InvestorQ : What is your quick view on the ICICI Bank Q4 results announced on Saturday?
Deepa Salunkhe made post

What is your quick view on the ICICI Bank Q4 results announced on Saturday?

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Arya Nanda answered.
4 months ago
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On a yoy basis, ICICI Bank reported a 260% increase in standalone net profits at Rs.4,403 crore for Q4, largely on the strength of lower loan loss provisioning. There was some improvement in the net interest income or NII which rallied by 17% yoy at Rs 10,431 crore in Q4. However, performance was a tad weak on a sequential basis.

Net interest margins or NIM scaled up from 3.67% last year to 3.84% in Mar-21 quarter. On the asset quality front, the gross NPAs at 4.96% were lower yoy but if you compare with peer group, it is still higher. Capital adequacy at above 19% and Tier-1 capital adequacy at above 18% is very comfortable.

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