APN News

  • Saturday, May, 2024| Today's Market | Current Time: 03:43:26
  • ICICI Bank results: Saday Sinha, banking analyst, Kotak Securities

    Published on July 31, 2014

    “NII grew 17.6% YoY (ahead of expectations) on back of 5bps QoQ margin improvement to 3.40% in Q1FY15. Other income was also strong (14.7% YoY) aiding in healthy revenue growth. However, positive surprise came on lower new impairment (Rs.26 bn as against Rs34 bn in previous quarter). Reported headline NPLs remained stable with gross and net NPAs remaining at 3.05% and 0.99% (in absolute terms grew only 3-4% QoQ). We maintain our positive stance on ICICI bank and recommend BUY on the stock.”

    Source: Lokesh Shastri



    Leave a Reply