ICICI Bank Q4 net rises nearly 17 per cent to Rs1,568 crore

ICICI Bank, India's largest private sector lender, has reported a consolidated net profit of Rs1,567.93 per cent for the fiscal fourth quarter ended 31 March 2011. a 16.85 per cent increase from the similar quarter of the previous-year quarter.
    
ICICI Bank had reported a net profit of Rs1,341.8 crore in the corresponding period of the previous fiscal.
    
Total income of the bank rose to Rs18,178.99 crore in the fourth quarter of the 2010-11 fiscal from Rs16,212.02 crore in the corresponding period a year ago, ICICI Bank said in a filing with the Bombay Stock Exchange.
    
For 2010-11 financial year, ICICI Bank said, its consolidated net profit increased by 30.46 per cent to Rs6,093.27 crore, from Rs4,670.29 crore in 2009-10.
    
The board of directors at its meeting today recommended a dividend of Rs14 per share for the year-ended 31 March 2011, against Rs12 in the previous year.