Q4 Results: ICICI Bank declares dividend of ₹10 per equity share
₹10 per equity share for the financial year 2024. In a stock exchange filing, ICICI Bank said: “the Board recommended a dividend of ₹10 /- (Rupees Ten only) per equity share of face value of ₹2/- each, subject to requisite approvals.
The dividend on equity shares, will be paid/despatched on or after the same is approved by the shareholders at the ensuing Annual General Meeting (AGM) of the Bank." ALSO READ: ICICI Bank Q4 Results: Net profit rises 17% to ₹10,707 crore, NII up 8% YoY The private sector lender on Saturday announced the financial results for the fourth quarter (Q4) ended March 31, 2024 of the fiscal year 2023-24 (FY24). ICICI Bank reported 18.5 per cent growth in its March quarter FY24 consolidated net profit at ₹11,672 crore as compared to ₹9,853 crore in the same period a year ago.
Its core net interest income rose 8.1 per cent to ₹19,093 crore on a 16.8 per cent growth in loans and a marginal compression in net interest margin to 4.40 per cent. The lender’s gross bad loan ratio narrowed to 2.16 per cent in the March quarter, from 2.3 per cent in the preceding quarter.
On standalone basis, the lender reported a 17.4 per cent rise in its profit after tax (PAT) at ₹10,708 crore for Q4 FY24 against ₹9,122 crore in the year-ago period. ALSO READ: ICICI's App Glitch Leads To Credit Card Info Leak; Bank Blocks New Credit Cards The bank also said that its Board has approved fund raising by issuing debt securities.
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