ICICI Bank reports strong Q3 numbers; brokerages remain upbeat; here's what they say

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ICICI Bank reported a 34.19 percent year-on-year (YoY) growth in its net profit at ₹8,311.85 crore for Q3FY23 against a profit of ₹6,193.81 crore in the same quarter a year ago.

Banking sector earnings preview: Q3 to be another strong quarter, says Sharekhan; here are its top picks

Sharekhan said the banks in its coverage universe are expected to report 35 percent YoY earnings growth in Q3 FY2023E, driven by healthy loan growth and lower credit costs. Among private banks, Sharekhan expects ICICI Bank, Axis Bank, and Kotak Mahindra Bank to report strong advances growth.

SBI, ICICI Bank, HDFC Bank continue to remain systemically important banks: RBI

<ul><li>The Reserve Bank of India (RBI) had announced SBI and ICICI Bank as D-SIBs in 2015 and 2016. Based on data collected from banks as on March 31, 2017, HDFC Bank was also classified as a D-SIB.</li></ul>

Stocks To Watch: NDTV, United Breweries, Tata Motors, HDFC, ICICI Bank are the stocks in news today

Wall Street equities settled to a moderately higher close on Friday after data showed U.S. consumer spending barely rose in November, while annual inflation increased at its slowest pace in 13 months.

Brokerages bullish on ICICI Bank after analyst meet; here's why

<ul><li>According to brokerage firm Motilal Oswal Financial Services Ltd, when it comes to business transformation, powered by technological initiatives, ICICI Bank appears to be several notches above its competitors.</li></ul>

ICICI Bank launches loan against deposits, dollar bonds for NRIs: All you need to know

The products were launched at the bank’s branch at GIFT City, a Gujarat-based emerging global financial and IT services hub.

Private banks post solid earnings in Q2 driven by margin expansion and a fall in bad loans

According to the most recent RBI data, bank credit increased 17.94% YoY as of October 21, 2022. Deposit growth was 9.5% during the same period. Going forward, credit rating agency firm, Crisil sees bank credit to grow at 15% this fiscal and the next, citing broad-based economic recovery.

ICICI Bank touched record high after strong Q2 earnings; Here's what top brokerages are saying about its future

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.

ICICI Bank shares end lower after hitting 52-week high; 5 brokerages say this on Q2 numbers

ICICI Bank has been on a bull run this year so far; it is up 25% this year as of October 24 against a nearly 3% gain in the benchmark Sensex.

<ul><li>ICICI Bank has been on a bull run this year so far; it is up 25% this year as of October 24 against a nearly 3% gain in the benchmark Sensex.</li></ul>

ICICI Bank consolidated net profit in Q2 jumps 31%

ICICI Bank Q2: On a standalone basis, the second largest private sector lender reported a 37.14 per cent rise in September quarter net profit at ₹7,557.84 crore, as against ₹5,510.95 crore in the year-ago period.

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ICICI Bank reports strong Q3 numbers; brokerages remain upbeat; here's what they say

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