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Review on ICICI bank’s fourth-quarter earnings.

ICICI bank had an upsurge of 260.5 percent year-on-year (YoY) growth in standalone profit at Rs 4,402.61 crore for the quarter ending March 2021. Resulting in net interest income growth of 16.9 percent to Rs 10,431.13 crore in Q4FY21 compared to Rs 8,926.9 crore in Q4FY20.
Which means that ICICI Bank not only reported a strong quarter but also had healthy business performance across all business segments.The bank is expected to grow its loan book at a CAGR of 16 percent over FY21-23E and the bank’s credit cost will be normalised by FY22E.On 27 march the share price of ICICI bank was found to be trading with share price of 599.10 at 12:30 pm increased by 1.31 %.

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