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ICICI Bank Q2: ICICI Bank on Saturday had reported a net profit at Rs 12,359 crore, higher than CNBC-TV18 poll of Rs 11,933 crore. The growth is aided by sharply lower provisions and strong core operating performance.

ICICI Bank reported a net interest income (NII) of Rs 21,529 crore, marking a 7% YoY rise and broadly meeting expectations, driven by strong loan growth and stable margins.

Net interest margins (NIMs) fell slightly by 4 basis points sequentially to 4.30%, outperforming Street estimates of a 14-bp decline, highlighting prudent balance sheet management and steady funding costs.

ICICI Bank’s pre-provision operating profit (PPOP) fell 8% QoQ to Rs 17,298 crore, impacted by lower treasury gains, though core operating momentum stayed strong. Non-interes

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