ICICI Bank Quarter ended September 30, 2014: Net Profit Up by 15%

· 15% year-on-year increase in standalone profit after tax to Rs. 2,709 crore (US $ 439 million) for the quarter ended September 30, 2014 (Q2-2015) from Rs. 2,352 crore (US$ 381 million) for the quarter ended September 30, 2013 (Q2-2014)

· Operating profit increased by 21% to Rs. 4,698 crore (US$ 761 million) for Q2-2015 from Rs. 3,888 crore (US$ 630 million) for  Q2-2014

· 25% year-on-year increase in retail advances at September 30, 2014

· Year-on-year growth of 15% in current and savings account  (CASA) deposits; CASA ratio improved to 43.7% at September 30, 2014

· Net interest margin improved to 3.42% in Q2-2015 compared to 3.31% in Q2-2014

· Total capital adequacy of 17.41% and Tier-1 capital adequacy of 12.75% at September 30, 2014, including profits for the half year ended September 30, 2014

· 14% year-on-year increase in consolidated profit after tax to Rs. 3,065 crore (US$ 496 million) for Q2-2015 from Rs. 2,698 crore (US$ 437 million) for Q2-2014

The Board of Directors of ICICI Bank Limited (NYSE: IBN) at its meeting

held at Mumbai, approved the audited accounts of the Bank for the quarter ended September 30, 2014.

Profit & loss account

· Standalone profit after tax increased by 15% to Rs. 2,709 crore (US$ 439 million) for the quarter ended September 30, 2014 (Q2-2015) from Rs. 2,352 crore (US$ 381 million) for the quarter ended September 30, 2013 (Q2-2014).

· Net interest income increased 15% to Rs. 4,657 crore (US$ 754 million) in Q2-2015 from Rs. 4,044 crore (US$ 655 million) in Q2-2014.

· Non-interest income increased by 26% to Rs. 2,738 crore (US$ 443 million) in Q2-2015 from Rs. 2,166 crore (US$ 351 million) in Q2-2014.

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