Private lender ICICI Bank on Saturday reported a standalone net profit of ₹4,251 crore for the quarter ending 30 September, 2020.

In the same period it is Rs 655 Crore a year ago

About ICICI Bank

ICICI Bank Limited is an Indian multinational banking and financial services company with its registered office in Vadodara, Gujarat and corporate office in Mumbai, Maharashtra.

It offers a wide range of banking products and financial services in the areas of investment banking, life, non-life insurance, venture capital and asset management.

The bank has a network of 5,275 branches and 15,589 ATMs across India and has a presence in 17 countries.

Net Interest Income

Net interest income (NII) increased by 16% year-on-year to ₹9,366 crore.

Earlier it was Rs 8,057 crore in the same Quarter

Total Deposits

Total deposits grew by 20% year-on-year to ₹8,32,936 crore at September 30, 2020.

The average current and savings account (CASA) deposits grows by 17%

Term deposits grew by 26% year-on-year

Total Loans

Domestic loans grew by 10% year on year and 4% quarter on quarter at September 30, 2020.

Domestic loans grew by 10% year on year and 4% quarter on quarter at September 30, 2020.

Non-Performing Assets

Asset quality improved during the quarter with gross non-performing assets at ₹38,989 crore.

Compare to last year same quarter it was ₹45,638 crore

Non-Performing Assets Ratio

Net non-performing asset (NPA) ratio decreased from 1.23% at June 30, 2020 to 1.00% at September 30, 2020

Mortgage disbursements

Mortgage disbursements during Q2-2021 crossed pre-Covid levels and reached an all-time monthly high in September 2020

Auto Loan disbursements

Auto loan disbursements also continued to increase from June 2020 and have reached pre-Covid levels in September 2020

Credit Card dues

Credit card spends recovered to about 85% of pre Covid levels in September 2020

Bad Loans

The bank added fresh bad loans of ₹3,017 crore.


provisions for bad loans

Total provisions for bad loans and contingencies rose to ₹2,995.27 crore from ₹2,506.87 crore a year ago in same quarter

Covid 19 related provisions

The bank held Covid-19-related provisions of ₹8,772 crore at September 30, 2020.

However the Bank has made an additional Covid-19 related provision amounting to ₹5,550.00 crore during 1st quarter

Contingency Provision

The Bank has made contingency provision of ₹497.30 crore for borrower accounts.

This were not classilied as non-performing pursuant as of interim order of the Supreme Court.


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