ICICI Bank profit spurts 20% on NII; core profitability a tad lower on FCNR(B)

ICICI Bank reported a 20% rise in second-quarter net profit, helped by an 18% increase in core net interest income.

However, core profitability edged lower as FCNR(B) deposits weighed on margins.

NIM fell to 4.18%, while treasury operations swung to a loss amid higher government bond yields.