ICICI Bank532174Banking
ICICI Bank reported a stellar quarter with about 30% loan growth, driving earnings upgrades, according to Nitin Aggarwal of Motilal Oswal
By ScoutQuest · · 1 min read
- Loan growth reported
- 30 percent
- Estimated sequential growth
- 9-10 percent
- Expected ROA range
- 2.3-2.4 percent
Heard on business television between 09:07:32 - 09:10:32 IST.
- Nitin Aggarwal, Head of BFSI at Motilal Oswal Financial Services, said ICICI Bank reported another stellar quarter.
- Highlighted business growth with nearly 30% loan growth for a large bank, versus an estimated 9-10% sequential growth.
- Said the strong growth along with a turn in the rate cycle is driving earnings upgrades across banks.
- Said ICICI Bank is at the pole position with ROA expected to sustain in the 2.3-2.4% range alongside industry-leading growth.
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