Mumbai: ICICI Bank reported a 59.42 percent rise in standalone net profit at Rs 7,018.71 crore in the fourth quarter of the previous financial year (Q4FY22) from Rs 4,402.61 crore in the same quarter a year ago.
Sequentially (compared to the previous quarter), the net profit rose 13.32 percent from Rs 6,193.81 crore.
Net interest income (NII), the difference between interest earned and interest expended, grew 21 percent on-year to Rs 12,605 crore in Jan-Mar from Rs 10,431 crore a year ago.
For the previous financial year as a whole, ICICI Bank’s profit after tax grew 44 percent on-year to Rs 23,339 crore.
As on March 31, the bank’s gross NPA ratio was at 3.60 percent as against 4.13 percent a quarter ago and 4.96 percent a year ago.
The net NPA ratio was at 0.76 percent as on March 31 versus 0.85 percent on December 31 and 1.14 percent a year ago.
As on March 31, the bank’s Basel III Capital Adequacy Ratio stood at 19.16 percent as against 17.91 percent a quarter ago and 19.12 percent a year ago.
The provision coverage ratio on non-performing assets stood at 79.2 percent at March 31, 2022.
As on March 31, ICICI Bank’s total advances registered a growth of 17 percent year-on-year to Rs 859,020 crore. Sequentially, the
growth in domestic advances was 6 percent.
As on March 31, ICICI Bank’s total deposits grew 14 percent year-on-year to Rs 1,064,572 crore. The sequential growth in deposits was 5 percent.
Average current account savings account deposits increased 23 percent on-year in January-March.
The average CASA ratio was 45 percent in Q4-2022, the bank said.
Total term deposits increased by 9 percent year-on-year to Rs 546,135 crore (US$ 72.1 billion) at March 31, 2022.
Profit before tax registered a growth of 63 percent year-on-year to Rs 9,224 crore from Rs 5,657 crore the same time a year ago.
Total capital adequacy ratio was 19.16% and Tier-1 capital adequacy ratio was 18.35% on a standalone basis at March 31, 2022
The bank’s board has recommended a dividend of Rs 5 per share.