ICICI Bank Share price: Sharekhan maintains Buy rating on ICICI Bank with price target of Rs 770
Sharekhan interacted with the ICICI Bank management wherein it highlighted that it remained committed to sustainable growth with a sharp focus on core profitability supported by a healthy asset quality position. The loan growth is expected to pick-up gradually through Q4 and FY22E, and we expect the trend of lower asset quality pressure (on an incremental basis) to continue.
Sharekhan believes that the competitive intensity notwithstanding, ICICI Bank may be able to offset the same through a calibration in its loan mix towards better yielding products: Reuters