ICICI Bank (IBN) remains well-positioned for top-line growth, given solid loan and deposit balances, rising non-interest income and high interest rates. However, high costs and weak asset quality remain woes.
ICICI Bank's (IBN) fourth-quarter fiscal 2024 earnings reflect higher NII and non-interest income, along with lower provisions. However, elevated expenses act as a spoilsport.
(Bloomberg) -- ICICI Bank Ltd. reported profits that surpassed analyst expectations as demand for retail loans continues to be strong in the world’s most populous nation. Most Read from BloombergMusk Makes Surprise China Visit in Search of Tesla Revenue BoostElliott Said to Have Built ‘Large’ Stake in Buffett-Favored SumitomoTesla Clears Key China Assisted-Driving Hurdle With Baidu DealYen Watchers Ask When Japan Will Step In as Slide AcceleratesBlade to Offer Luxury Bus Service to Hamptons at F