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Finance

ICICI Bank Ltd.

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.

Business Summary

ICICI Bank Ltd. engages in the provision of banking and financial services, which includes retail banking, corporate banking, and treasury operations. It operates through the 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 Reserve Bank of India guidelines on the Basel III framework. The Wholesale Banking segment deals with all advances to trusts, partnership firms, companies, and statutory bodies, by the Bank which are not included in the Retail Banking segment. The Treasury segment handles the entire investment portfolio of the bank. The Other Banking segment comprises 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.

Financial Highlights

Mar 2020 INRUSD
Revenue1,497.86B21,124.60M
Gross Profit----
Operating income185,886.10M2,621.58M
Income before tax185,886.10M2,621.58M
Net income95,663.10M1,349.15M
EBITDA----
Diluted EPS14.550.20
Dividends Per Share----
Total Assets13,772.92B182,058.08M
Total liabilities12,475.37B164,906.37M
Total equity1,229.60B16,253.53M
Operating cash flow608,719.50M8,584.88M
Currency in INRCurrency in USD

Historical Data

 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 1,017.76B 1,137.84B 1,193.57B 1,311.20B 1,497.86B
Gross Profit -- -- -- -- --
Operating income 178,605.58M 138,149.62M 109,240.42M 72,221.82M 185,886.10M
Income before tax 142,869.91M 138,135.39M 109,269.44M 74,082.60M 185,886.10M
Net income 101,799.58M 101,883.84M 77,121.86M 42,542.38M 95,663.10M
EBITDA -- -- -- -- --
Diluted EPS 15.82 14.40 11.89 6.53 14.55
Dividends Per Share 4.54 2.27 1.50 1 --
Total Assets 9,220.40B 9,892.65B 11,279.29B 12,427.95B 13,772.92B
Total liabilities 8,245.73B 8,797.67B 10,112.91B 11,219.61B 12,475.37B
Total equity 941,107.12M 1,046.31B 1,106.29B 1,142.53B 1,229.60B
Operating cash flow 273,897.84M 389,131.34M 296,611.94M 471,017M 608,719.50M
 Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Revenue 15,545.36M 16,968.26M 18,514.80M 18,746.83M 21,124.60M
Gross Profit -- -- -- -- --
Operating income 2,728.01M 2,060.17M 1,694.54M 1,032.58M 2,621.58M
Income before tax 2,182.19M 2,059.96M 1,694.99M 1,059.19M 2,621.58M
Net income 1,554.88M 1,519.36M 1,196.31M 608.24M 1,349.15M
EBITDA -- -- -- -- --
Diluted EPS 0.24 0.21 0.18 0.09 0.20
Dividends Per Share 0.06 0.03 0.02 0.01 --
Total Assets 139,233.63M 152,347.00M 172,937.71M 179,400.21M 182,058.08M
Total liabilities 124,515.62M 135,484.40M 155,054.42M 161,957.56M 164,906.37M
Total equity 14,211.28M 16,113.34M 16,962.10M 16,492.73M 16,253.53M
Operating cash flow 4,183.50M 5,802.98M 4,601.05M 6,734.32M 8,584.88M

Valuation Measures

Mar 2020
PER21.91
ROA0.73%
ROE8.06%
Operating margin12.41%
Profit margin6.38%

Key executives

  • Chief Executive Officer, MD & Executive Director: Sandeep Bakhshi
  • Chief Financial Officer: Rakesh Jha
  • Secretary, Compliance Officer & General Manager: Ranganath Athreya
  • Independent Non-Executive Director: Uday Madhav Chitale
  • Group Executive & Group Head-Markets: Balachander Prasanna

Shareholders

  • Life Insurance Corp of India (8.3%)
  • SBI Funds Management Pvt Ltd. (3.9%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.7%)
  • Dodge & Cox (3.6%)
  • ICICI Prudential Asset Management Co. Ltd. (2.6%)
  • Capital Research & Management Co. (World Investors) (2.3%)
  • Nippon Life India Asset Management Ltd. (Invt Mgmt) (1.8%)
  • Aditya Birla Sun Life AMC Ltd. (1.6%)
  • Kotak Mahindra Asset Management Co. Ltd. (1.6%)
  • GIC Pte Ltd. (Investment Management) (1.6%)

Contact Details

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

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  • ICICI Bank Ltd. (Sri Lanka)
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  • ICICI Wealth Management, Inc.
  • ICICI Comm Trade Ltd.
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  • ICICI Foundation for Inclusive Growth
  • ICICI Prudential Life Assurance Co. Ltd.
  • ICICI Investment Management Company Limited
  • ICICI Securities Primary Dealership Ltd.
  • ICICI Venture Funds (Real Estate)
  • ICICI Home Finance Co. Ltd.
  • ICICI Bank Canada
  • I-Ven Pharma Capital Ltd.
  • ICICI Bank Ltd. (Hong Kong Branch)
  • ICICI Ventures Ltd.
  • ICICI Bank Ltd. Securities Markets Service
  • ICICI Lombard General Insurance Co. Ltd.
  • ICICI Bank Ltd. (Bahrain Branch)
  • ICICI Bank UK PLC
  • ICICI Bank Ltd. (Singapore Branch)
  • ICICI Securities, Inc. (Singapore)
  • Indian Retail ABS Trust Series 50
  • Sangli Bank Ltd.

Competitors

  • Ebix, Inc.
Last Updated on 14 Jul, 2020

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