Shares of ICICI Bank zoomed nearly 7% on the NSE and are among the top Nifty 50 gainers in today’s session. NII stood at Rs6,417.5cr as against Rs5,709.1cr, up 12.4% yoy. The beat on estimates was mainly on the back of low provisions and better NII growth.
The bank's Q2FY19 standalone revenue came in at Rs18,262cr, reflecting a decline of 2.7% yoy.
The bank has reported a net profit of Rs909cr in Q2FY19, (which is above consensus estimates of Rs730cr) vs. Rs2,058.19cr yoy.
Non-interest income, excluding treasury income was Rs3,191cr in Q2FY19 compared to Rs2,993cr yoy.
The bank's Q2FY19 standalone revenue came in at Rs18,262cr, reflecting a decline of 2.7% yoy.
The bank has reported a net profit of Rs909cr in Q2FY19, (which is above consensus estimates of Rs730cr) vs. Rs2,058.19cr yoy.
Non-interest income, excluding treasury income was Rs3,191cr in Q2FY19 compared to Rs2,993cr yoy.
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