Financial Times FT.com

ICICI earnings better than expected

By James Lamont in New Delhi

Published: October 27 2008 17:29 | Last updated: October 27 2008 17:29

ICICI Bank, India’s second-largest bank, found some respite from the punishment meted out to it on the Bombay Stock Exchange during the past month by reporting better-than-expected earnings.

Shares in ICICI rose 2.5 per cent to Rs316 ($6.3) after it reported a 1.1 per cent rise in quarterly net profit.

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