Is Icici Bank good to invest?
Overall, we are expecting an ROA of 1.7% and ROE of 15.2%. It is a buy on dip. Any decline would be a good investment opportunity in stocks like ICICI and Axis. ICICI is our top pick in the private banking space with the target price of Rs 750 from a one year perspective.
How much debt does Icici Bank have?
Compare IBN With Other Stocks
| ICICI Bank Debt/Equity Ratio Historical Data | ||
|---|---|---|
| Date | Long Term Debt | Shareholder’s Equity |
| 2019-09-30 | $165.30B | $17.63B |
| 2019-06-30 | $162.29B | $17.78B |
| 2019-03-31 | $159.87B | $17.28B |
How is Icici Bank performance?
ICICI Bank on Saturday reported a 261% year-on-year (y-o-y) rise in its net profit at Rs 4,402 crore in the March quarter (Q4FY21) on the back of healthy interest income and reduced provisioning. The operating profit of the lender increased 15.6% y-o-y to Rs 8,540 crore.
What is the profit of Icici Bank?
ICICI Bank reported 104 per cent increase in its standalone net profit for the financial year ended March 31, 2021, at Rs 16,192.68 crore. The private lender had posted a net profit of Rs 7,930.81 crore in the financial year ended March 31, 2020, it said in a regulatory filing on Saturday.
Which type of bank is Icici Bank?
private sector bank
Which 10 banks are merging?
Oriental Bank of Commerce and United Bank of India were merged with Punjab National Bank (PNB). Syndicate Bank merged with Canara Bank, Andhra Bank and Corporation Bank merged with Union Bank of India, and Allahabad Bank merged with Indian Bank.
How many banks merged in 2020?
-Six independent banks – Indian Overseas Bank, Uco Bank, Bank of Maharashtra, Punjab and Sind Bank, Bank of India, Central Bank of India. 7) The Oriental Bank of Commerce and United Bank of India will operate as the branches of the Punjab National Bank from tomorrow (1 April 2020).
Is Axis Bank merged with any bank?
vs Vijaya Bank[Merged]