ICICI Bank beefs up covid-19 provisions, but slippages should worry investors
ICICI Bank chose to make higher-than-mandated provisions for risks from the pandemic.
Analysts expect a hit to loan growth and asset quality due to the nationwide lockdown
ICICI Bank Ltd has strengthened its provisions to mitigate potential risks arising out of the coronavirus pandemic and the subsequent lockdown. However, investors should not take their eyes off elevated slippages.
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