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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Recs
Cash rich company, expanding in the Asian market. Major player in India, which is an emerging market.
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Strong retail banking player for India's booming economy
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Indian marketing is growing; India has largest emerging middle class. High tech workers skilled yet labor cost cheap relative to US.
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the plutocracy in india are educated - they are building banks, manufacturing plants, technical services; NOT curry stands and taxicab fleets
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Interesting little gem, but currently too expensive
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Best performing bank in fastest growing indian industry with a PE of 20.
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Well run bank. should do well as the economy grows rapidly over the next 10 years.
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Indian Bank that continues to grow as the Indian economy grows. Will not in my opinon be stellar, will however, grow and the share price will reflect this, should improve as people become realistic with the growth of Asia.
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IBN is a leading Indian bank, and as India continues to grow its country and economy I expect to see market-beating returns over the next five years.
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May have a correction in price and have it's PE cut down in the short to medium term but long term growth in India will guarantee outperformance in the long term.
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