Business Standard

ICICI Bank Q2 profit up 15 percent, beats estimates

Image

Reuters MUMBAI

MUMBAI (Reuters) - ICICI Bank Ltd, India's biggest private sector lender, reported a record quarterly profit on Thursday, beating analysts estimates, on higher lending and fee income.

Net profit rose 15 percent to 27.09 billion rupees ($440.88 million) for its fiscal second quarter ended Sept. 30 from 23.52 billion rupees a year earlier, the Mumbai-based lender said in a statement.

Analysts on average had expected a net profit of 26.93 billion rupees for ICICI Bank, which is also listed in New York .

($1 = 61.4450 rupees)

(Reporting by Devidutta Tripathy; Editing by Sunil Nair)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Oct 30 2014 | 2:05 PM IST

Explore News