ICICI Bank's asset quality metrics continued to show strength, with ~50 bps of credit costs and contained slippages at 1.9%. (Photo Source: Vijay Sartape/ NDTV Profit)
ICICI Bank reported a robust quarter with higher-than-expected net interest margin (-5 bps ex of one-offs), elevated treasury gains and strong dividend income aiding a PAT beat. Asset quality metrics continued to show strength, with ~50 bps of credit costs and contained slippages at 1.9%. Loan growth at 2% QoQ was driven by SME (+4%) and home loan (+2%).