InvestorQ : What is the target for ICICI bank in the year 2020?
vani Patil made post

What is the target for ICICI bank in the year 2020?

Answer
user profile image
ishika Banerjee answered.
1 month ago


Here are there a three important things you need to understand. Firstly, the bank has managed to turn around its performance after the crisis of last 2 years and that is showing in the off-take numbers. Secondly, the liability profile of ICICI Bank is still quite strong.

Thirdly, you need to be clear that any progress on ICICI Bank price from here will depend on how it manages the post EMI moratorium situation, both in terms of growth in the loan book and also in terms of the gross non-performing assets or NPAs.

Let me also give you a different perspective. You are today getting HDFC Bank, a bank with just a little over 1.5% gross NPAs at around 13-14 times historical P/E. This is the cheapest HDFC Bank has been at any time. Finally, you need to take a relative and comparative view.