Packing batteries with more punch
Indian researchers are working on cells that can store more energy, last longer
Chanda Kochhar, MD and CEO
ICICI Bank, India’s second-largest lender, expects net interest margin for FY17 to be about 20 basis points lower than that of the March 2016 quarter level of 3.37 per cent.
The margin would be impacted as the bank is seeking to improve its credit mix driven by focus on retail lending and lending to higher-rated corporates, where yield on advances are typically lower. Further, provisions for bad loans are expected to remain elevated in FY17.
Net interest margin (NIM) is considered to be an important measure of efficiency in the financial sector. NIM is measured as the excess of interest income over interest expense divided by the average interest earning assets. Chanda Kochhar, MD and CEO, in a post results conference call with analysts, said her bank has worked out its capital allocation exercise and on that basis more capital will be allocated to retail business and less would be consumed by the corporate segment.
NS Kannan, Executive Director, observed that there are significant uncertainties around future trends and it is expected that non-performing asset (NPA) additions will continue to be at elevated levels in FY17.
Given the uncertainties around the corporate segment, and the ageing-based provisions on existing NPAs, provisions are expected to remain elevated in FY17, he explained.
Rakesh Jha, CFO, said the fact that pricing will be competitive on retail and corporate segments is also factored into the outlook for overall margins.
Indian researchers are working on cells that can store more energy, last longer
To fix a broken bone, doctors often harvest another bone from the patient’s body or from someone else. It ...
Superconductors from IIScScientists at IISc Bangalore have invented a device with a nanocrystal structure ...
Engineering and construction giant L&T has won a licence from the Council of Scientific & Industrial ...
Option price falls more than it rises for the same change in underlying
A long-term vacation here is worth a check-in
The fund delivered a return of 31.5% in 2020 compared with the category’s 15.5%
Care Health Insurance’s new rider offers no great benefit. We review its pros and cons
In these isolated times when people yearn for a slice of the familiar, amateur and professional chefs are ...
While good writing wars against the cliché, television gives it a natural home
India is ready with two vaccines to beat the deadliest virus of recent times. The immunisation drive, however, ...
The storming of the Capitol on January 6 could be the prelude to yet another chapter in the US’s long and ...
Digital is becoming dominant media, but are companies and their ad agencies transforming fast enough to make a ...
Slow Network, promoted by journalist-lyricist Neelesh Misra, pushes rural products and experiences
How marketers can use the traditional exchange of festive wishes meaningfully
For Fortune, a brand celebrating its 20th anniversary, it was a rude shock to become the butt of social media ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor