Annual Report 2017 of ICICI Bank

It is a broadly described annual report of ICICI Bank in the year of 2017. ICICI Bank’s Total assets increased by 7.1% from Rs. 7,206.95 billion at 31^st March 2016 to Rs. 7,717.91 billion at 31^st March 2017. Total deposits increased by 16.3% from Rs. 4,214.26 billion at 31^st March 2016 to Rs. 4,900.39 billion at 31^st March 2017. The profit after tax of the Bank for fiscal 2017 is Rs. 98.01 billion after provisions and contingencies of Rs. 152.08 billion, provision for taxes of Rs. 14.78 billion and all expenses. The disposable profit is Rs. 269.33 billion, taking into account the balance of Rs. 171.32 billion brought forward from the previous year. Net interest income increased by 2.4% from Rs. 212.24 billion in fiscal 2016 to Rs. 217.37 billion in fiscal 2017 reflecting an increase of 10.1% in the average volume of interest-earning assets, offset by a decrease in net interest margin from 3.49% in fiscal 2016 to 3.25% in fiscal 2017. Non-interest income increased by 27.3% from Rs. 153.22 billion in fiscal 2016 to Rs. 195.05 billion in fiscal 2017 primarily due to an increase in income from treasury-related activities.

The Board of Directors is pleased to recommend a dividend of Rs. 2.50 per equity share (pre-bonus issue) for the year ended 31^st March 2017.

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