Home / Companies / Results / ICICI Bank Q2: Up to 4x jump in profit likely, loan growth seen at 6% YoY

ICICI Bank Q2: Up to 4x jump in profit likely, loan growth seen at 6% YoY

Emkay Global Financial Services note that the private lender has done the heavy-lifting on provisions in Q4FY20 and Q1FY21. Thus, incremental provisioning should be moderate leading to healthy profits

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The lender is scheduled to report Q2FY21 numbers on Saturday, October 31.

3 min read Last Updated : Oct 30 2020 | 1:25 PM IST

ICICI Bank, India’s second largest private bank by market-capitalisation, could report stellar improvement in its September quarter (Q2FY21) results on a yearly basis, riding on low base and better asset quality.

The lender, which is slated to declare its Q2 results on Saturday, October 31, may report up to 4-fold rise in its net profit, analysts say. Besides, reduction in bad loans, coupled with lower provisions (sequentially), may aid profitability.

BOB Capital, for instance, expects the bank’s profit to grow 453 per cent YoY to Rs 3,621.4 crore for the quarter under review, compared with a profit of Rs

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