ICICI Bank Q4 net profits rise marginally to Rs 2652 crores

Business

oi-Sunil

By Sunil Fernandes

Published: Friday, April 25, 2014, 13:22 [IST]

India's largest private sector bank, ICICI Bank reported a net profit of Rs 2652 crores for Q4 2014, as against Rs 2532 crores in the previous quarter.

The net profits were largely in line with estimates. Net Interest Income was placed at Rs 4356 crores for the quarter ending March 31, 2014.

Asset quality which has remained a concern for the banking sector was a mixed picture. Gross non performing assets reduced from 3.05 per cent in the previous quarter to 3.03 per cent in Q4, while net non performing assets deteriorated marginally to 0.97 from 0.94 per cent.

The capital adequacy (Basel III) was placed at 17.70 per cent. The board of the company has recommended a dividend of Rs 23 per share.

The stock was down 1 per cent following its Q4 numbers.

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