ICICI Bank, which is the largest private sector lender, has recorded an increase of 31 per cent in net profit to 1,902 crore during fourth quarter of the 2011-12 fiscal year.

The company had recorded Rs. 1,452 crore in the January-March quarter of 2011, according to a statement released by the bank. The total income of the state increased to Rs. 11,403 crore, from Rs. 8,797 crore in the same quarter of the previous year.

ICICI Bank also said that its net interest margin rose 3.01 per cent in the quarter compared to 2.74 per cent during the same quarter during the fourth quarter of the previous year. The bank’s consolidated profit after tax rose by an impressive 25 per cent to Rs. 7,643 crore from Rs. 6,093 crore.

As for the entire fiscal year, the bank’s standalone PAT recorded an increase of 25 per cent at Rs. 6,465 crore compared to Rs. 5,151 crore in the previous fiscal year.

“The banks has continued with its strategy of pursuing profitable growth. In this direction, the bank continues to leverage its strong corporate franchise," ICICI said in a press release to the stock exchange.