ICICI Bank - back to growth, can it sustain ?

Bank maintains NIMs at 2.6 per cent in Q1, advances up 20 per cent.

ICICI Bank is known to do things differently. So, it’s not surprising that when other banks are trimming their loan books sequentially to hold on to profitability, ICICI Bank, India’s largest private sector bank, is growing its books. At the end of the first quarter of FY12, advances increased 20 per cent year-on-year to Rs 2,20,693 crore from Rs 1,84,378 crore in the corresponding period of the previous year. Savings deposits increased 18 per cent to Rs 66,858 crore. While the industry faces a widespread decline in demand deposits, the bank’s Casa ratio at stood at 41.9 per cent in Q1FY12.

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