Following Q2 earnings, analysts warn of growth worries, causing ICICI Bank shares to drop more than 2%.

Following the release of the lender's second quarter earnings on Saturday, ICICI Bank shares are among the few that have lost ground on the Nifty 50 index on Monday, October 20. While deposits stayed unchanged from the June quarter but increased by 7.7% from the same quarter last year, the lender's loan book increased by 10.3% from the previous year and 3.2% sequentially. The management stated that the impact of the ECL provisions would be small and would depend on the day of the changeover, and that asset quality remained constant. The margins are also expected to remain rangebound over the next two quarters.