Sunday, July 28, 2019

ICICI Bank reports good numbers in Q1

ICICI Bank, India's biggest private sector bank, has posted a profit of Rs 1,908 crore in June quarter. 

The bank had posted a loss of Rs 120 crore in the year-ago period and a profit of Rs 969 crore in the previous quarter. 

Net interest income grew  by 27 percent year-on-year to Rs 7,737 crore for quarter that ended on June 2019 with healthy loan growth of 15 percent YoY.

The stock closed at Rs 416, up Rs 7 in Friday's closing.

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