1. Performance Review: H1-FY02 October 25, 2001

2. 2 Agenda Financial Overview Business Highlights

3. 3 Summary Ratios (Indian GAAP) 1. Annualised

4. 4 Business levels Rs bn

5. 5 Operating Profit Rs mn

6. 6 Profit Statement Rs mn Profit after tax grows by 87% YoY

7. 7 Interest Spread Spread: Yield on interest earning assets minus cost of interest bearing liabilities Net interest margin: Net interest income as a ratio of average interest earning assets Per cent

8. 8 Non-interest income Rs mn

9. 9 Operating expenditure Rs mn

10. 10 Non-performing assets Rs mn

11. 11 Income Statement: US GAAP Rs mn

12. 12 Agenda Financial Overview Business Highlights

13. 13 Channel Density & Customer base

14. 14 Retail Banking: Highlights Retail deposits up from Rs. 100.1 bn to Rs. 118.0 bn Constitutes 67% of total deposits Number of accounts up from 3.25 mn to 4.3 mn Savings deposits up from Rs. 18.8 bn to Rs. 21.9 bn Number of accounts up from 1.66 mn to 2.19 mn Power pay deposits up from Rs. 9.6 bn to Rs. 14.5 bn Number of accounts up from 630,000 to 1.12 mn Business multiplier up from Rs. 4.4 bn to Rs. 5.80 bn Number of accounts up from 6,400 to 13,900 NRI deposits up from Rs. 14.2 bn to Rs. 17.1 bn Number of accounts up from 84,000 to 113,000

15. 15 Retail Banking: Cards Largest incremental issuer of cards in India Card base of 2.44 mn Credit cards: 410,000 Debit cards: 241,000 ATM cards: 1,786,000 HPCL co-branded card launched Manipal “e-city” Launched smart card in Manipal Around 12,000 students from MAHE institutions covered ATM Screens with Kannada language option Kiosks set up Video teller launched

16. 16 Retail Banking: Enhancing Power Pay Tie-up with India Life and Cross Domain Product offering made more comprehensive Salary processing Salary distribution Tax filing through I-Bank Munshi Potential for earning fee income through profit sharing Loan against Powerpay launched

17. 17 Retail Cross-Selling Initiatives Nine third-party products being sold across 360 branches Relief bond sales at about Rs 800 mn/month Total sales of about Rs. 2 bn Mutual funds sales of over Rs. 1 bn in September Marketing tie-ups for life insurance products launched in 9 cities across 50 branches Lead conversion already at international benchmark 1,400 policies procured from leads generated by us Target of 10,000 policy sales by March 2002

18. 18 ATM and Transaction Growth

19. 19 “Asian Banker Journal” has conferred the “Best Retail Bank in India” award to ICICI Bank in its Survey on ‘Excellence in Retail Banking, 2001’

20. 20 Corporate Banking Number of new corporate relationships: 103 86% of the portfolio continues to be rated A and above Clearing and settlement accounts up from 20 in March to 52 in September Current deposits up from Rs. 15.2 bn to Rs. 17.3 bn Sharp fall in yields as corporates migrate to market created products

21. 21 Thank You