Net interest margins, a measure of how lenders make on every loan sold, shrank to 4.43% in the three months ended Dec. 31, from 4.53% in the previous quarter.
ICICI Bank posted a 25.7 percent rise in its consolidated net profit at ₹11,052.60 crore in the December quarter as against ₹8,792.42 in the same quarter last year.
ICICI Bank: The private sector lender reported a 35.8 percent YoY rise in its standalone net profit to ₹10,261 for the second quarter of FY24 versus ₹7,557.84 crore in the year-ago period.
The Mumbai-based bank's standalone profit surged to Rs 10,261 crore for the quarter, marking a substantial increase from the Rs 7,557.84 crore reported in the same period the previous year.