Sandeep Bakhshi

Money Moves

Leading the bank through FCNR(B)-driven margin compression

ICICI Bank's September-quarter net profit rose 20.1% to ₹14,843 crore, beating the ₹14,366 crore analysts expected. Its core lending business earned less: net interest margin, the gap between what the bank charges borrowers and pays depositors, fell to 4.18% from 4.36% in the June quarter.

Updated Oct 21