India's ICICI Bank Q1 net up 21 pct

Saturday, July 25, 2009 , Posted by Prasanth at 11:54 AM

ICICI Bank Ltd (ICBK.BO: Quote, Profile, Research), India's No.2 lender, on Saturday beat forecast with a 20.6 percent rise in net profit helped by higher trading income.

ICICI said net profit rose to 8.78 billion rupees ($182 million) in its fiscal first quarter ending in June, from 7.28 billion rupees reported a year ago.