ICICI adds â¹12,700 crore to m-cap despite profit falling 50%
Private sector lender ICICI Bank added over â¹12,700 crore to its market capitalisation on Tuesday even as its profit for March quarter fell by half to â¹1,020 crore. The bank said it will aim to lower its net bad loan ratio to 1.5% in two years from 4.77% now. The bank has a market capitalisation of â¹1.99 lakh crore.