ICICI Bank profit rises 20% on net interest income; core profitability slightly lower
FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM
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…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishQuarterly results of a major Indian bank, with lower margins and a treasury loss.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Second-quarter net profit rose 20%.
- 02Core net interest income increased 18%.
- 03NIM fell to 4.18% and treasury operations swung to a loss.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets