Performance Review: Nine months ended Dec 31, 2001 AprDec 2001

1
Performance Review Nine months ended Dec 31,
2001 (Apr-Dec 2001)

• January 22, 2002

2
Agenda

• Financial Overview
• Business Highlights
• Merger Update

3
Summary ratios (Indian GAAP)
1. Annualised
4
Business levels
Rs. bn
5
Operating profit
Rs. bn
6
Profit statement
Rs bn
7
Interest spread
Per cent
Spread Yield on interest earning assets minus
cost of interest bearing liabilities Net interest
margin Net interest income as a ratio of average
interest earning assets
8
Operating expenditure
Rs bn
9
Non-performing assets
Rs bn
10
Income statement US GAAP
Rs bn
11
Agenda

• Financial Overview
• Business Highlights
• Merger Update

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Liabilities

• Increase in deposit base from Rs. 175.15 bn at
  September 30, 2001 to Rs. 229.20 bn at December
  31, 2001
• Compared to increase of Rs. 11.37 bn in H1-FY02
• Retail deposits up from Rs. 117.00 bn at Sep 30,
  2001 to Rs. 136.86 bn
• 60 of total deposit base
• Customer accounts up from 4.3 mn to 4.7 mn
• Savings deposits up from Rs. 21.86 bn to Rs.
  23.32 bn

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Channel migration dramatic increase in
non-branch volumes

• Over 50 of transactions through electronic
  channels
• ATMs, call centres and Internet
• The largest ATM network of any bank in India with
  731 ATMs
• Over 1 million Internet banking accounts

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Retail banking cards

• One of the largest incremental issuers of cards
  in India
• Card base of 2.5 mn
• Credit cards 0.5 mn
• Debit cards 0.4 mn
• ATM cards 1.6 mn
• Acquiring business commenced in 3 cities
• Two co-branded cards launched

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Corporate banking

• 149 new corporate relationships in Apr-Dec
• 83 of the portfolio continues to be rated A and
  above
• Total CMS volumes of over Rs. 360 bn in Q3
• Clearing and settlement accounts up from 20 at
  March 31, 2001 to 58 at December 31, 2001

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Agenda

• Financial Overview
• Business Highlights
• Merger Update

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Progress on the merger

• Progress on the merger has been in line with the
  expected timeframe
• Scheme of Amalgamation (the Scheme) has been
  filed with the High Courts at Bombay and
  Ahmedabad
• An Extraordinary General Meeting of ICICI Bank
  shareholders has been convened on January 25,
  2002, and of ICICI shareholders on January 30,
  2002, to consider the Scheme.
• Discussions with RBI on the proposal for the
  merger are in progress
• The Appointed Date for the merger shall be March
  30, 2002, or the date from which RBIs approval
  becomes effective, whichever is later

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Progress on the merger

• Incremental SLR portfolio of Rs. 72.78 bn built
  up in Q3-2001
• Average yield on SLR portfolio for Apr-Dec 2001
  was 9.42 compared to 10.05 for H1-FY02
• Net increase in deposit base Rs. 54.05 bn
• Cost of deposits for Apr-Dec 2001 was 7.28
  compared to 7.39 for H1-FY02

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Thank you