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

Correct option is D

The correct answer is (d) 4.43%

Explanation:

• In Q3 FY2024, ICICI Bank's Net Interest Margin (NIM) was 4.43%. This figure represents the difference between the interest income generated by the bank and the amount of interest paid out to its lenders, relative to the amount of their interest-earning assets.
• The NIM is a key indicator of a bank's profitability. In the subsequent quarters, the NIM experienced slight declines, standing at 4.27% in Q2 FY2025 and 4.25% in Q3 FY2025. ​

Information Booster:

• Net Interest Margin (NIM): A higher NIM indicates that the bank is earning more from its lending activities compared to its interest expenses, reflecting efficient management and profitability.​

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