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S&P affirms 'BBB-' rating on ICICI Bank with stable outlook

27 Jun 2022 Evaluate

Global rating agency S&P has affirmed 'BBB-' rating on ICICI Bank with stable outlook on improved asset quality. This is despite an uneven economic recovery in India and macroeconomic challenges. The stable outlook reflects that the bank will maintain a strong market position in the Indian banking sector.

ICICI Bank is a leading private sector bank in India.

Peers
Company Name CMP
HDFC Bank 699.50
ICICI Bank 1385.25
Axis Bank 1209.00
Kotak Mahindra Bank 458.00
Indusind Bank 836.35
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