ICICI Bank may report a stable set of numbers for the third quarter ended December, 2019. Slippages are expected to be between Rs 3,500 and Rs 4,000 crore, as per CNBC-TV18 poll.
However, one needs to watch for how the slippages come in - whether they come in from the watchlist or non-watchlist. The watchlist is at Rs 16,000 crore odd, which forms about 2.6 percent of the book. Also, Axis Bank took has taken telecom exposure to watchlist. So, one has to see whether ICICI does that or not.
Loan growth is expected to be between 12 and 13 percent year on year (YoY). Although, the international book has been shrinking, the domestic loan growth is better than the overall loan growth.
The recovery from Essar account can aid improvement in gross non-performing assets (NPA).
Poll suggests net interest income (NII) growth close to 24 percent, while net profit can grow at 172 percent YoY, given the fact that there is recovery from Essar.