Mumbai, April 19 -- ICICI Bank expects its net interest margins to come under pressure in the months ahead, as the Reserve Bank of India's repo rate cuts begin to bite. The private sector lender anticipates further easing from the central bank, a senior executive said on Saturday-offering a cautious outlook even as the bank reported strong earnings.

The bank reported a net interest margin (NIM) of 4.41% for the March quarter of FY25, up from 4.25% in the previous quarter. However, margins were largely flat compared to the same period last year, when NIM stood at 4.4%.

"The movement in NIM from Q3 to Q4 was primarily due to the impact of day count, which we had in a way highlighted earlier," Sandeep Batra, executive director of ICICI Ban...