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.

US Markets Today

What’s Going Down in the US Stock Market? See the pros and cons above What happened today in the US stock market? Markets continued to decline for a third consecutive day as concerns over aggressive interest rate hikes continued to weigh on sentiment. The Nasdaq was down 1.1%, the Dow was down 1% and the … Read more

India’s Q1 GDP: Fastest Growth of the Year

India’s gross domestic product (GDP) grew 13.5% in the first quarter of this year (April to June), a significant increase from the 20.1% growth in the same period last year.