ICICI Bank reported strong profitability with PBT growth at 20% YoY; PAT growth (up 550% YoY) not comparable due to one off impact of deferred tax in corresponding quarter last year. Asset quality on proforma basis improved with GNPA at 5.36% vs 5.46% QoQ; however slippage ratio was higher on sequential basis. Management said collection efficiency is at 97% of pre-covid levels for retail portfolio. NII grew by 16% YoY against a loan growth of 6% YoY; margins decline due to higher liquidity. PPoP grew by 20% YoY as cost to income ratio improved (38% vs 44% YoY). (ICICIB) is well prepared among its peers to weather the COVID-19 storm with a) highest PCR (at 81.5%), b) highest Covid-19...