ICICI Bank Q1 revenue: Up 50% YoY to Rs 6,905 crore; NII exceeded 21%

ICICI Bank on Friday reported a 50 percent rise in profit after tax (PAT) to Rs 6,905 crore from Rs 4,616 crore in the same quarter last year. The bank said its net income (NII) rose 21 percent to Rs 13,210 crore in the same quarter last year. The net income margin (NIM) for the … Read more

Axis Bank’s revenue rose 91% to Rs 412.5 billion on solid net investment growth.

Bank’s net interest margin (NIM) was 3.6 percent from April to June, down from 3.46 percent in the same period last year and 3.49 percent in the previous quarter.

Sensex, trading positive flats in volatile times. The biggest losers were Tata Motors, Kotak Bank, and Indus Bank.

The Wall Street index shows new evidence of inflation’s impact on American businesses and that the Federal Reserve’s reserves are expected to lead to a further significant rise in interest rates, with more indications that the central bank wants to cut interest rates. It fell based on the evidence. Please go straight ahead.