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ICICI Bank net up 22% on lower provisions
ICICI Bank posted a 22 per cent increase in net profit to Rs 1,395 crore in the three months ended September 30, aided by a sharp fall in provisions for bad loans. The bank’s shares rose 6.5 per cent on the Bombay Stock Exchange to Rs 1,161.65, after profit figures exceeded analysts’ expectations. Provisions fell 40 per cent to Rs 641 crore from Rs 1,071 crore a year before, even as gross non-performing
ICICI Bank posted a 22 per cent increase in net profit to Rs 1,395 crore in the three months ended September 30, aided by a sharp fall in provisions for bad loans. The bank’s shares rose 6.5 per cent on the Bombay Stock Exchange to Rs 1,161.65, after profit figures exceeded analysts’ expectations. Provisions fell 40 per cent to Rs 641 crore from Rs 1,071 crore a year before, even as gross non-performing
Lunch with BS: Renuka Ramnath
The ‘mother of private equities’ says she is enjoying her comeback as an entrepreneur after her much-questioned exit from ICICI Ventures
The ‘mother of private equities’ says she is enjoying her comeback as an entrepreneur after her much-questioned exit from ICICI Ventures
Three Indians on Forbes powerful women list
Three Indian women — all from the corporate sector — find a spot on the Forbes list of 100 most powerful women in the world, topped by US First Lady Michelle Obama. Chennai-born PepsiCo CEO
ICICI sees 2010-11 loan growth above forecast
ICICI Bank, India’s second-largest lender, has said that loan growth in the current financial year should come to around 18 per cent; higher than an earlier forecast of 15 per cent. Owing to the
For-profit firms get role in financial inclusion
RBI allows companies with large retail presence to act as business correspondents; NBFCs are excluded from list.
RBI allows companies with large retail presence to act as business correspondents; NBFCs are excluded from list.
Bid for a CEO of your choice
Indian School of Business (ISB) students will now have the chance to ‘Shadow a CEO’ for a price — bid for India Inc’s Who’s Who and spend a day with one to get a few management tips.
Indian School of Business (ISB) students will now have the chance to ‘Shadow a CEO’ for a price — bid for India Inc’s Who’s Who and spend a day with one to get a few management tips.
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