India's biggest largest private lender ICICI Bank has announced a 7 per cent growth in its net profit for the twelve month period ended on March 31, 2010.

The bank's net profit stood at Rs 4,025 crore ($896 million) as compared to Rs 3,758 crore ($837 million) during the corresponding period of 2009.

However, ICICI Bank's net income declined 14.2% to Rs 33,184.58 crore during the last financial year.

During the three month period ended March 31, the bank's net profit surged 35.2% to Rs 1,005 crore as against Rs 743.7 crore during the last year whereas total income declined by 16.14% to Rs 7,717.82 crore.

Net non-performing assets ratio descended to 1.87% in March 2010 as against 1.96% in March 2009.

Current and saving deposits climbed 34% to Rs 84,216 crore and CAR stood at 19.4%.

The bank's directors announced a dividend of Rs 12 each share.

On Friday, the shares of ICICI Bank closed at Rs 975.75, up more than 140% as compared to its 52-week low of Rs 405. The scrip hit a yearly high of Rs. 1,009.50 on April 6. (With Inputs from Agencies)