By IANS,
Mumbai: The country’s largest private lender ICICI Bank Saturday reported a 7 percent increase in net profit in 2009-10 at Rs.4,025 crore ($896 million) compared to Rs.3,758 crore ($837 million) in the previous fiscal.
The bank’s income, however, slipped 14.2 percent at Rs.33,184.58 crore in the last fiscal, it said in a regulatory filing.
Net profit in the last quarter ended March 31 was 35.2 percent higher at Rs.1,005 crore compared to Rs.743.7 crore in the previous corresponding period while total income fell by 16.14 percent to Rs.7,717.82 crore.
Net non-performing assets ratio came down to 1.87 percent on March 2010 compared to 1.96 percent in March 2009.
Current and saving deposits increased 34 percent to Rs.84,216 crore and the capital adequacy ratio was 19.4 percent.
The ICICI Bank scrip ended Friday at Rs.975.75, up over 140 percent from its 52-week low of Rs.405. It touched a yearly high of Rs.1,009.50 on April 6.
The board of the bank has declared a dividend of Rs.12 per share.