Business Standard

ICICI Bank: Investor sentiment on a high as share of retail loan rises

Rising share of retail loans, increased digitisation and an abating pool of stressed assets point to improving outlook and have helped the stock deliver 50 per cent returns last year

ICICI Bank
Premium

Shreepad S Aute
With 50 per cent gain in 2019, ICICI Bank tops the list of major banking stocks such as State Bank of India, Axis Bank and HDFC Bank, which have delivered between 13-34 per cent returns in this period. Expectations of greater shareholder value under the leadership of its new MD & CEO Sandeep Bakshi has revived investor interest in the stock, which was reeling due to management and asset quality issues around a year back. Going ahead, too, the stock could get further support if these expectations of higher return ratios and steady improvement in business and financials materialise.

Increased
Topics : ICICI Bank

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in