Live
The ICICI Bank may report a solid operational performance for the July to September quarter of the current financial year (Q2FY22), with net interest income seen rising to 22 per cent year-on-year (YoY), according to analysts’ estimates.
The growth, they believe, will be supported by healthy loan growth and steady net interest margin (NIM). The bank is scheduled to announce its Q2 earnings on Saturday, October 23. In absolute terms, the NII may come in the range of Rs 10,711.9 crore to Rs 11,389 crore, up 14.4 per cent to 21.6 per cent YoY, according to brokerages. Sequentially, however, this would be a tepid growth of up to 4 per cent.
- L&T Shares Trade With Nominal Losses Despite Securing Orders
- Daily vs Weekly SIP: Which Can Supercharge Your Portfolio to the Million-Mark?
- Rail Vikas Nigam Shares Take a Hit Despite Rs 165 Crore Order
- Lupin Shares Gain 1% as Unit Receives EIR Status from USFDA
- Glenmark Unit Signs Exclusive NSCLC Drug Pact with Hansoh Pharma; Shares Drop 1%
“We are building in a 1.2 per cent quarter-on-quarter and 9 per cent YoY loan growth, and two basis point QoQ margin contraction, leading to NII growth of 14.4 per cent YoY,” media reported.
The lender had reported NII of Rs 9,366.1 crore in the year-ago period (Q2FY21) and Rs 10,935.7 crore in Q1FY22. NIM projection, meanwhile, is between 3.87-3.9 per cent compared with 3.57 per cent YoY and 3.89 per cent QoQ.
Stock Covered in the news
