ICICI consolidated PAT at Rs 2,420 cr

ICICI Bank has registered a consolidated profit after tax under Indian GAAP of Rs 2,420-crore in FY 06.

The country's largest private sector bank ICICI Bank has registered a consolidated profit after tax under Indian GAAP of Rs 2,420-crore ($544 million) in FY 06.

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The reconciliation statement between Indian GAAP and US GAAP shows a net income (PAT) of Rs 2,004 crore ($451 million) under US GAAP for the same period as compared to Rs 853-crore ($192 million) in the previous year, a press release issued by the the Bank stated on Monday.

The bank's stockholders' equity in FY 06 as per US GAAP stood at Rs 21,865-crore ($4.9 billion) as compared to the Indian GAAP consolidated net worth of Rs 21,998-crore ($5 billion).