2. AGENDA
• Timeline of ICICI Bank
• BOD’s Report and MDA
• Significant Accounting Policies
• Cash Flow Analysis
• Ratio Analysis
• Track Announcements
3. TIMELINE OF ICICI BANK
• 1994 - Promoted by ICICI Limited
• 1996 - Appointed KV Kamath as CEO & MD
• 1998 - Issued public equity shares in India
• 1999 - Listed in NYSE (First Indian Company)
• 2001 - Merged with Bank of Madura Ltd
• 2010 - Merged with The Bank of Rajasthan
Ltd
4. BOD’S REPORT AND MDA
• RBI introduced Base Rate System
– ‘I-Base’ was at 9.25% p.a on May 7th 2011
• Banks paid interest to Savings Bank Account on
daily average basis at 4%
• RBI increased repo and reverse repo to 6.75% and
5.75% from 5% and 3.5% respectively
5. • ICICI Bank issued 25 equity shares of ICICI Bank
for every 118 equity shares of The Bank of
Rajasthan Ltd
• RBI imposed a regulatory ceiling on Loan to Value
Ratio at 80% for housing loans
• Non interest expenses increased to Rs.66.17
billion from Rs.58.6 billion due to increase in
employee expenses
BOD’S REPORT AND MDA
6. • ICICI bank decreased provisions and
contingencies from 43.87 billion to 22.87 billion
• Total advances increased to 2163.66 billion from
1,812.06 billion due to increase in
– Domestic corporate loans
– Overseas corporate loans
– Loans taken over from Bank of Rajasthan
BOD’S REPORT AND MDA
7. SIGNIFICANT ACCOUNTING POLICIES
ITEM METHOD FOLLOWED
PURCHASE AND SALE OF
INVESTMENTS
TRADE DATE
GOVERNMENT SECURITIES SETTLEMENT DATE
DEPRECIATION STRAIGHT LINE
BULLION BUSINESS CONSIGNMENT
SCHEDULE 17
8. CASH FLOW ANALYSIS
• From operating activities: DECREASED
– Increase in advances
• From investing activities: DECREASED
– Increase in purchase of securities
• From financing activities: INCREASED
– Increase in funds for expanding its business
ACTIVITIES 2011 2010
OPERATING ACTIVITIES (69.08) 18.69
INVESTING ACTIVITIES (21.08) 61.5
FINANCING ACTIVITIES 31.05 13.82
In Rs. billion
9. RATIO ANALYSIS
LIQUIDITY 2011 2010
Current Ratio 0.759 0.767
Quick Ratio 0.293 0.355
PROFIT & LOSS A/C RATIO 2011 2010
Interest expended to
Interest earned
0.652 0.684
Other Income to Total
Income
0.203 0.225
2011 2010
Efficiency Ratio 59.4% 54.6%
Asset Turnover Ratio 0.08 0.09
10. RATIO ANALYSIS
FOR SHAREHOLDERS 2011 2010
Earning Per Share 45.27 36.14
Book Value 478.31 463.01
Return on Equity 9.6 7.9
Earnings Retention 69% 66%
Dividend Payout 31% 34%
COVERAGE RATIO 2011 2010
Interest Coverage 1.53 1.55
11. RATIO ANALYSIS
CASA TO TOTAL DEPOSITS 2011 2010
ICICI BANK 45.1 41.7
AXIS BANK 41.09 46.73
HDFC BANK 51 51
NET INTEREST INCOME* 2011 2010
ICICI BANK 90.17 81.14
AXIS BANK 65.63 50.04
HDFC BANK 105.43 83.86
NET INTEREST MARGIN 2011 2010
ICICI BANK 2.6 2.5
AXIS BANK 3.65 3.75
HDFC BANK 4.2 4.4
* In Rs. billion
13. TRACK ANNOUNCEMENTS
DATE PERCENTAGE CHANGE
IN PRICE
NEWS
29th July 2011 + 1.985 Q1 net profit was
increased by 30%
11th August 2011 - 2.2 Base Rate was increased
from 9.5% to 10%
7th October 2011 + 5.822 Moody reaffirms ICICI
rating calling it as robust
28th October 2011 + 7.014 RBI paused the hike of
interest rates
