ICICI Bank Q4 PAT seen up 22% at Rs 1,768 cr

ICICI Bank, country's largest private sector lender is expected to report a massive growth of 22% year-on-year in its profit after tax of Rs 1,768 crore for the fourth quarter of FY12, according to CNBC-TV18.

Net interest income of the bank is likely to grow by 14.5% to Rs 2,876.3 crore in the January-March quarter of 2012 versus Rs 2,509.7 crore in a year ago period.

Margins
-Margins are likely to be maintained QoQ, may possibly inch up
-Stood at 2.7% in Q3

Restructured Assets
-Restructured assets likely to increase
-Management guidance is around Rs 1500 – Rs 1600 crore in Q4
-But is then expected to decline in FY13
-Net restructured loans of Rs 3070 crore as on December 2011
-Last quarter restructuring pipeline included GTL (Rs 650 crore) and 3i infotech (Rs 500 crore)
*******Likely to be accounted for in Q4.
-Kingfisher exposure (Rs 400 crore) is part of the restructured assets as on December 2011
-ICICI Banks’ HCC exposure at Rs 1253 crore (reports)

Non interest income
-Non interest income expected to grow 30% led by positive contribution from trading income - Bank booked Rs 190 crore trading loss in 4Q last year 
-Fee income was weak in first 9 months of FY12 and expected to be weak for Q4

Loan growth
-Loan book is expected to grow 18% driven by higher disbursements in PSL segments

Asset Quality
-Asset quality is expected to remain stable

Interest Rates
-Bank cut base rate/BPLR by 25 bps to 9.75% with effective from April 23, 2012
-Cut deposit rates across various deposit tenors by 25 bps

KFA exposure
-4.56% as on Febuary 18, 2012
-2.9% as on March 2012
-5.3% as on December 2011