ICICI Bank profit spurts 20% on NII; core profitability a tad lower on FCNR(B)
60-Word AI Digest
ICICI Bank reported a 20% rise in second-quarter net profit, helped by an 18% increase in core net interest income. However, core profitability edged lower as FCNR(B) deposits weighed on margins. NIM fell to 4.18%, while treasury operations swung to a loss amid higher government bond yields.
Key Takeaways
- ICICI Bank reported a 20% rise in second-quarter net profit, helped by an 18% increase in core net interest income.
- However, core profitability edged lower as FCNR(B) deposits weighed on margins.
- NIM fell to 4.18%, while treasury operations swung to a loss amid higher government bond yields.
ICICI Bank reported a 20% rise in second-quarter net profit, helped by an 18% increase in core net interest income. However, core profitability edged lower as FCNR(B) deposits weighed on margins. NIM fell to 4.18%, while treasury operations swung to a loss amid higher government bond yields.
Original Publisher Attribution
This summary was curated from Economic Times.