by Amruth Sundarkumar | Jul 25, 2022 | Banks, India
ICICI Bank reported a 55% YoY increase in consolidated net profits to INR 73.9bn ($930mn) during the quarter ended June. The bank’s total income rose to INR 281.3bn ($3.5bn), up 11.3% YoY. Retail loans, Rural loans, and Business banking loan portfolios grew by...
by Amruth Sundarkumar | Apr 25, 2022 | Banks, India
ICICI Bank reported a 59% YoY increase in standalone net profits to INR 70bn ($926mn) during the previous quarter. Total income of the bank rose to INR 274bn ($3.6bn), up 15% YoY. Provisions (excluding provision for tax) declined by 63% to INR 10.7bn ($141mn) during...
by Amruth Sundarkumar | Oct 26, 2021 | Banks, India
ICICI Bank reported a rise in its 2Q2022 net profits by 32% YoY to INR 55bn ($742mn). The bank’s net interest income (NII) rose 25% YoY to INR 116bn ($1.6bn) and fee income grew 21% YoY to INR 381bn ($513mn). Profits were helped by a 9% reduction in provisions...
by Amruth Sundarkumar | Jul 8, 2021 | Financial Institution Bonds, India
Five top Indian banks – HDFC Bank, SBI, Axis Bank, ICICI Bank and Bank of Baroda (BoB) are expected to raise a combined ~$2bn via offshore AT1s to boost their capital bases as demand for credit increases. ET sources report that Axis and HDFC Bank are likely to...
by bondevalue | Apr 27, 2021 | High Yield Bonds, India
India’s private banking major ICICI Bank reported strong earnings for the quarter ending March 31, 2021. The bank reported a 260% growth in its Q4 stand alone Profit after Tax (PAT) to INR 44.03bn ($602mn) up from INR 12.21bn ($167mn) last year. Highlights of...
