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.
Dolat Capital Report
ICICI Bank Ltd. reported a robust operating performance with net interest income and pre-provision operating growth of 16% and 20% respectively.
Comeback in sequential fee growth, decline in provisions, and lower tax rate (approximately 19%) resulted in return on asset of 1.5% for the quarter.
Slippages were elevated at 2.8% including non-performing assets under standstill, though corporate slippages mainly pertained to 'BB and below' pool.
Nonetheless, gross NPA ratio declined QoQ by 10 basis points (including standstill NPAs) led by higher recoveries and write-offs.
Click on the attachment to read the full report:
DISCLAIMER
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.
