ICICI Bank Beats Profit Forecast on Robust Lending Growth

ICICI Bank Ltd., India’s second-largest private lender, posted better-than-expected earnings on strong growth in its loan book.

Net income grew 8.5% to 137 billion Indian rupees ($1.5 billion) in the three months ended March 31 from a year earlier, according to a statement by the lender on Saturday. That topped the average estimate of 127.03 billion rupees in a Bloomberg survey of analysts.