ICICI Bank is once again all set to gain popularity in the business market, because of strong Q4 results. People in the stock market are showing keen interest to invest in the bank.
After the results of Q4 a rapid layer of income and door to stock market opened in a high rash, as a hike or a demand of shares touches the sky at a rate of 1.5 percent. So it was a money making sunrise for the firm. The bank accountant opened the counter at the cost of rupees 905 on , while at 9:20 AM, the counter was lifted by 1.6 per cent or at the cost Rs 14.3 to Rs 900.
What is Q4?
If you are into finances and in the stock market, then you all must be well known with the word Q4, but for some who are new, Q4 is the last quarter of the companies, which starts from October 1st and ends on 31st December. It results can imbalanced the upcoming profitable balance of companies’ stock market.
The second largest private lender has reported a hick of 30 per cent every year in terms of profit as this year till March 31st , quarter ended with Rs 9,121.8 crore as compared to Rs 7018.71 crore in the same month of a year , ended according to regulatory filing of ICICI Bank analysis.
ICICI Bank Q4 Net interest Margin
The net interest margin (NIM) of ICICI bank was approximately 4.8-4.9 percent in the quarter of month in the march as compared to December quarter statistics which was 4.65 percent of the previous year, talking about 2021-2022 statistics it was 4 percent in the subsequent quarter.
ICICI Bank Q4 Asset Quality
The expectations came true as the ICICI Bank’s asset quality improved during the March quarter, as its gross non-performing assets (NPA) ratio fall down to nearly 2.81 per cent from 3.07 per cent subsequently , while its Net NPA to approximately 0.48 per cent from 0.55 per cent quarter-on-quarter (QoQ).
ICICI Bank Dividend 2023
The board members of Bank has suggested a dividend of Rs 8 per equity share of the real value of Rs 2 each. The dividend on equity shares, will be enrolled after the same recommendation is approved by the shareholders at the chief Annual General Meeting (AGM) of the Bank.
So , henceforth it is not wrong to say that in terms of profit and stock exchange market ICICI bank is still ahead in the race amongst other bank in the town as every year its stock price rises approximately 18 percent.
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