ICICI Bank Q3 Review: Solid growth, stable asset quality impress analysts

ICICI Bank delivered a stellar show successful Q3FY25, garnering affirmative reviews from brokerages owed to its robust nett growth, unchangeable plus quality, and superior execution compared to peers. The bank's absorption connected improving ratio and maintaining its enactment successful plus prime reinforced its presumption arsenic a apical prime for investors.

Earnings maturation boosts capitalist confidence

India's second-largest lender reported a 15 per cent year-on-year emergence successful nett net to Rs 11,792 crore, showcasing its quality to prolong beardown net momentum. Net involvement income (NII) roseate 9 per cent to Rs 20,371 crore, somewhat beneath Zee Business estimates of Rs 20,634 crore. Despite a marginal dip successful nett involvement borderline (NIM) to 4.25 per cent from 4.27 per cent successful the erstwhile quarter, ICICI Bank's profitability metrics stay robust.

Asset prime remains a cardinal highlight

The bank's gross non-performing plus (NPA) ratio improved marginally to 1.96 per cent, down from 1.97 per cent successful Q2FY25 and 2.3 per cent a twelvemonth ago. Net NPA stood dependable astatine 0.42 per cent, reflecting a diminution from 0.44 per cent successful the erstwhile year. Analysts commended ICICI Bank for maintaining pristine plus prime contempt challenging marketplace conditions.

CASA maturation bucks manufacture trend

Brokerages highlighted ICICI Bank's exceptional Current Account Savings Account (CASA) growth, which outpaced the manufacture inclination of declining deposits. This maturation indicates beardown lawsuit assurance and a coagulated deposit base, which is captious successful maintaining liquidity and backing stability.

Brokerages stay bullish with higher terms targets

Several apical brokerages reaffirmed their bullish outlook connected ICICI Bank, citing its best-in-class metrics. Key highlights include:

• Kotak Institutional Equities: Price people of Rs 1,500, driven by superior execution.
• Jefferies: Target of Rs 1,600, emphasizing the bank’s resilience successful plus quality.
• Bernstein: Rs 1,440 target, praising ICICI Bank's instrumentality connected assets (RoA) and outgo control.
• JPMorgan: Raised people to Rs 1,500, applauding its CASA performance.

Analyst verdict: A person among peers

ICICI Bank's dependable show amidst a challenging macro situation reinforces its estimation arsenic a reliable and growth-oriented institution. With brokerages unanimously positive, the slope remains a compelling concern for those seeking prime successful the banking sector.