ICICI Bank Adjusts Evaluation Amid Flat Performance, Highlighting Strong Asset Quality

ICICI Bank has recently undergone an adjustment in its evaluation, reflecting a shift in its financial metrics and market position. The bank's financial performance for the quarter ending September 2025 has been characterized as flat, leading to a revision in its score. Notably, the Gross Non-Performing Assets (NPA) ratio stands at a low 1.58%, while the Net NPA ratio is even lower at 0.39%. These figures indicate a strong asset quality, which is a positive aspect for the bank.
On the other hand, the Non-Operating Income constitutes 46.24% of the Profit Before Tax, suggesting a reliance on income sources outside of core banking operations. The bank's Credit-Deposit Ratio is robust at 87.33%, reflecting effective management of its resources.

In terms of valuation, ICICI Bank is now considered to have a fair valuation, with a Price to Earnings (PE) ratio of 20.06 and a Price to Book Value of 3.21. The bank's Return on Equity (ROE) is reported at 16.03%, showcasing its efficiency in generating profits from shareholders' equity.

Overall, the adjustment in evaluation highlights the bank's solid fundamentals amidst a backdrop of flat financial performance.

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