ICICI Bank's Robust Q4 Results Lead to Generous Dividend

ICICI Bank has recommended a dividend of Rs 11 per share for the financial year 2024-25, following an impressive financial performance in the fourth quarter. This decision comes on the back of an 18% year-on-year growth in standalone net profit, which soared to Rs 12,630 crore for the January-March quarter.

Consolidated Growth and Future Outlook

On a consolidated basis, the net profit saw a 15.7% increase, reaching Rs 13,502 crore. This growth was fueled by a steady rise in lending and healthy net interest income. However, the bank anticipates some pressure on margins due to expected rate cuts by the Reserve Bank of India.

Strategic Adjustments and Asset Quality

Executive Director Sandeep Batra highlighted adjustments in the loan product mix and a slowdown in unsecured lending following RBI guidelines. Despite challenges, the bank's asset quality improved, with the gross non-performing asset ratio decreasing to 1.67%.

Subsidiaries Shine

The bank's subsidiaries, including life insurance and general insurance businesses, reported significant profit increases, contributing to the bank's overall strong performance.