Bengaluru, Sept. 3 -- This company is the second-largest private sector bank in India, offering a diversified portfolio of financial products and services to retail, SME, and corporate customers is now in the spotlight after Emkay Global Financials gave a BUY rating of 22% upside.

With a market capitalization of Rs. 9,97,694 cr, the shares of ICICI Bank Ltd are currently closed at Rs. 1,397 per share, from its previous closing of Rs. 1,394.20 per share.

Target & Rationale ICICI Bank reported credit growth at ~12% YoY in Q1, driven by moderation in retail loans and weak corporate demand. However, its SME portfolio, up 30% YoY and now forming 20.5% of loans, has emerged as the key growth driver. The portfolio is largely skewed toward high...