ICICI Bank shares surge 4%; breaches five-month high

Business

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By Sunil Fernandes

Updated: Monday, July 30, 2012, 11:40 [IST]

Shares of ICICI Bank surged to a five-month high following spectacular results reported on Friday. The shares of India's largest private sector lender hit a day's high of Rs 969.90 in intra-day trading.

The Bank posted good results for Q1 2013, with a reported 36 per cent jump in net profit to Rs 1,815 crore on a standalone basis.

The Bank saw a sharp growth of 22 per cent increase in advances to Rs 2,68,430 crore and a 16 per cent rise in deposits to Rs 2,67,794 crore.

The Bank's CASA ratio (Current Account plus Savings Account as a percentage of total deposits) declined 1.3 percentage points to 40.6 per cent.

The Bank's capital adequacy ratio was 18.54 per cent.

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