ICICI Bank's Wealth and Recent Performance:
- As the quarter ended on 31 December 2017, the total domestic loan growth of ICICI Bank grew by 16% compared to 13% the previous year.
- As of 30 September 2017, the retail loans of the bank stood at 19%. Whereas, by the end of December 2017, the retail loans increased to 22%.
- In the last quarter of 2017, ICICI Bank reported a decline in their gross non-performing asset (NPA). The NPA of the bank stood at Rs.4.380 crore on 31 December 2017 which was Rs.4,674 crore on 30 September 2017 and Rs.7,037 crore on 31 December 2016. In the books of the bank, Non-performing assets refer to those loans that are in default status or arrears. In most cases, it means debt that is not paid or long overdue. Therefore, a decrease in NPA implies that the bank has addressed the issue and have taken measures to curb the adverse effects of high NPA.
- The Net NPA ratio of ICICI Bank also decreased to 4.20% as of 31 December 2017 from 4.43% on 30 September 2017.
- The Current and Savings Ratio (CASA) of the bank stood at 50.4% as of 31 December 2017.
- Also, the Core operating profit minus treasury income and exchange rate gains regarding overseas operations grew by 10% to Rs.4,992 crore in Q3 of the financial year 2017-2018 which was Rs.4,549 crore in Q3 2017.
- The provisions of the bank also reduced substantially from Rs.4,503 crore in Q2 of 2017-2018 to Rs.3,570 crore in the third quarter of 2018.
- The net interest income of ICICI Bank grew by 6% on a year-on-year basis in the quarter ended on 31 December 2017. The net interest income of the bank in the quarter ended 31 December 2016 was Rs. 5,363 crore.
- The consolidated profit after tax was Rs.1,894 crore in Q3- 2018 compared to Rs.2,071 crore in Q2-2018 and Rs.2,611 crore for Q3-2017.
- The year-on-year credit growth in domestic advances was 13% as of 30 September 2017. By the end of 31 December 2017, the credit growth increased to 16%.
- CASA deposits also increased by 12% year-on-year to Rs.260,635 crore by 31 December 2017. The CASA ratio of ICICI Bank stood at 50.4% as of 31 December 2017 compared to 49.5% at 30 September 2017 and 49.9% at 31 December 2016.
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