ICICI Bank’s Earnings Soar on Surging Retail Loan Appetite
In a symphony of financial triumph, ICICI Bank Ltd. dazzled the world with its remarkable performance in the second quarter. The bank’s net income, akin to a phoenix, soared to an impressive 102.6 billion rupees ($1.2 billion) in the three months culminating on September 30, a significant ascent from the previous year’s 75.6 billion rupees. This extraordinary feat, as disclosed in an official statement on a tranquil Saturday, effortlessly eclipsed market expectations and sent ripples through the financial realm.