ICICI Bank - Q2FY13 Results - Microsec

ICICI Bank Ltd has announced its Q2FY13 result on 26th October 2012.

The bank's total income increased by 6.73% QoQ and 27.51% YoY to INR5414.20 crores, driven by 34.50% and 17.44% YoY growth in its Net Interest Income (NII) and Other Income respectively. Whereas, Profit After Tax (PAT) increased by 7.77% QoQ and 30.13% YoY to INR1956.11 crores.

During the quarter,. Bank's loans book and total deposits expanded by 17.58% and 14.83% YoY to INR275075.63 and INR281438.20 crores respectively. On the assets quality front, the bank has improved its assets quality. Bank's GNPA and NNPA improved by 60 and 15bps YoY to 3.54% and 0.78% respectively. On the margin front, Net Interest Margin (NIM) stood at 3.00%, improved by 39bps YoY. Moreover the bank is in good position to tame any time liabilities with 78.70% of its Provision Coverage Ratio (PCR), The bank continues to be well capitalized to support its growth trajectory with 18.28% of its Capital Adequacy Ratio (CAR). which is more than double the regulator stipulated norms. The bank has also reduced its expenses, Cost to Income ratio decreased by 84bps QoQ and 355bps YoY to 41.02%.

Source : Equity Bulls

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