ICICI Bank Net Profit up by 14 Percent to Rs.11,175 Crore

Chennai, April 28:  Private sector ICICI Bank on Monday said it closed last fiscal logging 14 percent growth in net profit. The company’s board of directors declared a dividend of Rs.5 per equity share having a face value of Rs.2 each.

In a statement, ICICI Bank said its standalone after tax profit for the year ended March 31, 2015 grew by 14 percent to Rs.11,175 crore from Rs.9,810 crore logged during the previous fiscal. The net interest income increased 16 percent to Rs.19,040 crore for the period under review up from Rs.16,475 crore earned during the previous fiscal.

The bank’s non-interest income went up by 17 percent last fiscal to Rs.12,176 crore, while the provisions too went up Rs.3,900 crore last fiscal up from Rs.2,626 crore during the corresponding period of the previous year. According to ICICI Bank, the total advances increased by 14 percent year-on-year to Rs. 387,522 crore at March 31, 2015 from Rs. 338,703 crore at March 31, 2014.

ICICI Bank’s net non-performing assets (NPA) went up to Rs.6,325 crore as at March 31, 2015 from Rs.3,301 crore at the end of corresponding period previous year. According to the bank, its total deposits increased by nine percent year-on-year to ` Rs.361,563 crore at March 31, 2015. (IANS)