ICICI Bank in focus: Should you buy, sell, or hold India’s second-largest private bank’s stock after Q3 results? | Stock Market News
Source: Live Mint
ICICI Bank: India’s second-largest private sector bank, ICICI Bank, reported a healthy performance in Q3FY25, with net profit surging by nearly 15%. The bank has consistently demonstrated strong growth, achieving a 15% increase in credit during this quarter, primarily driven by the Retail, Business Banking, and SME segments.
From a margin perspective, margin compression has moderated, and the pace of this compression has slowed, as indicated by management in their Q2FY25 commentary. However, with rate cuts on the horizon, we might see some pressure on NIMs. Fee income growth remains healthy.
While other players are experiencing stress in asset quality, ICICI Bank has managed to maintain its asset quality, with NPA ratios stabilized. The bank has launched DigiEase, a digital platform that streamlines the business banking onboarding process. By integrating various digital services, this initiative will improve operational efficiency and customer experience and help stabilise the cost-to-income ratio.
“Overall, ICICI Bank delivered a healthy performance supported by strong loan growth, robust asset quality, and industry-leading return ratios,: said Abhishek Pandya, Research Analyst, StoxBox
