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After the disappointing March quarter (Q4) results, ICICI Bank’s stock plunged 5.2 per cent on Monday. The fall owed to the Street’s discomfort over 30 per cent of the bank’s loans by value being under moratorium and tepid management commentary.
Unlike its peers, ICICI Bank has been more watchful of the emerging situation. HDFC Bank and Axis Bank have said they would aim to maintain market leading/decent growth.
Analysts are also worried that the bank’s turnaround story may now pause because of the Covid-19-led business disruption.
ICICI Bank
