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