ICICI Q4 profit up 79% at $303mln

Lender's net profit jumped while total income slid by almost 5%.

ICICI Bank reported that its consolidated net profit in the January-March quarter jumped 79.27 per cent to Rs 1,341.80 crore ($302.79 million).

The bank had a net profit of Rs 748.44 crore ($168.89 million) in the year-ago quarter, ICICI Bank said in a filing to the Bombay Stock Exchange.

Total income of ICICI Bank, however, declined to Rs 16,212.02 crore ($3.66 billion) for the quarter under review, down 4.61 per cent from Rs 16,995.59 crore ($3.84 billion) in the same period last fiscal.

The board of ICICI Bank has proposed a dividend of Rs 12 per share ($0.27) for the year ended March 31, 2010.

View the full story in  Financial Express.