India largest private sector lender, ICICI bank has recorded a better than expected earnings in the fourth quarter till March 2012.

The bank expects higher growth rate for domestic loans and stable asset quality during the coming 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.