Asset QualityThe bank's asset quality performance was probably the best in the sector, with both slippages and credit costs down compared to previous periods.
Deposit FranchiseICICI Bank has one of the strongest deposit franchises across the nation, which continues to allow ICICI Bank to benefit from lower deposit rates as well as a growing CASA franchise in a fragmented deposit market.
ValuationAnalyst reiterates a buy rating, highlighting that current valuations offer attractive risk-reward, both in absolute and relative terms.