“The Board at the above meeting recommended a dividend of Rs. 8/- (Rupees Eight only) per Equity Share of face value of Rs. 2/- each, subject to requisite approval. The dividend on equity shares will be paid/remitted as and when approved by the shareholders in the forthcoming Annual General Meeting (AGM) of the bank," the bank said in its regulatory filing.
ICICI Bank on Saturday reported a 30 per cent rise in standalone net profit at ₹9,121.87 crore for the quarter ended March 31, 2023. This is as against a net profit of ₹7018.71 crore from the corresponding quarter of the previous financial year.
Its net interest income (NII), which is the difference between interest earned and spent, grew 24% to ₹17,666.8 crore from ₹12,604.6 crore year-on-year (YoY).
The bank's operating profit (profit before provisions and contingencies) during the quarter under review stood at Rs 15,206.19 crore as against Rs 31,306.02 crore during the year-ago quarter, a growth of 31.90%.
The Bank's consolidated net profit during Q4FY23 reached ₹9,122 crore, up 30% from ₹7018.71 crore in Q4FY22.
ICICI Bank said its total deposits grew 10.9% year-on-year to ₹1,180,841 crore (US$ 143.7 billion) during the quarter ended March 31, 2023, and the average CASA ratio stood at 43.6% in Q4-2023. The domestic loan portfolio grew by 20.5% year-on-year and the net NPA ratio declined to 0.48% during Q4FY23 from 0.55% in Q3FY23.
ICICI Bank shares closed at Rs 884.20, down 1.13 per cent on the BSE on Friday.