ICICI posts a 35.32% surge in its net profit

ICICI posts a 35.32% surge in its net profitIndia's second largest bank, ICICI Bank has announced its financial results. According to ICICI officials the bank has managed to register an impressive amount of net revenue as well as net profit.

On year on year basis the firm's net profit has gone up by 35.32% in the current fiscal year. The profit after tax (PAT) has positioned at Rs 1,005.57 crore in the current year. It was at Rs 743.76 crore in the preceding year.

The last six quarters have been remarkable for the Bank. The loan book has gone up during this time period. Moreover, the Managing Director of ICICI Bank Mrs. Chanda Kochhar has informed that the domestic loan book was expected to grow strong and there is a strong development in that particular field.

She has also said that the unsecured retail loans have gone down by 5% of the total loan book in this quarter.

It has contributed 25% to the international market while the total loan book has figured out to be at 26%. Kochhar has also informed that the Bank has been focusing both on retail and corporate loans.