ratsharp

ICICI: Private Indian Bank Is Attractive

the central bank policy in april ( where they could think of a repo rate cut) is the only possible trigger to stabilization of IBN price and a subsequent rise... else nothing seems to be going right .. slowdown in credit ( mortgage and commercial loan ..owing to higher spreads and a general feeling of wait and watch) ..increase in NPA's causing higher provisions, constraint of capital conidering their recent MTM losses internatonally ( with more to come), 35% incr in branches ( implying a near time increase in expense), rural focus (not clear yet how they plan to increase market or take market share from govt banks) . All in all the "mo" 's not there .. and since this is a sum of the parts ( where the parts like insurance etc. might take more time to divest) ...anything can happen to near time prices... so this falling knife can make you bleed and no one like's blood (other than the one on the street)