 "WPI inflation soars to 14-mth high; rises to 4.43% in May from 3.18% in Apr")
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
