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, 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 | INR | USD |
| Revenue | 1,502.36B | 21,188.15M |
| Gross Profit | -- | -- |
| Operating income | 231,271.13M | 3,261.65M |
| Income before tax | 185,886.08M | 2,621.58M |
| Net income | 95,663.07M | 1,349.15M |
| EBITDA | -- | -- |
| Diluted EPS | 14.54 | 0.20 |
| Dividends Per Share | 0 | 0 |
| Total Assets | 13,801.93B | 182,441.54M |
| Total liabilities | 12,504.38B | 165,289.83M |
| Total equity | 1,229.60B | 16,253.53M |
| Operating cash flow | 608,719.51M | 8,584.88M |
| Currency in INR | Currency in USD |
Historical Data
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
| Revenue | 1,017.76B | 1,137.84B | 1,193.57B | 1,311.20B | 1,502.36B |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 178,605.58M | 138,149.62M | 109,240.42M | 72,221.82M | 231,271.13M |
| Income before tax | 142,869.91M | 138,135.39M | 109,269.44M | 74,082.60M | 185,886.08M |
| Net income | 101,799.58M | 101,883.84M | 77,121.86M | 42,542.38M | 95,663.07M |
| EBITDA | -- | -- | -- | -- | -- |
| Diluted EPS | 15.82 | 14.40 | 11.89 | 6.53 | 14.54 |
| Dividends Per Share | 4.54 | 2.27 | 1.50 | 1 | 0 |
| Total Assets | 9,220.40B | 9,892.65B | 11,279.29B | 12,427.95B | 13,801.93B |
| Total liabilities | 8,245.73B | 8,797.67B | 10,112.91B | 11,219.61B | 12,504.38B |
| 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 | 608,719.51M |
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
| Revenue | 15,545.36M | 16,968.26M | 18,514.80M | 18,746.83M | 21,188.15M |
| Gross Profit | -- | -- | -- | -- | -- |
| Operating income | 2,728.01M | 2,060.17M | 1,694.54M | 1,032.58M | 3,261.65M |
| 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 | 0 |
| Total Assets | 139,233.63M | 152,347.00M | 172,937.71M | 179,400.21M | 182,441.54M |
| Total liabilities | 124,515.62M | 135,484.40M | 155,054.42M | 161,957.56M | 165,289.83M |
| 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 | |
| PER | 21.91 |
| ROA | 0.72% |
| ROE | 8.06% |
| Operating margin | 15.39% |
| Profit margin | 6.36% |
Key executives
- Chief Executive Officer, MD & Executive Director: Sandeep Bakhshi
- President: Sandeep Batra
- Chief Financial Officer: Rakesh Jha
- Secretary, Compliance Officer & General Manager: Ranganath Athreya
- Independent Non-Executive Director: Uday Madhav Chitale
Shareholders
- Life Insurance Corp of India (7.2%)
- SBI Funds Management Pvt Ltd. (3.7%)
- Dodge & Cox (3.7%)
- HDFC Asset Management Co. Ltd. (Invt Mgmt) (3.1%)
- ICICI Prudential Asset Management Co. Ltd. (2.6%)
- GIC Pte Ltd. (Investment Management) (2.0%)
- Nippon Life India Asset Management Ltd. (Invt Mgmt) (1.7%)
- Kotak Mahindra Asset Management Co. Ltd. (1.5%)
- Aditya Birla Sun Life AMC Ltd. (1.5%)
- BlackRock Fund Advisors (1.5%)
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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Last Updated on 23 Oct, 2020
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