ICICI Bank touched record high after strong Q2 earnings; Here's what top brokerages are saying about its future
Updated: 27 Oct 2022, 09:02 AM IST
TL;DR.ICICI Bank's asset quality improved as it net non-performing assets declined to 0.61% in the September quarter from 0.70% in Q1FY23 and 0.99% in Q2FY23. In the September quarter, the gross NPA ratio declined to 3.19% from 4.82% in Q2FY22 and 3.41% as of June 30, 2022.
Provisions of the bank improved to ₹1,644.52 crore as against ₹2,713.48 crore in the year-ago period.