Research ReportsICICI Bank Q4 Results Review: IDBI Capital Maintains ‘Buy’ Rating With A New Target Price Of Rs 1,615
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ICICI Bank Q4 Results Review: IDBI Capital Maintains ‘Buy’ Rating With A New Target Price Of Rs 1,615
IDBI Capital revises estimates upwards led by better margins and maintains ‘Buy’ rating, hikes target price valuing parent business at Rs1,402 at 2.6X P/ABV FY27E and rest for the subsidiaries.
ICICI Bank reported slowdown in credit growth to 13% YoY versus 14% YoY (Q3 FY25) vs 15% YoY (Q2 FY25); while deposit growth remains stable at 14% YoY.
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ICICI Bank focuses on ‘customer 360’ to deliver consistent and predictable return to shareholders, which has helped improve its operational efficiency. We remain positive on ICICI Bank given its ability to maintain RoA above 2%.