ICICI Bank business approach gets Street thumbs-up; stock at all-time high

Digital capabilities are expected to improve growth at a lower cost following the bank's focus on 'One Bank One RoE'

The stock of ICICI Bank hit an all-time high of Rs 531.35 in intra-day trading on Wednesday, before ending the day with 4 per cent gains over previous close at Rs 529.35. This was a day after the lender presented its business perspective to analysts. 

Among the key highlights of the analysts’ day event were ICICI Bank’s digital and technical initiatives, which should help it accelerate growth across all business verticals. The bank said it would focus on opportunities in the entire ecosystem, besides calibrating risk to propel operating profit through its approach of ‘One Bank One RoE’. A profitability indicator,