User 326882

ICICI Bank: Bellwether Emerging Market Short

Naah - the writer does not seem to be connected with India or its culture. Loan defaults in India is not as rampant as West. Especially the middle and lower income group families who always save for the rainy day and can always fall back to the personal gold, PF/ FD or family members to bail them out. ICICI Bank will remain on a negative trend for sometime however in the long run this has a net positive story.....