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ICICI Direct: BFSI Q2 Preview - Steady Performance Seen; Clarity On Restructuring In Focus

ICICI Direct: BFSI Q2 Preview - Steady Performance Seen; Clarity On Restructuring In Focus

An employee counts rupee currency notes inside a private money exchange office in New Delhi. Image used for representational purposes only.
An employee counts rupee currency notes inside a private money exchange office in New Delhi. Image used for representational purposes only.

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ICICI Direct Report

Unlocking of the economy, revival in operations to 80-85% of pre Covid-19 level, prudent restructuring norms by the Reserve Bank of India were highlights of the quarter.

Improvement in repayment trend has reduced moratorium book for most lenders from approximately 30% to approximately 9% by July end and further lower by August 2020 as moratorium ends.

Standstill classification continued till September as Supreme Court hears the compounding interest waiver case.

Clarity on extent of restructuring will stay in focus rather than headline non-performing asset numbers and quarterly earnings.

Click on the attachment to read the full report:

ICICI Direct Banking Q2FY21 Result Preview.pdf

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