ICICI Bank Posts All Round Strong Q3 Performance: Prabhudas Lilladher
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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.
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