ICICI Bank Q4 Result

ICICI Bank Q4 Result

The Bank 260.5 per cent year-on-year (YoY) growth in standalone profit at Rs 4,402.61 crore for quarter ending March 2021 Q4.

The profit in the corresponding period last year was at Rs 1,221.4 crore.

Net interest income, the difference between interest earned and interest expended, grew by 16.9 per cent to Rs 10,431.13 crore in Q4FY21, compared to Rs 8,926.9 crore in Q4FY20.

The net interest margin at 3.84 percent in March quarter FY21 expanded sequentially from 3.67 percent in the quarter ended December 2020, but contracted a bit year-on-year from 3.87 percent in March quarter 2020.

Advances at Rs 7.33 lakh crore as of March 2021 increased by 14 per cent YoY( year-on-year )

Retail loan portfolio of ICICI Bank – growth at 20 percent YoY which comprised 67% of the total loan portfolio.

The ICICI bank said it had a network of 5,266 branches and 14,136 ATMs at the end of March 2021.

ICICI bank held COVID-19 related provision of Rs 7,475 crore.

Mutual funds reduced their shareholding in ICICI Bank to 26.07 per cent at the end of March 2021.

from 26.35 per cent as of December 2020.

LIC also decresed stake in the bank to 8.23 per cent from 8.4 per cent.

Foreign Portfolio Investors ( FPI ) increased stake in the bank to 47.78 per cent from 47.43 per cent.

The name of Abu Dhabi Investment Authority, which had a 1.35 per cent stake, as of December 2020.

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Source :- Moneycontrol