ICICI Bank 2015 Annual Report Download - page 98

Management’s Discussion & Analysis
96 Annual Report 2014-2015
The following table sets forth, for the period indicated, the trend in average interest-earning assets and average interest-
bearing liabilities:
` in billion, except percentages
Fiscal 2014 Fiscal 2015 % change
Advances ` 3,144.21 ` 3,579.93 13.9%
Interest-earning investments 1,544.96 1,598.33 3.5
Other interest-earning assets 262.40 298.38 13.7
Total interest-earning assets 4,951.57 5,476.64 10.6
Deposits 2,922.42 3,285.52 12.4
Borrowings11,540.12 1,585.11 2.9
Total interest-bearing liabilities ` 4,462.54 ` 4,870.63 9.1%
1. Borrowings exclude preference share capital.
2. Average investments and average borrowings include average short-term repurchase transactions.
3. Average balances are the averages of daily balances, except averages of the foreign branches which were calculated at RBI reporting
days and at month-end till September 2014. From October 2014, averages of the foreign branches are averages of daily balances.
4. All amounts have been rounded off to the nearest ` 10.0 million.
The average volume of interest-earning assets increased by 10.6% from ` 4,951.57 billion in fiscal 2014 to ` 5,476.64 billion
in fiscal 2015. The increase in average interest-earning assets was primarily on account of an increase in average advances
by ` 435.72 billion and average interest-earning investments by ` 53.37 billion.
Average advances increased by 13.9% from ` 3,144.21 billion in fiscal 2014 to ` 3,579.93 billion in fiscal 2015, on account
of an increase in domestic advances.
Average interest-earning investments increased by 3.5% from ` 1,544.96 billion in fiscal 2014 to ` 1,598.33 billion in fiscal
2015, primarily due to an increase in average SLR investments by 2.9% from ` 964.73 billion in fiscal 2014 to ` 992.42
billion in fiscal 2015. Average non-SLR investments increased by 4.4% from ` 580.23 billion in fiscal 2014 to ` 605.91 billion
in fiscal 2015 primarily due to an increase in PTCs and RIDF & other related investments, offset, in part, by a decrease in
certificates of deposits and bonds & debentures. Interest-earning non-SLR investments primarily include investments in
corporate bonds & debentures, certificates of deposits, commercial paper, RIDF & related investments and investments in
liquid mutual funds.
Average interest-bearing liabilities increased by 9.1% from ` 4,462.54 billion in fiscal 2014 to ` 4,870.63 billion in fiscal 2015
on account of an increase of ` 363.10 billion in average deposits and an increase of ` 44.99 billion in average borrowings.
The ratio of average CASA deposits to average deposits was at 39.5% in fiscal 2015 compared to 39.4% in fiscal 2014.
Non-interest income
The following tables set forth, for the periods indicated, the principal components of non-interest income.
` in billion, except percentages
Particulars Fiscal 2014 Fiscal 2015 % change
Fee income1` 77.58 ` 82.87 6.8%
Income from treasury-related activities 10.17 16.93 66.5
Dividend from subsidiaries 12.96 15.59 20.3
Other income (including lease income)23.57 6.37 78.4
Total non-interest income ` 104.28 ` 121.76 16.8%
1. Includes merchant foreign exchange income and income on customer derivative transactions.
2. Includes exchange gains related to overseas operations.
3. All amounts have been rounded off to the nearest ` 10.0 million.
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 16.8% from ` 104.28 billion
in fiscal 2014 to ` 121.76 billion in fiscal 2015.