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ICICI Bank
ROA stabilising at 1.5% level or improve marginally to 1.6% as loan book grows at
20% backed by a good CASA ratio of approx 40%.
Credit costs should range around 100bps over the next 2-3 years down from 210
bps a few quarters back.
As the bank deploys its excess capital (current leverage 9x) and levers up to 12-
13x (private peer average), ROE will go up to 18-19%, which should command a
P/B of 2.5x easily.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
ICICI Bank
ROA stabilising at 1.5% level or improve marginally to 1.6% as loan book grows at
20% backed by a good CASA ratio of approx 40%.
Credit costs should range around 100bps over the next 2-3 years down from 210
bps a few quarters back.
As the bank deploys its excess capital (current leverage 9x) and levers up to 12-
13x (private peer average), ROE will go up to 18-19%, which should command a
P/B of 2.5x easily.
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