Epic Research

Monday, April 29, 2013

Epic Update : ICICI Bank

Epic Update ICICI BankHealthy growth in balance sheet and profitability helped Q4 PAT
Organic growth healthy at 25 percent (YoY)
Disbursements for auto loans grew by 22 percent (YoY)
Overall loan growth was 14 percent (YoY)
Corporate & international portfolio growth at 18 percent (YoY)
Have seen healthy momentum in CASA deposit
CASA ratio at 41.9 percent Vs 40.9 percent (QoQ)
No money laundering transactions took place
Will look at tightening incentive structure
No impact on fee income growth post Cobrapost expose.

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