Gaurav

ICICI Bank: Unwarranted Beating, Proven Growth Prospects

ICICI is not domestic Indian bank. 25% of its loan book is international - and thats the loan book that is growing. It has stopped growing its domestic retail book for last several qtrs because of NPA's. As they don't have a deposit base abroad, they rely on short-term borrowing to lend long-term. Their earnings are padded with one-time capital gains qtr after qtr. ICICI is like Citibank - whenever there is a problem in Indian banking sector, you can be sure ICICI will be part (and probably the cause) of the problem.

The Long Case for India

There are a lot of other companies - Tata Motors, HDFC Bank, WIpro etc. Besides a lot of call centres - WNS etc. are getting listed in the US. Any opinions on them?