ICICI Bank Net profit Increased 2.4% @ Buy ICICI Bank report for Investment

ICICI Bank’s net profit in the second quarter of fiscal 2017 increased by 2.4 percent to Rs 3102 crore. ICICI Bank’s net profit in the second quarter of fiscal year 2016 was Rs 3030 crore.

ICICI Bank in the second quarter of fiscal 2017, interest income was flat and Rs 5253.3 crore. In the second quarter of fiscal year 2016, interest income of ICICI Bank stood at Rs 5251.5 crore.

Qoq in the July-September quarter, ICICI Bank’s gross NPAs rose from 5.87 percent to 6.82 percent. On a quarterly basis in the July-September quarter, ICICI Bank’s net NPAs increased to 3.35 percent to 3.57 percent.

ICICI Bank Investmnet Tips

Long Term Investor’s can Buy ICICI Bank at around 270 to 273 targets 290, 305 Stop loss 253. you can hold it 1 month.

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