.

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 top banks operating in India and Overseas with high net interest margins. 

Kotak Mahindra Bank 

Kotak Mahindra Bank is a diversified financial services bank providing a wide range of banking and financial services including Retail Banking, Treasury, and Corporate Banking, Investment Banking, Stock Broking, Vehicle Finance, Advisory Services, Asset Management, Life Insurance, and General Insurance. 

With a market capitalization of Rs. 3,40,188 Crores, the shares of Kotak Mahindra Bank Limited were trading at Rs. 1,714, down 0.58 percent from its previous day’s close price of Rs. 1,724. 

Kotak Mahindra Bank Limited has reported a Net Interest Margin of 5.22 percent and a CASA Ratio of 47.7 percent. 

Its total income from operations grew by 31 percent from Rs. 18,371.64 Crores in Q3FY23 to Rs. 24,083.15 Crores in Q3FY24, accompanied by Net Profits of Rs. 3,995.05 Crores to Rs. 4,264.78 Crores. 

ICICI Bank 

ICICI Bank 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. 7,40,457 Crores, the shares of ICICI Bank Limited were trading at Rs. 1,057.85 down 0.33 percent from its previous day’s close price of Rs. 1,061.30. 

ICICI Bank Limited has reported a Net Interest Margin of 4.43 percent and an average CASA Ratio of 39.4 percent.

Its total income from operations grew by 24.27 percent from Rs. 47,859.5 Crores in Q3FY23 to Rs. 59,479.76 Crores in Q3FY24, accompanied by Net Profits of Rs. 8,792.42 Crores to Rs. 11,052.6 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. 3,34,056 Crores, the shares of Axis Bank Limited were trading at Rs. 1,085.15, down 1 percent from its previous day’s close price of Rs. 1,096.80. 

Axis Bank Limited has reported a Net Interest Margin of 4.01 percent and a CASA Ratio of 42 percent. 

Its total income from operations grew by 25.53 percent from Rs. 27,990.34 Crores in Q3FY23 to Rs. 35,136.83 Crores in Q3FY24, accompanied by Net Profits of Rs. 6,209.37 Crores to Rs. 6,493.36 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. 10,80,502 Crores, the shares of HDFC Bank Limited were trading at Rs. 1,423.65, up 0.21 percent from its previous day’s close price of Rs. 1,420.60. 

HDFC Bank Limited has reported a Net Interest Margin of 3.6 percent and a CASA Ratio of 38 percent. 

Its total income from operations grew by 112 percent from Rs. 54,122.84 Crores in Q3FY23 to Rs. 1,15,015.51 Crores in Q3FY24, accompanied by Net Profits of Rs. 12,698.32 Crores to Rs. 17,257.87 Crores.

State Bank of India 

State Bank of India is a banking and financial services provider, engaged in providing a wide range of products and services to individuals, commercial enterprises, commercial enterprises, etc. Its business segments include Treasury, corporate/wholesale banking, retail baking, insurance business, and other banking businesses. 

With a market capitalization of Rs. 677,645.78 Crores, the shares of State Bank of India Limited were trading at Rs. 759.85, up 0.11 percent from its previous day’s close price of Rs. 759.05. 

State Bank of India Limited has reported a Net Interest Margin of 3.22 percent and a CASA Ratio of 41.48 percent. 

Its total income from operations grew by 20.32 percent from Rs. 1,27,218.97 Crores in Q3FY23 to Rs. 1,53,071.64 Crores in Q3FY24, accompanied by Net Profits of Rs. 15,669.65 Crores to Rs. 11,282.66 Crores.

Written by Bharath KS 

Disclaimer

The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.