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

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