The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
icici bank poised for strong q2 growth amid healthy loan and deposit surge
ICICI Bank is set to report strong Q2FY25 results, driven by robust loan and deposit growth, with net interest income expected to rise 14% YoY to Rs 20,845 crore and profit projected to increase by 7% YoY to Rs 10,667 crore. Analysts anticipate limited margin contraction and no significant asset quality stress. The results will be released on October 26, 2024.
Indian markets plunge as Sensex drops 931 points amid widespread sell-off
Indian benchmark indices faced significant declines on October 22, with the Nifty dropping below 24,500 and the Sensex falling by 930.55 points, or 1.15%, to close at 80,220.72. The market was impacted by extended selling, poor global cues, and weak sector performance, with major losers including Adani Enterprises, M&M, and Tata Steel, while ICICI Bank and Infosys were among the few gainers. All sectoral indices ended in the red, with declines of 2-3% across various sectors.
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