Mumbai, July 19 -- ICICI Bank Ltd expects further pressure on its net interest margins (NIMs) in the July-September quarter, as the full impact of the Reserve Bank of India's (RBI) rate cuts continues to play out.
The private lender's NIM-a key measure of profitability-has been steadily declining in recent quarters. It stood at 4.34% in April-June (Q1FY26), compared to 4.41% in the March quarter and 4.36% a year earlier. For the full FY24, the bank reported NIM of 4.53%, which fell to 4.32% in FY25.
"We do expect the NIM to sort of compress a little more in the next quarter. After that, we will see how it goes," said Sandeep Batra, executive director, ICICI Bank, told reporters after announcing the bank's Q1 results on Saturday.
Batra ...
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