Non-public sector lender ICICI Financial institution Saturday reported a 37 per cent bounce in its standalone internet revenue at Rs 7,558 crore within the quarter ended September 2022 as towards Rs 5,511 crore within the year-ago interval.
On a consolidated foundation, the lender’s internet revenue elevated by 31 per cent year-on-year to Rs 8,007 crore from Rs 6,092 crore within the second quarter of FY2022.
Web curiosity revenue (NII), the distinction between curiosity earned and curiosity paid, grew by 26 per cent to Rs 14,787 crore as towards Rs 11,690 crore.
Its internet curiosity margin (NIM) improved to 4.31 per cent from 4 per cent.
Non-interest revenue, excluding treasury revenue, rose 17 per cent to Rs 5,139 crore. Price revenue witnessed a development of 18 per cent year-on-year to Rs 4,480 crore.
The financial institution booked a treasury lack of Rs 85 crore within the September 2022 quarter in comparison with a acquire of Rs 397 crore in the identical interval of the earlier fiscal.
The gross non-performing asset (NPA) ratio declined to three.19 per cent from 4.82 per cent. Web NPA ratio lowered to 0.61 per cent from 0.99 per cent. In the course of the quarter, there have been internet additions of Rs 605 crore to gross NPAs.
Recoveries and upgrades of NPAs, excluding write-offs and sale, stood at Rs 3,761 crore. The lender wrote-off gross NPAs price Rs 1,103 crore.
The provisioning protection ratio on NPAs was 80.6 per cent at September 30, 2022. The financial institution held contingency provisions of Rs 10,000 crore as at September 30, 2022.
On a standalone foundation, whole capital adequacy ratio stood at 18.27 per cent and tier-1 capital adequacy ratio was 17.51 per cent as at September 30, 2022.
Whole advances elevated by 23 per cent year-on-year to Rs 938,563 crore.
The retail mortgage portfolio grew by 25 per cent year-on-year, and comprised 54 per cent of the whole mortgage portfolio at September 30, 2022. The financial institution’s enterprise banking portfolio grew by 43 per cent year-on-year.
Its home company portfolio elevated by 23 per cent year-on-year.
Whole deposits rose 12 per cent year-on-year to Rs 1,090,008 crore. Common present account and financial savings account deposits witnessed a development of 16 per cent.
In a separate submitting to exchanges, the financial institution stated the board has authorized the re-appointed of its managing director and CEO Sandeep Bakhshi for 3 years from October 4, 2023 to October 3, 2026. The present tenure of Bakhshi is upto October 3, 2023.