ICICI Bank, one of the India's largest private sector banks, reported a 76.01% fall in standalone profit after tax to Rs 7.01 billion for the quarter ended Mar. 31, 2016 from Rs 29.22 billion for the same quarter last year.

Net interest income increased by 6% to Rs 54.04 billion in the quarter ended Mar. 31, 2016 from Rs 50.79 billion in the quarter ended Mar. 31, 2015. Non-interest income increased by 46% to Rs 51.09 billion in Q4-2016 from Rs 34.96 billion in Q4-2015.

The bank has made a collective contingency and related reserve of Rs 36 billion during Q4-2016, over and above provisions made for non-performing and restructured loans as per Reserve Bank of India guidelines.

The cost-to-income ratio was 32.4% in Q4-2016 compared to 36.2% in Q4-2015. Provisions, excluding collective contingency and related reserve, were at Rs 33.26 billion in Q4-2016 compared to Rs 28.44 billion in Q3-2016 and Rs 13.45 billion in Q3-2016.

The bank's capital adequacy at Mar. 31, 2016 as per Reserve Bank of India's guidelines on basel III norms was 16.64% and Tier-1 capital adequacy was 13.09%, significantly higher than the regulatory requirements.

Shares of the bank declined Rs 1.75, or 0.73%, to trade at Rs 238.40. The total volume of shares traded was 2,618,948 at the BSE (12.17 p.m., Friday).