Item 4
ICICI Limited
Interim audited results of ICICI Bank Limited (subsidiary of ICICI Limited) for
the half year ended December 31, 1999 as per Indian GAAP.
(Rupees in crores)
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Sr. Particulars Third quarter ended Nine-month period ended Year ended
No. March 31, 1999
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Dec. 31, Dec. 31, Dec. 31, Dec. 31,
1999 1998 1999 1998
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1. Interest Income 205.50 143.57 593.08 377.73 544.05
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2. Other Income 49.15 26.19 104.14 66.67 89.03
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3. Total Income 254.65 169.76 697.22 444.40 633.08
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4. Interest Expenditure 164.70 115.33 480.78 296.93 425.51
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5. Other Expenditure 28.15 16.82 71.48 43.60 65.44
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6. Total Expenditure 192.85 132.15 552.26 340.53 490.95
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7. Gross Profit before
depreciation, provisions and
contingencies 61.80 37.61 144.96 103.87 142.13
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8. Depreciation on fixed assets 5.29 4.45 14.34 12.63 17.53
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9. Profit before provisions and
contingencies 56.51 33.16 130.62 91.24 124.60
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10. Provisions and contingencies 28.25 19.12 58.26 47.14 61.24
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11. Net Profit 28.26 14.04 72.36 44.10 63.36
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12. Paid up Equity Share Capital 165.00 165.00 165.00 165.00 165.00
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13. Reserves (excluding
Revaluation Reserves) 215.69 145.85 215.69 145.85 143.33
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14. Total deposits 8,500.17 4,642.32 8,500.17 4,642.32 6,072.94
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15. Total advances 2,944.48 1,668.15 2,944.48 1,668.15 2,110.12
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16. Credit-like corporate debt
instruments 1,113.44 1,012.07 1,113.44 1,012.07 1,277.48
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NOTES :
1. Depreciation on Investments and Provision on bad debts have been made as
per Reserve Bank of India guidelines.
2. The Bank had ensured that all critical technological items in use
including servers, desktops, office automation applications, network
equipments, etc., were Y2K ready. The Bank did not face any Y2K related
problems during the transition to January 1, 2000.
3. The above results have been taken on record by the Board of Directors of
the Bank at its meeting held on January 19, 2000.
January 19, 2000
END