Jul 27, 2019 / 11:30AM GMT
Sandeep Bakhshi - ICICI Bank Limited - MD, CEO & Executive Director
Good evening to all of you, and welcome to the ICICI Bank earnings call to discuss the Q1 2020 results. Joining us today on this call are our Executive Directors, Vishakha and Anup; Executive Director Designate, Sandeep Batra; Group Chief Financial Officer, Rakesh; and our Head of Investor Relations, Anindiya.
Our core operating profit increased by 21.2% year-on-year to INR 61.1 billion in Q1 of 2020. The core operating profit, excluding dividend income from subsidiaries, increased by 25.3% year-on-year to INR 59.19 billion in Q1 of 2020.
We continue to see healthy growth in our funding, as we had expected and indicated earlier. The growth in term deposits has outpaced the growth in CASA deposits, reflecting the systemic trends and the growth opportunity on the credit side for well-capitalized banks with strong customer franchises. Total deposits grew by 20.8% year-on-year from INR 5.5 trillion to INR 6.6 trillion as of June 30, 2019. The average CASA deposits increased by 12.3% year-on-year in Q1 of 2020. On the
Q1 2020 ICICI Bank Ltd Earnings Call Transcript
Jul 27, 2019
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