Breaking News

RBS First-Half Profit Doubles, Shares Gain as Much as 10% in London
Tweet TWEET

ICICI Bank Announces Performance Review – Quarter and Year Ended March 31, 2013

  ICICI Bank Announces Performance Review – Quarter and Year Ended March 31,
  2013

  *29% year-on-year increase in standalone profit after tax to Rs 8,325 crore
    (US$ 1.5 billion) for the year ended March 31, 2013 (FY2013) from Rs 6,465
    crore (US$ 1.2 billion) for the year ended March 31, 2012 (FY2012)
  *21% year-on-year increase in standalone profit after tax to Rs 2,304 crore
    (US$ 424 million) for the quarter ended March 31, 2013 (Q4-2013) from Rs
    1,902 crore (US$ 350 million) for the quarter ended March 31, 2012
    (Q4-2012)
  *26% year-on-year increase in consolidated profit after tax to Rs 9,604
    crore (US$ 1.8 billion) for FY2013 from Rs 7,643 crore (US$ 1.4 billion)
    for FY2012
  *Consolidated return on equity of 14.7% for FY2013 compared to 13.0% for
    FY2012
  *38 basis points improvement in full year net interest margin to 3.11% for
    FY2013
  *Net non-performing asset ratio at 0.64% at March 31, 2013
  *Strong capital adequacy ratio of 18.74% and Tier-1 capital adequacy of
    12.80%
  *Dividend of Rs 20.00 per share proposed

Business Wire

MUMBAI, India -- April 26, 2013

The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting held
at Mumbai today, approved the audited accounts of the Bank for the year ended
March 31, 2013.

Profit & loss account

  *Standalone profit after tax increased 29% to Rs 8,325 crore (US$ 1.5
    billion) for the year ended March 31, 2013 (FY2013) from Rs 6,465 crore
    (US$ 1.2 billion) for the year ended March 31, 2012 (FY2012).
  *Net interest margin increased by 38 basis points from 2.73% for FY2012 to
    3.11% for FY2013.
  *Return on average assets was 1.66% in FY2013 compared to 1.44% in FY2012.
  *Standalone profit after tax increased 21% to Rs 2,304 crore (US$ 424
    million) for the quarter ended March 31, 2013 (Q4-2013) from Rs 1,902
    crore (US$ 350 million) for the quarter ended March 31, 2012 (Q4-2012).
  *Net interest income increased 22% to Rs 3,803 crore (US$ 700 million) in
    Q4-2013 from Rs 3,105 crore (US$ 572 million) in Q4-2012.
  *Cost-to-income ratio reduced to 40.0% in Q4-2013 from 41.6% in Q4-2012.
  *Provisions were at Rs 460 crore (US$ 85 million) in Q4-2013 compared to Rs
    469 crore (US$ 86 million) in Q4-2012.

Operating review

The Bank has continued with its strategy of pursuing profitable growth. The
Bank has grown its retail disbursements, with mortgage and auto loan
disbursements increasing by about 66% and 22% year-on-year respectively. The
Bank continued to leverage its strong corporate franchise, its international
presence and its branch network in India. During the year, the Bank added 348
branches and 1,475 ATMs to its network. At March 31, 2013, the Bank had 3,100
branches, the largest branch network among private sector banks in the
country. The Bank’s ATM network increased to 10,481 ATMs at March 31, 2013 as
compared to 9,006 at March 31, 2012.

Credit growth

Total advances increased by 14% year-on-year to Rs 290,249 crore (US$ 53.5
billion) at March 31, 2013 from Rs 253,728 crore (US$ 46.7 billion) at March
31, 2012. The year-on-year growth in domestic advances was 18%.

Deposit growth

At March 31, 2013, savings account deposits were Rs 85,651 crore (US$ 15.8
billion) and current account deposits were Rs 36,926 crore (US$ 6.8 billion).
During Q4-2013, savings account deposits increased by Rs 4,188 crore (US$ 771
million) and current account deposits increased by Rs 1,252 crore (US$ 231
million). The Bank’s current and savings account (CASA) ratio improved to
41.9% at March 31, 2013 compared to 40.9% at December 31, 2012. The average
CASA ratio improved to 38.1% during Q4-2013 compared to 37.4% during the
quarter ended December 31, 2012 (Q3-2013).

Capital adequacy

The Bank’s capital adequacy at March 31, 2013 as per Reserve Bank of India’s
guidelines on Basel II norms was 18.74% and Tier-1 capital adequacy was
12.80%, well above RBI’s requirement of total capital adequacy of 9.0% and
Tier-1 capital adequacy of 6.0%.

Asset quality

The Bank’s gross non-performing asset ratio declined to 2.68% at March 31,
2013 from 3.04% at March 31, 2012. The Bank’s net non-performing asset ratio
was 0.64% at March 31, 2013 compared to 0.62% at March 31, 2012. Net
non-performing assets at March 31, 2013 were Rs 2,234 crore (US$ 411 million)
compared to Rs 2,185 crore (US$ 402 million) at December 31, 2012 and Rs 1,894
crore (US$ 349 million) at March 31, 2012. The Bank’s provision coverage ratio
computed in accordance with the RBI guidelines was 76.8% at March 31, 2013.
Net loans to companies whose facilities have been restructured were Rs 5,315
crore (US$ 979 million) at March 31, 2013 compared to Rs 4,562 crore (US$ 840
million) at December 31, 2012 and Rs 4,554 crore (US$ 839 million) at March
31, 2012.

Dividend on equity shares

The Board has recommended a dividend of Rs 20.00 per equity share (equivalent
to US$ 0.74 per ADS) for FY2013. The declaration and payment of dividend is
subject to requisite approvals. The record/book closure dates will be
announced in due course.

Consolidated profits

Consolidated profit after tax increased 26% to Rs 9,604 crore (US$ 1.8
billion) for FY2013 from Rs 7,643 crore (US$ 1.4 billion) for FY2012.
Consolidated profit after tax increased 38% to Rs 2,492 crore (US$ 459
million) for Q4-2013 from Rs 1,810 crore (US$ 333 million) for Q4-2012. The
consolidated return on equity improved from 13.0% in FY2012 to 14.7% in
FY2013.

Insurance subsidiaries

ICICI Prudential Life Insurance Company (ICICI Life) was the largest private
sector life insurer based on new business retail weighted received premium
during FY2013. ICICI Life’s profit after tax for FY2013 was Rs 1,496 crore
(US$ 276 million) compared to Rs 1,384 crore (US$ 255 million) for FY2012.
ICICI Life’s annualised premium equivalent (APE) increased by 13% to Rs 3,532
crore (US$ 651 million) in FY2013 from Rs 3,118 crore (US$ 574 million) in
FY2012. The assets under management at March 31, 2013 were Rs 74,164 crore
(US$ 13.7 billion).

ICICI Lombard General Insurance Company (ICICI General) maintained its
leadership in the private sector during FY2013. The gross premium income of
ICICI General increased by 20% to Rs 6,420 crore (US$ 1.2 billion) in FY2013
from Rs 5,358 crore (US$ 987 million) in FY2012. ICICI General’s profit after
tax for FY2013 was Rs 306 crore (US$ 56 million) compared to a loss of Rs 416
crore (US$ 77 million) for FY2012.

Appointment of non-executive Director

The Board of Directors has appointed Mr. Dileep Choksi as a non-executive
Director. Mr. Dileep Choksi is a leading chartered accountant and has over 35
years of professional experience. He was formerly the Joint Managing Partner
of Deloitte in India. He is presently a non-executive Director of three
subsidiary companies of the Bank – ICICI General, ICICI Prudential Asset
Management Company and ICICI Home Finance Company.

Summary Profit and Loss Statement (as per unconsolidated Indian GAAP accounts)

                                                            Rs crore
                      Q4-2012     FY2012     Q3-2013     Q4-2013     FY2013
Net interest           3,105       10,734     3,499       3,803       13,866
income
Non-interest           2,228       7,502      2,215       2,208       8,346
income
- Fee income           1,728       6,707      1,771       1,775       6,901
- Dividend and         342         808        193         340         950
other income
- Treasury income      158         (13)       251         93          495
Less:                                                             
Operating expense      2,222       7,850      2,261       2,407       9,013
Operating profit       3,111       10,386     3,453       3,604       13,199
Less: Provisions       469         1,583      369         460         1,803
Profit before tax      2,642       8,803      3,084       3,144       11,396
Less: Tax              740         2,338      834         840         3,071
Profit after tax       1,902       6,465      2,250       2,304       8,325

1. Prior period figures have been regrouped/re-arranged where necessary.


Summary Balance Sheet
Rs crore
                                    At
                                     March 31,   December 31,   March 31,
                                      2012          2012             2013
Capital and Liabilities                                            
Capital                               1,153         1,153            1,154
Employee stock options                2             4                4
outstanding
Reserves and surplus                  59,250        65,961           65,548
Deposits                              255,500       286,418          292,614
Borrowings (includes subordinated     140,165       147,149          145,341
debt)^1
Other liabilities                     32,999        26,654           32,134
Total Capital and Liabilities         489,069       527,339          536,795
                                                                  
Assets                                                             
Cash and balances with Reserve        20,461        21,778           19,053
Bank of India
Balances with banks and money at      15,768        19,351           22,365
call and short notice
Investments                           159,560       166,842          171,394
Advances                              253,728       286,766          290,249
Fixed assets                          4,615         4,619            4,647
Other assets                          34,937        27,983           29,087
Total Assets                          489,069       527,339          536,795

1. Borrowings include preference share capital of Rs 350 crore.

2. Prior period figures have been regrouped/re-arranged where necessary.

All financial and other information in this press release, other than
financial and other information for specific subsidiaries where specifically
mentioned, is on an unconsolidated basis for ICICI Bank Limited only unless
specifically stated to be on a consolidated basis for ICICI Bank Limited and
its subsidiaries. Please also refer to the statement of audited
unconsolidated, consolidated and segmental results required by Indian
regulations that has, along with this release, been filed with the stock
exchanges in India where ICICI Bank’s equity shares are listed and with the
New York Stock Exchange and the US Securities Exchange Commission, and is
available on our website www.icicibank.com.

Except for the historical information contained herein, statements in this
release which contain words or phrases such as 'will', ‘expected to’, etc.,
and similar expressions or variations of such expressions may constitute
'forward-looking statements'. These forward-looking statements involve a
number of risks, uncertainties and other factors that could cause actual
results, opportunities and growth potential to differ materially from those
suggested by the forward-looking statements. These risks and uncertainties
include, but are not limited to, the actual growth in demand for banking and
other financial products and services in the countries that we operate or
where a material number of our customers reside, our ability to successfully
implement our strategy, including our use of the Internet and other
technology, our rural expansion, our exploration of merger and acquisition
opportunities, our ability to integrate recent or future mergers or
acquisitions into our operations and manage the risks associated with such
acquisitions to achieve our strategic and financial objectives, our ability to
manage the increased complexity of the risks we face following our rapid
international growth, future levels of impaired loans, our growth and
expansion in domestic and overseas markets, the adequacy of our allowance for
credit and investment losses, technological changes, investment income, our
ability to market new products, cash flow projections, the outcome of any
legal, tax or regulatory proceedings in India and in other jurisdictions we
are or become a party to, the future impact of new accounting standards, our
ability to implement our dividend policy, the impact of changes in banking
regulations and other regulatory changes in India and other jurisdictions on
us, the bond and loan market conditions and availability of liquidity amongst
the investor community in these markets, the nature or level of credit
spreads, interest spreads from time to time, including the possibility of
increasing credit spreads or interest rates, our ability to roll over our
short-term funding sources and our exposure to credit, market and liquidity
risks as well as other risks that are detailed in the reports filed by us with
the United States Securities and Exchange Commission. ICICI Bank undertakes no
obligation to update forward-looking statements to reflect events or
circumstances after the date thereof.

This release does not constitute an offer of securities.

For further press queries please call Sujit Ganguli at 91-22-2653 8525 or
email ganguli.sujit@icicibank.com.

For investor queries please call Rakesh Mookim at 91-22-2653 6114 or email
ir@icicibank.com.

1 crore = 10.0 million

US$ amounts represent convenience translations at US$1= Rs 54.29


ICICI Bank Limited
Registered Office: Landmark, Race Course Circle, Vadodara - 390 007.
Corporate Office: ICICI Bank Towers, Bandra-Kurla Complex, Bandra (East), Mumbai - 400 051.
Web site: http://www.icicibank.com
                                                                                           
UNCONSOLIDATED FINANCIAL RESULTS
(Rs in crore)
Sr.   Particulars                                  Three months ended                              Year ended
no.
                                                   March           December        March           March           March
                                                   31, 2013        31, 2012        31, 2012        31, 2013        31, 2012
                                                 (Audited)       (Audited)       (Unaudited)     (Audited)       (Audited)
1.    Interest earned (a)+(b)+(c)+(d)              10,365.33       10,138.29       9,174.64        40,075.60       33,542.65
      a)     Interest/discount on advances/bills   6,970.69        7,065.80        6,128.18        27,341.11       22,129.89
      b)     Income on investments                 2,820.40        2,742.42        2,615.47        11,009.27       9,684.02
             Interest on balances with Reserve
      c)     Bank of India and other inter-bank    134.29          136.25          127.93          542.98          491.14
             funds
     d)     Others                                439.95          193.82          303.06          1,182.24        1,237.60
2.    Other income                                 2,208.19        2,214.62        2,228.46        8,345.70        7,502.76
3.    TOTAL INCOME (1)+(2)                         12,573.52       12,352.91       11,403.10       48,421.30       41,045.41
4.    Interest expended                            6,562.11        6,639.27        6,069.87        26,209.19       22,808.50
5.    Operating expenses (e)+(f)                   2,407.29        2,261.16        2,221.64        9,012.88        7,850.44
     e)     Employee cost                         999.74          940.64          1,103.10        3,893.29        3,515.28
     f)     Other operating expenses              1,407.55        1,320.52        1,118.54        5,119.59        4,335.16
6.    TOTAL EXPENDITURE (4)+(5)                    8,969.40        8,900.43        8,291.51        35,222.07       30,658.94
     (excluding provisions and contingencies)                                                  0               
7.    OPERATING PROFIT (3)–(6)                     3,604.12        3,452.48        3,111.59        13,199.23       10,386.47
     (Profit before provisions and                                                             0               
      contingencies)
8.    Provisions (other than tax) and              460.02          368.73          469.30          1,802.54        1,583.04
      contingencies
9.    Exceptional items                                                                                        
10.   PROFIT/(LOSS) FROM ORDINARY ACTIVITIES       3,144.10        3,083.75        2,642.29        11,396.69       8,803.43
      BEFORE TAX (7)–(8)–(9)
11.   Tax expense (g)+(h)                          840.03          833.51          740.53          3,071.22        2,338.17
     g)     Current period tax                    842.39          746.91          629.07          3,005.20        2,193.52
     h)     Deferred tax adjustment               (2.36)          86.60           111.46          66.02           144.65
12.   NET PROFIT/(LOSS) FROM ORDINARY ACTIVITIES   2,304.07        2,250.24        1,901.76        8,325.47        6,465.26
      AFTER TAX (10)–(11)
13.   Extraordinary items (net of tax expense)                                                                 
14.   NET PROFIT/(LOSS) FOR THE PERIOD (12)–(13)   2,304.07        2,250.24        1,901.76        8,325.47        6,465.26
15.   Paid-up equity share capital (face value     1,153.64        1,153.36        1,152.77        1,153.64        1,152.77
      Rs 10/- each)
16.   Reserves excluding revaluation reserves      65,547.84       65,961.38       59,250.09       65,547.84       59,250.09
17.   Analytical ratios                                                                                        
     i)     Percentage of shares held by          0.01            0.01                           0.01            
             Government of India
     ii)    Capital adequacy ratio                18.74%          19.53%          18.52%          18.74%          18.52%
     iii)   Earnings per share (EPS)                                                                          
                  Basic EPS before and after
           a)   extraordinary items, net of      19.98           19.51           16.50           72.20           56.11
                  tax expense (not annualised
                  for three months) (in Rs)
                  Diluted EPS before and after
           b)   extraordinary items, net of      19.87           19.42           16.46           71.93           55.95
                  tax expense (not annualised
                  for three months) (in Rs)
18.   NPA Ratio^1                                                                                              
     i)     Gross non-performing advances (net    9,607.75        9,763.39        9,475.33        9,607.75        9,475.33
             of write-off)
     ii)    Net non-performing advances           2,230.56        2,181.53        1,860.84        2,230.56        1,860.84
             % of gross non-performing advances
     iii)   (net of write-off) to gross           3.22%           3.31%           3.62%           3.22%           3.62%
             advances
     iv)    % of net non-performing advances to   0.77%           0.76%           0.73%           0.77%           0.73%
             net advances
19.   Return on assets (annualised)                1.82%           1.80%           1.69%           1.70%           1.50%
20.   Public shareholding                                                                                      
     i)     No. of shares                         1,153,581,715   1,153,303,032   1,152,714,442   1,153,581,715   1,152,714,442
     ii)    Percentage of shareholding            100             100             100             100             100
21.   Promoter and promoter group shareholding                                                                 
     i)     Pledged/encumbered                                                                                
           a)   No. of shares                                                                                
                  Percentage of shares (as a %
           b)   of the total shareholding of                                                                 
                  promoter and promoter group)
                  Percentage of shares (as a %
           c)   of the total share capital of                                                                
                  the Bank)
     ii)    Non-encumbered                                                                                    
           a)   No. of shares                                                                                
                  Percentage of shares (as a %
           b)   of the total shareholding of                                                                 
                  promoter and promoter group)
                  Percentage of shares (as a %
           c)   of the total share capital of                                                                
                  the Bank)
1.    At March 31, 2013, the percentage of gross non-performing customer assets to gross customer assets was 2.68% and net
      non-performing customer assets to net customer assets was 0.64%. Customer assets include advances and credit substitutes.


SUMMARISED UNCONSOLIDATED BALANCE SHEET
(Rs in crore)
Particulars                                                                        At
                                                                                   March           December        March

                                                                                   31, 2013        31, 2012        31, 2012
                                                                                  (Audited)       (Audited)       (Audited)
Capital and Liabilities                                                                                          
Capital                                                                            1,153.64        1,153.36        1,152.77
Employees stock options outstanding                                                4.48            3.95            2.39
Reserves and surplus                                                               65,547.84       65,961.38       59,250.09
Deposits                                                                           292,613.63      286,418.06      255,499.96
Borrowings (includes preference shares and subordinated debt)                      145,341.49      147,149.07      140,164.90
Other liabilities and provisions                                                   32,133.60       26,653.07       32,998.69
Total Capital and Liabilities                                                      536,794.68      527,338.89      489,068.80

Assets
Cash and balances with Reserve Bank of India                                       19,052.73       21,777.62       20,461.30
Balances with banks and money at call and short notice                             22,364.79       19,351.02       15,768.02
Investments                                                                        171,393.60      166,842.01      159,560.04
Advances                                                                           290,249.43      286,765.98      253,727.66
Fixed assets                                                                       4,647.06        4,618.52        4,614.68
Other assets                                                                       29,087.07       27,983.74       34,937.10
Total Assets                                                                       536,794.68      527,338.89      489,068.80


CONSOLIDATED FINANCIAL RESULTS
(Rs in crore)
Sr.   Particulars                                  Three months ended                              Year ended
no.
                                                   March           December        March           March           March

                                                   31, 2013        31, 2012        31, 2012        31, 2013        31, 2012
                                                  (Unaudited)     (Unaudited)     (Unaudited)     (Audited)       (Audited)
1.    Interest earned (a)+(b)+(c)+(d)              11,580.05       11,348.48       10,322.88       44,884.59       37,994.86
      a)     Interest/discount on advances/bills   7,501.77        7,619.68        6,729.36        29,562.46       24,620.12
      b)     Income on investments                 3,429.26        3,328.47        3,090.89        13,318.86       11,376.29
             Interest on balances with Reserve
      c)     Bank of India and other inter-bank    187.15          194.52          180.99          756.63          700.60
             funds
     d)     Others                                461.87          205.81          321.64          1,246.64        1,297.85
2.    Other income                                 8,659.82        7,366.91        8,977.65        29,319.81       28,663.42
3.    TOTAL INCOME (1)+(2)                         20,239.87       18,715.39       19,300.53       74,204.40       66,658.28
4.    Interest expended                            7,054.70        7,152.93        6,613.55        28,285.41       25,013.25
5.    Operating expenses (e)+(f)                   9,062.83        7,389.41        9,710.51        30,207.06       29,552.04
     e)     Employee cost                         1,458.18        1,374.70        1,502.90        5,629.09        5,101.27
     f)     Other operating expenses              7,604.65        6,014.71        8,207.61        24,577.97       24,450.77
6.    TOTAL EXPENDITURE (4)+(5)                    16,117.53       14,542.34       16,324.06       58,492.47       54,565.29
     (excluding provisions and contingencies)                                                                 
7.    OPERATING PROFIT (3)–(6)                     4,122.34        4,173.05        2,976.47        15,711.93       12,092.99
     (Profit before provisions and                                                                            
      contingencies)
8.    Provisions (other than tax) and              547.52          458.05          365.62          2,095.17        1,406.34
      contingencies
9.    Exceptional items                                                                                        
10.   PROFIT/(LOSS) FROM ORDINARY ACTIVITIES       3,574.82        3,715.00        2,610.85        13,616.76       10,686.65
      BEFORE TAX (7)–(8)–(9)
11.   Tax expense (g)+(h)                          967.52          927.75          866.68          3,486.88        2,749.01
     g)     Current period tax                    932.82          849.83          735.67          3,377.26        2,577.29
     h)     Deferred tax adjustment               34.70           77.92           131.01          109.62          171.72
12.   Less: Share of profit/(loss) of minority     115.25          142.64          (66.10)         526.27          294.70
      shareholders
13.   NET PROFIT/(LOSS) FROM ORDINARY ACTIVITIES   2,492.05        2,644.61        1,810.27        9,603.61        7,642.94
      AFTER TAX (10)–(11)-(12)
14.   Extraordinary items (net of tax expense)                                                                 
15.   NET PROFIT/(LOSS) FOR THE PERIOD (13)–(14)   2,492.05        2,644.61        1,810.27        9,603.61        7,642.94
16.   Paid-up equity share capital (face value     1,153.64        1,153.36        1,152.77        1,153.64        1,152.77
      Rs 10/- each)
17.   Analytical ratios                                                                                        
      Basic EPS before and after extraordinary
     items, net of tax expense (not annualised    21.61           22.93           15.71           83.29           66.33
      for three months)(in Rs)
      Diluted EPS before and after extraordinary
     items, net of tax expense (not annualised    21.46           22.79           15.69           82.84           66.06
      for three months)(in Rs)


SUMMARISED CONSOLIDATED BALANCE SHEET
(Rs in crore)
Particulars                                                                        At
                                                                                   March           December        March

                                                                                   31, 2013        31, 2012        31, 2012
                                                                                  (Audited)       (Audited)       (Audited)
Capital and Liabilities                                                                                          
Capital                                                                            1,153.64        1,153.36        1,152.77
Employees stock options outstanding                                                4.48            3.95            2.39
Reserves and surplus                                                               67,604.29       67,941.25       60,121.34
Minority interest                                                                  1,705.76        1,668.91        1,427.73
Deposits                                                                           314,770.53      311,829.90      281,950.47
Borrowings (includes preference shares and subordinated debt)                      172,888.22      174,616.59      161,296.62
Liabilities on policies in force                                                   68,910.54       69,861.10       66,229.46
Other liabilities                                                                  47,784.25       41,413.64       47,106.12
Total Capital and Liabilities                                                      674,821.71      668,488.70      619,286.90

Assets
Cash and balances with Reserve Bank of India                                       19,306.20       21,962.80       20,728.18
Balances with banks and money at call and short notice                             30,064.65       24,359.01       20,428.11
Investments                                                                        255,666.68      252,933.62      239,864.09
Advances                                                                           329,974.13      329,214.76      292,125.42
Fixed assets                                                                       5,473.46        5,430.96        5,431.98
Other assets                                                                       34,336.59       34,587.55       40,709.12
Total Assets                                                                       674,821.71      668,488.70      619,286.90


CONSOLIDATED SEGMENTAL RESULTS
(Rs in crore)
Sr.   Particulars                                  Three months ended                              Year ended
no.
                                                   March           December        March           March           March

                                                   31, 2013        31, 2012        31, 2012        31, 2013        31, 2012
                                                  (Unaudited)     (Unaudited)     (Unaudited)     (Audited)       (Audited)
1.    Segment Revenue                                                                                          
a     Retail Banking                               5,843.40        5,698.63        5,224.15        22,585.63       19,711.27
b     Wholesale Banking                            7,866.42        8,264.85        7,384.22        31,368.76       26,171.31
c     Treasury                                     9,138.36        9,028.69        8,321.86        35,598.15       30,186.85
d     Other Banking                                903.61          656.81          661.67          2,834.62        2,513.86
e     Life Insurance                               5,494.82        4,174.24        5,754.68        17,376.03       17,620.35
f     General Insurance                            1,437.81        1,311.68        1,299.21        5,043.30        4,330.16
g     Others                                       814.45          738.46          768.27          2,996.80        2,969.81
     Total                                        31,498.87       29,873.36       29,414.06       117,803.29      103,503.61
     Less: Inter segment revenue                  11,259.00       11,157.97       10,113.53       43,598.89       36,845.33
     Income from operations                       20,239.87       18,715.39       19,300.53       74,204.40       66,658.28
2.    Segmental Results (Profit before tax and minority interest)                                                  
a     Retail Banking                               269.69          242.49          208.08          954.55          549.99
b     Wholesale Banking                            1,620.48        1,922.76        1,749.78        6,618.86        6,207.73
c     Treasury                                     1,095.26        1,036.56        813.83          3,661.33        2,244.11
d     Other Banking                                255.01          100.70          134.62          641.01          392.82
e     Life Insurance                               371.94          411.90          336.08          1,569.65        1,413.72
f     General Insurance                            32.56           84.29           (591.81)        281.68          (395.21)
g     Others                                       233.50          198.60          179.42          781.73          810.86
     Total segment results                        3,878.44        3,997.30        2,830.00        14,508.81       11,224.02
     Less: Inter segment adjustment               303.62          282.30          219.15          892.05          537.37
     Unallocated expenses                                                                                     
     Profit before tax and minority interest      3,574.82        3,715.00        2,610.85        13,616.76       10,686.65
      Capital employed
3.                                                                                                              
      (i.e. Segment assets – Segment liabilities)
a     Retail Banking                               (131,343.72)    (124,172.15)    (106,850.82)    (131,343.72)    (106,850.82)
b     Wholesale Banking                            119,763.46      123,905.41      106,384.77      119,763.46      106,384.77
c     Treasury                                     54,106.66       43,133.03       37,956.49       54,106.66       37,956.49
d     Other Banking                                11,178.40       11,689.50       10,098.65       11,178.40       10,098.65
e     Life Insurance                               4,144.06        4,049.18        3,445.25        4,144.06        3,445.25
f     General Insurance                            1,562.35        1,597.73        1,319.51        1,562.35        1,319.51
g     Others                                       2,483.30        2,482.50        2,301.59        2,483.30        2,301.59
h     Unallocated                                  6,867.90        6,413.36        6,621.06        6,867.90        6,621.06
     Total                                        68,762.41       69,098.56       61,276.50       68,762.41       61,276.50
                                                                                                                   

Notes on segmental results:

1.The disclosure on segmental reporting has been prepared in accordance with
    Reserve Bank of India (RBI) circular no.
    DBOD.No.BP.BC.81/21.04.018/2006-07 dated April 18, 2007 on guidelines on
    enhanced disclosures on "Segmental Reporting" which is effective from the
    reporting period ended March 31, 2008.
2."Retail Banking" includes exposures of ICICI Bank Limited ("the Bank")
    which satisfy the four criteria of orientation, product, granularity and
    low value of individual exposures for retail exposures laid down in Basel
    committee on Banking Supervision document "International Convergence of
    Capital Measurement and Capital Standards: A Revised Framework".
3."Wholesale Banking" includes all advances to trusts, partnership firms,
    companies and statutory bodies by the Bank, which are not included under
    Retail Banking.
4."Treasury" includes the entire investment and derivative portfolio of the
    Bank, ICICI Eco-net Internet and Technology Fund, ICICI Equity Fund, ICICI
    Emerging Sectors Fund, ICICI Strategic Investments Fund and ICICI Venture
    Value Fund.
5."Other Banking" includes leasing operations and other items not
    attributable to any particular business segment of the Bank. Further, it
    includes the Bank's banking subsidiaries i.e. ICICI Bank UK PLC, ICICI
    Bank Canada and ICICI Bank Eurasia LLC.
6."Life Insurance" represents ICICI Prudential Life Insurance Company
    Limited.
7."General Insurance" represents ICICI Lombard General Insurance Company
    Limited.
8."Others" comprises the consolidated entities of the Bank, not covered in
    any of the segments above.

Notes:
   
1.   The above financial results have been approved by the Board of Directors
     at its meeting held on April 26, 2013.
     
     In accordance with IRDA guidelines, ICICI General, together with all
     other general insurance companies participated in the Indian Motor Third
     Party Insurance Pool (‘the Pool’), administered by the General Insurance
     Corporation of India (‘GIC’) covering third party risks of commercial
     vehicles, from April 1, 2007. As per IRDA direction effective March 31,
     2012, the Pool was dismantled on a clean cut basis and general insurance
     companies were required to recognise the Pool liabilities as per loss
     ratios estimated by GAD UK (“GAD Estimates”) with the option to recognise
     the same over a three year period. ICICI General had decided to recognise
     the additional liabilities of the Pool during the year ended March 31,
2.   2012 and therefore, the loss after tax of ICICI General of Rs 416.33
     crore for the year ended March 31, 2012 and Rs 613.28 crore for the three
     months ended March 31, 2012 included impact of additional Pool losses of
     Rs 684.96 crore. The Bank's consolidated net profit after tax for the
     year ended March 31, 2012 and three months ended March 31, 2012 included
     impact of additional Pool losses of Rs 503.03 crore in line with the
     Bank’s shareholding in ICICI General. During the year ended March 31,
     2013, the Appointed Actuary carried out re-assessment of liabilities
     relating to policies underwritten by ICICI General for risks incepted
     between April 1, 2007 and March 31, 2012. Based on the re-assessment,
     ICICI General has recognised additional provision of Rs 101.86 crore
     during the three months and year ended March 31, 2013.
     
     The Bank has presented the mark-to-market (MTM) gain or loss on forex and
     derivative transactions on gross basis. Accordingly, the gross positive
     MTM amounting to Rs 11,323.96 crore and Rs 12,254.23 crore have been
     included in Other assets and gross negative MTM amounting to Rs 10,826.32
3.   crore and Rs 10,743.75 crore have been included in Other liabilities at
     March 31, 2013 and December 31, 2012 respectively. Consequent to the
     change, Other assets and Other liabilities of the Bank have increased by
     Rs 15,421.71 crore at March 31, 2012 and Other assets and Other
     liabilities of the Group have increased by Rs 15,095.48 crore at March
     31, 2012.
     
     During the three months ended March 31, 2013, the Bank has allotted
4.   278,683 equity shares of Rs 10/- each pursuant to exercise of employee
     stock options.
     
5.   Status of equity investors' complaints/grievances for the three months
     ended March 31, 2013:

        Opening balance   Additions   Disposals   Closing
                                                                balance
                2                   31            33            0

      The Board of Directors has recommended a dividend of Rs 20.00 per equity
      share for the year ended March 31, 2013 (previous year dividend of Rs
      16.50 per equity share). The declaration and payment of dividend is
6.   subject to requisite approvals. The Board of Directors has also
      recommended a dividend of Rs 100.00 per preference share on 350
      preference shares of the face value of Rs 1 crore each for the year
      ended March 31, 2013.
      
7.    Previous period/year figures have been re-grouped/re-classified where
      necessary to conform to current period classification.
      
      The above unconsolidated and consolidated financial results for March
8.    31, 2013 and March 31, 2012 are audited by the statutory auditors, S.R.
      Batliboi & Co. LLP, Chartered Accountants.
      
      The amounts for three months ended March 31, 2013 are balancing amounts
9.    between the amounts as per the audited accounts for the year ended March
      31, 2013 and nine months ended December 31, 2012.
      
10.   Rs 1 crore = Rs 10 million.

                                            
Place                                                                              N. S.
:                                                                                  Kannan
Mumbai
Date :                                                                             Executive
April                                                                              Director
26,                                                                                & CFO
2013

Contact:

ICICI Bank Limited
Press queries:
Sujit Ganguli, 91-22-2653 8525
ganguli.sujit@icicibank.com
or
Investor queries:
Rakesh Mookim, 91-22-2653 6114
ir@icicibank.com