2024-06-14 07:12:01 ET
Summary
- There were positive takeaways from ICICI Bank's commentary at an investor event relating to different aspects of its business like funding and expenses.
- On the other hand, demand for loans in India might possibly weaken, assuming that fewer new capital investments are given the go-ahead because of a narrower win for the ruling party.
- A Hold rating for IBN is maintained, considering the bank's mixed outlook in view of recent developments.
Elevator Pitch
ICICI Bank Limited ( IBN ) is rated as a Hold.
My prior January 7, 2024, update touched on ICICI Bank's business outlook and the most recent statistics for India's banking sector. The spotlight is on IBN's latest investor event disclosures and the impact of India's recent general election....
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ICICI Bank: Mixed Read-Throughs From Investor Conference And Indian Election