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ICICI Bank surges 11% on better-than-expected Q2 results

Net interest income rose 12.4 per cent to Rs 64.18 billion in September 2018, compared with Rs 57.09 billion in the year-ago quarter.

WPI inflation soars to 14-mth high; rises to 4.43% in May from 3.18% in Apr
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SI Reporter New Delhi
Shares of ICICI Bank climbed nearly 11 per cent to Rs 349apiece on BSE in the intra-day deals on Monday after the lender reported a better-than-expected results for the September quarter of FY19. 

The private sector lender saw its net profit fall by 55.8 per cent to Rs 9.09 billion against Rs 20.58 billion a year ago, which was lower than Rs 9.49 billion according to a Bloomberg poll of analysts. READ MORE

That apart, the bank also reported improvement in the asset quality as fresh slippages subsided to Rs 31.2 billion. It also guided for a significant decline

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First Published: Oct 29 2018 | 9:55 AM IST

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