ICICI Bank Q1 2011 Results

ICICI Bank Q1 2011 Results
India’s second largest bank ICICI Bank is set to declare its first quarter results for FY 2011.According to Analyst estimates, its net profit is expected to go up 17% to Rs 1027.7 Crore from Rs 878.22 crore (YoY). Net interest income is seen going up 2.14% to Rs 2027.69 crore from Rs 1985.26 crore. Interest on Advances is Rs.3778.53 crore – down by 1% from previous qtr (Rs.3816.78 Cr) – down by 25.7% from corresponding qtr (Rs.5086.56Cr) – and proportionately (Q1 FY11 * 4) down by 13% from FY2010 (Rs.17372.73 Cr).

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