Moneycontrol PRO

Why should investors consider ICICI Bank despite relatively higher moratorium book?

ICICI Bank stock is seen get a boost from its subsidiaries that are doing reasonably well

July 27, 2020 / 01:42 PM IST
Why should investors consider ICICI Bank despite relatively higher moratorium book?

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Buoyed by a one-off treasury income from the sale of stake in its insurance subsidiaries, ICICI Bank’s (CMP: Rs 382, Mcap: Rs 247,292 crore) net profit increased 36 per cent year-on-year (YoY) to Rs 2,599 crore in the first quarter of FY21. Excluding the treasury income and making adjustment for income-tax refunds, ICICI Bank’s core pre-provision operating profit increased 18 per cent YoY, which is quite impressive. The strong operating profit was aided by a robust growth in net interest...

  • PRO Panorama

    Moneycontrol Pro Panorama | GST: A simple, reliable tax still a distant dream?

    May 20, 2022 / 04:41 PM IST

    In today’s edition of Moneycontrol Pro Panorama: A peek into Strategy Lab, ITC makes it to Weekly Tactical, wide canvas for Nazara, shock proof your portfolio and more

    Read Now
  • PRO Weekender

    Moneycontrol Pro Weekender | Losing faith

    May 7, 2022 / 10:05 AM IST

    Central banks have a trust problem with financial markets over their ability to steer economies towards a soft landing

    Read Now

To read the full story, Subscribe to Moneycontrol PRO

Access the exclusive stories, weekly investment ideas and daily technical calls in an Ad free experience

Already a member? Sign in

Limited Period offer on Moneycontrol PRO. Subscribe to PRO and get up to

50% OFF

What Do You Get

  • Ad free experience

    Experience a non-intrusive navigation and faster response in the ad free mode

  • Sharpest Opinions

    Access to 230+ exclusive stories per month from our editorial and Experts

  • +

    Have a Global edge with access to content from world renowned experts and journalist

  • Actionable Insights

    Access to 40+ weekly investment ideas including 4 daily technical calls

  • Virtual Events

    Exclusive access to live webinars from market experts on trading and investment strategies

  • Newsletters

    Daily and weekly insights bundled and sent to your inbox to keep you ahead in the race.

Get upto 50% discount on limited period offers