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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nirmal Bang maintains buy on ICICI Bank
ICICI Bank reports significant deterioration in asset quality in Q3 with annualised slippages of 6 per cent against expectation of 1.9 per cent. Two-third of the slippages attributable to RBI's assessment. Cut earnings estimates for FY17 by 10 per cent. Revise target price on the stock to Rs 290 from Rs 380 earlier.