Q1 2024 ICICI Bank Ltd Earnings Call Transcript

Jul 22, 2023

Jul 22, 2023 / 11:30AM GMT
Operator

Ladies and gentlemen, good day, and welcome to ICICI Bank Limited Q1 FY 2024 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, Mr. Bakhshi.

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

Thank you. Good evening to all of you, and welcome to the ICICI Bank's earnings call to discuss the results for Q1 of FY 2024. Joining us today on this call are Sandeep Batra, Rakesh, Anindya and Abhinek.

The Indian economy continues to be resilient amid signs of slowdown in the global economy. The underlying indicators reflect continuing growth in economic activity with expansion in manufacturing and services PMI, higher tax collection, real estate buoyancy and resilient urban demand. The government-led CapEx cycle is continuing. Though there has been a pause in the monetary tightening cycle in India, the global and domestic inflation, liquidity and rate

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