BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Yes Securities Report
ICICI Bank Ltd.'s gross non-performing asset additions amounted to Rs 42.04 billion for the quarter, translating to an annualised slippage ratio of 1.9% in Q4 FY2.
Net interest margin at 4.0% was up 4 basis points QoQ, as increase in yield on advances outpaced the increase in cost of funds.
ICICI Bank's advances grew 5.5%/17.1% QoQ/YoY driven by healthy growth in retail, business banking and small and medium enterprise loans.
Total opex de-grew/grew down 0.4%/17.4% QoQ/YoY, employee expenses de-grew/grew down 2.3%/20.9% QoQ/YoY and other expenses rose 0.7%/15.7% QoQ/YoY.
Fee income rose 1.7%/14.4% QoQ/YoY driven by sequential traction across fee income streams.
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