ICICI Bank rises as ADR jumps

Meanwhile, the BSE Sensex was up 58.56 points, or 0.31%, to 19,201.73.

On BSE, 33,000 shares were traded in the counter as against an average daily volume of 2.41 lakh shares in the past one quarter.

The stock hit a high of Rs 1,109 and a low of Rs 1,096 so far during the day. The stock had hit a 52-week high of Rs 1,231 on 31 January 2013. The stock had hit a 52-week low of Rs 767 on 18 May 2012.

The stock had underperformed the market over the past one month till 5 March 2013, falling 6.31% compared with the Sensex's 2.63% fall. The scrip had also underperformed the market in past one quarter, sliding 2.28% as against Sensex's 1.28% fall.

The large-cap private sector bank has an equity capital of Rs 1,153.43 crore. Face value per share is Rs 10.

ICICI Bank said after market hours Tuesday, 5 March 2013, that it has received aggregate capital repatriation of $100 million from ICICI Bank UK PLC (ICICI Bank UK), its wholly-owned banking subsidiary in the United Kingdom. This comprises redemption of $50 million of preference share capital and return of $50 million of equity capital, after receiving requisite approvals. ICICI Bank UK PLC had a capital adequacy ratio of 31.5% as on 31 December 2012. Post the repatriation, the capital base of ICICI Bank UK is $495 million and its capital adequacy ratio continues to be strong, ICICI Bank said in a statement.

ICICI Bank already has a strong capital adequacy ratio, and the above return of capital would further improve the same and enhance ICICI Bank's ability to optimise capital deployment and return on equity, ICICI Bank said.

ICICI Bank's net profit jumped 30% to Rs 2250 crore in Q3 December 2012 over Q3 December 2011. Net interest income increased 29% to Rs 3499 crore in Q3 December 2012 over Q3 December 2011. Net interest margin improved by 37 basis points to 3.07% in Q3 December 2012 from 2.7% in Q3 December 2011. Non-interest income increased by 17% to Rs 2215 crore in Q3 December 2012 over Q3 December 2011.

At 31 December 2012, ICICI Bank had 2,895 branches, the largest branch network among private sector banks in the country. The Bank has also increased its ATM network to 10,040 ATMs at 31 December 2012 as compared to 7,602 at 31 December 2011.

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