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Financial Reports
ICICI bank review Q2 and brokerage views
ICICI bank review Q2 and brokerage views
ICICI Bank has posted strong numbers for Q2. The bank has witnessed an extremely strong growth with Net Interest Income rising 24.81% on a YOY basis to INR 11,690 crore and PPOP growing 20% versus the ET Now projection of 14%. Gross NPAs have fallen strongly for the bank to the 4.82% mark which will see the bank improve by 78 basis points in just one quarter. PAT grew at 29.64% on a YOY basis. The performance was followed by several brokerages upgrading ICICI Bank Target Price. Hersh Sayta takes us through the results as well as the commentary by management and views of brokerages.
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