ICICI Bank Q4 Review - Asset Quality Improves; 1% Covid-19 Provisions Buffer Remains: IDBI Capital
A security guard wearing a protective mask stands at the entrance to an ICICI Bank Ltd. branch (Photographer Prashanth Vishwanathan/Bloomberg)

ICICI Bank Q4 Review - Asset Quality Improves; 1% Covid-19 Provisions Buffer Remains: IDBI Capital

Bookmark

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.

IDBI Capital Report

ICICI Bank Ltd. transited through Covid-19 impacted FY21 with robust numbers:

  1. Improved asset quality,

  2. Restructured book at 0.5%,

  3. Core operating profit growth at 17% year-on-year and

  4. Strong credit growth at 14% YoY.

During Q4 FY21, asset quality improved with gross non performing asset at 4.96% versus 5.36% quarter-on-quarter (5.44% YoY) as slippage ratio declined sequentially.

Restructuring under Reserve Bank of India resolution framework stood at 0.5% of advances; 51% retail book and 49% corporate plus small medium enterprise book.

Management said impact of second wave could be determined in next one to two months; however well prepared with more than 1% of Covid-19 provisions.

Click on the attachment to read the full report:

IDBI Capital ICICI Bank Result Review.pdf

DISCLAIMER

This 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.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.