ICICI Bank on Monday reported 49.6% Y-o-Y drop in standalone net profit at Rs 1,020 crore for the March quarter.

The bank had reported Rs 2024.64 crore profit in the year-ago quarter.

ICICI Bank's net interest income (NII) for Q4FY18 has improved by 1% to Rs 6,022 crore against Rs 5,962 crore a year ago.

The asset quality of ICICI Bank worsened as its gross non-performing assets (NPAs) reached Rs 54,062 crore during the fourth quarter of FY18 against Rs 46,038.7 crore in the year-ago quarter.

Slippages in the March quarter was much higher at Rs 15,737 crore against Rs 4,380 crore in in the previous quarter last year.

The board also recommended a dividend of Rs 1.50 per equity share on face value of Rs 2 each.

Speaking on Videocon loan controversy, CEO and Managing Director Chanda Kochhar said board has made the stance very clear on Videocon and we have nothing more to add.

First Published:May 7, 2018 6:26 PM IST