ICICI Bank's shares saw a 3% surge in the trading session following the release of its Q4FY24 results. Here are key insights brokerages provided regarding this private lender's performance.
Through a separate deal, Bharti Enterprises sold a 1.3% stake in ICICI Lombard General Insurance for Rs 1,042 crore. It sold 62,50,900 shares at Rs 1,666.35 a share.
ICICI Bank Q3 results today are expected to show solid loan book growth and robust retail franchises, although experts anticipate further compression in NIMs during the October to December 2023 quarter
ICICI Bank said provisions for the quarter stood at Rs 1,049.37 crore, higher than Rs 582.63 crore in the September quarter but lower than the year-ago's Rs 2,257.44 crore.