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ICICI Bank Q4 net up 21% at Rs 2304 cr, proposes 200% dividend

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Press Trust of India Mumbai
ICICI Bank today reported 21 per cent jump in net profit at Rs 2,304.07 crore for the fourth quarter ended March 31.

It had earned a net profit of Rs 1,902 crore in the same period last year, ICICI Bank said in a statement.

Total income of the country's largest private sector bank rose to Rs 12,573.52 crore in January-March quarter as compared to Rs 11,403.10 crore in the same period previous fiscal.

The bank proposed a dividend of 200 per cent, or Rs 20, per share for 2012-2013.

On consolidated basis, the net profit of the bank during the fourth quarter improved by 38 per cent at Rs 2,492 crore against Rs 1,810 crore in the same period of the previous fiscal.
 

For the entire fiscal ended March 31, 2013, the bank's net profit on a standalone basis rose by 29 per cent at Rs 8,325 crore, compared to Rs 6,465 crore in 2011-12.

At the same time, total income increased to Rs 48,421 crore during the year from Rs 41,045 crore in the previous fiscal.

Net Interest Margin (NIM) rose to 3.11 per cent for 2012-13 as compared to 2.73 per cent in the previous fiscal.

On asset quality front, gross non-performing assets (NPAs), as a proportion of advances, declined to 2.68 per cent at the end of March 2013, as against 3.04 per cent in the previous fiscal.

However, net NPAs rose marginally to 0.64 per cent during the year from .062 per cent at the end of March 2012.

ICICI Bank's consolidated profit increased by 26 per cent to Rs 9,604 crore during the fiscal as against Rs 7,643 crore in 2011-12.

Its shares were, however, trading 3 per cent down at Rs 1,141.45 apiece in late afternoon trade on the BSE.

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First Published: Apr 26 2013 | 3:10 PM IST

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