Absolutely absurd. India market is already known to be emotional, please don`t spread rumours and panic to worsen this. Agreed that ICICI got exposures to global crisis, but even if you consider that, current price is much below its intrinsic value. Current break that you see is more due to technical reasons aided by emotional factors rather than something really fundamental. I see, fundamentally this is a buy in this position....
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The said bank is very aggressive on p loans .h loans industry loans.some of the employees in the management are not good and they are negative in banks future.
any how the bank may have recuring problems on recovery of loans.in long term we may have the cautious on bank futures.on enquiry with the employees on future they are facing the problems on recovery of loans.because the bank management
very much hyked the loan rates on comparison with other.iam also having the bad exp with this bank,since the bank is not having the direct touch with customers .some of the midle man are forwading the aplications for loans ,for this they are taking some commission basis.