Annual Report 2013 of ICICI Bank

It is a broadly described annual report of ICICI Bank in the year of 2013. ICICI Bank’s Total assets increased by 9.8% from Rs. 4,890.69 billion at 31^st March 2012 to Rs. 5,367.95 billion at 31^st March 2013. Total deposits increased by 14.5% from Rs. 2,555.00 billion at 31^st March 2012 to Rs. 2,926.14 billion at 31^st March 2013. The profit after tax of the Bank for fiscal 2013 is Rs. 83.25 billion after provisions and contingencies of Rs. 18.02 billion, provision for taxes of Rs. 30.72 billion and all expenses. The disposable profit is Rs. 153.79 billion, taking into account the balance of Rs. 70.54 billion brought forward from the previous year. Net interest income increased by 29.2% from Rs. 107.34 billion in fiscal 2012 to Rs. 138.66 billion in fiscal 2013, reflecting an increase of 38 basis points in net interest margin and an increase of 13.5% in average interest-earning assets. Non-interest income increased by 11.3% from Rs. 75.02 billion in fiscal 2012 to Rs. 83.46 billion in fiscal 2013.

The Board of Directors has recommended a dividend at the rate of Rs. 20.00 per equity share of face value Rs. 10/- for the year 2013.

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