ICICI Financial institution shares shed 2 per cent in early trades to contact an intra-day low of Rs 330 in early trades. after the financial institution, on Saturday, reported a 26 per cent bounce in web revenue at Rs 1,221.36 crore for the quarter ended March 2020. At 9:40 am, the shares had recouped their losses and had been buying and selling flat at Rs 338.
ICICI Financial institution, the nation’s second largest personal sector lender by property, reported a standalone revenue of Rs 1,221.36 crore for the quarter ended March 31. That marked a rise of 26.04 per cent in comparison with its web revenue of Rs 969.06 crore within the corresponding interval a yr in the past.
ICICI Financial institution’s web curiosity earnings (NII) – the distinction between curiosity earned and curiosity expended – rose 17 per cent to Rs 8,927 crore within the fourth quarter of monetary yr 2019-20, in comparison with Rs 7,620 crore within the year-ago interval.
The Sensex had gained 613 factors or 1.9 per cent at 32,245 and the Nifty had added 170 factors or 1.7 per cent at 9,423 on the time.