ICICI Bank: Gaining Traction

Feb. 04, 2022 11:51 AM ETICICI Bank Limited (IBN) StockIBN

Summary

  • IBN’s loan growth performance is well ahead of the industry and it is well set to benefit from rate hikes given a higher share of floating rate loans.
  • IBN has a resilient fee income profile whilst its asset quality too has strengthened over time.
  • The market is rewarding IBN even as it punishes close peer HDB.
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Views of slums on the shores of mumbai, India against the backdrop of skyscrapers under construction

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This article was written by

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Michael A. Gayed is portfolio manager, and author of five award-winning research papers on market anomalies and investing. He has a BS with a double major in Finance & Management from NYU Stern School of Business, and is a CFA Charterholder. Michael runs the investing group The Lead-Lag Report, focused on helping investors outperform in all market conditions. It offers a tactical, data-driven approach to investing, to achieve long-term success even in the face of uncertainty. With increasing market volatility, it's essential to understand risk-on/risk-off signals, seize high-yield opportunities, and leverage award-winning research to maximize returns. Learn More.

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