ICICI Bank is going to release its second quarter results today. According to the estimates found in the CNBC TV18 poll, NII can see an increase of more than 9 percent and profit more than 7 percent compared to last year. At the same time, the asset quality of the bank is expected to remain stable. Apart from this, there may be a slight decrease in the margin. Even amidst the decline in the market, ICICI Bank's stock saw a rise on Friday. ICICI Bank's stock closed with a gain of 0.23 percent on Friday as compared to a decline of about one percent in the major index.
How can the figures remain?
According to the average of the results of the poll among analysts, the net interest income of the bank can increase by 9.2 percent to Rs 19995 crore compared to last year, which was at the level of Rs 18308 crore a year ago. At the same time, the profit of the bank can register a growth of 7.5 percent compared to last year and can increase from Rs 10261 crore to Rs 11030 crore. If estimates are to be believed, the asset quality can remain stable in general. Gross NPA can come down from 2.5 percent to 2.3 percent compared to last year. At the same time, net NPA can increase from 0.4 percent to 0.5 percent compared to last year. At the same time, the net interest margin of the bank can slip from 4.5 percent to 4.4 percent. ICICI Bank's stock has increased by 6 percent in the second quarter. Market experts will keep an eye on the bank's guidance in the upcoming quarter along with the results and on this basis, movement in the stock will also be seen.
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