Saturday, August 01, 2009

India's ICICI Bank Q1 reticle rises 21 pct; tops f'cast Income loan.

A Reuters ask of analysts had prophesy webbing clean up to boosted to 7.7 billion rupees. The bank said its add up to profit in the June quarter level to 92.23 billion rupees from 94.30 billion rupees a year ago.



ICICI has slowed lending as it tackles a rise in defective loans in its anchor retail market. Shares in ICICI, which has a peddle value of about $17.6 billion, rose 117 percent in the June quarter, compared to an 83 percent ascension in the sector catalogue.BSEBANK and 49.3 percent advance in the benchmark directory.

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