Sat, Jan 20, 2024
ICICI Bank reported a better-than-expected net profit for the October-December period on Saturday, January 20.
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Wed, Jan 17, 2024
Consolidated profit after tax for ICICI Securities for the December quarter came in at Rs 466 crore, which was higher by 65.8 per cent from Rs 281 crore Year-on-Year (YoY). Consolidated revenue for the company also saw a jump of 50.5 per cent to Rs 1323 crore from Rs 879 crore.
Mon, Jan 15, 2024
According to IDBI Capital Markets, although economic momentum likely continued in the October-December period, the RBI’s regulatory action on unsecured portfolios could play spoilsport for the BFSI sector as a whole.
Wed, Feb 03, 2021
Large private banks have emerged stronger post crisis, balance sheets are strongest ever, and growth/market share is accelerating. Expect RoAs to near/cross previous peaks, which will drive multiples much above long-term averages. Morgan Stanley now factor this in their price targets and see 30-40% upside.
Tue, Feb 02, 2021
ICICI Bank, India’s second-largest private lender, has recorded an impressive 19% year-on-year growth to Rs. 4,940 crore in profit after tax (PAT) for the quarter ended December 31, 2020.
The Union Budget 2021-22 highlights a significant shift in the government’s fiscal policy stance. Growth has taken precedence over fiscal prudence and the government proposes to substantially increase outlay for healthcare, infrastructure development & other capital expenditure programs. The Union Budget proposes pragmatic measures to raise resources through aggressive privatisation and monetisation of assets of public sector entities.
Mon, Feb 01, 2021
Q3 FY21 numbers of ICICI Bank were strong with operational results coming in line with expectations. However, asset quality performance and loan growth were encouraging. Net interest income (NII) rose by 16% yoy and 5.8% qoq to Rs 9912 cr, matching expectations. PAT came in at Rs 4940 cr, up 19% yoy and 16% qoq, in line with estimates.
Shares of ICICI Bank rose as much as 5.2% to an all-time high on Monday, after India`s second-largest private lender reported strong December quarter results buoyed by improved loan growth.
ICICI Bank delivered strong Q3 FY21 results with a big core PPOP beat (+17.7% YoY), just 1.1% slippage and less than 0.4% in restructuring, leading to almost normalised profitability in Q3 FY21 itself (14% ROE). The retail slippage spike (2x vs FY20) was better than expected and corporate slippage of 1% of loans was a big positive surprise, and highlights its improvement in underwriting over the past 3-4 years.
Budget 2021 Stock Picks: While the Union Budget 2021 is just a few hours away, stock market investors and jobbers are jittery as to which way the market will go post-budget presentation.
Sun, Jan 31, 2021
FD Rates in ICICI Bank: Fixed Deposit being one of the most favoured risk-free short-term investment options among the Indian investors, FD is one of the most focussed business among banks.
Fri, Jan 29, 2021
Private sector lender ICICI Bank on Friday settled with markets regulator Sebi a case pertaining to alleged failure against victimisation of the whistle-blower, after paying Rs 28.40 lakh towards settlement charges.
Thu, Jan 28, 2021
Sumeet Bagadia, Executive Director of Choice Broking recommends buying in SBI, Yes Bank, ICICI Bank and ACC for market participants. While SBI is the largest PSU Bank in the Banking Sector, ICICI Bank and Yes Bank are from the private banking space while ACC is from the cement sector. The detailed technical analysis of the 4 stocks is highlighted below for better understanding of readers.
Wed, Jan 27, 2021
SBI vs HDFC Bank vs ICICI Bank - Senior Citizen Special FD Scheme: During COVID-19 outbreak, fixed deposit interest rates have gone down drastically. However, it is one of the most favoured investment options among senior citizens.
Tue, Jan 26, 2021
FD Calculator - SBI vs PNB vs Axis Bank: Fixed deposit (FD) is one of the most popular risk-free short-term investment options among the Indian investors.
Wed, Jan 20, 2021
The RBI on Tuesday said state-owned SBI, along with private sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions which are 'too big to fail'.
Mon, Jan 18, 2021
Sumeet Bagadia, Executive Director of Choice Broking recommends buying in SBI, ICICI Bank and Yes Bank for market participants. While SBI is the largest PSU Bank in the Banking Sector, ICICI Bank and Yes Bank are from the private banking space. The detailed technical analysis of the 3 stocks are highlighted below for better understanding of readers.
Fri, Jan 15, 2021
ICICI Bank is giving discount on top brands when you shop on bank’s credit card, debit card, internet banking and Pockets
Thu, Jan 14, 2021
Private sector bank ICICI Bank and fintech firm Niyo have announced a tie-up to issue prepaid cards to workers of Micro, Small & Medium Enterprises (MSMEs).
SBI vs HDFC Bank vs ICICI Bank - Senior Citizen Special FD Scheme: SBI, HDFC Bank and ICICI Bank have extended this offer till 31st March 2021.
Motilal Oswal says while Liquidity and rates remain supportive; earnings are revived. Despite the COVID-related challenges, the Nifty has ended CY20 with a 15% return. A 80% reduction in active COVID-19 cases since Sep’20; strong corporate earnings in Sep’20, which resulted in upgrades; and faster than anticipated economic and demand recovery, along with a supportive liquidity and interest rate backdrop, have provided the necessary triggers. Economic indicators continue to turn positive which could start the next upgrade cycle and liquidity flows across Emerging Markets could remain strong which bodes well for Indian markets.
Tue, Jan 12, 2021
Private banks continued to make good progress in increasing their share in CASA deposits, although the pace has slowed down in the past few years. However, they continue to make significant share gains in term deposits. PSU banks have ceded 250 bps market share in term deposits and 80 bps in CASA deposits in FY2020. Private banks and SFBs (Small Finance Banks) accounted for most of the gains although foreign banks have seen an improvement in current account deposits. Steady expansion and focus coupled with better products and interest rates have helped private banks gain market share.
Fri, Jan 08, 2021
ICICI Bank's initiatives to de-risk loans have held it in good-stead with impact on asset quality likely to be manageable. An under-appreciated aspect is that its operating profit grew at 19-20% in FY19-20 & 18% YoY in first half of FY21. It has narrowed the gap with HDFC Bank and as retail growth & corporate-ecosystem banking pay-off with normal credit cost, ICICI Bank can grow normalised profits by 17-20%. Uptick in CASA growth is key for ICICI Bank.
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