Q1FY23 Result Preview - Banking & Financial Services - ICICI Direct

In Q1FY23E, we expect core earnings to remain strong with strong traction in advances, healthy margin profile and decline in credit cost across lenders. However, rising yields could play spoilsport resulting in mark to market losses thereby impacting earnings momentum. Expect strong commentary in terms of recovery in credit demand and, thus, outlook on business momentum, which could be positive. While operational performance is expected to remain positive across lenders, higher impact of increasing yields is to be seen on PSU banks thereby arresting earnings momentum.

For details, click on the link below: Link to the report

Source : Equity Bulls

Keywords

Q1FY23 ResultPreview Banking FinancialServices BFSI ICICIDirect