ICICI Bank defied expectations again in its latest quarter. A closer look indicates the fundamentals remain as strong as ever. The group is also well-placed to capitalize on India's regulatory shift.
India's top private lenders ICICI Bank and HDFC Bank rose nearly 2% each to hit record highs on Monday, after their fourth-quarter results inspired confidence in the companies' ability to deliver strong loan growth and maintain healthy asset quality.
British insurer Prudential said on Wednesday it was evaluating the potential listing of ICICI Prudential Asset Management Company, its joint venture in India, involving a partial divestment of its shares.
ICICI Bank shows strong growth, with a 15% rise in profit after tax and a 9% increase in net interest income. The recent RBI repo rate cut could boost ICICI's net interest margin, despite initial risks from reduced returns on assets. ICICI Bank outperforms peers in key metrics like CASA ratio and net NPA ratio, indicating robust profitability and lower risk.
Dublin, Dec. 23, 2024 (GLOBE NEWSWIRE) -- The "Enterprise Tech Ecosystem Series: ICICI Bank Limited 2024" company profile has been added to ResearchAndMarkets.com's offering.
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