Prabhudas Lilladher: ICICI Bank Back With Digital 2.0 Much Better Than FY20
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Prabhudas Lilladher Report
ICICI Bank Ltd.’s analyst day showcased version digital 2.0 (1.0 was held last year) which moved one step ahead with Covid-19 pandemic accelerating some initiatives, tweaking a few and simultaneously embarking some new ones.
Based on presentations the bank continues to embrace on ‘One Bank One ROE’ principle with retained focus on core operating profitability by either improving revenue lines or by reducing cost/improving efficiency via digital.
The bank has immensely benefitted from this despite some hiccups, but then for the next few years, we see these initiatives clearly supporting business growth and enhancing operating profitability.
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