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ICICI Bank’s net profit rose a greater-than-expected 40% in the June quarter from the year earlier on higher interest income and treasury gains. Net profit rose to ₹9,648 crore from ₹6,905 crore. Analysts polled by Bloomberg had estimated first-quarter net profit at ₹9,222 crore.
The G20 Energy Transition Ministerial Meeting ended without any joint communique because of differences over the Russia-Ukraine war and the pace of acceleration in renewable energy deployment to achieve climate goals.
Kotak Mahindra Bank on Saturday reported a nearly 67% increase in standalone net profit for the fiscal first quarter, boosted by a robust increase in net interest income amid also an improvement in asset quality.
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