Double-digit loan growth may buoy ICICI Bank profit
Business Standard|January 22, 2022
ICICI Bank is expected to post a healthy profit for the December quarter (Q3FY22), helped by a double-digit growth in loans, when it reports its earnings on Saturday.
NIKITA VASHISHT
Double-digit loan growth may buoy ICICI Bank profit

Analysts expect the private lender's net interest margin (NIM) to remain stable sequentially.

The Street will closely watch the management commentary on growth trends, additional utilisation of contingency provisions, slippages, movement in stressed loans, and outlook on asset quality and credit costs.

Morgan Stanley expects 16 per cent year-on-year (YoY) growth in loans, led mainly by retail and SME segments. Sequentially, it sees the loan book growing 6 per cent. At 18.18 trillion, Nomura forecasts loan growth at 17.1 per cent YOY and 7 per cent QoQ.

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