Leadership position to strengthen; Tech capabilities to drive sustainable growth
ICICIBC has been the best performer in the Banking sector (despite the consensus Buy tag) as it delivered 80%/42% returns over FY21/FY22 YTD. Its...
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ICICI Bank: Focus on Scalability and Customer Experience Through Technology
We maintain a BUY rating on the stock with a target price of Rs 975/share (SOTP basis core book at 2.8x FY24E and Rs 182 Subs. Value).
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Growing franchise through technological innovations
We attended ICICIBC analyst day, where the management highlighted how the strengthening of its digital capabilities is helping transform the bank...
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ICICI Bank (Update): Blossoming into a BankTech; positive for growth. Maintain BUY
With consistent superior overall performance, ICICIBC is poised for market share gains across segments, delivering a ~15% RoE by FY23E. We raise...
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ICICI Bank: Strong Performance; Maintain Buy
We maintain BUY on the stock with a revised target price of Rs 975 (SOTP basis core book at 2.8x FY24E and Rs 182 Subsidiary Value).
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