Question

ICICI Bank reported a 24% rise in net profit for Q3 2024, beating estimates. What was the Net Interest Margin (NIM) during this period?

• A. 4.63%
• B. 4.73%
• C. 4.23%
• D. 4.43%

Answer 1

Answer:

D. 4.43%

ICICI Bank's Net Interest Margin (NIM) for Q3 2024 was 4.43%. Net interest margin (NIM) was 4.25% in Q3 FY25 as compared to 4.43% in Q3 FY24. The bank's provisions (excluding provision for tax) rose by 16.89% to Rs 1,226.65 crore in the December 2024 quarter as against Rs 1,049.37 crore registered in same period a year ago.