ICICI Bank Q3 Review - Growth Outlook Getting Stronger: Motilal Oswal 
People exit the ICICI Bank Towers, in Mumbai, India. (Photographer: Prashanth Vishwanathan/Bloomberg News)

ICICI Bank Q3 Review - Growth Outlook Getting Stronger: Motilal Oswal 

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Motilal Oswal Report

ICICI Bank Ltd. reported a strong Q3 FY21, with earnings driven by steady revenue growth, controlled opex, and lower provisions.

Loan growth is showing a strong revival in both wholesale, small and medium enterprise, and retail, with disbursement in many business segments crossing pre-Covid-19 levels, led by festive demand, improving economic outlook, and strong digital ecosystem build by the bank across business segments.

On the asset quality front, controlled slippages led to a 6 basis point QoQ rise in the pro-forma gross non-performing asset ratio, while total restructuring stood at 0.4% of loans (versus 1% guided earlier).

Click on the attachment to read the full report:

Motilal Oswal ICICI Bank Q3FY21 Result Update.pdf


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