ICICI Bank, the country's second-largest private lender, will come up with its fourth-quarter earnings on April 27, 2024 (Saturday). Zee Business Research desk estimates the bank to post a standalone profit of Rs 10,300 crore in the March quarter, an increase of 12.9 per cent in comparison to Rs 9121.9 crore in the same period of the previous year.

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Net interest income or NII, the difference between interest earned and interest expended, is also seen to log 6.9 per cent growth on year to Rs 18,880 crore in comparison to Rs 17,666.8 crore.

The desk also sees advances at the lender to register growth in the range of 17-19 per cent, while deposits is likely to register 17-18 per cent growth.

Asset quality at the lender is likely to log improvement with GNPA or gross non-performing assets (GNPA) declining to 2.25 per cent as against 2.3 per cent in the preceding December quarter.  Also, net NPA is expected at 0.4 per cent versus 0.44 per cent as in the December-ended quarter.

The research team expects the lender's Retail and SME segment to grow better. Also, the desk expects fee income to grow substantially at the lender during the period. However, while the unsecured loan segment will see de-growth, provisioning at the lender will decline.

ICICI Bank Q3 preview:

ICICI Bank reported better-than-expected third-quarter profit on Saturday, helped by robust loan growth. Nevertheless, the bank's NIM fell shrank for the fourth straight quarter. The country's second-biggest private bank reported a record-high standalone net profit of Rs 10272 crore in the quarter ended Dec. 31.

ICICI Bank stock price performance:

Over the last year, the stock of ICICI Bank has gained just 22 per cent, and ahead of its results it traded higher by 0.7 per cent at Rs 1104.5 per share on the BSE.