ICICI Bank: The Slide Continues - trackseekingalpha

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ICICI Bank: The Slide Continues
Aug 13, 2009 01:53 PM UTC

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Via Short Stock Ideas from Seeking Alpha:

ICICI Bank (IBN) is now under a new head, Ms. Chanda Kochar. She has been on record that in view of the changed environment, ICICI Bank will change tack, moderate its persuit of growth and pay more attention to containing risk. Let's look at how things have played out so far. Are the new initiatives working?

We will first compare FY09 performance to FY08 and look at the trends showing up. We will look at the latest FY10 June results versus FY09 June Quarter, to get a feel of where things stand.

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