ICICI Bank Q4 Review - Pulling Further Into The Lead; Happy Trade-Offs Ahead: HDFC Securities

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..HDFC Securities Institutional Equities.ICICI Bank Ltd. delivered yet another strong quarter, with superior all-round balance sheet metrics (growth and asset quality), reflecting in up 59% YoY growth in net profit. The bank continued to gain traction on both sides of the balance sheet, with average current account and savings account clocking 45% and YoY loan growth at 17%. Net slippages were negative, resulting in negligible credit costs (adjusted for contingent provisions), as the stressed pool (restructured portfolio at 1%, BB and below portfolio at 1.3%) declined 40 basis points sequentially.With its ecosystem approach of servicing corporate clients beginning to mature and continued investments in targeting new-to-franchise retail customers, ICICI Bank is now faced with a pleasant trade-off between pressing the growth accelerator to further build on its market share gains and maximising profitability, although incremental return on asset reflation is likely to be marginal..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 Q4 Review - Pulling Further Into The Lead; Happy Trade-Offs Ahead: HDFC Securities

ICICI Bank Q4 Review - Pulling Further Into The Lead; Happy Trade-Offs Ahead: HDFC Securities

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