ICICI Bank Quarter 4 profit rises by 15%

 India's largest private sector lender ICICI Bank Friday said its net profit grew by 15.1 percent to Rs.2,652.01 crore ($434.75 million) for the quarter ended March 31 last.

The company had posted Rs.2,304.07 crore profit in the corresponding quarter of last year.

ICICI Bank's total income rose to Rs.14,465.34 crore for the January-March quarter this year as compared to Rs.12,573.52 crore recorded in the corresponding quarter of last year.

For fiscal 2013-14, the bank has a net profit of Rs.9,810.48 crore as compared to Rs.8,325.47 crore, registering a growth of 17.83 percent.

The company's total income rose to Rs.54,606.02 crore for the financial year ended March 31, 2014 from Rs.48,421.30 crore recorded in the previous year.

The share price of ICICI Bank fell 2.29 percent at Rs.1,269.30 at the Bombay Stock Exchange.