Dolat Capital: ICICI Bank - Moderation In Credit Costs Aids Profitability  
Customers standing in queue outside ICICI Bank Nerul branch. (Photo: BloombergQuint) 

Dolat Capital: ICICI Bank - Moderation In Credit Costs Aids Profitability  

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.

Dolat Capital Report

ICICI Bank Ltd. reported a robust operating performance with net interest income and pre-provision operating growth of 16% and 20% respectively.

Comeback in sequential fee growth, decline in provisions, and lower tax rate (approximately 19%) resulted in return on asset of 1.5% for the quarter.

Slippages were elevated at 2.8% including non-performing assets under standstill, though corporate slippages mainly pertained to 'BB and below' pool.

Nonetheless, gross NPA ratio declined QoQ by 10 basis points (including standstill NPAs) led by higher recoveries and write-offs.

Click on the attachment to read the full report:

Dolat Capital ICICI Bank Q2FY21 Result Update.pdf

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