ICICI Bank’s stock rallies toward a record as decline in net interest margin is seen ‘nearing its end’
Published: Jan. 22, 2024 at 10:20 a.m. ET Shares of ICICI Bank Ltd. rallied into record territory Monday as investors cheered the India-based bank’s fiscal third-quarter results, which showed that the compression in net interest margin was nearing its end. The results were a relief, because disappointing NIM results from rival HDFC Bank Ltd. HDB …