Exit polls forecast a landslide win for Prime Minister Narendra Modi but vote counting trends reversed hopes for a clear majority.
ICICI Bank (IBN) remains well-positioned for top-line growth, given solid loan and deposit balances, rising non-interest income and high interest rates. However, high costs and weak asset quality remain woes.
ICICI Bank's (IBN) fourth-quarter fiscal 2024 earnings reflect higher NII and non-interest income, along with lower provisions. However, elevated expenses act as a spoilsport.