Nomura on ICICI Bank:


Research house Nomura has maintained buy rating on ICICI Bank with a target at Rs 825 per share.

The company has stronger balance sheet and better earnings growth. There was a substantial provision buffer to tide over COVID-related stress, & deliver 15% RoE by FY23.

ICICI Bank was quoting at Rs 693.55, down Rs 8.95, or 1.27 percent on the BSE.

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