ICICI Bank falls; adjusted profit below estimates

Source : REUTERS
Last Updated: Thu, Jul 31, 2014 15:25 hrs
A private security personnel stands guard outside an ICICI Bank branch in Kolkata

* Shares in India's ICICI Bank fall 1.2 percent despite better-than-expected earnings.

* Dealers cite disappointment after net profit when adjusted for other income comes actually below consensus.

* The other income section includes treasury gains of 1.03 billion rupees ($17.04 million), from the repatriation of overseas profits in the first quarter of the fiscal year, company data shows.

* ICICI Bank shares earlier rose as much as 1.1 percent.

($1 = 60.4500 Indian Rupees)


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