Banks play a pivotal role in capital formation by providing loans to investors, thus removing capital deficiency and converting dormant money into active capital through interest payments to customers.
The Net Interest Margin is one of the metrics that signifies the profitability, efficiency, and performance of a bank by measuring and comparing the interest income generated from credit products such as loans, and mortgages, and the interest expenses associated with holding deposits and other liabilities.
Here are some of the Listed Banks that have High Net Interest Margins of upto 4.40 percent as of Q4FY24.
ICICI Bank
ICICI Bank Limited is one of the largest private-sector banks offering a diversified portfolio of banking and financial services including Retail Banking, Treasury, and Corporate Banking, Investment Banking, Stock Broking, and many more catering to all kinds of clients.
With a market capitalization of Rs. 8,09,361 Crores, the shares of ICICI Bank Limited closed at Rs. 1,152.05, down 0.58 percent from its previous day’s close price of Rs. 1,158.80.
ICICI Bank Limited has reported a Net Interest Margin of 4.40 percent and a CASA Ratio of 38.9 percent.
Its total income grew by 24.58 percent from Rs. 53,922.75 Crores in Q4FY23 to Rs. 67,181.70 Crores in Q4FY24, accompanied by profits of Rs. 9,852.70 Crores to Rs. 11,671.52 Crores.
IndusInd Bank
IndusInd Bank offers a wide range of products and services for individuals and corporates, including microfinance, personal loans, personal and commercial vehicle loans, credit cards, small to medium enterprise (SME) loans, and many more.
With a market capitalization of Rs. 1,17,962 Crores, the shares of IndusInd Bank Limited closed at Rs. 1,515.60, up 1.87 percent from its previous day’s close price of Rs. 1,487.75.
IndusInd Bank Limited has reported a Net Interest Margin of 4.26 percent and a CASA Ratio of 38 percent.
Its total income grew by 20.80 percent from Rs. 12,174.31 Crores in Q4FY23 to Rs. 14,706.66 Crores in Q4FY24, accompanied by profits of Rs. 2,043.36 Crores to Rs. 2,349.15 Crores.
Axis Bank
Axis Bank is the third-largest private bank in India offering an entire spectrum of financial and banking services like advisory services, retail banking, treasury and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, and many more.
With a market capitalization of Rs. 3,60,020 Crores, the shares of Axis Bank Limited closed at Rs. 1,166.15, up 0.58 percent from its previous day’s close price of Rs. 1,159.45.
Axis Bank Limited has reported a Net Interest Margin of 4.07 percent and a CASA Ratio of 43 percent.
Its total income grew by 26 percent from Rs. 30,018.03 Crores in Q4FY23 to Rs. 37,836.1 Crores in Q4FY24, accompanied by a loss of Rs. 5,371.18 Crores to a profit of Rs. 7,613.55 Crores.
HDFC Bank
HDFC Bank is one of India’s leading private banks, it is engaged in providing a range of banking and financial services including retail banking, wholesale banking, and treasury operations.
With a market capitalization of Rs. 11,52,489 Crores, the shares of HDFC Bank Limited closed at Rs. 1,517.05, down 0.77 percent from its previous day’s close price of Rs. 1,528.80.
HDFC Bank Limited has reported a Net Interest Margin of 3.6 percent and a CASA Ratio of 38 percent.
Its total income grew by 117.62 percent from Rs. 57,158.84 Crores in Q4FY23 to Rs. 1,24,391.35 Crores in Q4FY24, accompanied by profits of Rs. 12,594.47 Crores to Rs. 17,622.38 Crores.
Written by: Bharath K.S
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