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ICICI Bank shares end lower over net interest margin concerns


(Reuters) - Shares in ICICI Bank shed early gains to close lower on Thursday, as concerns about the lender's net interest margins weighed on the stock amid a rally in Indian equity markets. ICICI said on Wednesday its profit dropped in the third quarter, but the country's third-largest private sector lender by market value posted a fall in its gross bad loan ratio.That news was initially welcomed by markets, with its shares rising as much as 2.9 percent. However, ICICI reversed direction to fall as much as 3.2 percent over concerns on the net interest margins. The stock ended the session ...

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First Published: Thu, January 31 2019. 17:01 IST