While there was a fear that bad loans might shoot up once the moratorium on repayments expired, the Reserve Bank of India (RBI) has now given a one-time restructuring window to banks which should soften the pandemic's impact on their asset quality.
ICICI Bank's capital adequacy ratio (CAR) stood at 16 per cent as of June 30, 2020, with tier I at 14.72 per cent. Its asset quality profile improved during the reporting quarter. Gross non-performing assets (GNPAs) declined to 5.46 per cent in Q1FY21, from 6.49 per cent in Q1FY20.
At 9:33, the stock was trading 2.59 per cent higher at Rs 373 as compared to a 0.9 per cent gain in the S&P BSE Sensex. A total of 1.07 crore have changed hands on the counter on the NSE and BSE combined, so far.