ICICI Bank Ltd. share price target

Buy on dips to Rs 281- Rs 296 for Target of Rs 336 in 1 quarter

Background: ICICI Bank is India's 2nd largest bank with Assets of INR 7.4tn. Network: Branches 3880, ATMs 12,091, presence in 19 countries. Focus is on retail lending representing ~40% of total loans while International and Corporate are the new growth drivers. The bank holds near market leadership in almost all its businesses including Mortgages, Auto Loans, Commercial Vehicle loans, Life Insurance, General Insurance, and Asset Management. Its subsidiaries ICICI Venture...

YoY to Rs29.2 bn. Gross NPA increased during thequarter, on accountof higher slippages from the restructured loan book. Fresh restructuring were at Rs12.5bn and with slippage fromrestructuredloanamountingtoRs22.5bn,theoutstandingrestructuredbookdeclined...

ICICI Bank's Q4FY15 results were in- line with estimates as the earnings grew by 10.2% YoY (1.1% QoQ) to Rs 29.2 bn. NII has reported a strong growth of 16.6% YoY (5.6% QoQ) to Rs 50.8 bn. Advances grew by 14.4% YoY and 3.2% QoQ led by strong growth in retail advances.

largest bank with Assets of INR 7.4tn. Network: Branches 3880, ATMs 12,091, presence in 19 countries. Focus is on retail lending representing ~40% of total loans while International and Corporate are the new growth drivers. The bank holds near market leadership in almost all its businesses including Mortgages, Auto Loans, Commercial Vehicle loans, Life Insurance, General Insurance, and Asset Management. Its subsidiaries ICICI Venture...

largest bank with Assets of INR 7.4tn. Network: Branches 3815, ATMs 11,739, presence in 19 countries. Focus is on retail lending representing ~40% of total loans while International and Corporate are the new growth drivers. The bank holds near market leadership in almost all its businesses including Mortgages, Auto Loans, Commercial Vehicle loans, Life Insurance, General Insurance, and Asset Management. Its subsidiaries ICICI Venture Funds, ICICI Pru...

largest bank with Assets of INR 7.4tn. Network: Branches 3,763, ATMs 11,447, presence in 19 countries. Focus is on retail lending representing ~40% of total loans while International and Corporate are the new growth drivers. The bank holds near market leadership in almost all its businesses including Mortgages, Auto Loans, Commercial Vehicle loans, Life Insurance, General Insurance, and Asset Management. Its subsidiaries ICICI Venture Funds, ICICI Pru...

ICICI Bank is India's 2 largest bank w ith Assets of INR 5.94tn. Netw ork: Branches 3,753, ATMs 11,315, presence in 19 countries. Focus is on retail lending representing 39% of total loans w hile International and Corporate are the new growth driv ers. The bank holds near market leadership in almos t all its businesses including Mortgages, Auto Loans, Commercial Vehicle loans, Life Insurance, General Insurance, and Asset Management. Its subsidiaries ICICI Venture Funds, ICICI Pru...

ICICI Bank is India's 2 largest bank w ith Assets of INR 5.37tn. Netw ork: Branches - 2,760, ATMs - 9,363, presence in 19 countries. Focus is on retail lending representing 35% of total loans w hile International and Corporate are the new growth driv ers. The bank holds near mar ket leadership in almost all its businesses including Mortgages, Auto Loans, Commercial Vehicle loans, Life Insurance, General Insurance, and Asset Management. Its subsidiaries ICICI Venture Funds, ICICI Pru...

ICICI Bank is India's 2nd largest bank w ith Assets of INR 5.37tn. Netw ork: Branches - 2,760, ATMs - 9,363, presence in 19 countries. Focus is on retail lending representing 35% of total loans while International and Corporate are the new growth drivers. The bank holds near mar ket leadership in almost all its businesses including Mortgages, Auto Loans, Commercial Vehicle loans, Life Insurance, General Insurance, and Asset Management. Its subsidiaries ICICI Venture Funds, ICICI Pru...