ICICI Bank Ltd. (ICICIB) is the largest private bank in India with business size stood at Rs10,227.9 bn as of Dec'31 2017. While the under provisioning for NCLT List 2 and RBI revised norms of stressed assets to increase provisions in the near term which will impact profitability, ICICIB is likely to get benefit on the back strong focus on retail segment, better rated corporates, robust liability franchise and declining slippage. The impact of NCLT loans provisioning and slippage from restructuring schemes would be limited given the huge business size of the bank. Further, the latest correction makes stock valuation attractive for investment perspective. Our...