ICICI Bank Reports Impressive Q4 Earnings Growth
In an exciting turn of events, ICICI Bank has announced a robust growth in its financial performance for the fourth quarter. The bank’s net profit surged by 18%, reaching an impressive ₹12,629 crore compared to the previous year. Additionally, the Net Interest Income (NII) saw an increase of 11% year-on-year, demonstrating the bank’s strong operational capabilities and market position.
Dividend Announcement
As part of its financial report, ICICI Bank’s Board of Directors has proposed a dividend of ₹11 per equity share, with each share having a face value of ₹2. This dividend is pending approval from shareholders during the upcoming Annual General Meeting (AGM). Once approved, it will be a significant benefit for the bank’s investors, reflecting its commitment to delivering value.
Key Highlights from Q4 Results
- Net Profit: ₹12,629 crore, up 18% YoY
- Net Interest Income (NII): Increased by 11%
- Proposed Dividend: ₹11 per equity share
ICICI Bank’s latest financial results underscore its resilience and growth trajectory in a competitive banking landscape. Investors can look forward to the AGM, where the dividend proposal will be discussed further, potentially enhancing shareholder returns.
Stay tuned for more updates and insights on ICICI Bank’s performance and future prospects!
