India’s largest private sector lender ICICI Bank’s has reported
a third quarter net profit of INR17.28bn ($348.7m), a 20% increase

ICICI’s loan book expanded robustly by 19% year-on-year to
INR2.46trn, in the three months period, contributing to the strong

Retail loans have the highest share of over 33% out of the
entire loan book.

For the nine months ended 31 December, the bank has posted a
consolidated net profit of INR58.33bn, a 29% increase from
INR45.25bn in the year ago period.

ICICI’s total deposits have grown nearly 20% year-on-year to
INR2.61trn in the third quarter. However the CASA ratio has
decreased to 43.6% from 44.2% in the same year ago period.

The net interest income has increased more than 17% year-on-year
to INR27.12bn.

The Net Interest Margin has increased by 6 basis points from
2.64% to 2.7% year-on-year.

Managing director and CEO of ICICI, Chanda Kochhar, said:

“We are on the growth path. We have seen diversified growth in
this quarter.”

Kochhar added the retail rate of growth “will be higher in the
coming quarters” and residential housing projects “are moving