ICICI Bank Q3 PAT seen up 13% at Rs 1621 cr

Country's second largest lender ICICI Bank is expected to report a profit-after-tax (PAT) of Rs 1,621 crore in the third quarter of FY12, according to a CNBC-TV18 poll. This translates into an increase of 13% as compared to Rs 1,437 crore in the corresponding quarter of last fiscal.

Net interest income is seen going up by 15% to Rs 2,650 crore from Rs 2,311 crore year-on-year.

Expectations

- Marginal increase in NIMs of 6-8 bps as deposits have stopped re-pricing

- Loan growth likely to be 18-19%

- Fee income to remain moderate at 12%

- Asset quality expected to continue to be stable

- Strong growth in corporate segment over last 2 years may lead to increase in restructured portfolio

- Slippages could remain at 2Q levels of 1.6% of lagged loans (Rs 780 crore)

- KFA not an NPL for ICICI Bank (exposure is around Rs 400 crore)

- Too much of an increase in provisions not expected

- Restructured loans could increase by close to Rs 500 crore
* (Restructured loans as on September: Rs 2500 crore)
* Restructuring pipeline includes GTL (Rs 650 crore) and 3i infotech (Rs 500 crore)