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ICICI Bank post a Rs 1,005.57 crore in net profit for the Q4 (2009-10)

MUMBAI: ICICI Bank post a Rs 1,005.57 crore (35% rise) in net profit for the fourth quarter ending March 31,2010 against Rs 743.76 crore in the corresponding quarter of the previous fiscal.

For the first time since the global financial crisis, the bank has handed out bonuses and double digit salary hikes which bank officials refused to elaborate on. The bank’s board has proposed a higher dividend of Rs 12 per share as against Rs 11 per share last year.

ICICI Bank MD and CEO Chanda Kochhar said: “Advances have seen a growth of 12% in the quarter. The growth has been mainly on domestic book and more on corporate side of the balance sheet. We have seen a loan growth in housing car, commercial vehicle loans, project loans and trade finance books.”

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