ICICI Bank - Strong Q4; Beat On Most Counts: Dolat Capital

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. .Dolat Capital Report.ICICI Bank Ltd. reported an impressive set of numbers with net interest income and core pre-provision operating profit growing by 17% and 20% respectively. Pro forma gross non-performing assets improved by 46 basis points QoQ to 4.96%, led by lower than expected slippages at 3.2% and higher upgrades during Q4. Slippages were contained at 2.5% for FY21 against 2.45% in FY20. Sequential improvement in net interest margin by over 15 bps to 3.84% despite taking the impact of compound interest waiver was encouraging. Net interest margin benefitted from a continued decline in cost of funds and further reduction in overseas book..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 - Strong Q4; Beat On Most Counts: Dolat Capital

ICICI Bank - Strong Q4; Beat On Most Counts: Dolat Capital

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