5 reasons why analysts think ICICI Bank could be the next sector leader

Valuation of the standalone bank is currently at 25-30 per cent discount to HDFC Bank

A ramp up of digital banking services, sustainable scalability, and inexpensive valuation is all set to power ICICI Bank’s stock, driving the bank towards “sector-leadership valuations”, believe analysts.

They see up to 52 per cent upside in the stock price over the next one year on the back of accelerated business growth, driven by lower customer life cycle costs and higher revenue via cross-selling.

"A focused approach of leveraging existing relationships, structural/cultural changes and digital edge underpin ICICI Bank’s sustainable franchise. We take note of its vast wealth of data and deep franchise moats on liabilities to surmise that if