Buoyed by a one-off treasury income from the sale of stake in its insurance subsidiaries, ICICI Bank’s (CMP: Rs 382, Mcap: Rs 247,292 crore) net profit increased 36 per cent year-on-year (YoY) to Rs 2,599 crore in the first quarter of FY21. Excluding the treasury income and making adjustment for income-tax refunds, ICICI Bank’s core pre-provision operating profit increased 18 per cent YoY, which is quite impressive. The strong operating profit was aided by a robust growth in net interest...
Moneycontrol Pro Panorama | GST: A simple, reliable tax still a distant dream?
May 20, 2022 / 04:41 PM IST
In today’s edition of Moneycontrol Pro Panorama: A peek into Strategy Lab, ITC makes it to Weekly Tactical, wide canvas for Nazara, shock proof your portfolio and moreRead Now
Moneycontrol Pro Weekender | Losing faith
May 7, 2022 / 10:05 AM IST
Central banks have a trust problem with financial markets over their ability to steer economies towards a soft landingRead Now
To read the full story, Subscribe to Moneycontrol PRO
Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience
Already a member? Sign in
Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to
Ad free experience
Experience a non-intrusive navigation and faster response in the ad free mode
Access to 230+ exclusive stories per month from our editorial and Experts
Have a Global edge with access to content from world renowned experts and journalist
Access to 40+ weekly investment ideas including 4 daily technical calls
Exclusive access to live webinars from market experts on trading and investment strategies
Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.
Get upto 50% discount on limited period offers