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ICICI Bank Q2 results preview: Watch out for slippages, loan growth, NIM

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ICICI Bank,  India's second-biggest private sector lender by assets, will report its second-quarter earnings on Friday and the key number to watch out for will be bank's slippages, which could see a marginal uptick.

ICICI Bank,  India's second-biggest private sector lender by assets, will report its second-quarter earnings on Friday and the key number to watch out for will be bank's slippages, which could see a marginal uptick.
Here is what the street is expecting from ICICI Bank today:
  • Slippages in the previous quarter was at Rs 4,000 crore. Analysts on street are working with a slippage of Rs 4,000-5,000 crore. However, the key point to note in ICICI Bank will be where the slippages come from. Whether they come from the known stress portfolio or they come from standard portfolio.
  • The total stressed assets are Rs 25,500 crore, loan growth is expected to be at and around 9-11 percent. Net interest margin (NIM) has been compressing for last six quarters only on account of stress in the balance sheet.
  • So whether some recoveries can aide NIM improvement, that will be seen very closely.
  • CNBC-TV18’s poll suggests net interest income (NII) growth of 7.6 percent. While net profit can be down 70 percent, over the last 7 out of 9 quarters, the net profit has been on a declining trend.
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