ICICI Bank Q2 Profit Rises 20% Despite Lower Core Margins
ICICI Bank reported a 20% increase in its second-quarter net profit, driven by an 18% rise in core net interest income. However, core profitability slightly declined due to FCNR(B) deposits impacting margins. The net interest margin (NIM) fell to 4.18%, and treasury operations recorded a loss amid rising government bond yields.
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