Annual Report 2021-22
Independent Auditors’ Report –
Financial Statements of ICICI Bank Limited
Independent Auditors’ Report –
Consolidated Financial Statements
Consolidated Financial Statements of
ICICI Bank Limited and its Subsidiaries
Standalone Total Assets
Core Operating Profit*
Profit After Tax*
Net Interest Income*
Net Interest Margin*
Total Capital Adequacy Ratio
*During fiscal 2022; others at March 31, 2022
Current Account (₹ in billion)
Savings Account (₹ in billion)
Term Deposit (₹ in billion)
Total (₹ in billion)
Domestic Corporate & SME
Net Worth (Equity Share Capital, Reserves and Surplus)
(₹ in billion)
Common Equity Tier 1
Net Interest Income (NII) (₹ in billion)
Net Interest Margin (NIM)
Provision coverage ratio (specific provisions as a percentage of gross NPAs)
Net NPA Ratio (based on customer assets)
Core Operating Profit (₹ in billion)
Standalone Net Profit (₹ in billion)
During fiscal 2022, ICICI Bank
stayed committed to its articulated strategy of targeting risk-calibrated growth in core operating profit, while ensuring resilience against potential risks and being well-poised to capitalise on market opportunities.
We aim to be the trusted financial services provider of choice for our customers and deliver sustainable returns to our shareholders.
The strong recovery in the economy is encouraging
corporates to enhance capacity.
Our digital platforms and usage of analytics and behavioural
sciences underpin our banking solutions.
Our employees continued to show exceptional commitment to serving customers in this phase of transition to the new normal.
* Will be inducted from date of RBI approval of his appointment.
The Bank’s objective is to grow the core operating profit in a risk-calibrated manner, based on the principles of ‘Fair to Customer, Fair to Bank’ and ‘One Bank, One ROE’.
The Bank’s philosophy of ‘Fair to Customer, Fair to Bank’ emphasises the need to deliver fair value to customers, including selling products and offer services which meet societal needs and are in the interest of customers.
ICICI Bank recognises the importance of establishing effective frameworks and supporting processes that encourage employees to exhibit the desired ethos of the Bank.
The Bank aims to continuously evaluate the various risks impacting its business, and develop strategies to monitor and manage these risks, while meeting the objective of risk-calibrated growth and long-term sustainability.
As a financial intermediary, the Bank is exposed to various risks, primarily credit risk, market risk, liquidity risk operational risk, technology risk, cyber risk, compliance risk, legal risk and reputation risk.
The Bank has invested in training its employees and enhancing their ability to comprehensively serve customers.
The Bank continuously endeavours to understand the concerns and opinions expressed by stakeholders and respond to them promptly.
The Bank has been making efforts in these areas
through various initiatives. In fiscal 2022, a consulting firm was appointed to review the ESG practices at the Bank, and recommend steps to strengthen the same.
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