ICICI Bank’s fourth-quarter net profit increased by 17.4% to ₹ 10,708 crore: Interest income was ₹ 19,093 crore, the bank will give a dividend of ₹ 10 per share.

Private sector lender ICICI Bank on Saturday (April 27) released the results of Q4FY24 i.e. the fourth quarter of financial year 2024. In the January-March quarter, the bank’s net profit increased by 17.4% on annual basis (YoY) to ₹10,708 crore. The net profit of the bank in the same quarter last year (Q4FY23) was ₹9,122 crore. The bank’s net interest income (NII) in the fourth quarter increased by 8.1% on year-on-year (YoY) basis to Rs 19,093 crore. ICICI Bank announced a dividend of Rs 10. The Board of Directors of ICICI Bank has also approved a dividend of Rs 10 per share. Companies give some part of the profits to their shareholders, it is called dividend. Gross non-performing assets stood at 2.16% in the fourth quarter. Gross non-performing (NPA) assets stood at 2.16% in the fourth quarter, which is less than 2.81% in the same quarter last year. Whereas for the March quarter, net NPA improved from 0.48% to 0.42% on year-on-year (YoY) basis. ICICI Bank’s shares gave a return of 21.04% in one year. On Friday, a day before the results, ICICI Bank’s shares had closed at Rs 1,110.75 with a fall of 0.27%. With this, the market cap of the bank has also reached Rs 7.78 thousand crore. The bank’s shares have increased by about 1.60% in the last one month. Its share has increased by 20.09% in the last six months. In the last one year, it gave 21.04% returns to investors.

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