BFSI - Q3 Earnings Call Highlights: ICICI Securities
A cashier counts Indian one hundred-rupee banknotes at bank in New Delhi. (Photographer: Prashanth Vishwanathan/Bloomberg)

BFSI - Q3 Earnings Call Highlights: ICICI Securities

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 Securities Report

In this compendium, we have put together Q3 FY21 and Q2 FY21 earnings call highlights for banking financial services and insurance companies (including a few companies under soft coverage).

Q3FY21 earnings were a true performance test for banks. In the quarter gone by, stress settled lower and growth, earnings and return profile is now looking up.

Key trends -

  1. Collection efficiency is inching closer to pre-Covid-19 levels, albeit not much incremental delta from October levels;
  2. Stress recognition (in the form of pro-forma slippages of 2-5%, Special Mention Account-2 pool) and invoked restructuring (at less than 1%) settled within or below the guided range.

Click on the attachment to read the full report:

ICICI Securities BFSI Concall Compendium .pdf

DISCLAIMER

This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

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