The net interest income of the company is expected to rise by 3 percent Q-o-Q (up 19 percent Y-o-Y) to Rs 4163.8 crore, according to Dolat Capital.
The net interest income of the company is expected to rise by 3 percent Q-o-Q (up 19 percent Y-o-Y) to Rs 4171.3 crore, according to Emkay Global Financial Services.
The bank‘s restructured assets in Q2 stood at Rs 1,031 crore against Rs 690 crore in the first quarter and the slippages were at Rs 618 crore in Q2 against Rs 680 crore in Q1.
Top pecking order in the private banking space for Religare Capital Markets is HDFC Bank, followed by Yes Bank, IndusInd Bank and then ICICI Bank over Axis Bank, says Siddharth Teli.
The expectation on the street was that ICICI Bank will deliver a stable-to-marginal decline in its margins while a hope of an improvement was seen as far-fetched.
During the period, net interest income (NII) of the bank increased 20 percent on yearly basis to Rs 4,043 crore (USD 646 million), slightly higher than analysts' expectations.
Rajiv Mehta of IIFL says teh stock is not rallying as most banking stocks have already rallied about 10-15 percent and the the market is now cautious ahead of the RBI monetary policy on October 29.
According to Kotak Securities, ICICI Bank may report a 10.3 percent degrowth quarter-on-quarter (up 4.2 percent Y-o-Y) in net profit at Rs 2,039 crore.
According to KR Choksey, ICICI Bank to report a 3 percent growth quarter-on-quarter (up 20 percent Y-o-Y) in net profit at Rs 2,347 crore.
Although the bank has not witnessed higher slippage from restructured book, majority of this book is still under moratorium period and quality of this book is still at risk. Bank of America Merrill Lynch expects slippages at around Rs 800-900 crore and Rs 800-1000 crore in restructuring.
According to Motilal Oswal, ICICI Bank may report a 9.1 percent degrowth quarter-on-quarter (up 5.7 percent Y-o-Y) in net profit at Rs 2,068.4 crore.
ICICI Bank - khayaal aapka, the ad campaign apparently aimed at wooing retail customers, may now raise further decibels. Reason: It is you, a house buyer or car owner and a routine depositor, who emerges as the safest bet for India's largest private sector lender. The bank will focus more on its retail segment be it loans or deposits.
ICICI Bank, which today reported 25 percent on year increase in net profit at Rs 2274 crore mostly in line with estimates may face growth challenges going ahead due to lower volume growth, experts opined.
India's largest ICICI Bank's first quarter (April-June, FY14) net profit is likely to rise 24 percent year-on-year to Rs 2,252 crore. Net interest income or the difference between interest earned and paid out, may increase 21 percent y-o-y to Rs 3,850 crore.
Nirmal Bang expects ICICI Bank to report a 2.3 percent degrowth quarter-on-quarter (growth of 24 percent year-on-year) in net profit at Rs 2250.6 crore.
KR Choksey expects ICICI Bank to report a 5 percent degrowth quarter-on-quarter (growth of 20 percent year-on-year) in net profit at Rs 2180 crore.
Motilal Oswal expects ICICI Bank to report a 5.5 percent degrowth quarter-on-quarter (growth of 20 percent year-on-year) in net profit at Rs 2177.2 crore.
Kotak Securities expects ICICI Bank to report a 4.3 percent degrowth quarter-on-quarter (growth of 21.4 percent year-on-year) in net profit at Rs 2203.9 crore.
With beginning of the so-called slack season (April-September), banks are not expected to spring any fresh surprise in the April-June quarter earnings. If not as dry as dust, the first quarter of FY14 will be watched for certain crucial factors like credit growth, net interest income, provisions and of course, asset quality.
India‘s largest private sector bank, ICICI Bank Q4 net jumps 21 percent to Rs 2304 cr , yet stock saw a surprise fall of about 3 percent. Rajiv Mehta, banking analyst, IIFL feels that a slightly increase in restructuring of assets led to the stock correction.
ICICI Bank will announce its fourth quarter results today. According to CNBC-TV18's estimates, the company's Q4FY13 net interest income (NII) is seen up 17 percent to Rs 3644 crore versus Rs 3104.77 crore, year-on-year, YoY. Its PAT is seen up 21 percent to Rs 2307 crore versus Rs 1901.8 crore.
India's largest lender ICICI Bank is likely to report 21 percent year-on-year rise in its net profit for fourth quarter (Jan-March) at Rs 2,307 crore. Net interest income or the difference between interest earned and paid out, would grow 17 percent to Rs 3,644 crore, according to a poll estimate by CNBC TV18.
Kotak Securities has come with its March`13 quarterly earning estimates for banking & NBFCS sector. The research firm expects fresh slippages to remain stable QoQ with positive bias for banks under their coverage.
Motilal Oswal has come with its March`13 quarterly earning estimates for financial sector. The research firm expects reforms and monetary easing to continue, thereby growth is expected to revive gradually.
Angel Broking has come with its March`13 quarterly earning estimates for banking sector. The research firm expects private banks to report healthy earnings growth of 23.0 percent yoy, however, the PSU banks with expected earnings decline of 13.1 percent yoy, would drag the overall earnings performance (de-growth of 3.2 percent yoy).