India's ICICI Bank sole Nifty Bank gainer; Goldman raises PT on strong non-resident deposits

ICICI Bank

07/09/2026 08:40

** India's ICICI Bank ICBK.NS up 0.3% at 1,427 rupees
** Sole gainer among fourteen stocks on Nifty Bank .NSEBANK, which is down 0.5%
** Goldman Sachs raises price target to 2,000 rupees from 1,835 rupees earlier, re-iterates ICBK as top pick among Indian banks
** Highlights that ICICI bank mobilised $17.9 billion of FNCR deposits, a market share of 14%
** Says this is earnings accretive, but the extent of benefits will depend on ICICI Bank's ability to deploy funds efficiently for growth as well as capitalise on the life-time value of the newly acquired customer base
** Raises earnings estimate for ICICI Bank by 40 basis points to 3%  over the next three years
** ICBK rated "Strong Buy" on average by 39 brokerages, median PT at 1,746 rupees, per data compiled by LSEG
** YTD, stock up 6.3%, vs Nifty Bank's 4.3% loss 

 (Reporting by Vivek Kumar M)
 ((VivekKumar.M@thomsonreuters.com;))