ICICI Bank Q2 Review - Earnings Beat Continues: Centrum Broking

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..Centrum Broking Report.ICICI Bank Ltd.’s earnings were a beat led by a beat net interest margin, loan growth and fee income. Higher net interest margin was led by declining funding cost and lower interest reversals QoQ. On credit growth, traction in retail continues with momentum in mortgages sustaining while auto and personal loan/credit card loans saw a healthy uptick QoQ. Gross non performing asset/net non performing asset were lower and improved QoQ led by healthy recoveries. Although ICICI Bank's slippages were higher at 2.9% mainly led by retail, net slippages were lower at Rs 960 million due to strong recoveries of Rs 54.8 billion of which 94% was from retail/business banking. .Click on the attachment to read the full report:.DISCLAIMERThis 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.

ICICI Bank Q2 Review - Earnings Beat Continues: Centrum Broking

ICICI Bank Q2 Review - Earnings Beat Continues: Centrum Broking

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