ICICI Bank Ltd.

ICICI Bank, India’s largest private sector lender is offering one per cent cash back on home loan’s gross equated monthly installment (EMI) value as part of a festival scheme. Through this offer bank will return one per cent of every EMI to the customer either in the form of a credit to their account or in the form of a principal pay-down. The bank will provide this offer till the end of December for new customers.

The bank has posted a rise of 30.13% in its net profit at Rs 1956.11 crore for the quarter ended September 30, 2012 as compared to Rs 1503.19 crore for the same quarter in the previous year. Total income has increased by 21.95% at Rs 12069.30 crore for quarter under review as compared to Rs 9897.17 crore for the quarter ended September 30, 2011.