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Yes Securities Report
ICICI Bank Ltd.'s gross non-performing asset additions amounted to Rs 42.04 billion for the quarter, translating to an annualised slippage ratio of 1.9% in Q4 FY2.
Net interest margin at 4.0% was up 4 basis points QoQ, as increase in yield on advances outpaced the increase in cost of funds.
ICICI Bank's advances grew 5.5%/17.1% QoQ/YoY driven by healthy growth in retail, business banking and small and medium enterprise loans.
Total opex de-grew/grew down 0.4%/17.4% QoQ/YoY, employee expenses de-grew/grew down 2.3%/20.9% QoQ/YoY and other expenses rose 0.7%/15.7% QoQ/YoY.
Fee income rose 1.7%/14.4% QoQ/YoY driven by sequential traction across fee income streams.
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