At 9:55 am, the shares of ICICI Bank had been buying and selling at Rs 595, up 4.4 per cent, on the BSE
ICICI Bank shares soared greater than 4 per cent to prime the gainer’s listing on the BSE after the non-public sector financial institution reported a 260.5 per cent year-on-year (YoY) progress in standalone revenue at Rs 4,402.61 crore for quarter ended March 2021. The revenue in the corresponding interval final yr stood at Rs 1,221.4 crore. At 9:55 am, the shares of ICICI Bank had been buying and selling at Rs 595, up 4.4 per cent, on the BSE.
The nation’s main non-public sector lender reported a progress of 17 per cent in internet curiosity earnings to Rs 10,431 crore through the quarter.
ICICI Bank’s core working revenue – the revenue earlier than provisions and taxes, grew 20 per cent year-on-year to Rs 8,565 crore in the fourth quarter of the monetary yr 2020-21, in comparison with Rs 7,148 crore in the year-ago interval.
The non-public sector financial institution’s internet curiosity earnings (NII) – or the distinction between curiosity earned and curiosity paid, in the fourth quarter grew 17 per cent on yr to Rs 10,431 crore, in comparison with Rs 8,927 crore in the year-ago interval.
The BSE Sensex was buying and selling at 48,585.55, increased by 723.05 factors or 1.650 per cent and the NSE Nifty was at 14,536.60, up 195.15 factors or 0.35 per cent on the time.
