ICICI Financial institution warns of extra margin strain as repo cuts chunk
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% in … Read more