ICICI Bank Ltd, incorporated in the year 1994, is a banking company with a market cap of Rs 394176.99 Crore.
ICICI Bank’s key Products/Revenue Segments include Interest & Discount on Advances & Bills, Income From Investment, Interest and Interest On Balances with RBI and Other Inter-Bank Funds for the year ending 31-Mar-2020.
Investment Rationale
ICICI Bank reported strong performance on the business front, with loan growth showing robust trends across Retail, SME, and Corporate portfolio. Core operating performance remains robust even as muted fee income trends and treasury loss resulted in a PAT miss.
Financials
ICICI Bank reported a 261 per cent year-on-year (YoY) rise in net profit at Rs 4,403 crore in the March quarter, compared with a profit of Rs 1,221.40 crore in the corresponding quarter last year. Net interest income (NII) for the quarter rose 17 per cent YoY to Rs 10,431 crore compared with Rs 8,927 crore in the year-ago quarter. Non-interest income, excluding treasury income, stood at Rs 4,137 crore 2021, up 3.08 per cent over 4,013 crore in the year-ago quarter.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Dec 30, 2020, while FIIs held 58 per cent, DIIs 34.3 per cent and public and others 7.7 per cent.
