ICICI Bank Ltd.    
12 Oct 2020
416.95
0.98%
Edelweiss
Incorporated in 1994, ICICI Bank is one of India's largest bank
default
Number of FIIs/FPIs holding stock rose by 34 to 1375 in Sep 2020 qtr.
ICICI Bank Ltd.    
30 Sep 2020
416.95
0.98%
buy
Edelweiss decreased Buy price target of ICICI Bank Ltd. to 441.0 on 12 Oct, 2020.
ICICI Bank Ltd.    
17 Sep 2020
416.95
0.98%
Edelweiss
We have identified and decoded a few key trends from the Q1FY21 results of major private sector banks and tried to summarise the same below.
ICICI Bank Ltd. has an average target of 494.59 from 20 brokers.
ICICI Bank Ltd.    
01 Sep 2020
416.95
0.98%
LKP Securities
Strong COVID & Contingent provisioning and healthy 1QFY21 earnings acknowledge our conviction that ICICI Bank is preparing for sustainable, prudent and cautious growth despite some exceptional hiccups (moratorium book 17.5% V/s 30% earlier) owing to COVID. The bank has made COVID provisioning of 82.75bn in the previous two quarters. The total contingent provisioning (COVID + Standard + General) stands 2.1% of net advances which is the highest among peers. Considering the MORAT (17.5%) we expect ~2.5% of the book may come under stress post moratorium ends. The contingent provisioning is likely to be adequate to mitigate the stress. Furthermore, the bank has reported healthy 1QFY21 results with the key pointers...
default
Number of FIIs/FPIs holding stock rose by 34 to 1375 in Sep 2020 qtr.
ICICI Bank Ltd.    
25 Aug 2020
416.95
0.98%
ICICI Bank Ltd. is trading above all available SMAs
ICICI Bank Ltd.    
03 Aug 2020
416.95
0.98%
buy
Geojit BNP Paribas
In Q1FY21, Advances grew 6.5% YoY to Rs. 631,150cr, partially impacted by lockdown in April and May); Deposits grew by +21.3% YoY. Net interest margin contracted 18bps QoQ to 3.69% on slower growth in deposits led by subdued economy. Reported PAT was up 36.2% YoY. As the economy has largely opened up since June 2020, we expect double digit growth trajectory in advances along with healthy deposits. The bank's asset quality remains intact and digital transformation should aid growth. We reiterate our BUY rating on the stock with a...
ICICI Bank Ltd. has gained 18.50% in the last 1 Month
ICICI Bank Ltd.    
27 Jul 2020
416.95
0.98%
buy
Arihant Capital
NIMs at comfortable levels, costs came down as well: The bank's NIMs stood at 3.69% (up +16bps YoY/-18 bps QoQ) while the Cost of Funds stood at 4.61% (down -62bps YoY/-31bps QoQ) for Q1FY21 reflecting the fallen costs and increasing spread for banks amid the interest rate cuts by RBI. The bank's CASA fell to 42.5% (45.1% in Q4FY20), albeit due to...
ICICI Bank Ltd. has gained 18.50% in the last 1 Month
ICICI Bank Ltd.    
27 Jul 2020
416.95
0.98%
SMC online
ICICI Bank reported 36% growth in net profit at Rs 2599.15 crore for the quarter ended June 2020 (Q1FY2021) driven by strong growth in the net interest income as well as non-interest income. The bank has reduced expenses, support sharp increase in operating profit. The net interest margins of the bank has declined on sequential basis due to high liquidity, but it was higher over a year ago level. The bank has witnessed decline in the core fee income due to lockdown and moderation in loan growth. The business growth of the bank was steady at 14% end June 2020 mainly driven by surge in...
ICICI Bank Ltd. has an average target of 494.59 from 20 brokers.
ICICI Bank Ltd.    
27 Jul 2020
416.95
0.98%
BOB Capital Markets Ltd.
MPHL: Strong deal wins; DXC remains soft. ICICIBC: Prudent provisions reassuring
ICICI Bank Ltd. is trading above all available SMAs
ICICI Bank Ltd.    
27 Jul 2020
416.95
0.98%
Nirmal Bang Institutional
ICICI Bank reported a strong quarter with a 14.8% YoY growth in core operating profit. Growth in NII was 19.9% YoY and 4% QoQ, led by margin improvement of 8bps YoY to 3.69%. Sequentially, the margin declined by 18bps on the back of lower disbursements and surplus balance sheet liquidity as deposit inflows were robust. Total income (up 38.2% YoY and 17% QoQ) was boosted by stake sale gains in life and general insurance arms worth Rs30.4bn. Coupled with robust growth in core operating profit, the bank was able to create Rs55bn worth of covid-related contingent provisions even as the loan book under moratorium came down to 17.5% (June-end) from 30% (April-end). Fee income was affected...
Edelweiss decreased Buy price target of ICICI Bank Ltd. to 441.0 on 12 Oct, 2020.