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ICICI Bank Q3 Preview | The stock clocked stellar performance since the beginning of October 2021 quarter, rising 15 percent, following the expected recovery in the industry amid healthy credit growth and no lockdown by the government in the third wave of Covid-19.
Net Interest Income (NII) is expected to increase by 22.6 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 12,150.4 crore, according to Motilal Oswal.
Experts largely expect profit to grow in the range of 17-25 percent, and net interest income to rise around 19 percent compared to a year-ago quarter, with steady margin and 16-17 percent increase in loan growth for the quarter.
Net Interest Income (NII) is expected to increase by 19.8 percent Y-o-Y (up 2.6 percent Q-o-Q) to Rs. 11,218.7 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 18.6 percent Y-o-Y (up 1.5 percent Q-o-Q) to Rs. 11,103.8 crore, according to Prabhudas Lilladher.
Net Interest Income (NII) is expected to increase by 11 percent Y-o-Y (down 1 percent Q-o-Q) to Rs. 10,283 crore, according to Sharekhan.
Net Interest Income (NII) is expected to increase by 12.8 percent Y-o-Y (up 0.4 percent Q-o-Q) to Rs. 10,470.5 crore, according to Emkay Research.
Net Interest Income (NII) is expected to increase by 15.6 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs. 10,731.6 crore, according to Motilal Oswal.
Bank to announce Q4FY21 results tomorrow. One brokerage firm says it expects bank to post strong pre-provision operating profit growth on improved NII and advances traction. Bank shares have rallied 8.3 per cent in CY21 so far and jumped 64 per cent in the last one year.
Net Interest Income (NII) is expected to increase by 14.3 percent Y-o-Y (up 2.9 percent Q-o-Q) to Rs 10,205 crore, according to Sharekhan.
Net Interest Income (NII) is expected to increase by 15.4 percent Y-o-Y (up 3.9 percent Q-o-Q) to Rs. 10,297.2 crore, according to Prabhudas Lilladher.
According to Narnolia Financial Services, asset quality of the bank is expected to remain largely stable.
Net Interest Income (NII) is expected to increase by 13 percent Y-o-Y (up 3.1 percent Q-o-Q) to Rs. 9,660.4 crore, according to Prabhudas Lilladher.
Net Interest Income (NII) is expected to increase by 11.1 percent Y-o-Y (up 1.3 percent Q-o-Q) to Rs. 9,490.6 crore, according to Emkay.
Net Interest Income (NII) is expected to increase by 13.7 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs. 9,672.3 crore, according to Motilal Oswal.
Net Interest Income (NII) is expected to increase by 13 percent Y-o-Y (up 3 percent Q-o-Q) to Rs. 9,641 crore, according to Arihant Capital.
Net interest income is expected to be more than 12 percent year-on-year with slowing down loan growth to around 5-6 percent YoY, but deposits growth could be around 18-20 percent YoY.
The bank is looking to reduce the concentration risk and improve the credit ratings in the corporate portfolio. Proposed capital raise is aimed to further strengthen capital of the bank.
Brokerages largely expect increase in provisions YoY (decline QoQ), but asset quality is likely to see some further improvement with declining slippages.
Net Interest Income (NII) is expected to increase by 14.5 percent Y-o-Y (down 0.8 percent Q-o-Q) to Rs. 8,860 crore, according to HDFC Securities.
ICICI Bank's asset quality is also expected to improve in the March quarter on account of write-offs.
Slippages spiked in the corporate portfolio due to one brokerage client and a south-based industrial company.
Net interest income and pre-provision operating profit (PPoP) may grow around 30 percent each year-on-year, with loan growth of around 13 percent YoY driven by retail and SMEs.
We expect Nifty EPS to grow by 14 percent for FY20 and clock in an EPS figure of Rs 554 for FY20.
Earnings downgrade continued in the September quarter but there were no fresh negatives in terms of outlook in management commentaries.