Buy ICICI Bank Ltd for Rs 286: D K Aggarwal

D K Aggarwal, Chairman and MD, SMC Investments and Advisors Ltd, says going forward, focus would on sustaining momentum

With ICICI Bank Ltd's current capital position, it is also a strong and diversified franchise with large distribution network which gives the ICICI the ability to leverage opportunities for profitable growth across businesses.


ICICI Bank has achieved robust loan growth in Q3FY2016 backed by a strong funding profile and maintained operating efficiency. Going forward, it would focus on sustaining momentum in these areas in the near-term, while non-performing asset additions and provisioning costs are expected to remain elevated.