It is a broadly described annual report of ICICI Bank in the year of 2006. ICICI Bank’s Total assets increased 49.9% to Rs. 2,513.89 billion at 31st March 2006 from Rs. 1,676.59 billion at 31st March 2005 with advances increasing 59.9% to Rs. 1,461.63 billion and investments increasing 41.7% to Rs. 715.47 billion. Total deposits increased 65.4% to Rs. 1,650.83 billion at 31st March 2006, constituting 77.2% of the total funding (comprising deposits, borrowings, and subordinated debt) compared to 70.5% at 31st March 2005. During the financial year, The Bank’s Operating profit was Rs. 46.91 billion in fiscal 2006 as compared to Rs. 29.56 billion in fiscal 2005. Provisions and contingencies increased to Rs. 15.94 billion in fiscal 2006 from Rs. 4.29 billion in fiscal 2005. profit before tax increased 22.6% to Rs. 30.97 billion in fiscal 2006 from Rs. 25.27 billion in fiscal 2005, the reduction in the effective tax rate to 18.0% in fiscal 2006 from 20.7% in fiscal 2005 resulted in a 26.7% increase in profit after tax to Rs. 25.40 billion in fiscal 2006 from Rs. 20.05 billion in fiscal 2005.
The Board of Directors has recommended a dividend rate of @85% (Rs. 8.50 per equity share of Rs. 10) for the year 2006.
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
