ICICI Bank Ltd., incorporated in the year 1994, is a banking company (having a market cap of Rs 452305.90 Crore).
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 43621.29 Crore, up 7.83 % from last quarter Total Income of Rs 40454.45 Crore and up 8.72 % from last year same quarter Total Income of Rs 40121.48 Crore. The bank reported net profit after tax of Rs 4886.16 Crore in latest quarter.
Investment Rationale
- Loan growth to remain modest; margins stable at ~3.9%
- Credit cost to remain high; slippage would be key
- Commentary on asset quality a key monitorable given the impact of second wave
- Movement in stressed loans to remain key monitorable
Promoter/FII Holdings
Promoters held 0 per cent stake in the company , FIIs held 58 per cent, DIIs 34.3 per cent and public and others 7.7 per cent.
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