The board of private sector icici bank has recommended a dividend of Rs 11 per share for the financial year 2024-25 after a stellar performance in the fourth quarter. However, regulatory approval including shareholders is yet to be taken in this. The record date for the dividend has not been announced yet.
The bank announced the results for the fourth quarter of the financial year 2024-25 on Saturday. During this, the board of the bank said that its net profit on a standalone basis has increased by 18 percent to Rs 12,630 crore. Whereas a year ago it was Rs 10,708 crore.
Total income increased so much in the entire financial year
At the same time, during the march quarter, the net profit of the bank on consolidated basis has increased by 15.7 percent to Rs 13,502 crore. The bank's net interest income (NII) has increased by 11 percent to Rs 21,193 crore. On an annual basis, the total income has increased by 14 percent to Rs 49,690.87 crore, from Rs 43,597.14 crore a year ago. While in the entire financial year 2025, the total income of the bank increased to 191,770.48, from Rs 165,848.71 crore a year ago.
Repo rate may impact margins
However, during this time the bank indicated that due to the possibility of interest rate cuts by the Reserve bank of India, there may be some pressure on the margin in the near future. According to TOI report, the bank's executive director Sandeep Batra said, "53% of the bank's loan portfolio is linked to the repo rate." On the other hand, if we talk about the performance of the bank's shares, then at present the price of its shares on BSE is Rs 1406.65, while the face value of the shares is Rs 2. On the other hand, if we talk about its market cap, then it is more than Rs 10 lakh crore.
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