ICICI Bank 2013 Annual Report Download - page 61

Annual Report 2012-2013 59
Average advances increased by 18.8% from ` 2,316.69 billion in fiscal 2012 to ` 2,751.19 billion in fiscal
2013 primarily on account of increase in domestic corporate and retail advances and overseas corporate
advances.
Average interest-earning investments increased by 6.5% from ` 1,337.46 billion in fiscal 2012 to
` 1,424.90 billion in fiscal 2013, primarily due to an increase in average interest-earning SLR investments
by 6.3% from ` 804.51 billion in fiscal 2012 to ` 855.54 billion in fiscal 2013. Average interest earning non-
SLR investments increased by 6.8% from ` 532.94 billion in fiscal 2012 to ` 569.36 billion in fiscal 2013.
Interest-earning non-SLR investments primarily include investments in corporate bonds and debentures,
certificates of deposits, commercial paper, Rural Infrastructure Development Fund (RIDF) and related
investments and investments in liquid mutual funds.
Average interest-bearing liabilities increased by 13.0% from ` 3,603.51 billion in fiscal 2012 to ` 4,073.47
billion in fiscal 2013 on account of an increase of ` 312.55 billion in average deposits and an increase of
` 157.41 billion in average borrowings. The ratio of average CASA deposits to average deposits was at
38.0% in fiscal 2013 compared to 39.1% in fiscal 2012.
Non-interest income
The following tables set forth, for the periods indicated, the principal components of non-interest income.
` in billion, except percentages
Fiscal 2012 Fiscal 2013 % change
Fee income1` 67.07 ` 69.01 2.9%
Income from treasury-related activities (0.13) 4.95 -
Dividend from subsidiaries 7.36 9.12 23.9
Other income (including lease income) 0.72 0.38 (47.2)
Total non-interest income ` 75.02 ` 83.46 11.3%
1. Includes merchant foreign exchange income and income on customer derivative transactions.
Non-interest income primarily includes fee and commission income, income from treasury-related
activities, dividend from subsidiaries and other income including lease income. The non-interest income
increased by 11.3% from ` 75.02 billion in fiscal 2012 to ` 83.46 billion in fiscal 2013. The increase in non-
interest income was primarily on account of gain from treasury-related activities in fiscal 2013 compared
to a loss in fiscal 2012, and an increase in dividend income from subsidiaries.
Fee income
Fee income primarily includes fees from corporate clients such as loan processing fees and transaction
banking fees and fees from retail customers such as loan processing fees, fees from credit cards business,
account service charges and third party referral fees.
Fee income increased by 2.9% from ` 67.07 billion in fiscal 2012 to ` 69.01 billion in fiscal 2013 primarily
due to an increase in fee income from transaction banking fees, credit card fees, fee income from forex
and derivative products and third party referral fees, offset, in part, by decrease in loan processing fees.
Profit/(loss) on treasury-related activities (net)
Income from treasury-related activities includes income from sale of investments and revaluation of
investments on account of changes in unrealised profit/(loss) in the fixed income, equity and preference
share portfolio, units of venture funds and security receipts.
Profit from treasury-related activities was ` 4.95 billion in fiscal 2013 compared to a loss of ` 0.13 billion
in fiscal 2012. Treasury income for fiscal 2013 primarily included gain on government securities and