It is a broadly described annual report of ICICI Bank in the year of 2008. ICICI Bank’s Total assets increased by 16.0% to Rs. 3,997.95 billion at year-end fiscal 2008 from Rs. 3,446.58 billion at year-end fiscal 2007 primarily due to an increase in advances by 15.2% and an increase in investments by 22.1%. The profit & loss account shows a profit after tax of Rs. 41.58 billion after provisions and contingencies of Rs. 29.05 billion and all expenses. The disposable profit is Rs. 51.56 billion, taking into account the balance of Rs. 9.98 billion brought forward from the previous year. Profit before provisions and tax increased by 35.5% to Rs. 79.61 billion in fiscal 2008 from Rs. 58.74 billion in fiscal 2007 primarily due to an increase in net interest income by 29.6% to Rs. 73.04 billion in fiscal 2008 from Rs. 56.37 billion in fiscal 2007 and an increase in non-interest income by 27.2% to Rs. 88.11 billion in fiscal 2008 from Rs. 69.28 billion in fiscal 2007.
The Board of Directors has recommended a dividend rate of @110% (Rs. 11 per equity share of face value Rs. 10) for the year 2008.
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
