Finance
ICICI Bank Ltd.
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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 | INR | USD |
| Revenue | 1,573.32B | 21,115.72M |
| Gross Profit | -- | -- |
| Operating income | 358,268.39M | 4,808.35M |
| Income before tax | 342,412.72M | 4,595.55M |
| Net income | 251,100.96M | 3,370.04M |
| EBITDA | -- | -- |
| Diluted EPS | 35.48 | 0.47 |
| Dividends Per Share | 5 | 0.06 |
| Total Assets | 17,563.55B | 231,785.57M |
| Total liabilities | 15,683.21B | 206,970.87M |
| Total equity | 1,820.52B | 24,025.40M |
| Operating cash flow | 782,588.95M | 10,503.19M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 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 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 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 | |
| PER | 20.16 |
| ROA | 1.50% |
| ROE | 14.78% |
| Operating margin | 22.77% |
| Profit margin | 15.95% |
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
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Competitors
- Ebix, Inc.
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