This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

ICICI Bank Limited Performance Review: Consolidated Profit After Tax Crosses The Rs 10,000 Crore Milestone

Stocks in this article: IBN

The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting held at Mumbai today, approved the audited accounts of the Bank for the year ended March 31, 2014.

Profit & loss account

  • Standalone profit after tax increased 18% to Rs 9,810 crore (US$ 1.6 billion) for the year ended March 31, 2014 (FY2014) from Rs 8,325 crore (US$ 1.4 billion) for the year ended March 31, 2013 (FY2013).
  • Net interest income increased 19% to Rs 16,475 crore (US$ 2.8 billion) in FY2014 from Rs 13,866 crore (US$ 2.3 billion) in FY2013. Net interest margin increased by 22 basis points from 3.11% in FY2013 to 3.33% in FY2014.
  • Non-interest income increased by 25% to Rs 10,428 crore (US$ 1.7 billion) in FY2014 from Rs 8,346 crore (US$ 1.4 billion) in FY2013.
  • Cost-to-income ratio reduced to 38.2% in FY2014 from 40.5% in FY2013.
  • Provisions were at Rs 2,626 crore (US$ 438 million) in FY2014 compared to Rs 1,803 crore (US$ 301 million) in FY2013.
  • Return on average assets was 1.76% in FY2014 compared to 1.66% in FY2013.
  • Standalone profit after tax increased by 15% to Rs 2,652 crore (US$ 443 million) for the quarter ended March 31, 2014 (Q4-2014) from Rs 2,304 crore (US$ 385 million) for the quarter ended March 31, 2013 (Q4-2013).
  • Net interest income increased 15% to Rs 4,357 crore (US$ 727 million) in Q4-2014 from Rs 3,803 crore (US$ 635 million) in Q4-2013.
  • Non-interest income increased by 35% to Rs 2,976 crore (US$ 497 million) in Q4-2014 from Rs 2,208 crore (US$ 369 million) in Q4-2013. Non-interest income in Q4-2014 included Rs 222 crore (US$ 37 million) of exchange rate gains on repatriation of retained earnings from overseas branches.
  • Cost-to-income ratio reduced to 39.2% in Q4-2014 from 40.0% in Q4- 2013.
  • Provisions were at Rs 714 crore (US$ 119 million) in Q4-2014 compared to Rs 460 crore (US$ 77 million) in Q4-2013.
  • Consolidated profit after tax increased by 15% to Rs 11,041 crore (US$ 1.8 billion) in FY2014 compared to Rs 9,604 crore (US$ 1.6 billion) in FY2013. Consolidated profit after tax increased by 9% to Rs 2,724 crore (US$ 455 million) for Q4-2014 from Rs 2,492 crore (US$ 416 million) for Q4-2013.

Operating review

1 of 5

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs