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.
Motilal Oswal Report
ICICI Bank Ltd. reported a strong Q2 FY22, led by healthy net interest income growth (11 basis points net interest margin expansion), strong fee income trends, and controlled provisions.
The bank reported a 5%/9% beat to our pre-provision operating profit/net earnings estimate and is progressing swiftly towards earnings normalisation.
ICICI Bank's business growth has picked up sharply, with domestic loans growing 4% QoQ, led by business banking (12%), retail loans (5%), small and medium enterprises (11%).
Most retail segments showed a robust pickup, with mortgage up 6% QoQ. A sharp recovery was seen in the unsecured portfolio, with personal loans/credit card growing by 6%/16% QoQ
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