It is a broadly described annual report of ICICI Bank in the year of 2004. Income tax expense amounted to Rs. 2.65 billion in fiscal 2004 compared to a net credit of Rs. 4.26 billion in fiscal 2003. ICICI Bank’s total assets increased 17.2% to Rs. 1,252.29 billion at 31st March 2004 from Rs. 1,068.12 billion at 31st March 2003. During the financial year, The Bank’s operating profit before provisions increased 71.9% to Rs. 23.72 billion in fiscal 2004 from Rs. 13.80 billion in fiscal 2003. In fiscal 2003, ICICI Bank made additional/accelerated provisions of Rs. 16.86 billion against loans and investments, primarily relating to ICICI’s portfolio. Profit after provisions and tax increased 35.7% to Rs. 16.37 billion in fiscal 2004 from Rs. 12.06 billion in fiscal 2003. Return on average equity increased to 21.8% in fiscal 2004 from 18.3% in fiscal 2003. Net interest income increased 32.0% to Rs. 18.79 billion in fiscal 2004 from Rs. 14.24 billion in fiscal 2003. Total non-interest income excludes capital gains of Rs. 11.91 billion realized in fiscal 2003. Other income increased by 13.2% to Rs. 1.54 billion for fiscal 2004 compared to Rs. 1.36 billion for fiscal 2003.
The Board of Directors has recommended a dividend rate of @75% (Rs. 7.50 per equity share of Rs. 10) for the year 2004.
More Annual Report of ICICI Bank:
- Annual Report 2003 of ICICI Bank
- Annual Report 2004 of ICICI Bank
- Annual Report 2005 of ICICI Bank
- Annual Report 2006 of ICICI Bank
- Annual Report 2007 of ICICI Bank
- Annual Report 2008 of ICICI Bank
- Annual Report 2009 of ICICI Bank
- Annual Report 2010 of ICICI Bank
- Annual Report 2011 of ICICI Bank
- Annual Report 2012 of ICICI Bank
- Annual Report 2013 of ICICI Bank
- Annual Report 2014 of ICICI Bank
- Annual Report 2015 of ICICI Bank
- Annual Report 2016 of ICICI Bank
- Annual Report 2017 of ICICI Bank
