ICICI Bank Q4 net profit jumps to over Rs 2,024 cr; total income drops to Rs 16,586 cr

New Delhi: Country's largest private sector lender ICICI Bank Wednesday reported manifold jump in standalone net profit to Rs 2,024.64 crore for the quarter ended 31 March.

The bank had made a net profit of Rs 701.89 crore in the January-March quarter of the preceding fiscal 2015-16.

Reuters

Reuters

Total income (standalone) of the bank however, came down to Rs 16,585.76 crore in March quarter, from Rs 18,590.86 crore in preceding fiscal's last quarter, bank said in a regulatory filing.

For the full fiscal 2016-17, bank's net profit was up at Rs 9,801.09 crore, as against Rs 9,726.29 crore.

Its total income during the fiscal was up at Rs 73,660.76 crore as against Rs 68,062.48 crore in 2015-16.

Bank's net non-performing assets (NPAs) or bad loans as at 31 March, 2017 were 4.89 percent of net advances, up from 2.67 percent year ago.

Gross NPAs rose to 7.89 percent as a percentage of gross advances at the end of March, from 5.21 percent year ago.

ICICI Bank said its board of directors at the meeting held today recommended a dividend of Rs 2.50 per share and an issue of bonus shares in the ratio of one equity share to every 10 equity shares.

Stock of the bank closed 1.16 percent down at Rs 272.75 on BSE.


Updated Date: May 03, 2017 19:12 PM

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