CASA deposits grew by 21.6% YoY and average CASA ratio stood at 44.9% (vs. 41.8% in Q3FY21). Total loans increased 16.4% YoY. Although the quarter saw inflated costs and stress on margins, we remain positive on the stock with solid balance sheet and necessary steps taken to make product mix favorable. Hence, we reiterate our BUY rating on the stock with a rolled forward target price of Rs. 944 based on SOTP. Lower provision aids bottom-line In Q3FY22, ICICI Bank reported Net Interest Income of Rs. 12,236cr (+23.4% YoY) and...