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.
ICICI Direct Report
The Q2 FY21 performance and management commentary calmed the nerves on the banking sector on the back of a steady performance.
The collections trend saw a considerable improvement while initial commentary from management, industry data suggests the quantum of restructuring would be lower than anticipated earlier.
Outstanding contingency buffer seems to be adequate to take care of incremental stress thereby safeguarding any adverse impact on earnings trajectory.
Led by home, auto loans, emergency credit line guarantee scheme, disbursement are touching pre-Covid-19 levels with further improvement expected ahead.
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