Today
ICICI Bank results are coming. The bank's asset quality is expected to improve
in the March quarter due to write-offs. Apart from this, due to low
provisioning and low base of fourth quarter of FY 2010, the bank's business
will see good growth. Brokerage houses expect the bank's profit to grow 200% year-on-year
in the March quarter. It is estimated that ICICI Bank's interest income will
grow 15 % year-on-year in the March quarter. Can. The loan growth rate is
expected to be 12 % year -on-year. Today, ICICI Bank's results will keep a
close eye on the management's commentary on the bank's asset quality and the
impact of the lockdown on the bank.
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