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ICICI Bank Q4 Review: Earnings Quality Continues To Remain Superior; PL Capital Maintains 'Buy', Hikes TP

ICICI Bank's earnings quality remains best in the sector; superior core RoA at 2.1% in FY27, says PL Capital, maintaining Buy on the stock.

<div class="paragraphs"><p>ICICI Bank Ltd. saw yet another good quarter with core PAT beating the brokerage's estimate by 3.7% due to better asset quality; core pre-provision operating profit was in-line at Rs 166 billion. (Photographer: Vijay Sartape/NDTV Profit)</p></div>
ICICI Bank Ltd. saw yet another good quarter with core PAT beating the brokerage's estimate by 3.7% due to better asset quality; core pre-provision operating profit was in-line at Rs 166 billion. (Photographer: Vijay Sartape/NDTV Profit)
While ICICI Bank's loan growth was softer at 2.1% QoQ due to pricing pressure and slower system growth, reported net interest margin adjusted for tax refund of 2 bps improved by 14 bps QoQ to 4.4% despite tight liquidity.
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