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ICICI Is India’s Strongest Private Bank?

According to Harendra Kumar, Head of Institution Broking and Global Research, Elara Capital, ICICI is the strongest private bank currently. ICICI is successful in today’s banking rat race because of its fundamentals and valuations.

ICICI Bank Logo
ICICI Bank Logo

There is a huge comfort space for ICICI in the private banking sector. The strength is reflecting from their confidence level in the stock. The capital adequacy is very strong going into Basel III. The book restructuring is as per the strategy of the bank.

The Current Account, Savings Account (CASA) is robust and they have also observed that ICICI Prudential will continue to pay the dividends. When the Interest Rate Cycle will turn up successfully, there is significant valuation upside left in ICICI bank and that will continue to do better as compared to other peers in the private banking sector.

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