Q2 2024 ICICI Bank Ltd Earnings Call Transcript

Feb 10, 2024

Oct 21, 2023 / 11:45AM GMT
Operator

Ladies and gentlemen, good day, and welcome to the ICICI Bank Q2 FY '24 Earnings Conference Call. (Operator Instructions) Please note that this conference is being recorded.

I now hand the conference over to Mr. Sandeep Bakhshi, Managing Director and CEO of ICICI Bank. Thank you, and over to you, sir.

Sandeep Bakhshi - ICICI Bank Limited - MD, CEO & Executive Director

Thank you. Good evening to all of you, and welcome to the ICICI Bank Earnings Call to discuss the results for Q2 of FY 2024. Joining us today on this call are Sandeep Batra, Rakesh, Anindya, and Abhinek.

The Indian economy continued to be resilient amidst the uncertainties in the global environment, reflecting the actions and initiatives of the policymakers. The underlying growth momentum is visible with expansion in manufacturing and services PMI, real estate buoyancy, increasing steel and cement output, higher tax collections, and demand for travel. The government-led CapEx cycle is continuing.

Though there has been a pause in the policy rate hike cycle in India,

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