ICICI Bank Q2 net profit rises 20% to ₹14,843 crore; NIM slips to 4.18% as bank flags further pressure in Q3
ICICI Bank reported a 20% year-on-year rise in Q2 net profit to ₹14,843 crore, supported by an 18% increase in net interest income. However, net interest margin narrowed to 4.18% from 4.36% in the previous quarter, with the bank expecting further pressure in Q3 due to foreign currency non-resident bank (FCNR-B) deposit mobilisation and branch expansion costs.
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