ICICI Bank Ltd, India’s biggest private sector lender, reported a record quarterly profit on Thursday, beating analysts estimates, on higher lending and fee income.
Net profit rose 15 percent to 27.09 billion rupees ($440.88 million) for its fiscal second quarter ended Sept. 30 from 23.52 billion rupees a year earlier, the Mumbai-based lender said in a statement.
Analysts on average had expected a net profit of 26.93 billion rupees for ICICI Bank, which is also listed in New York.
($1 = 61.4450 Indian rupees)