ICICI Bank beat first-quarter expectations on Saturday as higher interest income and loan growth helped deliver a record net profit for India’s second-largest private lender. Net profit rose 39.7% to Rs 96.48 billion ($1.18 billion) for the April-June quarter, beating the Rs 91.8 billion expected by analysts Refinitiv IBES data showed.
ICICI Bank beats estimates with record April-June net profit
ICICI Bank beat first-quarter expectations on Saturday as higher interest income and loan growth helped deliver a record net profit for India’s second-largest private lender. Net profit rose 39.7% to Rs 96.48 billion ($1.18 billion) for the April-June quarter, beating the Rs 91.8 billion expected by analysts Refinitiv IBES data showed.