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HomeLatest NewsBusinessICICI Bank Q4 Results: Net Profit Rises 17.4% To Rs 10,708 Crore,...

ICICI Bank Q4 Results: Net Profit Rises 17.4% To Rs 10,708 Crore, NII Up 8.1% – Prime Time News24


ICICI Financial institution has introduced its This fall monetary outcomes. (Consultant Picture)

ICICI Financial institution This fall Outcomes: Its internet NPA ratio declined to 0.42 per cent within the March 2024 quarter, from 0.44 per cent as on December 31, 2023

Personal sector lender ICICI Financial institution on Saturday reported a 17.4 per cent year-on-year bounce in its internet revenue to Rs 10,708 crore for the March 2024 quarter (This fall FY24). Its internet curiosity earnings (NII) throughout January-March 2024 rose 8.1 per cent year-on-year to Rs 19,093 crore, in contrast with Rs 17,667 crore within the year-ago interval.

ICICI Financial institution’s internet NPA ratio declined to 0.42 per cent within the March 2024 quarter, from 0.44 per cent as on December 31, 2023, in line with a BSE submitting.

The board really helpful a dividend of 10 per fairness share of face worth of two every, topic to requisite approvals. The dividend on fairness shares, can be paid/despatched on or after the identical is accredited by the shareholders on the ensuing Annual Basic Assembly (AGM) of the financial institution.

Provisions (excluding provision for tax) had been Rs 718 crore in This fall FY24 in comparison with Rs 1,619 crore in This fall FY23.

The online curiosity margin stood at 4.40 per cent in This fall-2024 in comparison with 4.43 per cent in Q3-2024 and 4.90 per cent in This fall 2023.

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