ICICI Bank lost 3.42% to Rs 894.90 at 13:31 IST on BSE as the bank's net non-performing assets surged to Rs 2472 crore as on 30 June 2013, from Rs 2234 crore as on 31 March 2013.
The Q1 result was announced during trading hours today, 31 July 2013.
Meanwhile, the S&P BSE Sensex was down 148.20 points or 0.77% at 19,200.14.
On BSE, 4.45 lakh shares were traded in the counter as against average daily volume of 3.29 lakh shares in the past one quarter.
The stock was volatile. The stock lost as much as 3.27% at the day's low of Rs 892 so far during the day. The stock fell as much as 0.27% at the day's high of Rs 924 so far during the day. The stock had hit a 52-week high of Rs 1,236.90 on 28 May 2013. The stock had hit a 52-week low of Rs 876.50 on 5 September 2012.
The stock had underperformed the market over the past one month till 30 July 2013, sliding 13.39% compared with the Sensex's 0.24% fall. The scrip had also underperformed the market in past one quarter, falling 20.34% as against Sensex's 0.8% slide.
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The large-cap private sector bank has equity capital of Rs 1154.15 crore. Face value per share is Rs 10.
ICICI Bank's net non-performing asset ratio edged up to 0.69% as on 30 June 2013, from 0.64% as on 31 March 2013.
The bank's provision coverage ratio, computed in accordance with the RBI guidelines was 75.4% as at 30 June 2013. Net loans to companies whose facilities have been restructured were Rs 5915 crore as on 30 June 2013, higher than Rs 5315 crore as on 31 March 2013.
ICICI Bank's net profit surged 25.29% to Rs 2274.21 crore on 12.94% growth in total income to Rs 12904.97 crore in Q1 June 2013 over Q1 June 2012.
ICICI Bank's net interest income (NII) rose 20% to Rs 3820 crore. Net interest margin (NIM) increased by 26 basis points to 3.27%, from 3.01% in Q1 June 2012. The domestic NIM was 3.63% in Q1 June 2013. Non interest income grew 32% to Rs 2484 crore.
The bank's capital adequacy ratio (CAR) as per Basel II norms stood at 18.35% as on 30 June 2013, as against 18.74% as on 31 March 2013 and 18.54% as on 30 June 2012. CAR as per Basel III norms stood at 17.04% as on 30 June 2013.
Total advances increased by 12% year on year (YoY) to Rs 301370 crore as on 30 June 2013, from Rs 268430 crore as on 30 June 2012. The YoY growth in domestic advances was 14%. The bank said it has continued to see healthy growth in its retail disbursements, with mortgage and auto loan disbursements during the quarter increasing by about 36% and 17% respectively YoY. As a result, the outstanding mortgages and auto loan portfolios for the bank have grown by 20% and 21% respectively YoY as on 30 June 2013, ICICI Bank said in a statement.
ICICI Bank said it has witnessed healthy trends in current and savings account (CASA) deposits mobilisation, especially savings deposits. During Q1 June 2013, savings account deposits increased by Rs 3202 crore and current account deposits remained stable. The bank's CASA ratio improved to 43.2% as on 30 June 2013, from 41.9% as on 31 March 2013. The average CASA ratio improved to 39% in Q1 June 2013, from 38.1% in Q4 March 2013.
On consolidated basis, ICICI Bank's net profit jumped 32.3% to Rs 2747.39 crore on 10.28% growth in total income to Rs 18351.85 crore in Q1 June 2013 over Q1 June 2012.
As on 30 June 2013, the ICICI Bank has 3,350 branches, the largest branch network among private sector banks in the country. The bank's ATM network as on 30 June 2013 stood at 10,902 ATMs.
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