AUDITED UNCOSOLIDATED FINANCIAL RESULTS

1. At 30 September 2010, the gross non-performing advances (net of write-off) were Rs. 10,141.16 crore (30 June 2010: Rs. 9,829.03 crore) and the net non-performing advances were Rs. 3,145.23 crore (30 June 2010: Rs. 3,456.18 crore). At 30 September 2010, the percentage of gross non-performing advances (net of write-off) to gross advances (net of write-off) was 5.03% (30 June 2010: 5.14%) and percentage of net non-performing advances to net advances was 1.62% (30 June 2010: 1.87%).
2. At 31 December 2010, the percentage of gross non-performing customer assets to gross customer assets was 3.99% and net non-performing customer assets to net customer assets was 1.16%. Customer assets include advances and credit substitutes.

SUMMARISED UNCONSOLIDATED BALANCE SHEET

(Rs. in crore)

CONSOLIDATED FINANCIAL RESULTS

(Rs. in crore)

UNCONSOLIDATED SEGMENTAL RESULTS OF ICICI BANK LIMITED

(Rs. in crore)

Notes on segmental results:

1. The disclosure on segmental reporting has been prepared in accordance with Reserve Bank of India (RBI) circular no. DBOD.No.BP.BC.81/21.04.018/2006-07 dated 18 April 2007 on guidelines on enhanced disclosures on "Segmental Reporting" which is effective from the reporting period ended 31 March 2008.
2. "Retail Banking" includes exposures which satisfy the four criteria of orientation, product, granularity and low value of individual exposures for retail exposures laid down in Basel Committee on Banking Supervision document "International Convergence of Capital Measurement and Capital Standards: A Revised Framework".
3. "Wholesale Banking" includes all advances to trusts, partnership firms, companies and statutory bodies, which are not included under Retail Banking.
4. "Treasury" includes the entire investment portfolio of the Bank.
5. "Other Banking" includes hire purchase and leasing operations and other items not attributable to any particular business segment.

Note:

1. The financial statements have been prepared in accordance with Accounting Standard (AS) 25 on 'Interim Financial Reporting'.
2. The Bank of Rajasthan Limited (Bank of Rajasthan), a banking company incorporated under the Companies Act, 1956 and licensed by RBI under the Banking Regulation Act, 1949 was amalgamated with ICICI Bank Limited (ICICI Bank) with effect from close of business of 12 August 2010 in terms of the Scheme of Amalgamation (the Scheme) approved by the Reserve Bank of India vide its order DBOD No. PSBD 2603/16.01.128/2010-11 dated 12 August 2010 under sub section (4) of section 44A of the Banking Regulation Act, 1949. The consideration for the amalgamation was 25 equity shares of ICICI Bank of the face value of Rs. 10/- each fully paid-up for every 118 equity shares of Rs. 10/- each of Bank of Rajasthan. Accordingly, ICICI Bank allotted 31,323,951 equity shares to the shareholders of Bank of Rajasthan on 26 August 2010 and 2,860,170 equity shares which were earlier kept in abeyance pending civil appeal, on 25 November 2010.
3. Insurance Regulatory and Development Authority (IRDA) has issued a clarification dated 27 December 2010 stating that the surplus arising on the non-participating policyholders' funds may be recognised in the profit and loss account on a quarterly basis instead of only at financial year-end. Consequent to this clarification, ICICI Prudential Life Insurance Company (ICICI Life) has transferred the surplus on the non-participating policyholders' funds in the profit and loss account during the nine months ended 31 December 2010 (9M-2011). Accordingly, the net profit after tax of ICICI Life of Rs. 512.69 crore for 9M-2011 and Rs. 613.68 crore for the quarter ended 31 December 2010 (Q3-2011) includes Rs. 519.86 crore on account of transfer of surplusfrom non-participating policyholders' funds for 9M-2011. The Bank's consolidated net profit after tax for 9M-2011 and for Q3- 2011 includes Rs. 384.12 crore on account of transfer of surplus from non-participating policyholders' funds for 9M-2011.
4. The provision coverage ratio of the Bank at 31 December 2010, computed as per the RBI circular dated 1 December 2009, is 71.8% (30 September 2010: 69.0%, 30 June 2010: 64.8% and 31 March 2010: 59.5%). The Bank has been permitted by RBI to achieve the stipulated level of 70% in a phased manner by 31 March 2011.
5. During the three months ended 31 December 2010, the Bank has allotted 642,482 equity shares of Rs. 10/- each pursuant to exercise of employee stock options.
6. Status of equity investors' complaints/grievances for the three months ended 31 December 2010:

Opening balance	Additions	Disposals	Closing balance
0	25	25	0

7. Previous period/year figures have been re-grouped or re-classified where necessary to conform to current period classification.
8. The above financial results have been approved by the Board of Directors at its meeting held on 24 January 2011.
9. The above unconsolidated financial results for the three months and the nine months ended 31 December 2010 are audited by the statutory auditors, S.R. Batliboi & Co., Chartered Accountants. The unconsolidated financial results for the year ended 31 March 2010 have been audited by another firm of chartered accountants.
10. Rs. 1 crore = Rs. 10 million.

Place:Mumbai
Date: 24 January 2011

N. S. Kannan
Executive Director and CFO