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Profits at ICICI Bank (IBN -1.5%) rose 29% Y/Y for FY13 and 21% Y/Y for FQ4 as the firm...

Profits at ICICI Bank (IBN -1.5%) rose 29% Y/Y for FY13 and 21% Y/Y for FQ4 as the firm capitalized on healthy demand for retail loans. Lending for homes and autos should continue to grow at a 20% clip going forward, India's largest private bank says. Net interest margins (core banking) expanded to 3.3% from 3.1%. The bank's NPLs stood at just 2.68% of total lending and Tier-1 capital was 12.8% at the end of the quarter. (PR)
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