Street View: India's ICICI Bank rises on quarterly profit beat; brokerages see steady growth, asset quality

ICICI Bank

20/04/2026 05:17

** Shares of ICICI bank ICBK.NS rise as much as 2.18% to 1,376.40 rupees

** India's second-largest private lender by market cap posted fourth-quarter profit of 137.02 billion rupees ($1.48 billion), 8.5% up y/y

STRONG GROWTH, STABLE ASSET QUALITY

** Jefferies ("buy", PT 1,670 rupees) says credit growth could improve to 15% from fiscal year 2027 on better sector trends, balanced focus on growth and net interest margins; credit costs may rise slightly on normalising recoveries and potential West Asia conflict risks

     ** JP Morgan ("overweight" PT 1,600) raises FY27–28 forecasts by 0.2% and 0.8%, respectively, on stronger-than-expected growth momentum

** Motilal Oswal ("buy" TP 1,750) expects bank to see gradual re-rating since operating performance holding steady and growth gaining traction; sees FY28 return on assets (RoA) of 2.3% and RoE of 16.2%

** Emkay ("buy", PT 1,785) says bank is well-positioned to deliver 2.1–2.2% RoA over FY27–29, supported by stronger growth, better cost control, and loan loss provisions in check

($1 = 92.7640 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))