Annual Report 2016 of ICICI Bank

It is a broadly described annual report of ICICI Bank in the year of 2016. ICICI Bank’s Total assets increased by 11.5% from Rs. 6,461.29 billion at 31^st March 2015 to Rs. 7,206.95 billion at 31^st March 2016. Total deposits increased by 16.6% from Rs. 3,615.63 billion at 31^st March 2015 to Rs. 4,214.26 billion at 31^st March 2016. Profit before collective contingency and related reserve and tax decreased marginally from Rs. 158.20 billion in fiscal 2015 to Rs. 157.96 billion in fiscal 2016. The profit after tax of the Bank for fiscal 2016 is Rs. 97.26 billion after provisions and contingencies of Rs. 116.67 billion (including collective contingency and related reserve amounting to Rs. 36.00 billion), provision for taxes of Rs. 24.70 billion and all expenses. Net interest income increased by 11.5% from Rs. 190.40 billion in fiscal 2015 to Rs. 212.24 billion in fiscal 2016 reflecting an increase of 11.1% in the average volume of interest-earning assets. Non-interest income increased by 25.8% from Rs. 121.76 billion in fiscal 2015 to Rs. 153.22 billion in fiscal 2016 primarily due to an increase in income from treasury-related activities and fee income.

The Board of Directors is pleased to recommend a dividend of Rs. 5.00 per equity share for the year ended 31^st March 2016.

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