ICICI Bank may become 'super banktech'; analysts see 37% upside post Q3 nos

Analysts have upped their one-year target price for ICICI Bank due to its consistent delivery over the last few years, which, they say, reflects an 'impressive turnaround'

ICICI Bank's all-round strong performance in Q3FY22 (December quarter of FY22) beat market expectation across all fronts. The lender posted lifetime high net profit of Rs 6,194 crore and return of assets (ROAs) of 1.9 per cent. 
 

The bank also exhibited an all-round performance with healthy loan growth of 16 per cent YoY (over 6 per cent QoQ), high net interest margin (NIMs) of 4 per cent, improvement in fee income, near nil net slippages, and decline in net non-performing assets ratio to 0.85 per cent. READ ABOUT IT HERE 
 

Given this, analysts have upped their one-year target