ICICI Bank Q4 PAT surges 59.4% to Rs 7,018.7 cr

NII stood at Rs 12,605 cr, other income rose 15% to Rs 4,737 crore

Private sector lender ICICI Bank on Saturday reported a 59.4 per cent year-on-year surge in net profit to Rs 7,018.7 crore for the quarter ended March. 

The bank had reported a standalone profit after tax (PAT) of Rs 4,403 crore during the corresponding quarter of the previous financial year.

The net interest income, which is the difference between interest earned and interest expended, rose 21% year-on-year to Rs 12,605 crore from ₹10,431 in the same quarter a year ago. Other income, too, rose 15% from a year ago to Rs 4,737 crore.

The bank's board has also approved a dividend