All articles tagged with #asset quality
Moody's warns that the increasing involvement of retail investors in private credit markets could lead to liquidity and asset quality risks, as asset managers rush to meet demand with potentially lower-quality assets and products with periodic liquidity, raising concerns about transparency and market stability.
ICICI Bank, India's second-largest private lender, reported a record net profit of 96.48 billion rupees ($1.18 billion) for the April-June quarter, surpassing analysts' expectations. The bank's strong performance was attributed to higher interest income and loan growth. Net interest income rose by 38%, while net interest margin expanded to 4.78%. Despite expectations of margin compression, ICICI Bank's executive director expressed confidence in maintaining similar net interest margin for the year. The bank's asset quality remained stable, with gross non-performing assets at 2.76%. ICICI Bank plans to continue expanding its branch network.