Buy ICICI Bank; target of Rs 1550: Sharekhan
Mon, Dec 23, 2024 12:27 PM

Buy ICICI Bank; target of Rs 1550: Sharekhan

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ICICI Bank's loan growth is expected to outpace the system's growth, driven by business banking and corporate segments, with a comfortable loan-to-deposit ratio and stable net interest margins. The bank's return ratios, liability franchise, and growth will support its premium valuation, with a BUY rating and a target price of Rs. 1,550.

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