Icici Bank (NYSE:IBN)
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2 Years : From May 2011 to May 2013
India's ICICI Bank Ltd. (532174.BY) Friday beat market expectations with a 31% surge in fourth-quarter net profit, benefiting from strong demand for loans and high growth in treasury income.
Net profit at the NYSE- and Mumbai-listed bank rose to INR19.02 billion in the January-March period from INR14.52 billion a year earlier, it said in a regulatory filing. Profit exceeded the INR17.44 billion estimate in a Dow Jones Newswires poll of five analysts.
Interest income, which it earns on loans, rose 28% to INR91.75 billion, said the country's largest private-sector lender by assets.
Other income--including gains from fee, commissions, foreign-exchange and treasury transactions--climbed 36% to INR22.28 billion.
-By Nupur Acharya, Dow Jones Newswires; +91-22-61456117; firstname.lastname@example.org
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