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.
ICICI Direct Report
Led by standstill status from the Supreme Court, the gross non-performing asset ratio declined to 0.55% from 1.03% QoQ and net-non performing asset ratio came at 0.19% from 0.37% on a consolidated basis.
However, proforma GNPA and net non-performing asset surged to 2.86% and 1.22% respectively. Restructuring is at 1.4% of loans and has provisions of Rs 397 crore on it.
The company expects to revert to pre-Covid-19 NNPA by H1 FY22, except auto finance business which may take longer due to underlying collateral value.
During the quarter, the company has also done one-time principal write-off of Rs 1,970 crore, on account of Covid-19 related stress
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 author entity 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.
