ICICI bank Q4 net profit jumps 31 per cent

ICICI bank Q4 net profit jumps 31 per cent

 Country's largest private sector lender ICICI Bank today reported 31 per cent jump in net profit at Rs 1,902 crore for the fourth quarter of the 2011-12 fiscal.

It had profit of Rs 1,452 crore in the January-March quarter, 2010-11, ICICI Bank said in a statement.

During Q4, its total income increased to Rs 11,403 crore, from Rs 8,797 crore in the same quarter of the previous fiscal, the bank said.

Also, the lender's net interest margin improved to 3.01 per cent in Q4 FY'12, from 2.74 per cent during the same period the previous fiscal.

Further, the bank's consolidated profit after tax showed 25 per cent rise during the period, increasing to Rs 7,643 crore from Rs 6,093 crore.

For the entire fiscal, the bank's standalone PAT showed a rise of 26 per cent at Rs 6,465 crore, as against Rs 5,151 crore earlier.

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