The bank announced the results during trading hours today, 27 July 2012.
Meanwhile, the BSE Sensex was up 185.15 points or 1.11% to 16,824.97.
On BSE, 5.61 lakh shares were traded in the counter as against average daily volume of 4.53 lakh shares in the past one quarter.
The stock hit a high of Rs 948.75 and a low of Rs 924.60 so far during the day.
The large-cap stock had outperformed the market over the past one month till 26 July 2012, surging 7.27% compared with the Sensex's 1.58% fall. The scrip had also outperformed the market in past one quarter, jumping 7.77% as against Sensex's 2.87% fall.
ICICI Bank's net interest margin (NIM) improved to 3.01% for Q1 June 2012, from 2.61% for Q1 June 2011.
ICICI Bank's non interest income rose 14% to Rs 1880 crore in Q1 June 2012 over Q1 June 2011.
ICICI Bank's provisions rose 2.64% to Rs 466 crore in Q1 June 2012 over Q1 June 2011. Provisions in Q1 June 2012 include general provisions of Rs 76 crore on standard assets, reflecting the growth in the loan portfolio, the bank said in a statement. The bank's provision coverage ratio was at 80.6% as on 30 June 2012, higher than 76.9% as on 30 June 2011.
The bank's cost-to-income ratio declined to 41.8% in Q1 June 2012 from 44.7% in Q1 June 2012.
ICICI Bank's Capital Adequacy Ratio (CAR) (as per Basel II norms) stood at 18.54% and Tier-I capital adequacy was 12.78% as on 30 June 2012, well above RBI's requirement of total capital adequacy of 9% and Tier-I capital adequacy of 6%, the bank said in a statement.
ICICI Bank's net non-performing assets (NPAs) ratio decreased to 0.61% as on 30 June 2012 from 0.62% as on 31 March 2012.
ICICI Bank's savings account deposits increased by 17% year-on-year to Rs 77923 crore as on 30 June 2012. Current account deposits totaled Rs 30754 crore as on 30 June 2012. The CASA ratio was at 40.6% at 30 June 2012. The average CASA ratio remained stable at 39.1% in Q1 June 2012, ICICI Bank said in a statement.
ICICI Bank's consolidated profit after tax rose 25% to Rs 2077 crore in Q1 June 2012 over Q1 June 2011. The consolidated return on equity improved from 12% in Q1 June 2011 to 13.3% in Q1 June 2012.
ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management. As on 30 June 2012, the bank had 2,755 branches, the largest branch network among private sector banks in the country. The bank had 9,366 ATM's as on 30 June 2012.
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