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Business News/ Companies / Company Results/  ICICI Bank Q4 Results Highlights: NII up 8% to 19,093 crore, dividend declared
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ICICI Bank Q4 Results Highlights: NII up 8% to ₹19,093 crore, dividend declared

ICICI Bank Q4 Results Highlights: India's second-largest lender by mcap reported a a rise of 17 per cent in net profit at 10,707 crore in the March quarter.

ICICI Bank Q4 Results: The private lender's net profit rose 17 per cent YoY (Mint)Premium
ICICI Bank Q4 Results: The private lender's net profit rose 17 per cent YoY (Mint)

ICICI Bank Q4 Results Highlights: ICICI Bank announced its January-March quarter results for fiscal 2023-24 (Q4FY24), reporting a rise of 17.4 per cent in standalone net profit at 10,707.5 crore, compared to 9,121.9 crore in the corresponding period last year. India's second-largest lender by market capitalisation (mcap) reported a growth of eight per cent in net interest income (NII)--the difference between interest earned and paid--to 19,092.8 crore, compared to 17,666.8 crore in the same period last year.

27 Apr 2024, 06:01:44 PM IST

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27 Apr 2024, 05:59:01 PM IST

ICICI Bank Q4 Resul: Operating profit

The non-interest income, excluding the performance of the treasury, came in at 5,930 crore, 15.7 per cent higher than the year-ago period. The bank's provisions more than halved to 718 crore in the fourth quarter of FY24. The bank's core operating profit grew by 10.5 per cent year-on-year (YoY) to 15,320 crore in the March quarter from 13,866 crore in the year-ago period.

27 Apr 2024, 05:53:36 PM IST

ICICI Bank Q4 Result: Credit growth

The net domestic advances grew by 16.8 per cent YoY and 3.2 per cent sequentially at March 31, 2024. The retail loan portfolio grew by 19.4 per cent YoY and 3.7 per cent sequentially, and comprised 54.9 per cent of the total loan portfolio at March 31, 2024. Including non-fund outstanding, the retail portfolio was 46.8 per cent of the total portfolio at March 31, 2024.

27 Apr 2024, 05:36:20 PM IST

ICICI Bank Q4 Results: Asset Quality

The lender’s gross bad loan ratio or gross non-performing asset (NPA) ratio narrowed to 2.16 per cent in the March quarter, from 2.3 per cent in the preceding quarter. The net NPA ratio was 0.42 per cent at March 31, 2024 compared to 0.44 per cent at December 31, 2023 and 0.48 per cent at March 31, 2023.

27 Apr 2024, 05:32:00 PM IST

ICICI Bank Q4 Results: Buyback

The board approved a fund raising by way of issuances of debt securities including by way of non-convertible debentures in domestic markets. The bank's board also authorised buyback of debt securities within the limits.

27 Apr 2024, 05:19:55 PM IST

ICICI Bank Q4 Results: Dividend

The private-sector lender also declared a dividend of 10 per equity share of face value of 2 each. The dividend on equity shares, will be paid on or after it is approved by the shareholders at the bank's annual general meeting (AGM).

27 Apr 2024, 05:02:05 PM IST

ICICI Bank Q4 Results: P&L account

The non-interest income, excluding the performance of the treasury, came in at 5,930 crore, 15.7 per cent higher than the year-ago period. The bank's provisions more than halved to 718 crore in the fourth quarter of FY24.

27 Apr 2024, 04:36:00 PM IST

ICICI Bank Q4 Results: Net profit rises 17% to ₹10,707 crore, NII up 8% YoY

ICICI Bank's net profit rose 17% to 10,707 crore, NII is up 8% YoY

27 Apr 2024, 03:29:32 PM IST

ICICI Bank Q4 Results: Concern areas

Highlighting the key concern areas in ICICI Bank's Q4 results 2024, Kotak Securities said, "Key concern would be the progress of NIM as the cost of funds is yet to peak, especially with slower CASA growth. Deposit mobilization is likely to be another key area of discussion."

27 Apr 2024, 03:19:08 PM IST

ICICI Bank Q4 Results: ICICI Bank is likely to post mid-teen annual growth in net profit, says analyst

Speaking on ICICI Bank's Q4 results preview for FY24, Shreyansh V Shah, Research Analyst at StoxBox said, "ICICI Bank is likely to post mid-teen annual growth in net profit in the fourth quarter, driven by healthy loan book growth, especially in retail and SME segments. The NIIs are also anticipated to show mid-single-digit growth along with traction in PPOP. We expect the asset quality to be stable, with lower sequential credit costs on the back of reversal of AIF provisions."

27 Apr 2024, 03:15:12 PM IST

ICICI Bank Q4 Results: Net profit seen steady in March quarter, NII likely to rise 9% YoY

According to most brokerages, the private sector lender is likely to post steady net profit with a rise in loan growth and NIIs in the March quarter.

27 Apr 2024, 01:09:43 PM IST

Yes Bank Q4 Results Live Updates: Bank's net profit at ₹454 crore vs ₹202.4 crore (YoY)

Yes Bank's net profit at 454 crore vs 202.4 crore (YoY)

27 Apr 2024, 12:31:27 PM IST

Yes Bank Results live: YES Bank may report a muted performance in terms of Net Interest Income, says Analyst

“YES Bank may report a muted performance in terms of Net Interest Income (NII) and Net Interest Margin (NIMs) both on quarter-on-quarter (QoQ) and year-on-year (YoY) basis. The lender's asset quality also may remain under pressure, while pre-provisioning operating profit (PPOP) may also fall on rising cost of funds. NIM's and NII will be lower as well due to higher cost of funding. Overall focus will be on the guidance, outlook on asset quality, majorly cost of funds and return of assets after the Q4 numbers," Aditya Agarwala, Co-founder and Head of Investment and Research at Invest4Edu, said.

27 Apr 2024, 11:00:31 AM IST

Yes Bank Results live: Bank Q4 results 2024 preview

Speaking on the expected Yes Bank Q4 results today, Avinash Gorakshkar, Head of Research at Profitmart Securities said, "Yes Bank is expected to deliver better Q4FY24 numbers on YoY but the numbers may not beat its performance on a sequential basis. The major reason for this is the falling net interest margins of all Indian banks including Yes Bank. However, the market is experiencing a rise in the deposits due to the rise in clientele of the private lender." Gorakshkar maintained that Yes Bank's net profit may rise YoY but business guidance will be crucial.

27 Apr 2024, 10:30:29 AM IST

Yes Bank Results live: Bank's founder Rana Kapoor out on bail

A special CBI court in Mumbai that granted bail to Yes Bank founder Rana Kapoor in a fraud case has observed that any further incarceration without trial would amount to a "pre-trial conviction" of the banker on April 20. Kapoor walked out of jail on Friday evening after being granted bail by special CBI Judge M G Deshpande in the last pending case against him, also involving the Avantha Group. Kapoor was arrested in March 2020 in a money laundering case by the Enforcement Directorate (ED). He was booked in eight cases by ED and Central Bureau of Investigation related to fraud at the Yes Bank. The court, in its order that was made available on Saturday, said there is no justification as to why the applicant, who has already spent over 4 years in custody for numerous other cases, should be detained further, especially when he has been granted bail in all other cases. Kapoor's continued detention "would amount to pre-trial conviction", the judge said.

27 Apr 2024, 10:28:09 AM IST

Yes Bank Results live: YES Bank's NII at ₹2,105.3 crore

Kotak Institutional Equities predicts YES Bank's NII at 2,105.3 crore, up 3.8 per cent QoQ but down 0.6 per cnet QoQ. PPOP may come in at 888.9 crore, up 11.8 per cent QoQ and 8.7 per cent YoY. The lender may report a net profit of 202.4 crore, up 30.4 per cent YoY and 14 per cent QoQ, as per Business Times Report.

27 Apr 2024, 10:13:46 AM IST

Yes Bank Results live: Bank's shares closing price

Yes Bank will announce its quarterly earnings today. Shares of Yes Bank closed 0.73% higher at 26.15 on BSE on Friday.

27 Apr 2024, 10:04:01 AM IST

Yes Bank Results live: Bank to post earnings report on April 27

Yes Bank will post earnings report on April 27, 2024 for the fourth quarter that ended Mrch 31, 2024.

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