Asia300

ICICI Bank Ltd.

India

  • 1m
  • 3m
  • 6m
  • 1y
  • 2y
  • 5y
May 26, 2017
Prev close: 321.65
May 26, 2017
Market cap:
Market cap(USD):
1,874.25B
29,089.8M
Shares: 5,827M

Currency in INR

Company profile

Market(Ticker): BOM(532174)
Sector:
Industry:
Finance
Regional Banks
Full time employees: --

Business summary

ICICI Bank Ltd. provides a range of banking and financial services, which includes retail banking, corporate banking and treasury operations. The company also provides commercial banking, retail banking, project and corporate finance, working capital finance, venture capital and private equity, investment banking, broking and treasury products and services. It operates through following segments: Retail Banking, Wholesale Banking, Treasury, and Other Banking. The Retail Banking segment includes exposures of the bank, which satisfy the four qualifying criteria of regulatory retail portfolio as stipulated by the RBI guidelines on the Basel II framework. The Wholesale Banking segment includes all advances to trusts, partnership firms, companies and statutory bodies, by the bank which are not included in the Retail Banking segment, as per the RBI guidelines for the bank. The Treasury segment includes the entire investment portfolio of the bank. The Other Banking segment includes leasing operations and other items not attributable to any particular business segment of the bank. The company was founded on January 5, 1994 and is headquartered in Mumbai, India.

Company background

ICICI Bank is a major commercial bank in India. While many commercial banks in India are affiliated with the government, ICICI Bank is the largest in the country's private-sector. Its total assets stood at $99 billion at the end of March in 2014. It runs more than 4,000 branch offices in India and has over 12,000 ATMs.

In 1955, the Indian business community and the World Bank established Industrial Credit and Investment Corp. of India (ICICI) to promote project finance in the country. ICICI set up ICICI Bank as a subsidiary in 1994. ICICI gradually sold off shares in the bank on the stock market. In 2002, the bank merged with ICICI. All shares in the bank are now on the market.

The bank went public in the U.S. in 2000. It acquired Bank of Madura, which is based in southern India, the following year. The acquisition boosted the bank's total assets.

ICICI Bank is expanding in rural areas and is trying to spread use of mobile payments settlement technology. Chanda Kochhar, who became CEO of the bank in 2009, was ranked by Forbes magazine as one of India's leading business women.

In the news

Financial highlights

Mar 2017

  • Local currency
  • US Dollar
Revenue 1,133.97B
Gross profit --
Operating income 138,093.5M
Income before tax 138,093.5M
Net income 101,883.8M
EBITDA --
Diluted EPS 17.43
Dividends per share 2.5
Total assets 9,860.42B
Total liabilities 8,765.45B
Total equity 1,046.32B
Operating cash flow --

Currency in INR

Revenue 16,910.61M
Gross profit --
Operating income 2,059.34M
Income before tax 2,059.34M
Net income 1,519.35M
EBITDA --
Diluted EPS 0.25
Dividends per share 0.03
Total assets 151,850.72M
Total liabilities 134,988.12M
Total equity 16,113.34M
Operating cash flow --

Currency in USD

Valuation measures

Mar 2017

PER 15.82
ROA 1.06%
ROE 10.25%
Operating margin 12.17%
Profit margin 8.98%

Key executive

  • Chief Executive Officer, Executive Director & MD: Chanda Deepak Kochhar
  • Chief Financial Officer & Group Executive: Rakesh Jha
  • Group Executive & Chief Technological Officer: Madhivanan Balakrishnan
  • Secretary, Senior GM-Legal & Compliance Officer: Sanker Parameswaran
  • Director & Executive Director-Retail Business: Anup Bagchi

Share holders

  • Deutsche Bank AG(25.1%)
  • Life Insurance Corp. of India(10.4%)
  • Dodge & Cox(7.1%)
  • HDFC Asset Management Co. Ltd.(3.2%)
  • ICICI Prudential Asset Management Co. Ltd.(3.1%)
  • General Insurance Corp. of India (Invt Port)(1.7%)
  • Reliance Nippon Life Asset Management Ltd.(1.6%)
  • Capital Research & Management Co. (World Investors)(1.5%)
  • SBI Funds Management Pvt Ltd.(1.5%)
  • GIC Pte Ltd. (Investment Management)(1.0%)

Address

  • Website: http://www.icicibank.com
  • Address: ICICI Bank Towers, Bandra-Kurla Complex, Mumbai, 400051, India
  • Phone: +91.22.33667777

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