the country’s second largest private sector lender by means and request capitalisation, is likely to show double- number growth in earnings for the quarter ended September 2021, with anticipated decline in vittles, and solid commentary.

The share price has given strong returns of 20 percent since the morning of September 2021 quarter and 30 percent in the current fiscal time FY22. Now the road will nearly watch whether the bank can deliver earnings to support the stock price or not.
Experts largely anticipate profit to grow in the range of 17-25 percent, and net interest income to rise around 19 percent compared to a time-ago quarter, with steady periphery and 16-17 percent increase in loan growth for the quarter.

Prabhudas Lilladher expects earnings to remain steady on lower cost of finances, while corepre-provision operating profit (PPOP) to grow at 13 percent YoY. The brokerage, which has buy call on the stock with a target price of Rs 819, expects net interest income growth at18.6 percent, profit to increase 17 percent and loan book growth at16.8 percent YoY.
“ICICI Bank should continue undeterred on its loan growth especially retail and both slippages/ vittles should be under important control and remain stylish of the lot on asset quality criteria,” said Prabhudas Lilladher.
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Kotak Institutional Equities expects PPOP to grow 14 percent YoY as the base quarter had a minor stake trade of ICICI Securities of Rs 300 crore.”Loan growth would be stable at around 15 percent. Net interest periphery ( core) would remain stable QoQ at3.8-3.9 percent.”

The brokerage also said vittles are anticipated to decline QoQ as the bank is likely to use some of the Covid vittles made in FY2021.”We’re erecting slippages of2.1 percent (Rs crore) but we see a solid commentary on recovery to regularized situations of their loan book from an asset quality perspective.”

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In the quarter ended June 2021, asset quality was weakened with the grossnon-performing means as a chance of gross advances rising 19 bps QoQ to5.15 percent and net NPAs climbing 2 bps to1.16 percent. One percent is equal to 100 base points.

The bank had reported a loan growth of 17 percent and deposits had grown by 16 percent in the June 2021 quarter.