Business banking gives strong boost to ICICI Bank's domestic retail book

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Business banking gives strong boost to ICICI Bank's domestic retail book - Business Standard

Quick Summary:

Overall, the bank delivered a strong performance aided by stable loan and healthy deposit growth, robust asset quality and industry-leading return ratios.

According to Nuvama, the bank’s overall loan growth was a tad lower than expectations as the overseas loan book fell both on a year-on-year and on a quarterly basis.

Deposit growth was 14 per cent Y-o-Y and 5.9 per cent Q-o-Q, with average deposits growing at 11.4 per cent Y-o-Y and 1.9 per cent Q-o-Q.