Professional
Added to YB: 2024-11-01
Pitch date: 2024-09-30
IBN [bullish]
ICICI Bank Limited
+1.36%
current return
Author Info
No bio for this author
Company Info
ICICI Bank Limited, together with its subsidiaries, engages in the provision of various banking and financial services to retail and corporate customers in India and internationally.
Market Cap
INR 10.4T
Pitch Price
INR 29.84
Price Target
N/A
Dividend
0.75%
EV/EBITDA
N/A
P/E
20.52
EV/Sales
N/A
Sector
Banks
Category
growth
Baron India Fund New Position: ICICI Bank Limited
IBN: 2nd largest Indian private bank, 6000 branches. Strong balance sheet, low-cost deposits, high capital ratios. Digital leader. Expanding retail banking for higher returns. Well-positioned for India's financial growth. Expect mid-high teens earnings growth, high-teens ROEs, robust asset quality over 3-5 years.
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