ICICI Bank declares its Quarter results - Above Expectation

ICICI Bank has come out with its first quarter results. The bank has posted growth of 25% in its first quarter standalone net profit of Rs 775.08 crore (Rs 7.75 billion) as against Rs 620.01 crore (Rs 6.2 billion) in corresponding quarter of previous year.This is less than the Previous quarter of 812 crores.

As you can see they have increased the interest over the Quarter the interest income as raised by 16.2% to Rs 1714.25 crore (Rs 17.14 billion) from Rs 1475.28 crore (Rs 14.75 billion).Other income has gone up by 70% to Rs 1,715 crore (Rs 17.15 billion) versus Rs 1,011 crore (Rs 10.11 billion).Fee based income was up 35% at Rs 1,400 crore (Rs 14 billion).
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