ICICI Bank

Citigroup’s India cost cutting could benefit domestic banks

Citigroup (C) may cut up to a fifth of its 450 branches in India. Moreover, Citigroup may move some of it’s ATM branches to less expensive locations. One of the big benefits that Citigroup has in India is its brand name that comes from being a global behemoth. All the sub-prime news and cost cutting […]

March 2nd, 2008 | Posted by Himanshu Pandya in HDFC Bank, ICICI Bank | No Comments »

Indian Stocks – Where do we go from here?

Just like the overall market, Indian ADR’s have struggled since 2008 rolled in. Note: Videsh Sanchar Nigam Ltd. (VSL) is now called Tata Communications (TCL) As far as I am concerned the only Indian ADR worth looking at this point is Sterlite (SLT). ICICI Bank (IBN) and HDFC Bank (HDB) are also worth considering but […]

March 2nd, 2008 | Posted by Himanshu Pandya in HDFC Bank, ICICI Bank, India Funds, Indian Stocks Weekly Report, Sensex, Sterlite | 2 Comments »

WSJ: Bullish on Indian Banks

Wall Street Journal is out with a bullish article on the Indian Banking sector.  You can read the article here (Subscription Required).  Following are the key points from the article: Indian Banks have minimal exposure to subprime debt.  The recent curbs by the government on overseas funding will drive growth in the current fiscal year. “With […]

September 6th, 2007 | Posted by Himanshu Pandya in HDFC Bank, ICICI Bank | No Comments »

Indian economy continues to grow at a blistering rate – 9.3% in 1Q

The Indian economy continued to grow at a blistering rate as it almost hit the double digit growth rate in the April-to-June period.  Manufacturing sector was the leader with the growth rate of 11.9% and the service sector came in right behind at 10.6%.  Agriculture sector continued the disappointing trend with a 3.8% growth in […]

September 5th, 2007 | Posted by Himanshu Pandya in Economy, HDFC Bank, ICICI Bank, Sensex | No Comments »

Did I miss the buying opportunity in Indian Stocks last week?

I was hoping for the Sensex to go below the 12,000 point mark before starting a position in some blue chip Indian stocks but it seems like I missed the opportunity so far.  Sensex rebounded strongly last week to close the week at 13,285.93 and never went below the 12,000 point level that I was hoping for […]

March 25th, 2007 | Posted by Himanshu Pandya in HDFC Bank, ICICI Bank, Indian Stocks Weekly Report, Infosys, Tata Motors | No Comments »

Indian Stocks to keep an eye on during this downturn

My first day back from vacation and the market takes its biggest hit in six years.  Some of my high fliers such as Suntech Power (NYSE: STP) and FuelTech (Nasdaq: FTEK) have taken a big time beating.  Suntech Power has gotten the worst of it being a Chinese company.  What this downturn has done is made […]

March 2nd, 2007 | Posted by Himanshu Pandya in HDFC Bank, ICICI Bank, Infosys | No Comments »
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