India’s number 1 private sector lender ICICI Bank has posted a phenomenal increase in net profit for the period Q4 (ending Mar 2011) of the current fiscal (FY11). During the said quarter, net profit surges 44.5% to Rs 1452 crore in comparison to the Rs 1,005 crore of Q4 (ending Mar 2010) of previous year(FY10). ICICI Bank Ltd. is the second largest bank in India after SBI, with more than 2,529 branches and 6,104 ATMs across the nation and abroad. The bank has branches in United States, Singapore, Bahrain, Hong Kong, Sri Lanka, Qatar and Dubai.
The bank informed the share market (BSE/NSE) that the total income/sales increased 23.3% to Rs 2,510 crore in quarter ended Apr 2011 when compared with the last years same quarter ended Apr 2010 which was Rs 2,035 crore.
Share’s Data :-
BSE Code : 532174
Mkt. Cap: Rs 128,339.32 Crores
ICICI Bank Ltd. share’s CMP is Rs 1,114.25 on 29th Apr 2011.
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