Another steady quarter; cost control emerging as additional earnings lever

Company
29 Apr 2024
5 Min read 
  • ICICI Bank's strong 4QFY24 performance with 17% YoY net earnings growth.
  •  Healthy credit and deposit growth at 16% YoY and 20% YoY respectively.
  •  Improved asset quality with declining slippages and GNPA/NNPA ratios.
  •  Prudent contingency buffer of INR131b (1.1% of loans).
  •  Aim to maintain discipline in yields and moderate opex growth.
  •  Detailed financial data covering ratios, valuations, and performance for different financial years.
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