ICICI Bank Q2 Financial Results
The key highlights of the ICICI Bank Q2 Results - ICICI Bank has announced a 43% rise in consolidated profit in the September quarter, riding on demand for loans from companies and strong earnings growth at its life insurance subsidiary. Consolidated net profit increased to ,992 crore, beating Bloomberg’s estimate of ,424 crore. Earnings per share rose to from last year. On a standalone basis, profit rose 22% to ,503 crore from ,236 crore last year. The loan book rose…
ICICI Bank
ICICI Bank started as a wholly owned subsidiary of ICICI Limited, an Indian financial institution, in 1994. Four years later, when the company offered ICICI Bank's shares to the public, ICICI's shareholding was reduced to 46%. In the year 2000, ICICI Bank offered made an equity offering in the form of ADRs on the New York Stock Exchange (NYSE), thereby becoming the first Indian company and the first bank or financial institution from non-Japan Asia to be listed on the…