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ICICI Bank FY24 – steady show, re-rating to continue

Neha Dave   •

The surge in profit was aided by the growth in advances and a decline in credit costs

Overall, given the far better margins, higher ROA, and a relatively higher earnings growth, ICICI Bank’s valuation premium to HDFC Bank can expand in the near term

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This Research Report / Research Recommendation has been published by Moneycontrol Dot Com India Limited (hereinafter referred to as “MCD”) which is a registered Investment Advisor under the Securities and Exchange Board of India (Investment Advisers) ...Read More