ICICI Bank Foresees Margins to Moderate as Deposits Reprice
Private sector lender ICICI Bank expects to see some moderation in its net interest margin (NIM), reflecting the delayed effect of increase in deposit rates.
Its net interest margin – a key measure of profitability – stood at 4.78% in Q1 FY24, as against 4.9% in Q4 FY23, showing a decline of 12 basis points (bps). However, it was higher than the NIM of 4.01% in Q1 FY23.
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