ICICI Bank consolidated net at Rs 2,420cr

ICICI Bank has registered a consolidated net profit of Rs 2,420 crore in FY06, as per Indian GAAP data.

The reconciliation statement between Indian GAAP and US GAAP shows a net profit (PAT) of Rs 2,004 crore under US GAAP for the same period as compared to Rs 853 crore in the previous year, an official release issued by ICICI Bank said today.

The bank's stockholders' equity in FY06 as per US GAAP stood at Rs 21,865 crore as compared to the Indian GAAP consolidated net worth of Rs 21,998 crore.