ICICI Bank Q2 net profit may rise 35% YoY on solid loan book, say analysts

ICICI Bank Q2 preview: Better credit growth, including for mortgages and unsecured loans, should drive up margins, leading to healthy core profitability, analysts said

ICICI Bank Q2 preview: Sandeep Bakhshi-led ICICI Bank could report around 35 per cent year-on-year (YoY) rise in net profit in the July-September quarter (Q2FY23), analysts expect. The bank, which is slated to report its quarterly earnings on Saturday, October 22, could also see high teen growth in its net interest income (NII), along with margin expansion.

Commentary on asset quality, traction in credit card and overall business, and general growth outlook, however, will be the key points to track, they said.

"Better growth, including for mortgages and unsecured loans, should drive up margins, leading to healthy core profitability,"