IDBI Capital: ICICI Bank Q2 Review - Collection Efficiency At 97% Of Pre-Covid-19 Levels 
Exterior of ICICI Bank Ltd. (Photo: BloombergQuint)

IDBI Capital: ICICI Bank Q2 Review - Collection Efficiency At 97% Of Pre-Covid-19 Levels 

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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. reported strong profitability with profit before tax growth at 20% YoY; profit after tax growth (up 550% YoY) not comparable due to one off impact of deferred tax in corresponding quarter last year.

Asset quality on proforma basis improved with gross non-performing asset at 5.36% versus 5.46% QoQ; however slippage ratio was higher on sequential basis.

Management said collection efficiency is at 97% of pre-Covid-19 levels for retail portfolio.

Click on the attachment to read the full report:

IDBI Capital ICICI Bank Q2FY21 Result Update.pdf

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