Q1-FY24 · Sandeep Bakhshi
The core operating profit less provisions grew by 38% year-on-year to INR 125.95 billion in this quarter.
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ICICI Bank · tone and specificity signals across the available quarters.
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Q1-FY24 · Anindya Banerjee
We will see the cost of funds continue to increase, I would guess, for the next couple of quarters. By then, the repricing impact should have largely taken place.
Q1-FY24 · Anindya Banerjee
We are quite comfortable with our origination and the quality of the portfolio that we have, as well as the incremental volumes that we are doing.
Q1-FY25 · Sandeep Bakhshi
We continue to operate within our strategic framework to strengthen our franchise, maintaining high standards of governance, deepening coverage, and enhancing delivery capabilities, are focus areas for our risk-calibrated, profitable growth.
Q1-FY25 · Anindya Banerjee
On the recoveries, I think we have, you know, we have been saying for some time that the pace of recoveries will vary and may not continue at the same pace because we were still collecting out of the pool of NPAs that got created in fiscal 2021, fiscal 2022.
Q1-FY25 · Anindya Banerjee
I would expect, you know, that that should be a fair indicator. I don't think that there is anything that should take it up materially, you know, in our business as usual sense.
Q1-FY26 · Sandeep Bakhshi
The profit before tax, excluding treasury, grew by 11.4% year-on-year to INR 156.90 billion in this quarter.
Q1-FY26 · Anindya Banerjee
The net interest margin was 4.34% in this quarter compared to 4.41% in the previous quarter and 4.36% in Q1 of last year.
Q1-FY26 · Anindya Banerjee
I think clearly we can do more on both personal loans and credit cards.
Q2-FY24 · Sandeep Bakhshi
The profit before tax, excluding treasury, grew by 35.7% year-on-year to INR 137.31 billion in this quarter.
Q2-FY24 · Anindya Banerjee
We would continue to expect to see some increase in the cost of deposits on the book, and therefore, some moderation in margins, over the next quarter or so as well.
Q2-FY24 · Anindya Banerjee
As far as our portfolio is concerned, we feel that the trends are quite stable, and the delinquencies and credit costs are well within what we would have expected them to be.
Q2-FY25 · Anindya Banerjee
We would expect margins to be broadly stable in the near term. And then when the rate cut cycle starts, of course, the lead lag will play out on the reverse side, with loans repricing faster than deposits.
Q2-FY25 · Anindya Banerjee
Overall, you know, the unsecured piece, these two products put together are about 14% of the loan book. So, you know, some increase in delinquency or credit costs in these segments has contributed to the, you know, path towards some kind of normalization of credit costs.
Q2-FY25 · Anindya Banerjee
We don't really push the distribution for, you know, that we on this much CA, or this much SA, or this much term. You know, we basically, what we are trying to achieve is that we should, you know, be having good customers, and we should be the, you know, primary banker having a good share of that customer's wallet.
Q2-FY26 · Anindya Banerjee
Our aim is, and what we operate to is the risk-adjusted PPOP, and that has to be done in a framework which is sustainable.
Q2-FY26 · Anindya Banerjee
From here on, our expectation is that margins should be more or less range-bound. We don't expect any major movements either way.
Q2-FY26 · Anindya Banerjee
I think corporate India is very well funded. They have very strong balance sheets, and they have access to many forms of funding.
Q3-FY24 · Sandeep Bakhshi
The profit before tax, excluding treasury, grew by 23.4% year-on-year to INR 135.51 billion in this quarter.
Q3-FY24 · Anindya Banerjee
We have said in the past that we expect the full year margin this year to be at a similar level than last year. And that implies some further margin compression in Q4, but it should be much lower than what we have seen.
Q3-FY24 · Anindya Banerjee
We are not particularly focused on loan growth, so in that sense, we are able to calibrate our pricing decision.
Q3-FY25 · Sandeep Bakhshi
We continue to operate within a strategic framework to strengthen our franchise. Maintaining high standards of governance, deepening coverage, and enhancing delivery capabilities are focus areas for our risk-calibrated profitable growth.
Q3-FY25 · Sandeep Bakhshi
I think overall, we continue to be within sort of the 50 basis points that we have been talking of in previous calls, the reported number for this quarter being 37 basis points.
Q3-FY25 · Sandeep Bakhshi
We don't really pursue any particular type of deposit. I think what we want to achieve is that we should increase our share of business with existing customers and acquire new good customers.
Q3-FY26 · Anindya Banerjee
We will work to bring this portfolio into conformity with the regulatory expectations and thereby minimize both the provisioning and the PSL impact.
Q3-FY26 · Anindya Banerjee
We are not looking at credit card just as a product portfolio in itself, but really as part of an overall customer offering.
Q3-FY26 · Anindya Banerjee
We have three years to go. So on a lighter vein, we hopefully addressed the speculation around October 2026.
Q4-FY24 · Sandeep Bakhshi
We will remain focused on maintaining a strong balance sheet with prudent provisioning and healthy levels of capital.
Q4-FY24 · Anindya Banerjee
We do expect some moderation in the level of cost growth, and even as we continue to invest in the areas that require investment.
Q4-FY24 · Anindya Banerjee
We will still see some increase in deposit costs... but I would expect it to be pretty range-bound from here on for the next few quarters until a rate cut actually happens.
Q4-FY25 · Anindya Banerjee
We are really focused on the risk-adjusted PPOP. Should we want to make tactical calls on pricing, etc., in a particular customer or segment or product for a particular period of time? I think our funding franchise gives us the flexibility to do that.
Q4-FY25 · Anindya Banerjee
On the unsecured side, probably the growth has bottomed out, and we may see some improved growth from here is what we've seen.
Q4-FY25 · Anindya Banerjee
I think that maintaining a certain level of capital is important from a strategic perspective and a market confidence perspective.
Q4-FY26 · Sandeep Bakshi
We continue to operate within the framework of our values to strengthen our franchise. Maintaining high standards of governance, deepening coverage and enhancing delivery capabilities with a focus on simplicity and operational resilience are key drivers for a risk calibrated profitable growth.
Q4-FY26 · Anand
I think the corporate sector is pretty strong and they are well funded with healthy balance sheets and significant resilience I would say.
Q4-FY26 · Anand
We don't at the moment see any cause for concern as such. The other portfolio which is reasonably large now and has grown rapidly over the last few years is the whole business banking portfolio. Again one would have to monitor any potential impact of the external events on that.