News about net interest margin

ICICI Bank (NYSE:IBN) reported profit before tax of INR 199.5 billion, up 23.4% year over year excluding treasury results, and consolidated profit after tax of INR 163.3 billion, up 22.3%. Total deposits rose 27.1% and loans grew 30%, helped by USD 18 billion in FCNR (B) deposits mobilized under a one-off regulatory opportunity. Net interest margin fell to 4.18% from 4.36% in the previous quarter, which management attributed to a higher share of overseas branch assets and a sharp rise in retail term deposits. The net NPA ratio improved to 0.30% from 0.35% in June, and CET1 stood at 16.01%. Management said the full margin impact would show in the third quarter, with a recovery expected in the fourth, while ICICI General's combined ratio rose to 107% from 105.1%.