ICICI Bank share price NSE, ICICI Bank Q4 results 2023
ICICI Bank has posted strong Q4 results, with a rise of 30% YoY in profit to Rs 9,121.8 crore.
Shares of ICICI Bank gained nearly 1.5% in early morning deals after the results were announced.
ICICI Bank's board has recommended a dividend of Rs 8 per equity share.
ICICI Bank's NII grew by 40% to Rs 17,666.8 crore in the March quarter of the previous fiscal.
The bank's NIM was at 4.9% in the March quarter, up from 4.65% in the December quarter.
ICICI Bank's gross non-performing assets (NPA) ratio declined to 2.81% from 3.07% sequentially.
The bank's net NPA ratio declined to 0.48% from 0.55% QoQ.
Shares of ICICI Bank have gained nearly 18% in the last one year, outperforming the Nifty 50 index.
ICICI Bank's strong Q4 results indicate that the bank is performing well and has a positive outlook for the future.
ICICI Bank's strong Q4 results indicate that the bank is performing well and has a positive outlook for the future.
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