truculent
The management hasn’t given any inkling of how it sees the resolution of the nine accounts referred under IBC coming through. The fate of the other 18 accounts for which RBI wants banks to find a resolution by 13 December or else refer them under IBC is not clear either.
Hence, the outlook on asset quality remains muddled. Of course, ICICI Bank has managed to fend off nasty developments on asset quality in the second quarter. But that is a temporary respite at best. Investors would do well to hold their horses on rerating its stock until the bank passes the regulator’s litmus test on bad loans.
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