Core Insights - Nightfood Holdings Inc. is focused on expanding operations through value-added acquisitions in high-growth categories within the hospitality, food services, and consumer packaged goods sectors [1][2][7] - The company's flagship subsidiary, Nightfood Inc., offers snacks formulated by sleep and nutrition experts to satisfy nighttime cravings while supporting better sleep [3][8] - Nightfood also owns Future Hospitality Ventures Holdings, which operates under the brand roboOp365, providing AI-enabled automation and robotic solutions for hospitality providers [3][8] Corporate Communications Strategy - Nightfood has selected IBN to assist with corporate communications initiatives, leveraging IBN's extensive distribution network of over 5,000 key syndication outlets and social media channels to enhance awareness [1][4][5] - IBN has over 18 years of experience and a collective audience of millions, positioning it to effectively reach investors, journalists, and the general public on behalf of Nightfood [5][9] Market Positioning and Innovation - Nightfood aims to capitalize on explosive market trends and create significant upside potential by leading newly emerging categories and seizing opportunities in transformative markets [2][7] - The company is committed to developing wellness-focused consumer packaged goods to meet the growing demand for healthier options, while also introducing AI-enabled robotics to enhance operational efficiencies [8]

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ICICI Bank Ltd. (IBN) remains well-poised for revenue growth on the back of strong loan balances, digitization efforts, high interest rates and low-cost deposits. However, an elevated expense base and weak asset quality remain headwinds.IBN’s efforts to enhance its digital banking experience for its retail and corporate clients are encouraging. These enable the bank to provide seamless digital services, personalized offerings and value-added features in order to further its cross-sell and up-sell opportunit ...

ICICI Bank Ltd’s (IBN) net income for the fourth quarter of fiscal 2024 (ended Mar 31) was INR 107.1 billion ($1.3 billion), up 17.4% from the prior-year quarter.Results were driven by a rise in net interest income (NII), non-interest income and growth in loans and deposits. The company reported lower provisions during the quarter. However, higher operating expenses were an undermining factor.In fiscal 2024, net income of INR 408.9 billion ($4.9 billion) jumped 28.2% from the prior year.NII & Fee Income Imp ...

Financial Data and Key Metrics Changes - The consolidated profit after tax grew by 25.7% year-on-year to INR 110.53 billion in this quarter [15] - Net interest income increased by 13.4% year-on-year to INR 186.78 billion, with a net interest margin of 4.43% [40] - The total provisions during the quarter were INR 10.5 billion, representing 7.2% of core operating profit [46] Business Line Data and Key Metrics Changes - The retail loan portfolio grew by 21.4% year-on-year and 4.5% sequentially, while the business banking portfolio grew by 31.9% year-on-year [55] - The credit card portfolio grew by 39.5% year-on-year and 11.5% sequentially [33] - The gross NPA additions from the retail, rural, and business banking portfolio were INR 54.82 billion, compared to INR 43.64 billion in the previous quarter [36] Market Data and Key Metrics Changes - The domestic loan portfolio grew by 18.8% year-on-year and 3.8% sequentially [55] - The overseas loan portfolio in U.S. dollar terms increased by 9.8% year-on-year [34] - The net NPA ratio was 0.44% at December 31, 2023, compared to 0.43% at September 30, 2023 [68] Company Strategy and Development Direction - The company focuses on growing risk-calibrated core operating profit through digital offerings and technology [7] - The strategic framework includes strengthening the franchise and expanding technology and digital offerings [65] - The company aims to deliver holistic solutions to customers and grow market share across key segments [58] Management Comments on Operating Environment and Future Outlook - The Indian economy remains resilient, with upward revisions in GDP growth estimates [53] - Management expects credit costs to remain low for the next few quarters, with gradual normalization upwards [31] - The company is focused on maintaining a strong balance sheet with prudent provisioning and healthy levels of capital [70] Other Important Information - The provisioning coverage on NPAs was 80.7% as of December 31, 2023 [47] - The total outstanding loans to NBFCs and HFCs were about 6.8% of advances at December 31, 2023 [13] - The bank's average liquidity coverage ratio for the quarter was about 121% [66] Q&A Session Summary Question: Comments on operating expenses growth - Management noted that non-employee expenses are growing in line with business, while employee expenses growth has slowed down [23][25] Question: Asset quality and slippages in retail banking - Management indicated that slippages are spread across products and are not particularly meaningful relative to the portfolio size [29] Question: Future credit costs outlook - Management suggested that credit costs are expected to remain low, with no imminent spikes anticipated [31] Question: Incremental cost of deposits - Management did not provide specific numbers but indicated that the cost of deposits has increased and may continue to do so [32][62] Question: Competitive intensity in unsecured products - Management acknowledged ongoing competitive intensity in rates and emphasized a disciplined pricing approach [95]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2023 Commission File Number: 001-15002 ICICI Bank Limited (Translation of registrant's name into English) ICICI Bank Towers, Bandra-Kurla Complex Mumbai, India 400 051 (Address of principal executive office) Table of Contents Items: ICICI Bank Limited ICICI Bank Towers Bandra-Kurla Complex Mumbai 400 05 ...

Company Participants Mahrukh Adajania - Nuvama Saurabh Kumar - JPMorgan Chintan Joshi - Bernstein Hardik Shah - Goldman Sachs Kunal Shah - Citigroup Manish Shukla - Axis Capital Sameer Bhise - JM Financial Ashish Sharma - ENAM AMC Param Subramanian - Nomura Sandeep Bakhshi ICICI Bank Limited (NYSE:IBN) Q2 2024 Earnings Call Transcript October 21, 2023 8:00 AM ET Conference Call Participants Ladies and gentlemen, good day, and welcome to the ICICI Bank Q2 FY '24 Earnings Conference Call. [Operator Instructio ...

Financial Performance and Economic Conditions - The company reported a decline in India's GDP by 6.6% in fiscal 2021, followed by growth of 8.7% in fiscal 2022 and 7.2% in fiscal 2023[57]. - The current account deficit was 2.0% of India's gross domestic product in fiscal 2023, up from 1.2% in fiscal 2022, indicating a worsening economic condition[75]. - Foreign portfolio investors experienced net outflows of approximately US$ 16.0 billion in fiscal 2022 and US$ 5.5 billion in fiscal 2023, reflecting increased risk aversion[60]. - The Indian economy is vulnerable to global crude oil price fluctuations, with a significant rise in prices following the Russia-Ukraine conflict impacting the import bill in fiscal 2023[74]. - Economic growth in India is influenced by inflation, interest rates, and external trade, with the Monetary Policy Committee increasing the repo rate by 250 basis points from 4.00% to 6.50% between May 2022 and February 2023[59]. - The increase in inflation and the tightening of monetary policy could adversely affect the profitability of borrowers, leading to higher default rates[62]. - The Indian government’s economic policies significantly influence business conditions, with potential impacts on project execution and corporate investments[83]. Regulatory Environment and Compliance - The company is subject to capital adequacy requirements stipulated by the Reserve Bank of India, including Basel III[47]. - The bank's compliance with regulatory requirements is under increased scrutiny, with potential for adverse legal or regulatory actions[90]. - The Reserve Bank of India has been intensifying scrutiny of Indian banks, imposing larger fines and penalties than historical norms[91]. - The Reserve Bank of India requires banks to lend 40% of adjusted net bank credit to priority sectors, with specific sub-targets for small farmers and weaker sections[102]. - The Reserve Bank of India mandates a minimum liquidity coverage ratio of 100.0% for banks, impacting profitability due to high liquidity holdings[118]. - The Reserve Bank of India has prohibited banks from making dividend payouts from fiscal 2020 profits to conserve capital during the COVID-19 pandemic[114]. - Regulatory changes may impact the amount of capital the Bank is required to hold, affecting growth and strategy execution[113]. Risk Factors - The company faces risks related to a prolonged economic slowdown in India, which could adversely affect its business[57]. - The company has a high concentration of loans to certain customers and sectors, which poses a risk if a substantial portion becomes non-performing[49]. - The company is exposed to fluctuations in foreign exchange rates, which could affect its financial performance[49]. - The company faces risks from its international branches and banking subsidiaries, including exposure to foreign currency loans and local market credit risks[179]. - The company is structurally exposed to interest rate risk due to the Reserve Bank of India's reserve requirements, which necessitate maintaining a large portfolio of fixed income Government of India securities[165]. - The company has experienced delays in the resolution of accounts under the Insolvency and Bankruptcy Code, which could negatively impact the recovery of dues by lenders[162]. - Future health epidemics may disrupt business operations and increase non-performing loans, adversely affecting financial performance[87]. Business Strategy and Growth - The company is exploring merger and acquisition opportunities to drive growth[49]. - The company is expanding its branch network, which may impact growth and profitability if not utilized effectively[53]. - The company is repositioning its international business strategy to focus on the non-resident Indian community and India-linked trade, planning to exit non-India linked exposures at international branches[183]. - The rapid growth in retail, rural, and small business loan portfolios has led to increased risks, including higher non-performing loans in the unsecured retail credit portfolio[184]. - The company has seen an increase in its retail unsecured portfolio and lending to small businesses, which are important growth drivers for the Indian banking system[184]. - The company is partnering with technology firms to offer co-branded credit products, aiming to scale up retail lending volumes[184]. Operational and Management Challenges - The company faces competition from non-banking finance companies in segments like home and vehicle loans, which may increase during periods of banking sector stress[191]. - Increased operational risks are associated with the company's significant growth in retail, small business, and rural lending, as well as its international business[194]. - The operational risk associated with outsourcing functions like collections and loan sourcing exposes the company to potential fraud and operational errors[196]. - The Bank's management team is crucial for its success, and any loss of key personnel may adversely impact its business and financial performance[225]. - The Bank's employee stock unit scheme allows stock units to be issued at Rs. 2.0 per unit, but competition may affect its ability to retain qualified employees[227]. Financial Indicators and Capital Management - The Bank's gross non-performing assets in the priority sector loan portfolio were 2.3% in fiscal 2020, 3.4% in fiscal 2021, 2.7% in fiscal 2022, and 1.9% in fiscal 2023[107]. - The Bank is required to maintain a common equity Tier 1 risk-based capital ratio of 5.5%, with actual ratios at 16.9% as of March 31, 2023[110]. - The Bank's capital ratios as of March 31, 2023 were: Tier 1 risk-based capital ratio of 17.3% and total risk-based capital ratio of 18.1%[110]. - The Bank's contingency provisions stood at Rs. 131.0 billion as of March 31, 2023, including Rs. 56.5 billion made during fiscal 2023[150]. - The Bank's shareholding in ICICI Lombard General Insurance decreased to 48.1% following an all-stock merger, with a deadline to reduce it to 30.0% extended to September 2024[209]. - ICICI Bank held 74.85% of the equity shares of ICICI Securities Limited as of March 31, 2023, with plans to delist and make it a wholly-owned subsidiary[210].

Commission File Number: 001-15002 ICICI Bank Limited (Translation of registrant's name into English) FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month June, 2023 ICICI Bank Towers, Bandra-Kurla Complex Mumbai, India 400 051 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. For ...

FORM 6-K SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 For the month March, 2023 Commission File Number: 001-15002 ICICI Bank Limited (Translation of registrant's name into English) ICICI Bank Towers, Bandra-Kurla Complex Mumbai, India 400 051 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Fo ...