ICICI

ICICI Financial institution warns of extra margin strain as repo cuts chunk

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[ad_1] Mumbai: ICICI Financial institution Ltd expects additional strain on its internet curiosity margins (NIMs) within the July-September quarter, as the total impression of the Reserve Financial institution of India’s (RBI) fee cuts continues to play out. The non-public lender’s NIM—a key measure of profitability—has been steadily declining in latest quarters. It stood at 4.34% … Read more

Weak Credit Growth And Rate Cuts to Squeeze Profit at India’s HDFC, ICICI Banks

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[ad_1] (Bloomberg) — India’s top private-sector banks HDFC Bank Ltd. and ICICI Bank Ltd. could see profits come under pressure from loan growth at a three-year low and thinning margins driven by central bank rate cuts, as they report earnings this weekend. Margins face pressure from the Reserve Bank of India’s rate cuts — 100 … Read more