Annual Report 2011 of ICICI Bank

It is a broadly described annual report of ICICI Bank in the year of 2011. ICICI Bank’s Total assets increased by 11.8% from Rs. 3,634.00 billion at 31^st March 2010 to Rs. 4,062.34 billion at 31^st March 2011. Total deposits increased by 11.7% from Rs. 2,020.17 billion at 31^st March 2010 to Rs. 2,256.02 billion at 31^st March 2011. The profit after tax of the Bank for fiscal 2011 is Rs. 51.51 billion after provisions and contingencies of Rs. 22.87 billion and all expenses. The disposable profit is Rs. 86.15 billion, taking into account the balance of Rs. 34.64 billion brought forward from the previous year. Net interest income increased by 11.1% from Rs. 81.14 billion in fiscal 2010 to Rs. 90.17 billion in fiscal 2011. The decrease in provisions and contingencies and increase in net interest income was partially offset by an 11.1% decrease in non-interest income from Rs. 74.78 billion in fiscal 2010 to Rs. 66.48 billion in fiscal 2011. Income from foreign exchange transactions with clients and from margins on derivatives transactions with clients increased by 17.3% from Rs. 6.78 billion in fiscal 2010 to Rs. 7.95 billion in fiscal 2011.

The Board of Directors has recommended a dividend at the rate of Rs. 14/- per equity share of face value Rs. 10/- for the year 2011.

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