ICICI Bank has reported a healthy operating performance in 2QFY20 with NII and PPoP growing by 26% and 31%, respectively. Whilst higher-than-expected provisioning and one-time impact of DTA write-down impacted its bottom-line performance, improved fee-based income and higher treasury gain aided its other income. Asset quality parameters continued to improve with 12bps QoQ reduction in GNPA ratio to 6.4%, moderate annualised slippages at 1.6% and 160bps QoQ rise in PCR to 76%. However, the Bank's BB and below book remained sequentially stable at 2.6% of loans, mainly due to higher downgrades. CET 1 benefitted by ~25bps owing to the...