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Federal Bank will continue to evaluate smaller acquisitions across businesses but remains focused on organic growth, Executive Director Venkataraman V told NDTV Profit, without naming any potential target.
ICICI Bank reported a 20% rise in second-quarter net profit, helped by an 18% increase in core net interest income. However, core profitability edged lower as FCNR(B) deposits weighed on margins. NIM fell to 4.18%, while treasury operations swung to a loss amid higher government bond yields.