Senior investment analyst

Pallavi Deshpande

Equity Bottom-Up

<p><a href="https://www.smartkarma.com/entities/547" target="_blank" data-smartkarma-citation="entities:547:1">ICICI Bank Ltd (ICICIBC IN)</a> Q4FY18 results were in line with consensus expectations. We believe management was on the defensive during the analyst call given the conflict of interest allegations against its CEO. Management prepared remarks for the call were more focussed on the bank's achievements in building out a strong liability franchise over the last 3 years than the results.</p><h2>NIM and fee performance better-than-expected</h2><p>NIM grew14 bps QoQ in the domestic book, which was better-than-peers (…</p>

ICICI Bank Ltd (ICICIBC IN) Q4FY18 results were in line with consensus expectations. We believe management was on the defensive during the analyst call given the conflict of interest allegations against its CEO. Management prepared remarks for the call were more focussed on the bank's achievements in building out a strong liability franchise over the last 3 years than the results.NIM and fee performance better-than-expectedNIM grew14 bps QoQ in the domestic book, which was better-than-peers (…

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