Seeking Alpha
 

ICICI Bank Ltd. (IBN)

- NYSE
  • Wed, Aug. 12, 5:39 PM
    | 1 Comment
  • Fri, Jul. 31, 8:55 AM
    | Comment!
  • Tue, Apr. 28, 9:12 AM
    | 2 Comments
  • Mon, Apr. 27, 8:39 AM
    • ICICI Bank (NYSE:IBN): FQ4 EPS of ₹29.22B
    • Revenue of ₹85.75B (+16.9% Y/Y)
    • The board declared dividend of $0.16/ADS.
    • The bank maintained capital adequacy ratio at 17.02% and Tier I capital adequacy ratio at 12.78%.
    • Shares -1.6% PM.
    • Press Release
    | Comment!
  • Thu, Apr. 2, 5:38 PM
    | 2 Comments
  • Fri, Jan. 30, 2:41 PM
    • India's largest private-bank ICICI Bank (IBN -4.5%) reported FQ3 profit short of expectations after gross non-performing assets rose 35 basis points from a year ago to 3.4%. Net non-performing assets rose 18 bps from last quarter and 33 bps from a year ago to 1.27%.
    • The country's 2nd largest bank by assets, Bank of Baroda (OTC:BBKQYfell 11% in Mumbai after Q3 profit slumped 68% to 3.34B rupees vs. analyst estimates of 12.5B.
    • The S&P BSE Bankex Index fell 3.1%, it's worst performance in a year, and the Sensex fell 1.7%.
    • HDFC Bank (HDB -3.8%)
    • ETFs: EPI, INDY, SCIF, PIN, INDL, INP, INXX, INDA, SCIN, SMIN, INCO
    | 3 Comments
  • Sep. 19, 2014, 3:25 PM
    • The Sensex edged higher this week, bringing its 6-week move to a gain of 7%, and its YTD advance to 28%. The big gain this week came amid a rare visit from China's premier and the pledging of $20B in investments in India over the next five years.
    • Credit Suisse this week says India's banks - despite maybe being the most richly valued in Asia - have upside. They trade at 3x trailing book value, but that's inline with their 10-year average. What they have going for them now is improved governance, an accelerating economy, and interest rate hikes now in the rearview mirror. The team's favorite plays (trading in the States): ICICI Bank (IBN -1.8%), HDFC Bank (HDB -0.8%).
    • ETFs: EPI, SCIF, INDY, PIN, INDL, INP, INXX, INDA, SCIN, SMIN, INCO
    | Comment!
  • Sep. 18, 2014, 10:49 AM
    • India's largest trade deficit with any single country is with China, and Chinese President Xi Jinping - visiting PM Modi in New Delhi - pledged to invest $20B over five years to help narrow the difference.
    • China is India's largest trade partner, with the two doing $68.5B of business last year, and India posting a trade shortfall of $34.4B. Xi's visit follows one from Japanese PM Shinzo Abe at which he pledged more than $30B in Indian infrastructure investments.
    • The Sensex gained 1.8% overnight. EPI +3.1%, PIN +2.5%.
    • ICICI Bank (IBN +3.1%), HDFC Bank (HDB +1.3%), Tata Motors (TTM +1.6%)
    | Comment!
  • May 16, 2014, 9:57 AM
    • A volatile session in India saw the Sensex close up 0.9% to an all-time high following the election victory by the opposition Bharatiya Janata Party and its prime minster candidate Narendra Modi. Stocks initially rose more than 6% as results came in, but "sell the news" action took over, given the Sensex's already big run in the weeks leading up to the election.
    • In ETF action action in the States, EPI +4.6%, PIN +3.5%.
    • Banks: ICICI Bank (IBN +6.7%), HDFC Bank (HDB +3.3%).
    • ETFs: EPI, INDY, SCIF, PIN, INP, INDL, INDA, INXX, SCIN, INCO, SMIN
    | Comment!
  • May 16, 2014, 9:17 AM
    | 2 Comments
  • May 9, 2014, 9:27 AM
    • Investors are placing bets ahead of next week's election results which are expected to show a win for the opposition party's Narendra Modi and the worst-ever defeat for the ruling Congress Party amid a wave of graft scandals, rising inflation, and slowing growth.
    • The Sensex - up 2.9% last night - is ahead by 17% since the opposition BJP party named Modi as its PM candidate last September.
    • Leading last night's advance was ICICI Bank (IBN +5.2% premarket). HDFC Bank (HDB +2.9% premarket)
    • ETFs: EPI, INDY, SCIF, PIN, INP, INDL, INDA, INXX, SCIN, INCO, SMIN
    | 11 Comments
  • May 9, 2014, 9:17 AM
    | 2 Comments
  • Apr. 11, 2014, 5:37 PM
    | Comment!
  • Apr. 2, 2014, 3:44 PM
    • The Reserve Bank of India approved the applications of infrastructure finance company IDFC and microlender Bandhan Financial Services to begin banking operations. The two were among 25 vying for licenses being offered for the first time in several years.
    • "RBI's approach in this round of bank licenses could well be categorized as conservative," says the central bank. "At a time when there is public concern about governance, and when it comes to licenses for entities that are intimately trusted by the Indian public, this may well be the most appropriate stance." The most recent census data in 2011 showed only 59% of Indian households had access to banking services.
    • A couple of current players: ICICI Bank (IBN +0.2%) and HDFC Bank (HDB +0.5%).
    • ETFs: EPI, INDY, SCIF, PIN, INP, INDL, INDA, INXX, SCIN, SMIN
    | Comment!
  • Mar. 31, 2014, 12:27 PM
    • Absent reforms, another financial crisis is likely to leave taxpayers on the hook for hundreds of billions, warns the IMF, estimating the world's biggest banks receive up to $590B in implicit public subsidies because of their TBTF status.
    • Said subsidies include bankers who still have a "heads I win, tails you lose" attitude, and investors who lend at lower cost to banks than they might otherwise. The IMF calculated the size of the subsidies by comparing the CDS prices and credit ratings across larger and smaller banks. While the amount has fallen since the crisis, it still remains sizable. "All in all ... the expected probability that systemically important banks will be bailed out remains high in all regions."
    • Subsidies for the biggest players are "like insurance for which banks don't need to pay a premium," says senior IMF analyst Gaston Gelos.
    • Full report (starting on pg. 34)
    • Among the usual suspects: BBVA, BBD, BAC, BCS, BK, BNS, C, CS, DB, GS, HSBC, IBN, ING, JPM, LYG, MS, NBG, RY, STT, TD, UBS, WFC, WBK.
    | 13 Comments
  • Dec. 19, 2013, 9:23 AM
    • India had a relief rally on Wednesday after the RBi surprised by not hiking rates, but fell anew last night dropping 0.7% for its 7th decline in 8 sessions.
    • Leading among the blue chips were the rate-sensitive stocks, with ICICI (IBN) Bank off 3% and HDFC (HDB) Bank down 2.1%.
    • "One of the big questions post Fed's move is whether liquidity will continue flowing to emerging markets like India or not. If rates go up in U.S. then it will be risk for EMs," says Aneesh Srivastava, CIO at IDBI Federal Life Insurance.
    • IBN -5.4%, HDB -5.6% premarket
    • India ETFs: EPI, INDY, SCIF, INP, PIN, INDL, ICN, INR, INXX, INDA, SCIN, INCO, SMIN
    | Comment!
Visit Seeking Alpha's
IBN vs. ETF Alternatives
Company Description
ICICI Bank Ltd is a banking company engaged in providing banking and financial services including retail banking, corporate banking and treasury operations.
Sector: Financial
Country: India