Ideas for Profit | Strong earnings visibility and compelling valuation make ICICI Bank a must buy

Описание

ICICI Bank has been a tough stock for investors in the past 10 years. The bank faced two asset quality cycles in the last decade. The first was a jump in retail bad loans in FY08 coinciding with the global financial crisis, and then came a cascade of corporate bad loans, the effects of which have been felt since FY13.