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ICICI Bank to release its Q3 earnings today

ICICI Bank, India’s second largest private sector lender is going to release its Q3 reports. The lender is expected to come up with profitability as per elevated provisions towards the end of 2020.

It is also expected that the bank will also report a pre-provision operating profit growth, according to the relevant data.

This PPoP is expected to be estimated somewhere around 14 percent on year-n-year basis. Apart from this, NII is also expected to come around 12 percent on year-on-year basis on the back of operating leverage.

Looking back at time, so far ICICI has come up with COVID-19 related provisions which is a sum total of Rs 8,772 crore.

The total provisions comprising PCR were also 119 percent of the gross NPA as of Q2 for fiscal year 2021.

Adding more, the bank also held general provisions on the standard asset around Rs 4,522 crore.

Many experts expect that the bank’s asset quality will majorly remain stable. However, NPA and updates on collection efficiency is something to be kept in check.

The loan growth is expected to drop off around 7 percent and also the NIM is too expected to remain stable at 3.6 percent on QoQ.


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