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ICICI Bank best placed to face NIM shock; analysts see up to 44% upside

ICICI Bank Q3 result review: ICICI Bank, on Saturday, reported a beat on profitability at Rs 8,312 crore, led by strong growth, superior margin delivery, and contained operating expenditure

ICICI Bank best placed to face NIM shock; analysts see up to 44% upside
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Nikita Vashisht New Delhi
ICICI Bank Q3 review: Brokerages have applauded private lender ICICI Bank's 'super normal' performance in the October-December quarter (Q3) of financial year 2022-23 (FY23), reiterating that the bank is best placed among large private peers to deliver growth, and absorb any macro/asset-quality shocks given healthy provisions and capital buffers.

According to analysts led by M.B Mahesh at Kotak Institutional Equities, ICICI Bank would be able to demonstrate strength over its peers given diversified and granular loan book may withstand a slowdown against adverse credit costs, and emphasis in building better customer experiences would aid in building better liability and low-risk

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First Published: Jan 23 2023 | 12:18 PM IST

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