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Stock impact report

ICICI Bank: Growth Outlook Improving Despite Recent Slowdown, Rating Upgrade [Seeking Alpha]

ICICI Bank Limited (IBN) 
Company Research Source: Seeking Alpha
IBN's asset quality remains robust, with proactive risk management in unsecured lending and a healthy loan-to-deposit ratio offering growth headroom. NIMs showed a one-off improvement, but future pressure is likely from rate cuts; deposit and loan growth are expected to recover as liquidity improves. Valuation at 3.1x price-to-book is justified by strong ROE and improving outlook, though risks remain if deposit growth slows more than anticipated. amlanmathur/iStock Editorial via Getty Images Introduction My hold (neutral) rating on ICICI Bank ( NYSE: IBN ) has so far proved to be correct, with the stock moving nowhere but sideways in the last few months even though the Bank Nifty This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving Show less Read more
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