The March 2019 (Q4FY19) quarter was a mixed bag for ICICI Bank with PAT seeing downward trend, with improvement in asset quality, loan book, NII, deposits and provisions. The bank saw 4.99% drop on year-on-year (yoy) in its standalone net profit to Rs 969.06 crore. Meanwhile, Net Interest Income (NII)came in at Rs 7,620.06 crore up by 26.54% yoy. On the other hand, GNPA improved at 6.70% in Q4FY19 versus 7.75% in Q3FY19 and 8.84% in Q4FY18. Net interest margin was at 3.72% in Q4-2019. 

But here's how ICICI Bank's FY19 year was:

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FY2019 was driven by robust deposit growth, healthy growth in the loan portfolio, expansion in net interest margin and improvement in fee income growth.

Core operating profit (profit before provisions and tax, excluding treasury income) increased by 17% year-on-year to Rs 22,072 crore (US$ 3.2 billion) in FY2019 from ₹ 18,940 crore (US$ 2.7 billion) in FY2018.

Net interest income (NII) increased by 27% year-on-year to Rs 7,620 crore (US$ 1.1 billion) in Q4-2019 from Rs 6,022 crore (US$ 871 million) in the quarter ended March 31, 2018 (Q4-2018). NII in Q4-2019 includes Rs 414 crore (US$ 60 million) of interest on income tax refund.

Net interest margin was 3.72% in Q4-2019 compared to 3.40% in the quarter ended December 31, 2018 (Q3-2019). The impact of interest on income tax refund and interest collection from NPLs on net interest margin was about 25 basis points in Q4-2019 compared to about 18 basis points in Q3-2019.

Standalone profit after tax was Rs 3,363 crore (US$ 486 million) in FY2019 compared to Rs 6,777 crore (US$ 980 million) in FY2018. The profit after tax in FY2018 included gains of Rs 5,332 crore (US$ 771 million) from sale of shareholding in subsidiaries compared to ` 1,110 crore (US$ 161 million) in FY2019.

In a meeting held on Monday, ICICI Bank's board recommended a dividend of Rs  1/- per equity share of face value of Rs 2/- each, subject to requisite approvals.