Performance Review:Q1-2012

July 29, 2011

2

Certain statements in these slides are forward-looking statements. These statements are based on management's current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from those included in these statements due to a variety of factors. More information about these factors is contained in ICICI Bank's filings with the US Securities and Exchange Commission.

All financial and other information in these slides, other than financial and other information for specific subsidiaries where specifically mentioned, is on an unconsolidated basis for ICICI Bank Limited only unless specifically stated to be on a consolidated basis for ICICI Bank Limited and its subsidiaries. Please also refer to the statement of unconsolidated, consolidated and segmental results required by Indian regulations that has, along with these slides, been filed with the stock exchanges in India where ICICI Bank’s equity shares are listed and with the New York Stock Exchange and the US Securities and Exchange Commission, and is available on our website www.icicibank.com

3

Overview

4

Q1-2012: Profitability highlights

29.8% increase in profit after tax from ` 10.26 bn in Q1-2011 to ` 13.32 bn in Q1-2012

Net interest income increased by 21.1% year-on-year; net interest margin at 2.6%

11.7% increase in fee income year-on-year

43.1% reduction in provisions

52.8% increase in consolidated profit after tax from ` 10.91 bn in Q1-2011 to ` 16.67 bn in Q1-2012

5

Other highlights

Average CASA ratio at 40.0% in Q1-2012; CASA ratio at 41.9% at June 30, 2011

Net NPA ratio decreased to 0.91% at June 30, 2011 from 0.94% at March 31, 2011 (June 30, 2010: 1.62%)

Provisioning coverage ratio increased to 76.9% at June 30, 2011 from 76.0% at March 31, 2011

6

Unconsolidated financials

7

Profit & loss statement

(2.15)-(0.25)(1.96)1.04- Treasury income

90.482.1%22.3423.0521.88Operating profit

0.79(45.5)%0.120.120.22Lease depreciation

1.57

63.81

156.65

4.44

64.19

66.48

90.17

FY2011

0.45

17.89

41.51

0.46

17.91

16.41

25.10

Q4-2011

0.34

17.74

40.54

0.90

15.78

16.43

24.11

Q1-2012

0.36

14.25

36.71

1.63

14.13

16.80

19.91

Q1-2011

(5.6)%

24.5%

10.4%

(44.8)%

11.7%

(2.2)%

21.1%

Q1-0-Q1 Growth

Total income

DMA expenses

Operating expenses

- Other income

- Fee income

Non-interest income

Net interest income

(` billion)

8

Profit & loss statement

51.5129.8%13.3214.5210.26Profit after tax

16.10

67.61

22.87

90.48

FY2011

4.69

19.21

3.84

23.05

Q4-2011

4.48

17.80

4.54

22.34

Q1-2012

3.64

13.90

7.98

21.88

Q1-2011

23.1%

28.1%

(43.1)%

2.1%

Q1-0-Q1 Growth

Tax

Profit before tax

Provisions

Operating profit

(` billion)

9

Balance sheet: Assets

44.5%149.51150.80103.49- RIDF1 and related

3.3%725.35641.42702.20- SLR investments

2.1%124.53124.53122.00- Equity investment insubsidiaries

3,639.97

216.03

1,843.78

1,275.71

304.45

June 30, 2010

9.4%1,395.561,346.86Investments

4,062.34

210.92

2,163.66

340.90

March 31, 2011

4,152.15

200.72

2,206.93

348.94

June 30, 2011

14.1%

(7.1)%

19.7%

14.6%

Y-o-Y growth

Total assets

Fixed & other assets

Advances

Cash & bank balances

(` billion)

Investment in security receipts of asset reconstruction companies was ` 27.56 bn at June 30, 2011Credit derivative exposure (including off balance sheet exposure) of ` 21.32bn at June 30, 2011 (underlying comprises Indian corporate credits)

Including impact of exchange rate movement1. Rural Infrastructure Development Fund

10

SME4.8%

Rural9.7%

Retail business

group38.7%

Overseas branches

25.5%

Domestic corporate

21.3%

Composition of total loan book

1. Retail business group includes builder loans and dealer funding

March 31, 2011

Total loan book: ` 2,164 bn

June 30, 2011

Total loan book: ` 2,207 bn

Domestic corporate

23.7%

Overseas branches

25.3% Retail business

group37.5%Rural

8.5%

SME5.0%

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11

Composition of retail loan book

1. March 31, 2011 :Vehicle loans includes auto loans 9.2%, commercial business 17.7%

2. June 30, 2011 :Vehicle loans includes auto loans 9.4%, commercial business 16.5%

Vehic le loans26.9%

Home64.4%

Personal loans2.8%

Other secured

2.5%

Cred i t cards3.3%

March 31, 2011

Total retail loan book: ` 837 bn

1

Total retail loan book: ` 827 bn

June 30, 2011

Vehic le loans25.9%

Home66.0%

Personal loans2.4%

Other secured

2.5%

Cred i t cards3.2%

2

12

Equity investment in subsidiaries

124.53

0.14

0.05

0.61

1.87

1.58

3.00

13.48

11.12

23.25

33.50

35.93

March 31, 2011

122.00

0.14

0.05

0.61

1.87

1.58

3.00

10.96

11.12

23.25

33.50

35.93

June 30, 2010

11.12ICICI Home Finance

23.25ICICI Bank UK

0.61ICICI AMC

33.50ICICI Bank Canada

3.00ICICI Bank Eurasia LLC

13.48ICICI Lombard General Insurance

1.58ICICI Securities Primary Dealership

0.14Others

124.53

0.05

1.87

35.93

June 30, 2011

Total

ICICI Venture Funds Mgmt

ICICI Securities Limited

ICICI Prudential Life Insurance

(` billion)

13

Balance sheet: Liabilities

18.2%668.58668.69565.46- Savings

6.1%297.77347.78280.72- Current

3,639.97

152.64

949.97

2,009.13

517.07

11.16

528.23

June 30, 2010

4,062.34

159.86

1,095.54

2,256.02

539.39

11.52

550.91

March 31, 2011

4,152.15

140.25

1,140.51

2,306.78

553.09

11.52

564.61

June 30, 2011

14.1%

(8.1)%

20.1%

14.8%

7.0%

3.2%

6.9%

Y-o-Y growth

Borrowings1

Total liabilities

Other liabilities

Deposits

- Reserves

- Equity capital

Net worth

(` billion)

Credit/deposit ratio of 75.5% on the domestic balance sheet at June 30, 2011

Including impact of exchange rate movement

1. Borrowings include preference shares amounting to ` 3.50 bn

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Composition of borrowings

949.97

483.55

15.72

499.27

134.22

316.48

450.70

June 30, 2010

592.75550.48Overseas

200.66192.75- Other borrowings

347.10352.31- Capital instruments1

1,140.51

577.61

15.14

547.76

June 30, 2011

1,095.54

535.38

15.11

545.06

Mar 31, 2011

Total borrowings

- Other borrowings

- Capital instruments

Domestic

Capital instruments constitute 63.4% of domestic borrowings

1. Includes preference share capital ` 3.50 bn

(` billion)

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Capital adequacy (Basel II)

818.82793.17684.45-Off balance sheet

2,656.022,621.812,335.93-On balance sheet

3,414.98

217.50

449.75

667.25

` bn

March 31, 2011

6.37%

13.17%

19.54%

%

6.21%

13.36%

19.57%

%

3,474.84

215.74

464.35

680.09

` bn

June 30, 2011

3,020.37

187.22

422.97

610.19

` bn

June 30, 2010

6.20%

14.00%

20.20%

%

Risk weighted assets

- Tier II

- Tier I

Total Capital

Basel II

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Key ratios

9.69.610.77.9Return on average net worth1, 2

45.1

1.8

44.3

43.3

2.7

478

51.1

1.44

11.5

Q4-2011

1.71.71.6Cost to average assets2

41.9

44.7

39.0

2.6

490

46.5

1.29

12.0

Q1-2012

1.341.15Return on average assets2

45.142.1CASA ratio

40.0

38.7

2.5

474

36.9

8.6

Q1-2011

41.9

41.2

2.6

478

45.3

11.6

FY 2011

Fee to income

Book value (`)

Cost to income

Net interest margin2

Weighted avg EPS (`)2

Return on average net worth1, 2

(Consolidated basis)

(Percent)

1. Based on quarterly average net worth2. Annualised for all interim periods

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Asset quality and provisioning

Gross retail NPLs at ` 63.58 bn and net retail NPLs at ` 11.18 bn at June 30, 2011Net restructured loans of ` 19.66 bn at June 30, 2011Outstanding general provision on standard assets: ` 14.80 bn at June 30, 2011Provisioning coverage ratio of 76.9% at June 30, 2011 computed in accordance with RBI guidelines

(` billion)

0.94%

24.59

76.55

101.14

Mar 31, 2011

1.62%

35.14

64.63

99.77

June 30, 2010

0.91%

23.51

77.11

100.62

June 30, 2011

Net NPA ratio

Net NPAs

Less: Cumulative provisions

Gross NPAs

18

Overseas subsidiaries

19

Loans & advances

57.4%

Asset backed securi ties

2.0%

Other assets & investments

6.0%

Ind ia l inked investments

3.3%

Cash & l iquid securi ties

20.6%Bonds/notes o f financia l

insti tutions10.7%

`

19

Loans & advances

56.4%

Asset backed securi ties

1.9%

Other assets & investments

6.1%

Ind ia l inked investments

4.0%

Cash & l iquid securi ties

21.0%Bonds/notes o f

financ ial insti tutions

10.6%

`

ICICI Bank UK asset profile

1. Includes cash & advances to banks, T Bills and CDs2. Includes India-linked credit derivatives of US$ 14 mn at June 30, 2011 (US$ 98 mn at

March 31, 2011)3. Includes securities re-classified to loans & advances4. Does not include US$ 154 mn of ABS reclassified

as loans & receivables in FY2009

Total assets: USD 6.4 bn

March 31, 2011

14

2

3

Total assets: USD 6.0 bn

June 30, 2011

1

4

2

3

2020

ICICI Bank UK liability profile

Total liabilities: USD 6.4 bn

March 31, 2011

Profit after tax of US$ 5 mn in Q1-2012 as compared to US$ 9 mn in Q1-2011Capital adequacy ratio at 25.4%Proportion of retail term deposits in total deposits at 76% at June 30, 2011

Demand deposi ts

15.3%

Syndicated loans &

interbank borrowings

5.5%

Other l iab i l i ties

5.5%

Term deposi ts50.1%

Net worth10.6%

Long term Debt

13.0%

Total liabilities: USD 6.0 bn

June 30, 2011

Demand deposi ts

15.4%

Syndicated loans &

interbank borrowings

5.9%

Other l iab i l i ties

5.1%

Term deposi ts47.9%

Net worth11.6%

Long term Debt

14.1%

2121

ICICI Bank Canada asset profile

1. Includes cash & advances to banks and government securities

2. Includes India-linked credit derivatives of CAD 29 million at June 30, 2011 (CAD 65 million at March 31, 2011)

3. Based on IFRS, securitised portfolio of CAD 767 million considered as part of federally insured mortgage portfolio

Total assets: CAD 4.5 bn

March 31, 2011

Cash & l iquid securi ties

11.9%

Federal ly insured

mortgage6.9%

Other assets & investments

11.7%

Asset backed securi ties

1.7%

India l inked investments

1.8%

Loans to customers

66.0%

2

1

Total assets: CAD 5.1 bn

June 30, 20113

Cash & liquid securit ies

11.6%

Federally insured

mortgage21.5%

Other assets & investments

10.5%

Asset backed securit ies

1.4%

India linked investments

0.8%

Loans to customers

54.1%

2

1

3

2222

ICICI Bank Canada liability profile

Total liabilities: CAD 5.1 bn

Profit after tax of CAD 12.3 mn in Q1-20122

Capital adequacy ratio at 28.5%2

March 31, 2011

Borrowings1.7%

Net worth21.8%

Demand deposi ts

15.7%

Other l iab i l i ties

2.7% Term deposi ts58.2%

1. As per IFRS, proceeds of CAD 769 million from sale of securitised portfolio considered as part of borrowings

2. As per IFRS

Total liabilities: CAD 4.5 bn

Borrowings16.6%

Net worth19.3%

Demand deposi ts

14.1%

Other l iab i l i ties

1.9%

Term deposi ts48.1%

June 30, 20111

1

2323

ICICI Bank Eurasia asset profile

Total assets: USD 324 mn

1. Includes cash & call placements with banks, balances with central bank and nostro balances

Total borrowings of USD 180 mn at June 30, 2011Capital adequacy of 30.5% at June 30, 2011Net loss of USD 0.3 mn in Q1-2012

March 31, 2011

Other assets & investments

2.3%

Corporate bonds2.0%

Promissory notes9.1%

Cash & cash equivalents

31.2%

Retai l loans17.4%

Loans to corporates &

banks38.0%

1

Loans to corporates &

banks39.0%

Retail loans16.0%

Cash & cash equivalents

38.7%

Promissory notes2.9%

Corporate bonds2.1%

Other assets & investments

1.3%

Total assets: USD 338 mn

June 30, 2011

1

1

24

Domestic subsidiaries

25

ICICI Home Finance

Total assets: ` 86.52 bnProfit after tax of ` 703.8 mn in Q1-2012 compared to ` 572.0 mn in Q1-2011Capital adequacy ratio of 23.9% at June 30, 2011Net NPA ratio: 1.3%At June 30, 2011 : Networth ` 13.63 bn; Deposits ` 16.29 bn and Borrowings ` 51.73 bn

March 31, 2011

Loans 96.1%

Investments and other assets

3.9%

Total assets: ` 81.65 bn

June 30, 2011

Loans 94.8%

Investments and other assets

5.2%

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ICICI Life

4.4511.82Annualised premium equivalent (APE)

8.2414.07New business received premium

674.47595.47Assets Under Management

3.39(1.16)1Statutory profit/(loss)

16.0%19.0%NBP margin

0.712.25New Business Profit (NBP)

18.0719.88Renewal premium

18.9%21.1%Expense ratio2

26.3133.95Total premium

Q1-2012Q1-2011(` billion)

1. Does not include surplus on the non-participating policyholders’ funds of ` 2.35 billion2. Expense ratio: All expenses (including commission) / (Total premium – 90% of Single

Premium)3. On new business retail weighted received premium basis

Continued market leadership in private sector3

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ICICI General

1. Excluding remittances from third party motor pool and including premium on reinsurance accepted

0.400.33PAT

13.0311.18Gross premium1

Q1-2012Q1-2011(` billion)

Continued market leadership in private sector

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Other subsidiaries

0.32

0.11

0.34

0.25

Q1-2011

0.25ICICI Prudential Asset Management

0.10ICICI Securities

0.05

0.23

Q1-2012Profit after tax

ICICI Venture

ICICI Securities Primary Dealership

Consolidated profit after tax increased by 52.8% to ` 16.67 bn in Q1-2012 compared to ` 10.911 bn in Q1-2011Consolidated return on average net worth for Q1-2012 at 12.0% compared to 8.6% in Q1-2011 (11.6% in FY2011)

(` billion)

1. Does not include surplus on the non-participating policyholders’ funds of ` 1.73 bn

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Thank you