ICICI Bank - Continues Its Strong Show In Q4: Prabhudas Lilladher
Ms exterior of ICICI Bank (Photographer Vijay Sartape BloombergQuint)

ICICI Bank - Continues Its Strong Show In Q4: Prabhudas Lilladher

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.

Prabhudas Lilladher Report

ICICI Bank Ltd. reported a miss on earnings of Rs 44.0 billion (our estimate: Rs 49.5 billion) largely due to additional contingent provisions of Rs 10 billion to remain conservative given the emerged the second wave.

Bank in the past two-three years has a relentless focus on improving and building strong operating profitability and simultaneously moving to better-rated assets, renewed underwriting and credit delivery and mining of existing franchise strength.

This has led to strong loan and low-cost deposit growth leading to better risk-adjusted led profitability.

Click on the attachment to read the full report:

Prabhudas Lilladher ICICI Bank Q4FY21 Result Review.pdf

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