Correct option is B
The Correct Answer is: (b) 4.43%
Explanation:
In Q3 FY2024, ICICI Bank reported a Net Interest Margin (NIM) of 4.43%, reflecting strong core operating performance. NIM represents the difference between interest income
In Q3 FY2024, ICICI Bank reported a Net Interest Margin (NIM) of 4.43%, reflecting strong core operating performance. NIM represents the difference between interest income
generated and interest paid out, relative to the bank’s interest-earning assets.
The figure remained stable compared to the previous quarter and signifies the bank’s efficient lending and borrowing operations.
Information Booster:
• NIM is a key measure of a bank's profitability in lending operations.
• A higher NIM suggests better interest spread and risk management.
• ICICI Bank also reported a 17.4% YoY increase in net profit in Q3 FY2024.
• Strong NIM performance was aided by expanding loan book and CASA deposits.
• NIM is a key measure of a bank's profitability in lending operations.
• A higher NIM suggests better interest spread and risk management.
• ICICI Bank also reported a 17.4% YoY increase in net profit in Q3 FY2024.
• Strong NIM performance was aided by expanding loan book and CASA deposits.
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