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Credit Research

ICICI Bank – On the road to recovery

Author: Shankar Narayanaswamy

Date: 19 November 2009 03:00 GMT

Region: India

Fixed Income: Credit Research > Company analysis

• Q2-FY10 net income increases q/q, despite a decline in the loan book, on higher net interest margin and lower operating costs • Asset quality improves, with lower absolute gross NPLs • Capitalisation continues to be strong, with Tier 1 ratio at 13.3% as at Sep-09

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