ICICI Bank reports 9% rise in Q4 consolidated net profit

ICICI Bank has reported results for fourth quarter and year ended March 31, 2014. The bank has reported a rise of 15.10% in its net profit at Rs 2652.01 crore for the quarter ended March 31, 2014 as compared to Rs 2304.07 crore for the same quarter in the previous year. Total income of the bank has increased by 15.05% at Rs 14465.34 crore for quarter under review as compared to Rs 12573.52 crore for the quarter ended March 31, 2013. On consolidated basis, the bank has reported 9.32% rise in its net profit at Rs 2724.26 crore for the quarter ended March 31, 2014 as compared to Rs 2492.05 crore for the same quarter in the previous year. Total income of the bank has increased by 6.98% at Rs 21652.96 crore for quarter under review as compared to Rs 20239.87 crore for the quarter ended March 31, 2013. For the full year ended March 31, 2014, the bank has reported a rise of 17.84% in its net profit at Rs 9810.48 crore as compared to Rs 8325.47 crore for FY13. Total income has increased by 12.77% at Rs 54606.02 crore for year under review as compared to Rs 48421.30 crore for the year ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the group has posted a rise of 14.97% in its net profit at Rs 11041.37 crore as compared to Rs 9603.61 crore for the same period in the previous year. Total income of the bank has increased by 7.22% at Rs 79563.85 crore for year under review as compared to Rs 74204.40 crore for the period ended March 31, 2013.