India's ICICI Bank Q1 net down 6.1 pct, misses f'cast

MUMBAI, July 26 (Reuters) - ICICI Bank (ICBK.BO: Quote, Profile, Research, Stock Buzz), India's second-largest bank, on Saturday reported a 6.1 percent fall in in quarterly net profit, missing forecasts, as investment losses and slowing credit growth hit earnings.

The country's leading private-sector bank (IBN.N: Quote, Profile, Research, Stock Buzz), which is also listed in New York, said net profit in April-June, was 7.28 billion rupees ($172 million), down from 7.75 billion rupees reported a year ago.

A Reuters poll of analysts had forecast a 8.1 percent rise in net profit to 8.38 billion rupees for the fiscal first quarter.

Shares in ICICI Bank fell 18 percent in the June quarter, lagging the benchmark index .BSESN 14 percent fall, but outperforming the sector index 23 percent drop ($1=42.3 Indian rupees) (Reporting by Narayanan Somasundaram; Editing by Lincoln Feast)