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investmentguruindia.comOCT 203 min read

Buy ICICI Bank Ltd for the Target Rs 1,900 by Prabhudas Liladhar Ltd

ICICI Bank Ltd reported a strong quarter with a 3.7% beat on core PPoP, driven by loan growth of 7.3% QoQ. NIM declined 10bps QoQ to 4.28% due to FCNR impact but is expected to improve from Q4FY27. Prabhudas Liladhar raised its target price to INR 1,900 and reiterated a 'BUY' rating. Loan growth was led by corporate and SME sectors, while FCNR deposits increased significantly. Core PAT was 9.9% above estimates at INR146.5bn.

Original reporting
investmentguruindia.com
Published Oct 20, 2026, 7:05 AM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 20, 2026, 8:25 AM UTC. Informational, not investment advice.
How this was made
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Buy ICICI Bank Ltd for the Target Rs 1,900 by Prabhudas Liladhar Ltd — source image
Source · investmentguruindia.com
Decision brief

The 30-second read

Med
01

Why it matters

The earnings beat and raised target price suggest upside, but margin pressure may limit gains.

02

Market read

The earnings release provides fresh data for traders with exposure to Indian banking stocks.

03

What to watch

Potential impact of upcoming rate hikes on loan margins and the leveraged FCNR deposits.

Relevance 8/10Novelty 8/10Timing: post-market

Background

ICICI Bank reported a quarter with revenue and profit beats, higher loan growth, and a modest NIM dip due to FCNR funding.

Market effects

Sector

Strong loan growth and NIM trends may influence the Indian banking sector outlook.

Regional

Results could affect sentiment on Indian equities and RBI policy expectations.

Global

Limited, primarily relevant to investors focused on emerging market financials.

Counterpoint

What could challenge this read

Despite earnings beat, NIM compression and FCNR funding risks could pressure the stock.

Key entities

  • company
    ICICI Bank Ltd

    Indian bank that posted the earnings results.

Read at source← All news

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