The past three years have been one of the toughest periods for the Indian economy. With growth slowing for the third consecutive year, to 4.5%, the Indian financial sector has been facing problems on multiple counts, from asset quality issues to slowing credit demand. Inflation remaining elevated has also kept rates close to decade highs. During this period, Indian banks have focused on balance sheet consolidation, cleaning up the books and cost rationalisation to sustain profitability. ICICI Bank has followed the same formula and has transformed itself well during this period. Before looking at the future, it’s important to understand the transformation that has happened at the bank during this period.
My Best Pick 2014
Managing director of Motilal Oswal Securities does not expect ICICI Bank to face slowdown blues
Summer wine and salad
Kishore Singh - January 19, 2015
A double topping for growth
Meghna Maiti - January 15, 2015
The million-dollar question: Is investing a game of luck or skill?
Shankar Sharma - May 04, 2021
Scriptures for success
Kripa Mahalingam - January 27, 2015
Where's the party tonight?
Aditi Saxena - January 27, 2015