Jefferies analyzes retail banking competition between ICICI Bank and peers
1 report, 1 independent
Updated Sep 28
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What happened
Jefferies released an analysis of the competitive market within the retail banking sector. The report noted that one bank lagged peers in retail deposit growth compared to ICICI Bank. Although that bank mobilized $11-12 billion in FCNR-B deposits in two months, its fee growth slowed in the past two quarters due to slower credit-card fees and third-party product income.
From indiatimes.com
Why it matters
The brokerage suggests that a reorganization or change in leadership could allow the bank under review to improve execution, including deposit growth and fee income. The analysis also noted that the bank's valuation gap with its peers had been disrupted since March 18, 2026.
From indiatimes.com
Who's involved
- ICICI BankCompetitor in the Indian private sector banking and lending market
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The entities involved
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ICICI Bank
Indian multinational Bank