Market Overview

ICICI Bank Posts Upbeat FQ1 Net Profit

Related IBN
Mid-Morning Market Update: Markets Open Higher; LendingClub Posts Narrower-Than-Expected Loss
ICICI Bank Looking More Attractive As Bad Loan Resolution Improves
Edinburgh Partners Ltd Buys Credicorp Ltd, Tyson Foods Inc, Atento S. ... (GuruFocus)

India's ICICI Bank Ltd (NYSE: IBN) 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.

Posted-In: profitEarnings News


Related Articles (IBN)

View Comments and Join the Discussion!