According to IDFC Securities, the fourth quarter earnings will likely be weak and slippages may be over Rs 13,000 crore.
Shares of ICICI Bank gained more than 3 percent intraday as broking house IDFC Securities has kept an outperform rating on stock with a target of Rs 390 per share.
The bank may see pressure in the short-term following the allegations.
The fourth quarter earnings will likely be weak and slippages may be over Rs 13,000 crore and may report a core pre-tax loss, it added.
At 13:16 hrs ICICI Bank was quoting at Rs 276.70, up Rs 8.25, or 3.07 percent on the BSE.Posted by Rakesh Patil