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INDIA'S ICICI BANK Q2 NET PROFIT SURGES TO US$58.9 MLN.

AsiaPulse News

| November 01, 2002 | COPYRIGHT 2002 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

MUMBAI, Nov 1 Asia Pulse - ICICI Bank (BSE:ICBK) has posted a net profit of Rs 2.85 billion (US$58.9 million) for the second quarter ending September 2002 as compared to Rs 661.5 million for the corresponding period last fiscal year.

The total income for the three month period stood at Rs 40.02 billion as against Rs 5.6 billion in Q2 last year.

For the six months ending September, the net profit was Rs 5.38 billion (Rs 1.31 billion) and total income was Rs 68.57 billion (Rs 11.55 billion).

The results for Q2 and the first half include results of ICICI Ltd and its subsidiaries, ICICI Personal Financial Services Ltd and ICICI Capital Services Ltd which were merged with the bank with effect from March 30, 2002, according to a bank statement.

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Source: HighBeam Research, INDIA'S ICICI BANK Q2 NET PROFIT SURGES TO US$58.9 MLN.

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