Financial Statement Analysis of

AGENDA
Timeline of ICICI Bank BODs Report and MDA Significant Accounting Policies Cash Flow Analysis Ratio Analysis Track Announcements

TIMELINE OF ICICI BANK

1994 - Promoted by ICICI Limited 1996 - Appointed KV Kamath as CEO & MD 1998 - Issued public equity shares in India 1999 - Listed in NYSE (First Indian Company) 2001 - Merged with Bank of Madura Ltd 2010 - Merged with The Bank of Rajasthan Ltd

BODS REPORT AND MDA

RBI introduced Base Rate System I-Base was at 9.25% p.a on May 7th 2011 Banks paid interest to Savings Bank Account on daily average basis at 4% RBI increased repo and reverse repo to 6.75% and 5.75% from 5% and 3.5% respectively

BODS REPORT AND MDA

ICICI Bank issued 25 equity shares of ICICI Bank for every 118 equity shares of The Bank of Rajasthan Ltd RBI imposed a regulatory ceiling on Loan to Value Ratio at 80% for housing loans Non interest expenses increased to Rs.66.17 billion from Rs.58.6 billion due to increase in employee expenses

BODS REPORT AND MDA

ICICI bank decreased provisions and contingencies from 43.87 billion to 22.87 billion Total advances increased to 2163.66 billion from 1,812.06 billion due to increase in Domestic corporate loans Overseas corporate loans Loans taken over from Bank of Rajasthan

SIGNIFICANT ACCOUNTING POLICIES

SCHEDULE 17
ITEM
PURCHASE AND SALE OF INVESTMENTS GOVERNMENT SECURITIES DEPRECIATION BULLION BUSINESS

METHOD FOLLOWED
TRADE DATE

SETTLEMENT DATE
STRAIGHT LINE CONSIGNMENT

CASH FLOW ANALYSIS

From operating activities: DECREASED
Increase in advances

From investing activities: DECREASED

Increase in purchase of securities

From financing activities: INCREASED

Increase in funds for expanding its business
In Rs. billion ACTIVITIES OPERATING ACTIVITIES INVESTING ACTIVITIES FINANCING ACTIVITIES 2011 (69.08) (21.08) 31.05 2010 18.69 61.5 13.82

RATIO ANALYSIS
2011 Efficiency Ratio Asset Turnover Ratio 59.4% 0.08 2010 54.6% 0.09

LIQUIDITY Current Ratio Quick Ratio PROFIT & LOSS A/C RATIO Interest expended to Interest earned Other Income to Total Income

2011 0.759 0.293 2011 0.652 0.203

2010 0.767 0.355 2010 0.684 0.225

RATIO ANALYSIS
FOR SHAREHOLDERS Earning Per Share Book Value Return on Equity Earnings Retention 2011 45.27 478.31 9.6 69% 2010 36.14 463.01 7.9 66%

Dividend Payout

31%

34%

COVERAGE RATIO Interest Coverage

2011 1.53

2010 1.55

RATIO ANALYSIS
CASA TO TOTAL DEPOSITS ICICI BANK AXIS BANK HDFC BANK NET INTEREST INCOME* ICICI BANK AXIS BANK 2011 45.1 41.09 51 2011 90.17 65.63 105.43 2011 2.6 3.65 4.2 2010 41.7 46.73 51 2010 81.14 50.04 83.86 2010 2.5 3.75 4.4

HDFC BANK

NET INTEREST MARGIN ICICI BANK AXIS BANK HDFC BANK

* In Rs. billion

Performance of ICICI with SENSEX

120.00

100.00

80.00

Axis Title

60.00

ICICI SENSEX

40.00

20.00

0.00 1 3 5 7 9 11 13 15 17 19 21 23 25 27 29 31 33 35 37 39 41 43 45 47 49 51 53 55 57 59 61 63 65 67 69

TRACK ANNOUNCEMENTS
DATE 29th July 2011 11th August 2011 7th October 2011 28th October 2011 PERCENTAGE CHANGE IN PRICE + 1.985 - 2.2 + 5.822 + 7.014 NEWS Q1 net profit was increased by 30% Base Rate was increased from 9.5% to 10% Moody reaffirms ICICI rating calling it as robust RBI paused the hike of interest rates

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