Author Topic: ICICI BANK - BUY ( Fundamental Analysis )  (Read 4697 times)

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manish

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ICICI BANK - BUY ( Fundamental Analysis )
« on: May 21, 2010, 02:27:07 PM »
Merger looks strategic. ICICI Bank plans to acquire Bank of Rajasthan (BoR), a private sector bank with 463 branches and assets of ~Rs172bn. We expect this transaction to be value accretive for ICICI as it would expand its existing branch network by ~27%, and strengthen its presence in north India...

To read the full research report you can visit:
http://www..in/productattachment/BrokerRecommendation/ICICI%20Bank.pdf

Source: Dalal Street investment Journal
www..in