ICICI Bank Limited (ADR) (NYSE:IBN)
The Company offers products and services in the areas of commercial banking to retail and corporate customers, treasury and investment banking and other products like insurance and asset management.
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covers india's growing market.
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There are currently 270 IBN shares in my "fund" with break-even of around 65.85 USD. http://caps.fool.com/Blogs/fund-trades/678775.
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This will drop to $15 before bouncing back.
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Growth! Emerging country with a population that is rising from poverty and looking to purchase new goods. If inflation can remain in check, this bank should be able to benefit.
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Great growth with lots of revenue/ capital and good market share in India.
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largest bank in India, the country supposed to grow at 8% plus for the next several years.it will be the third highest GDP surpassing Japan
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provided inflation behaves
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I worked for this bank long time ago. This is India's finest. Legal atmosphere in India for banking is a whole different thing than in the US. Foreclosure doesn't happen. The upside is huge. India's growth as a country is different that China or unrest in arabic countries. This is a Banking gem and secret. Don't buy Wells /Citi/Chase they are going to get the wrath of America in the media with their plans to charge you $ 300 for boucing a check
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Certainly Bullish in the long term. Trusted name and prospective banker to many of the 1bn and growing Indians.
Balance Sheet is solid and Interest Rate hike might be beneficial.
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Financials due for a boost.
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Indian Markets headed down
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For the next 10-20 yrs, the youth and middle age population (its growth) in india is well positioned to take the economic growth of india to a nice double digit level. Even though there are impediments , the economy is going to march forward nicely. Many solid companies are bound to benefit. ICICI bank is one among them. It has a huge advantage of establishing itself well ahead
http://www.icicibank.com/aboutus/about-us.html
http://finance.yahoo.com/q/ks?s=IBN+Key+Statistics
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Down to 30's then up.
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largest indian bank.
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A large bank in India, that is the major provider of loans for residential/commercial customers.
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They got pretty god awful customer service though...
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Large Indian bank. Play on the rise on the Indian middle class.
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The second largest bank in India; ICICI has branches spread across all cities and towns. They are successfully capturing the young earners and offering loans for every segment. The stock touched 70 in the market's crazy 2008 rally - it should recoup most of the way back.
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Hard as it is to believe there is an honest bank left in this world, IBN appears to be one. Financials ready to lead the market in % of return: IBN, HDB, AIB, IRE. U.S. financials already have too much of my money, TARTS that they are:)
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woohoo portefeuille, go India! :)
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