ICICI Bank Results Q2 FY2023, Net Profit at Rs. 7558 crores

ICICI Bank Q2 Results FY2023

Corporate Action
by Shreya Anaokar Last Updated: 2022-10-31T17:42:23+05:30

On 22nd October 2022, ICICI Bank announced its second quarter results for the period ending 30th September 2022. 

Q2FY23 Performance updates:

- Net interest income (NII) increased by 26% YoY to Rs. 14,787 crore
- The net interest margin was 4.31% in Q2-2023 
- The core operating profit (profit before provisions and tax, excluding treasury income) increased by 24% YoY to Rs. 11,765 crore 
- The profit before tax grew by 39% YoY to Rs. 10,036 crore 
- The profit after tax grew by 37% YoY to Rs. 7,558 crore 

Business Highlights:

- The retail loan portfolio grew by 25% YoY and comprised 54% of the total loan portfolio. 
- The business banking portfolio grew by 43% YoY
- The SME business, comprising borrowers with a turnover of less than Rs. 250 crores, grew by 27% YoY. 
- The domestic corporate portfolio grew by 23% YoY
- The rural portfolio grew by 12% YoY. 
- The domestic advances grew by 24% YoY. Total advances increased by 23% YoY to Rs. 938,563 crores. 
- Total period-end deposits increased by 12% YoY to Rs. 1,090,008 crores. 
- Average current account and savings account deposits increased by 16% YoY in Q2FY23. Period-end term deposits increased by 11% YoY to Rs. 582,168 crores 
- The Bank had a network of 5,614 branches and 13,254 ATMs.
- The gross NPA ratio declined to 3.19% at September 30, 2022 from 3.41% at June 30, 2022 and 4.82% at September 30, 2021. The net NPA ratio declined to 0.61% at September 30, 2022 from 0.70% at June 30, 2022 and 0.99% at September 30, 2021.
-  Bank’s total capital adequacy ratio was 18.27% and Tier-1 capital adequacy was 17.51% compared to the minimum regulatory requirements of 11.70% and 9.70% respectively.
 


Start Investing in 5 mins*

Get Benefits worth 2100* | Rs. 20 Flat Per Order | 0% Brokerage

About the Author

Shreya Anaokar is a Content Writer at 5paisa. She has completed her Master’s in Finance and Graduation in Statistics from the University of Mumbai. 

Disclaimer

Investment/Trading is subject to market risk, past performance doesn’t guarantee future performance. The risk of trading/investment loss in securities markets can be substantial. Also, the above report is compiled from data available on public platforms.

Open Free Demat Account

& get benefits worth 2100*

Resend OTP
Please Enter OTP
  • Have Promo code?
  • Use code ACT2100
Enter Promo code
Account belongs to

By proceeding, you agree to the T&C.

Start Investing Now!

Open Free Demat Account in 5 mins

Enter Valid Mobile Number