ICICI Bank posts 17 per cent rise in Q4 net profit at Rs 10,707cr; declares dividend of Rs 10 per share

ICICI Bank posts 17 per cent rise in Q4 net profit at Rs 10,707cr; declares dividend of Rs 10 per share

Update: 2024-04-27 20:37 ISTMumbai: The country’s second-largest private sector lender ICICI Bank, on Saturday reported a 17.38 per cent increase in net profit to Rs 10,707 crore for the January-March quarter of the financial year 2023-24, compared to the corresponding figure of Rs 9,122 crore in the same quarter a year ago. The bank has recommended a dividend of Rs 10 per share. ICICI Bank recorded an 8 per cent increase in net interest income (NII) at Rs 19,093 crore for the quarter compared to Rs 17,667 crore reported in the same quarter of 2022-23. The bank also recorded an improvement in its asset quality with gross non-performing assets (NPA) dropping to 2.16 per cent of total…
Read More…

Source: https://www.thehansindia.com/amp/business/icici-bank-posts-17-per-cent-rise-in-q4-net-profit-at-rs-10707cr-declares-dividend-of-rs-10-per-share-875203