ICICI Bank Posts Upbeat FQ1 Net Profit
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.
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