ICICI Bank - Strengthening Its Leadership With A Best-In-Class Performance: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.ICICI Bank Ltd.’s annual report reaffirms our view that the bank is progressing well in its endeavor to strengthen its balance sheet, with a strong focus on the retail franchise. While the retail portfolio has been leading the overall loan growth, the small and medium enterprise and business banking portfolio grew 39% YoY in FY22 and constitutes 11% of total loans. Growth has been driven by InstaBIZ and merchant stack tools, which have improved operational efficiency and removed bottlenecks. ICICI Bank has one of the highest proportions of retail deposits, with a strong current account and savings account mix. Savings accounts per branch improved to Rs 664 million in FY22 versus Rs 461 million in FY20, indicating higher productivity at the branch level. This has aided the 59 basis points YoY decline in the cost of deposits to 3.5% in FY22..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

ICICI Bank - Strengthening Its Leadership With A Best-In-Class Performance: Motilal Oswal

ICICI Bank - Strengthening Its Leadership With A Best-In-Class Performance: Motilal Oswal

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