Analyst Concall
ICICI Bank sees unsecured loan book improving in coming qtrs
This story was originally published at 19:31 IST on 25 January 2025
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MUMBAI – ICICI Bank expects to see some improvement in its unsecured loan book in the coming quarters due to the corrective actions it has taken, the management said in a post-earnings analyst concall on Saturday.
"On the retail side, I would say that on the secured side, the slippages have been quite stable. They will keep going up in absolute terms as the portfolio grows and seasons, but I think our credit experience has been pretty stable. Unsecured, as we have commented in the past, we have seen, as has the whole system, some increase in delinquencies and NPL (non-performing loans) additions over the last maybe six quarters. And we have taken corrective actions on that," the bank's management said.
"But I think, the trend has stabilised, and hopefully as these actions feed through more maybe a couple of quarters down the line, we should start seeing some improvement," the management said.
In Oct-Dec, the retail and rural banking book reported slippages of INR 53.04 billion, which included INR 7.14 billion of Kisan credit card portfolio and the corporate and business banking portfolio saw slippages of INR 7.81 billion. The net additions of the bank in Oct-Dec were INR 26.93 billion.
The bank detailed its Oct-Dec earnings on Saturday. The net profit of the bank rose 14.8% on year to INR 117.9 billion. The net interest income rose 9.1% on year to INR 203.71 billion and the net interest margin moderated to 4.25% in Oct-Dec compared to 4.27% in Jul-Sept.
On Friday, shares of ICICI Bank closed 0.6% higher at INR 1,209.20 on the National Stock Exchange. End
Reported by Kshipra Petkar
Edited by Ashish Shirke
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