ICICI Bank’s Q1 FY16 Results

icicibankThe Board of Directors of ICICI Bank Limited, at its meeting held at Mumbai today, approved the audited accounts of the Bank for the quarter ended June 30, 2015. The Q1 FY16 highlights are:

 

  • 14% year-on-year increase in consolidated profit after tax to Rs. 3,232 crore (US$ 508 million) for the quarter ended June 30,2015 (Q1-2016) from Rs. 2,832 crore (US$ 445 million) for the quarter ended June 30, 2014 (Q1-2015)
  • 12% year-on-year increase in standalone profit after tax to Rs. 2,976 crore (US$ 468 million) for Q1-2016 from Rs. 2,655 crore (US$ 417 million) for Q1-2015
  • 25% year-on-year growth in retail advances
  • 14% year-on-year growth in savings account deposits; current and savings account (CASA) ratio at 44.1% at June 30, 2015
  • Net interest margin improved to 3.54% in Q1-2016 from 3.40% in Q1-2015
  • Total capital adequacy of 16.75% and Tier-1 capital adequacy of 12.64% on standalone basis at June 30, 2015, including profits for Q1-2016