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Login Open ICICI 3-in-1 Account

Entry Price

160.00

Target

220.00

Recommend Date

07-02-2018

Return

37.50 %
BUY

Date : 07-02-2018

Asset quality remained healthy with flattish GNPA at | 57519 crore & NNPA at | 34076 crore. Led by growth, GNPA & NNPA ratio declined by 119 bps & 89 bps to 12.11% & 7.55%, respectively. Slippage came lower at ~| 3174 crore vs | 3460 crore in Q2FY18  NII growth came at 6.9% YoY to | 3989 crore. Other income grew 22.6% YoY to | 3082 crore, led by stake sale in home loan subsidiary. Advances surged 17% YoY, led by 22% YoY growth in domestic book  Led by top-line growth, PPP came at | 4245 crore; up 34.6% YoY. CI ratio was at 40%, one of the lowest in last 6 quarters (except Q4FY17).  Provision surged at | 4467 crore, led by ~|1000 crore related to investment depreciation & ~| 929 crore, related to NCLT exposure  Exposure to NCLT accounts stood at | 18000 crore, wherein | 1987 crore was required to be provided by March 2018. Out of this, | 258 crore from 1st list and | 800 from 2nd list is needed to be provided.