Shares of ICICI Bank tumbled 7.3 percent on Monday, their biggest fall in three years, on plans by India's second-biggest bank to raise $5 billion by selling new equity and on disappointing earnings.
ICICI
The firm, which had more than 28 million users at end-March, said net profit for the quarter grew 154 percent to 10.24 billion rupees, beating a Reuters survey of nine brokerages which forecast on average 9.02 billion.
Revenue for the quarter rose almost 33 percent to 39.37 billion rupees, but fell short of market estimates of 40.86 billion.
RCOM
ICICI
The firm, which had more than 28 million users at end-March, said net profit for the quarter grew 154 percent to 10.24 billion rupees, beating a Reuters survey of nine brokerages which forecast on average 9.02 billion.
Revenue for the quarter rose almost 33 percent to 39.37 billion rupees, but fell short of market estimates of 40.86 billion.
RCOM
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