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on 2020/06/08 18:49
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62 62  
63 63  = Financial Highlights =
64 64  
65 -Om May 9, 2020 ICICI Bank Limited release quarterly results for the Quarter ended March 31, 2020.{{footnote}}https://www.icicibank.com/managed-assets/docs/investor/quarterly-financial-results/2020/2020-05-Q4_2020_PR1.pdf{{/footnote}}
65 +On May 9, 2020 ICICI Bank Limited release quarterly results for the Quarter ended March 31, 2020.{{footnote}}https://www.icicibank.com/managed-assets/docs/investor/quarterly-financial-results/2020/2020-05-Q4_2020_PR1.pdf{{/footnote}}
66 66  
67 67  * The core operating profit (profit before provisions and tax, excluding treasury income) increased by 18% year-on-year to ₹ 7,148 crore (US$ 945 million) in Q4-2020 from ₹ 6,077 crore (US$ 803 million) in Q4-2019. The interest on income tax refund was ` 27 crore (US$ 4 million) in Q4- 2020 compared to ` 414 crore in Q4-2019 (US$ 55 million). Excluding the interest on income tax refund, core operating profit grew by 26% yearon-year in Q4-2020
68 68  * Net interest income (NII) increased by 17% year-on-year to ` 8,927 crore (US$ 1.2 billion) in Q4-2020 from ` 7,620 crore (US$ 1.0 billion) in Q4- 2019. Excluding the interest on income tax refund, NII grew by 24% yearon-year in Q4-2020
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104 104  
105 105  Consolidated assets grew by 11.2% year-on-year to ` 1,377,292 crore (US$ 182.0 billion) at March 31, 2020 from ` 1,238,794 crore (US$ 163.7 billion) at March 31, 2019.
106 106  
107 +{{putFootnotes/}}
108 +
107 107  = Recent developments =
108 108  
109 109  On June 2 2020, ICICI Bank has announced a reduction in its savings bank account interest rate with effect from June 4, 2020.{{footnote}}https://www.bseindia.com/xml-data/corpfiling/AttachHis/92edeba3-0896-4423-bd26-5362eb2852c8.pdf{{/footnote}}
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