Some brokerages have backed the bank’s renewed digital thrust and maintained their positive stance on the stock
ICICI Bank Ltd remains committed to transforming itself from a traditional bank into a full-scale technology-driven bank. This was the key takeaway for investors from its analyst day event held on 4 December. The ICICI management presented its industry-first digital offerings for retail and SME/corporate customers and reiterated its strategy of “One Bank, One ROE", and offering 360˚ solutions. The management said customer data in the banking sector has exploded in the past few years driven by factors such as rapid growth in digital payments.
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