India's ICICI bank falls after second-quarter results show moderate loan growth

ICICI Bank

20/10/2025 05:17

** India's ICICI Bank ICBK.NS down 1.97% at 1,408 rupees after publishing its second-quarter results

** Emkay Global says soft credit growth and lower treasury gains caused a slight 3% earnings miss at 137 billion rupees  ($1.56 billion)

** Adds that credit growth moderated to a four-year low of 10% y/y due to de-acceleration in small and medium business segment and persistent drag in retail segment

** PhillipCapital says bank needs to accelerate growth to sustain its superior valuation multiple

** Bob Capital Markets highlights net interest margin decline was smaller than expected; ICICI expects margins to remain rangebound in the next few quarters

** ICBK rated "buy" on average by 37 analysts, with median PT of 1700 rupees, as per data compiled by LSEG

** YTD, ICBK stock up ~9.7%

   ($1 = 87.8762 Indian rupees)

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))