ICICI Bank Posts All Round Strong Q3 Performance: Prabhudas Lilladher  
A security guard wearing a protective mask stands at the entrance to an ICICI Bank Ltd. branch (Photographer Prashanth Vishwanathan/Bloomberg)

ICICI Bank Posts All Round Strong Q3 Performance: 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 strong earnings of Rs 49.4 billion (our estimate Rs 40.9 billion) led by all round performance on core operations and slightly lower provisioning.

Asset quality on pro-forma basis was quite steady with controlled slippages, maintained provision coverage ratio of 77% and restructuring of 40 basis points of loans.

BB & below rated book saw increase from 2.4% to 2.6% although overlap with pro-forma non-performing asset or restructuring kept stress at similar levels.

Click on the attachment to read the full report:

Prabhudas Lilladher ICICI Bank Q3FY21 Result Update.pdf


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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.