Q3 2022 ICICI Bank Ltd Earnings Call Transcript

Jan 22, 2022

Jan 22, 2022 / 12:45PM GMT
Operator

Ladies and gentlemen, good day, and welcome to the ICICI Bank Q3 FY '22 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Sandeep Bakhshi, Managing Director and CEO of ICICI Bank. Thank you, and over to you, sir.

Sandeep Bakhshi - ICICI Bank Limited - MD, CEO & Executive Director

Good evening to all of you, and welcome to the ICICI Bank's earnings call to discuss the results for Q3 of financial year 2022. Joining us today on this call are Vishakha, Anup, Sandeep Batra, Rakesh and Anindya.

We hope that you are safe and in good health. The bank's Ultra Frequency Index comprising several high frequency indicators tracked by our Economic Research Group rose from 110.3 in end October to 117.6 in December, indicating a sustained improvement in economic activity. This was on the back of improvement in indicators such as power demand, rail freight revenues, e-way bill generation and labor force participation.

While there has been a sharp rise in

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