Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 45 days ago
- Bias Distribution
- 100% Left
ICICI Bank reported a robust Q1 FY25 net profit of ₹11,059 crore, reflecting a 14.6% year-on-year growth, boosted by improved net interest income and a decline in the non-performing asset (NPA) ratio to 0.43%. Despite a slight drop in net interest margin (NIM) to 4.36%, the bank's strong performance exceeded analysts' expectations, leading to positive reactions from brokerages such as CLSA and Morgan Stanley, both raising their target prices to ₹1,500. The bank has maintained a high standard of asset provisioning and a balanced growth in loans and deposits, which positions it favorably against its peers. Following the earnings announcement, ICICI Bank's shares rose by 1.89%. Meanwhile, the broader Indian equity market is experiencing a bullish trend, buoyed by recent favorable economic conditions and foreign investment resuming. Analysts remain optimistic about the bank's ability to weather potential economic fluctuations and regulatory changes.
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 45 days ago
- Bias Distribution
- 100% Left
Negative
20Serious
Neutral
Optimistic
Positive
Related Topics
Stay in the know
Get the latest news, exclusive insights, and curated content delivered straight to your inbox.