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 

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.

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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