ICICI Bank532174Banking
ICICI Bank posted healthy Q2 results with NII growth of about 17% YoY and improved asset quality
By ScoutQuest · · 1 min read
- NII growth YoY
- 17 percent
- Yield decline QoQ
- 47 basis points
- Slippages decline QoQ
- 13 percent
Heard on business television between 07:42:13 - 07:45:13 IST.
- NII grew around 17% on a year-on-year basis, led by corporate banking segment loan growth.
- Operating profit improved on better cost control.
- Margins impacted by FCNR drag and higher retail term deposits; yield declined 47 basis points aided by better funding cost quarter-on-quarter.
- Asset quality improved with slippages declining around 13% quarter-on-quarter; profitability exceeded expectations.
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