ICICI Bank Q4 net up 35 per cent at Rs1,006 crore; revenues down
24 Apr 2010
ICICI Bank Limited today reported a 35 per cent year-on-year increase in its profit after tax at Rs1,006 crore for the quarter ended 31 March 2010 from Rs744 crore in the comparable quarter of the previous year.
For the whole year, net profit increased 7 per cent to Rs4,025 crore from Rs3,758 crore in the year ended 31 March 2009.
Consolidated profit after tax stood at Rs4,670 crore during the year, a 31 per cent increase from Rs3,577 crore in the year ended 31 March 2009.
The bank's income for the quarter declined to Rs7,717.82 crore from Rs9,203.36 crore in the same period last year.
For the full year, too, income declined to Rs38,184.58 crore from Rs38,696.27 in 2008-09.
During the year, the bank has significantly strengthened its deposit franchise.
This is reflected in the strong growth in savings and current account deposits and increase in the CASA ratio.
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