ICICI Bank 2003 Annual Report Download - page 62

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Management’s Discussion & Analysis
60
ASSET QUALITY AND COMPOSITION
Loan Portfolio
ICICI Bank follows a strategy of building a diversified and de-risked asset portfolio and limiting or correcting
concentrations in particular sectors.
ICICI Bank limits its exposure to any particular industry to 15.0% of its total exposure. The following table sets
forth ICICI Bank’s industry-wise exposure at March 31, 2002 and at March 31, 2003.
Rs. billion, except percentages
March 31, March 31,
2002 2003
Industry % of total % of total Exposure1
Retail .................................................................. 7.9 22.8 191.32
Power ................................................................ 11.2 10.1 85.01
Iron & steel ........................................................ 11.1 9.6 80.42
Services ............................................................. 9.3 8.5 71.61
Telecommunications ......................................... 5.1 5.2 44.03
Textiles ............................................................... 6.2 4.9 41.06
Crude petroleum & refining .............................. 5.4 4.1 34.11
Engineering ....................................................... 3.5 3.4 28.93
Electronics ......................................................... 2.9 2.7 22.41
Metal & metal products ................................... 2.5 2.4 20.04
Cement .............................................................. 2.8 2.3 19.31
Petrochemicals .................................................. 1.2 2.1 17.83
Roads, ports & railways ................................... 1.4 1.9 16.28
Chemicals .......................................................... 2.5 1.7 13.96
Automobiles ...................................................... 2.3 1.6 13.50
Fertilisers ........................................................... 1.3 1.6 13.08
Paper & paper products ................................... 2.2 1.5 12.56
Food processing ............................................... 1.4 1.4 11.83
Man-made fibres ............................................... 1.5 1.4 11.52
Hotels ................................................................ 1.6 1.2 10.10
Sugar ................................................................. 1.1 1.0 8.60
Plastics .............................................................. 1.4 1.0 8.57
Shipping ............................................................ 1.0 0.8 6.98
Non-banking finance companies ..................... 1.3 0.7 5.92
Drugs & pharmaceuticals ................................. 1.2 0.7 5.53
Rubber & rubber products ............................... 0.5 0.3 2.91
Mining ............................................................... 1.1 0.3 2.62
Other infrastructure .......................................... 0.3 0.2 1.87
Miscellaneous ................................................... 8.8 4.6 38.68
Total ................................................................... 100.0 100.0 840.59
1 Includes principal outstanding, charges and non-fund-based exposures at 50%.