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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, Other Banking, Life Insurance, General Insurance, and Others. 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 2022 INRUSD
Revenue1,573.32B21,115.72M
Gross Profit----
Operating income358,268.39M4,808.35M
Income before tax342,412.72M4,595.55M
Net income251,100.96M3,370.04M
EBITDA----
Diluted EPS35.480.47
Dividends Per Share50.06
Total Assets17,563.55B231,785.57M
Total liabilities15,683.21B206,970.87M
Total equity1,820.52B24,025.40M
Operating cash flow782,588.95M10,503.19M
Currency in INRCurrency in USD

Historical Data

 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 1,193.57B 1,311.20B 1,502.36B 1,614.86B 1,573.32B
Gross Profit -- -- -- -- --
Operating income 109,240.42M 72,221.82M 231,271.13M 305,896.77M 358,268.39M
Income before tax 109,269.44M 74,082.60M 185,886.08M 260,283.35M 342,412.72M
Net income 77,121.86M 42,542.38M 95,663.07M 183,843.18M 251,100.96M
EBITDA -- -- -- -- --
Diluted EPS 11.89 6.53 14.54 26.87 35.48
Dividends Per Share 1.50 1 0 2 5
Total Assets 11,279.29B 12,427.95B 13,801.93B 15,770.70B 17,563.55B
Total liabilities 10,112.91B 11,219.61B 12,504.38B 14,098.94B 15,683.21B
Total equity 1,106.29B 1,142.53B 1,229.60B 1,575.87B 1,820.52B
Operating cash flow 296,611.94M 471,017M 608,719.51M 667,051.57M 782,588.95M
 Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022
Revenue 18,514.80M 18,746.83M 21,188.15M 21,753.36M 21,115.72M
Gross Profit -- -- -- -- --
Operating income 1,694.54M 1,032.58M 3,261.65M 4,120.65M 4,808.35M
Income before tax 1,694.99M 1,059.19M 2,621.58M 3,506.20M 4,595.55M
Net income 1,196.31M 608.24M 1,349.15M 2,476.50M 3,370.04M
EBITDA -- -- -- -- --
Diluted EPS 0.18 0.09 0.20 0.36 0.47
Dividends Per Share 0.02 0.01 0 0.02 0.06
Total Assets 172,937.71M 179,400.21M 182,441.54M 215,700.89M 231,785.57M
Total liabilities 155,054.42M 161,957.56M 165,289.83M 192,835.72M 206,970.87M
Total equity 16,962.10M 16,492.73M 16,253.53M 21,553.74M 24,025.40M
Operating cash flow 4,601.05M 6,734.32M 8,584.88M 8,985.67M 10,503.19M

Valuation Measures

Mar 2022
PER20.16
ROA1.50%
ROE14.78%
Operating margin22.77%
Profit margin15.95%

Key executives

  • Chief Executive Officer, MD & Executive Director: Sandeep Bakhshi
  • President & Executive Director: Sandeep Batra
  • Group Chief Financial Officer: Anindya Banerjee
  • Secretary, Compliance Officer & General Manager: Ranganath Athreya
  • Business Head-Rural & Inclusive Banking: Avijit Churamoni Saha

Shareholders

  • Life Insurance Corporation of India (Investment Portfolio) (6.3%)
  • SBI Funds Management Pvt Ltd. (5.6%)
  • ICICI Prudential Asset Management Co. Ltd. (2.7%)
  • GIC Pte Ltd. (Investment Management) (2.6%)
  • HDFC Asset Management Co. Ltd. (Invt Mgmt) (2.2%)
  • UTI Asset Management Co. Ltd. (Investment Management) (1.9%)
  • Capital Research & Management Co. (World Investors) (1.6%)
  • BlackRock Fund Advisors (1.6%)
  • Aditya Birla Sun Life Amc Ltd. (Investment Management) (1.4%)
  • Dodge & Cox (1.3%)

Contact Details

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

Related Companies

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  • ICICI Securities Ltd.
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  • ICICI Wealth Management, Inc.
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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 Prudential Trust Ltd.
  • ICICI Bank Ltd. Securities Markets Service
  • ICICI Bank Ltd. (Bahrain Branch)
  • ICICI Bank UK PLC
  • ICICI Bank Ltd. (Singapore Branch)
  • ICICI Securities, Inc. (Singapore)

Competitors

  • Ebix, Inc.
Last Updated on 25 Jan, 2023

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