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Thursday, May 6, 2010

ICICI Bank: Back in Reckoning?

ICICI BANK: (BSE: 532174 | NSE: ICICIBANK)Seems to be back in the reckoning. YoY jump is on low base, but the steady sequential growth hints at again being the heavyweight it once was. No wonder even RBI is encouraging with more time for attaining 70% PCR. But with 67% foreign ownership, and the bank existing as ‘Indian’ only on a proposed RBI exemption, it needs to tread carefully during these times when capital markets worldwide are holding their breath on Goldman Sachs.