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Monday, October 31, 2011

Stock_for_YOU ICICI Bank, India’s No. 2 lender beat street estimates on Monday with a 21.6 per cent rise in second-quarter profit,

ICICI Bank, India's No. 2 lender beat street estimates on Monday with
a 21.6 per cent rise in second-quarter profit, led by higher income
from interest and investments, and lower provisions for bad loans. The
bank said its net profit in the September quarter rose to Rs Rs 1503.2
crore from Rs 1236 crore a year ago. Its net interest income grew
nearly 14 per cent to Rs 2506 crore from Rs 2204 crore a year ago, in
line with estimates. Its net non-performing assets as a percentage of
total loans fell to 0.93 per cent at end-September from 1.62 per cent
a year ago.

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