ICICI Financial institution Q3 outcomes: Revenue up 25% YoY to Rs 6,194 crore; NII jumps 23%

New Delhi: Personal lender ICICI Financial institution on Saturday reported a 25 per cent year-on-year (YoY) rise in standalone internet revenue at Rs 6,194 crore for the December quarter as in comparison with revenue of Rs 4,940 crore within the corresponding quarter final yr. Of.

The financial institution reported 23 per cent progress in internet curiosity revenue (NII) to Rs 12,236 crore from Rs 9,912 crore in the identical quarter final yr.

Web curiosity margin (NIM) for the quarter stood at 3.96 per cent, up from 4 per cent within the September quarter and three.67 per cent within the year-ago quarter.

Provisions for the quarter (excluding provision for tax) fell 27 per cent to Rs 2,007 crore from Rs 2,742 crore in the identical interval final yr, the financial institution mentioned in a submitting to the BSE. In the meantime, the availability protection ratio stood at 79.9 per cent as of December 31, 2021.

The online NPA ratio declined to 0.85 per cent from 0.99 per cent within the earlier quarter, the bottom since March 31, 2014.

Consolidated revenue after tax for the financial institution rose 19 per cent to Rs 6,536 crore from Rs 5,498 crore in the identical quarter final yr.

The financial institution mentioned its complete period-end deposits crossed Rs 10 lakh crore, with complete deposits rising 16 per cent to Rs 10,17,467 crore. The typical CASA ratio within the lately ended quarter was 45 per cent.

ICICI Financial institution’s non-interest revenue, excluding treasury revenue, rose 25 per cent to Rs 4,899 crore from Rs 3,921 crore. Charge revenue grew 19 per cent year-on-year to Rs 4,291 crore from Rs 3,601 crore.

The financial institution mentioned within the submitting that the charges for retail, enterprise banking and SME prospects constituted round 76 per cent of the whole charges within the December quarter.

Treasury revenue stood at Rs 88 crore as in comparison with Rs 766 crore (US$ 103 million) within the year-ago quarter. Final yr’s treasury revenue included a revenue of Rs 329 crore from the sale of shares of ICICI Securities.


“The banking and SME franchise continues to develop on the again of digital choices and platforms comparable to Instabiz. The worth of monetary transactions on Instabiz grew by about 68 per cent within the third quarter. The worth of transactions over the year-ago quarter,” the financial institution mentioned.

It mentioned the worth of the financial institution’s service provider acquisition transactions by way of Unified Funds Interface (UPI) was 2.2 occasions the worth of transactions within the year-ago quarter and was up 34 per cent sequentially.

The worth of cell banking transactions grew 50 per cent yearly to Rs 4,55,326 crore. Digital channels like web, cell banking, POS and others contributed greater than 90 per cent of financial savings account transactions within the first 9 months of FY12.

The financial institution mentioned that it’s the market chief in digital toll assortment by way of FASTag, with a market share of 39 per cent by worth in digital toll assortment by way of FASTag in Q3 with 42 per cent. 12 months-on-year improve in collections.

Throughout the quarter, excluding write-offs and gross sales, there was a internet deletion of gross NPAs of Rs 191 crore as in opposition to a internet improve of Rs 96 crore within the September quarter.

Gross NPA additions declined to Rs 4,018 crore from Rs 5,578 crore within the September quarter and Rs 7,231 crore within the June quarter.

“Restoration and up-gradation of NPAs, excluding clearance and sale, stood at Rs 4,209 crore in Q3. Gross NPAs within the third quarter have been Rs 4,088 crore. The overall fund primarily based excellent for all debtors beneath the decision, excluding NPAs, as per varied current guidelines The rules have been Rs 9,684 crore.”

Subsidiary Prudential Life Insurance coverage reported a revenue after tax of Rs 311 crore as in comparison with Rs 306 crore within the year-ago quarter. ICICI Basic reported a revenue of Rs 318 crore as in comparison with Rs 314 crore within the year-ago quarter.

“The numbers for the present interval will not be corresponding to the prior interval numbers as a result of reflection of the plan association between ICICI Basic and Bharti AXA Basic Insurance coverage Firm,” the financial institution mentioned.

On a consolidated foundation, ICICI Securities noticed a revenue of 42 per cent at Rs 380 crore as in comparison with Rs 267 crore within the year-ago quarter.

Lastly, ICICI Prudential AMC’s revenue stood at Rs 334 crore as in opposition to Rs 358 crore year-on-year.

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