The financial institution reported a 23 per cent YoY leap in web curiosity earnings (NII) at Rs 12,236 crore from Rs 9,912 crore in the identical quarter final yr.
Internet curiosity margin (NIM) for the quarter got here in at 3.96 per cent in contrast with 4 per cent within the September quarter and three.67 per cent within the year-ago quarter.
Provisions (excluding provision for tax) for the quarter fell 27 per cent YoY to Rs 2,007 crore from Rs 2,742 crore in the identical interval final yr, the financial institution stated in a submitting to BSE. Provision protection ratio, in the meantime, stood at 79.9 per cent as of December 31, 2021.
Internet NPA ratio declined to 0.85 per cent from 0.99 per cent within the previous quarter, the bottom since March 31, 2014.
The consolidated revenue after tax for the financial institution rose 19 per cent YoY to Rs 6,536 crore from Rs 5,498 crore in the identical quarter final yr.
The financial institution stated its whole period-end deposits crossed Rs 10 lakh crore mark, with whole deposits rising 16 per cent YoY to Rs 10,17,467 crore. Common CASA ratio was 45 per cent within the just lately concluded quarter.
ICICI Financial institution’s non-interest earnings, excluding treasury earnings, rose 25 per cent YoY to Rs 4,899 crore from Rs 3,921 crore. Charge earnings rose 19 per cent YoY to Rs 4,291 crore from Rs 3,601 crore YoY.
Charges from retail, enterprise banking and SME prospects constituted about 76 per cent of whole charges within the December quarter, the financial institution stated within the submitting.
Treasury earnings was Rs 88 crore in contrast with Rs 766 crore (US$ 103 million) within the year-ago quarter. The treasury earnings of final yr included achieve of Rs 329 crore from sale of shares of ICICI Securities.
“The banking and SME franchise continues to develop on the again of digital choices and platforms like InstaBIZ. The worth of monetary transactions on InstaBIZ grew by about 68 per cent in Q3. The worth of transactions from the financial institution’s provide chain platforms was 3.5 occasions the worth of transactions within the year-ago quarter,” the financial institution stated.
It added that the worth of the financial institution’s service provider buying transactions by way of Unified Funds Interface (UPI) was 2.2 occasions the worth of transactions the year-ago quarter and was up 34 per cent sequentially.
The worth of cell banking transactions elevated 50 per cent YoY to Rs 4,55,326 crore. Digital channels like web, cell banking, PoS and others accounted for over 90 per cent of the financial savings account transactions within the first 9 months of FY22.
The financial institution stated it’s the market chief in digital toll collections by way of FASTag, having a market share of 39 per cent by worth in digital toll collections by way of FASTag in Q3, with a 42 per cent. year-on-year development in collections.
Throughout the quarter, there have been web deletions from gross NPAs of Rs 191 crore, excluding write-offs and sale, in comparison with web additions of Rs 96 crore within the September quarter.
The gross NPA additions declined to Rs 4,018 crore from Rs 5,578 crore within the September quarter and Rs 7,231 crore within the June quarter.
“Recoveries and upgrades of NPAs, excluding write-offs and sale, have been Rs 4,209 crore in Q3. The gross NPAs written off in Q3 have been Rs 4,088 crore. Excluding NPAs, the full fund based mostly excellent to all debtors beneath decision as per the varied extant laws/pointers was Rs 9,684 crore,” the financial institution stated.
Subsidiary Prudential Life Insurance coverage reported a revenue after tax of Rs 311 crore in contrast with Rs 306 crore within the year-ago quarter. of ICICI Common reported a revenue of Rs 318 crore in contrast with Rs 314 crore within the year-ago quarter.
“Prior interval numbers should not comparable because of the reflection of the Scheme of Association between ICICI Common and Bharti AXA Common Insurance coverage Firm in present interval numbers,” the financial institution stated.
ICICI Securities, on a consolidated foundation, noticed a 42 per cent YoY leap in revenue at Rs 380 crore in contrast with Rs 267 crore within the year-ago quarter.
Lastly, ICICI Prudential AMC’s revenue stood at Rs 334 crore towards Rs 358 crore YoY.