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ICICI Bank conducted a concall on 27 July 2024 to discuss the financial results for the quarter ended June 2024 and prospects of the bank. Sandeep Bakhshi, MD&CEO of the bank addressed the call:
Highlights:
Bank strategic focus continues to be on growing profit before tax excluding treasury through the 360-degree customer centric approach and by serving opportunities across ecosystems and micromarkets.
Total deposits grew by 15.1% yoy and 0.9% qoq end June 2024. Bank’s average liquidity coverage ratio for the quarter was about 123%.
The domestic loan portfolio grew by 15.9% yoy and 3.3% qoq end June 2024. The retail loan portfolio grew by 17.1% yoy and 2.4% qoq. The business banking portfolio grew by 35.6% yoy and 8.9% qoq. The SME portfolio grew by 23.5% yoy and 4.0% qoq. The rural portfolio grew by 16.9% yoy and 3.4% qoq. The domestic corporate portfolio grew by 10.3% yoy and 3.1% qoq.
The net additions to NPAs were higher refl...
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