50     153.84     135.52     282.18  
    Total segment revenue   22,557.62     21,303.74     18,493.02     43,861.36     35,903.87     76,306.18  
    Less: Inter segment revenue   10,488.32     9,878.17     8,595.85     20,366.49     16,745.29     35,260.77  
    Income from operations   12,069.30     11,425.57     9,897.17     23,494.87     19,158.58     41,045.41  
2.   Segmental results (i.e. Profit before tax)                        
a   Retail Banking   299.53     142.84     105.60     442.37     21.46     549.99  
b   Wholesale Banking   1,487.62     1,588.00     1,595.29     3,075.62     2,800.81     6,207.73  
c   Treasury   828.16     799.17     347.12     1,627.33     982.17     2,080.68  
d   Other Banking   70.07     (46.55 )   (13.05 )   23.52     10.69     (34.97 )
    Total segment results   2,685.38     2,483.46     2,034.96     5,168.84     3,815.13     8,803.43  
    Unallocated expenses  

..

 

..

 

..

 

..

 

..

 

..

    Profit before tax   2,685.38     2,483.46     2,034.96     5,168.84     3,815.13     8,803.43  
3.   Capital employed

(i.e. Segment assets – Segment liabilities)

                       
a   Retail Banking   (120,961.40 )   (115,832.84 )   (98,663.37 )   (120,961.40 )   (98,663.37 )   (106,850.82 )
b   Wholesale Banking   115,358.26     115,942.39     88,891.70     115,358.26     88,891.70     106,384.77  
c   Treasury   63,115.73     55,039.02     61,675.92     63,115.73     61,675.92     53,552.58  
d   Other Banking   1,590.79     2,269.17     1,224.37     1,590.79     1,224.37     1,717.58  
e   Unallocated   5,358.76     5,605.77     5,473.62     5,358.76     5,473.62     5,601.14  
    Total   64,462.14     63,023.51     58,602.24     64,462.14     58,602.24     60,405.25  

Notes on segmental results:

  1. The disclosure on segmental reporting has been prepared in accordance with Reserve Bank of India (RBI) circular no. DBOD.No.BP.BC.81/21.04.018/2006-07 dated April 18, 2007 on guidelines on enhanced disclosures on ”Segmental Reporting” which is effective from the reporting period ended March 31, 2008.
  2. “Retail Banking” includes exposures which satisfy the four criteria of orientation, product, granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document “International Convergence of Capital Measurement and Capital Standards: A Revised Framework.”
  3. “Wholesale Banking” includes all advances to trusts, partnership firms, companies and statutory bodies, which are not included under Retail Banking.
  4. “Treasury“ includes the entire investment portfolio of the Bank.
  5. “Other Banking” includes hire purchase and leasing operations and other items not attributable to any particular business segment.

Notes:

1. The financial statements have been prepared in accordance with Accounting Standard (AS) 25 on ‘Interim Financial Reporting.’

2. The provision coverage ratio of the Bank at September 30, 2012, computed as per the RBI circular dated December 1, 2009, is 78.7% (June 30, 2012: 80.6%; March 31, 2012: 80.4%; September 30, 2011: 78.2%).

3. In accordance with Insurance Regulatory and Development Authority (IRDA) guidelines, ICICI Lombard General Insurance Company (ICICI General), together with all other general insurance companies participated in the Indian Motor Third Party Insurance Pool (the Pool), administered by the General Insurance Corporation of India (GIC) from April 1, 2007. The Pool covered reinsurance of third party risks of commercial vehicles. IRDA through its orders dated December 23, 2011, January 3, 2012 and March 22, 2012 has directed the dismantling of the Pool on a clean cut basis and advised recognition of the Pool liabilities as per loss ratios estimated by GAD UK (“GAD Estimates”) for underwriting years commencing from the year ended March 31, 2008 to year ended March 31, 2012. ICICI General recognised the additional liabilities of the Pool in the three months ended March 31, 2012 and accordingly the Bank’s consolidated net profit after tax for the year ended March 31, 2012 includes impact of additional Pool losses of Rs 503.03 crore in line with Bank’s shareholding in ICICI General.

4. During the three months ended September 30, 2012, the Bank has allotted 153,348 equity shares of Rs 10/- each pursuant to exercise of employee stock options.

5. Status of equity investors’ complaints/grievances for the three months ended September 30, 2012:

Opening balance     Additions     Disposals     Closing balance
0     43     43     0

6. Previous period/year figures have been re-grouped/re-classified where necessary to conform to current period classification.

7. The above financial results have been approved by the Board of Directors at its meeting held on October 26, 2012.

8. The above unconsolidated financial results are audited by the statutory auditors, S.R. Batliboi & Co., Chartered Accountants.

9. Rs 1 crore = Rs 10 million.

Contacts

ICICI Bank Limited
Press queries:
Sujit Ganguli, 91-22-2653 8525
ganguli.sujit@icicibank.com
or
Investor queries:
Rakesh Mookim, 91-22-2653 6114
ir@icicibank.com

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Contacts

ICICI Bank Limited
Press queries:
Sujit Ganguli, 91-22-2653 8525
ganguli.sujit@icicibank.com
or
Investor queries:
Rakesh Mookim, 91-22-2653 6114
ir@icicibank.com