External broker reports(aggregated public sources), Emkay Global Financial Services Limited

Emkay

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades.

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External broker reports(aggregated public sources)

Emkay Global Financial Services Limited

Emkay Global Financial Services Ltd. is a leader in the financial services sector, actively creating wealth for our clients for over two decades. 

Content available is external broker reports authored by a third party outside the Smartkarma network and has been aggregated by an online aggregator through publicly available sources and is displayed by Smartkarma in this format for user's convenience and general informational purposes only. Content does not constitute investment or financial advice and Smartkarma makes no representation or warranty regarding its accuracy or contents. Original third party author retains all copyright and other proprietary rights in the content. Access or use of third party links not controlled by Smartkarma are at the user's own risk.

Equity Bottom-Up

<ul><li>ICICI Bank has once again posted an endearing performance with in-line PAT at Rs118bn/superior RoA of 2.4%, system-beating credit growth at 14% YoY, nearly stable margins at 4.25%, and steady asset quality, amid tough times.</li><li>Deposit growth has moderated, but is well above the system’s at 14% YoY, exhibiting the bank’s strong liability franchisee built over the years.</li><li>Slippages are up QoQ at Rs61bn (lower than estimates) due to seasonal stress in Agri, including the KCC book, but retail asset quality stays at tolerable levels.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

ICICI Bank has once again posted an endearing performance with in-line PAT at Rs118bn/superior RoA of 2.4%, system-beating credit growth at 14% YoY, nearly stable margins at 4.25%, and steady asset quality, amid tough times.Deposit growth has moderated, but is well above the system’s at 14% YoY, exhibiting the bank’s strong liability franchisee built over the years.Slippages are up QoQ at Rs61bn (lower than estimates) due to seasonal stress in Agri, including the KCC book, but retail asset quality stays at tolerable levels.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

ICICI Bank - Endearing Performance in Tough Times

ICICI Bank Ltd

ICICI Bank - Endearing Performance in Tough Times