Last updated: April 24, 2023, 3:13 PM IST
Private lender ICICI Bank has announced a final dividend to its shareholders for the fiscal year ending March 31, 2023.
ICICI Bank Dividend: In the previous financial year, the company paid Rs 5 dividend per share in August 2022.
ICICI Bank Dividend: Private lender ICICI Bank Ltd on Saturday declared a final dividend of Rs 8 per share share of Rs 2 par value. The company said in a statement: “The board of directors at the meeting recommended a dividend of 8/- (only rupees eight) stock share with a par value of 2/- each.”
ICICI Bank Dividend 2023 Record Date, Payment Date
The record date and payment date of the final dividend of Rs 8 per share has not yet been announced by the company. The same will be declared after shareholder approval at the AGM.
“The stock dividend will be paid/sent on or after approval by shareholders at the bank’s subsequent Annual General Meeting (AGM),” the company said in an exchange filing.
ICICI Bank Dividend History
In the previous financial year, the company paid Rs 5 dividend per share in August 2022.
ICICI Bank dividend yield
The bank has a dividend yield of 0.56 percent.
ICICI Bank Q4 results
ICICI Bank on Saturday reported a 30 percent increase in standalone net profit of Rs 9,121.87 crore for the quarter ended March 31, 2023. This compares to a net profit of Rs 7,018.71 crore from the corresponding quarter of the previous financial year.
Net interest income (NII), the difference between interest earned and interest spent, rose 24 percent to Rs 17,666.8 crore from Rs 12,604.6 crore on an annualized basis (YoY).
The bank’s operating profit (earnings before provisions and contingencies) was Rs 15,206.19 crore during the quarter under review, up 31.90 percent year-on-year from Rs 31,306.02 crore during the same quarter a year ago.
The bank’s consolidated net profit reached Rs 9,122 crore during Q4FY23, an increase of 30 percent from Rs 7018.71 Cr in Q4FY22.
ICICI Bank said its total deposits grew at an annualized rate of 10.9 percent to Rs 1,180,841 crore (US$143.7 billion) in the quarter of 31 March 2023 and its average CASA ratio stood at 43.6 percent in the fourth quarter of 2023. The domestic loan portfolio grew 20.5 percent year-over-year and the net NPA ratio declined from 0.55 percent in Q3FY23 to 0.48 percent in Q4 FY23.
Read all the latest business news, tax news and stock market updates here
