ICICI Bank Q1 Preview: Strong loan growth to aid PAT; NIM may compress
ICICI Bank is expected to post a net profit of INR9,120 crore ($1.35bn) for the June quarter, up 32% YoY, on the back of strong loan growth. Net interest income is expected to rise by 35% YoY to INR17,850.3 crore. However, sequentially, net interest income is forecast to be up just 1% and the bank’s net profit will be flat.
