ICICI Bank Posts Upbeat FQ1 Net Profit

India's ICICI Bank Ltd

reported a 36% surge in its FQ1 unconsolidated net profit. ICICI Bank's quarterly unconsolidated net profit rose to 18.15 billion rupees ($328 million), from 13.32 billion rupees, in the year-ago period. However, analysts were expecting a net profit of 16.85 billion rupees. The bank's interest income jumped 25% to 95.46 billion rupees. ICICI Bank shares closed at $33.87 yesterday.