We attended virtual Analyst Day hosted by ICICI bank which showcased the digital strategy of each business segment and data analytics are the key drivers to focus on the strategy from recognized as from a Bank to BankTech. Bank reiterates its strategy of One Bank, One ROE, and providing 360 solutions. Management highlighted that the focus is on data to maximize operating profits. Also, highlighted that culture in the organization is the key differentiator as technology and digitization can be replicated in any organization (Banking). We re-iterate BUY' with a TP of Rs.945, valuing parent business at Rs.799 (2.3X P/ABV FY24E) and rest for the subsidiaries; Valuing at 5-year average as...