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Strategies & Market Trends : Asia Forum
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To: Worswick who wrote (1540)1/25/1998 4:12:00 PM
From: Mohan Marette  Read Replies (1) of 9980
 
ICICI- ask the CEO

<<<. The first recommendation was the premier Indian investment bank ICI/ICI. I know from having worked with them that 331'/3% of their loans were non-preforming. Yet, here in the report this bank had a figure of 5% unpreforming loans in the write-up. "We recommend this bank because of all the banks in India... this bank has only 5% of it's loans in the non-preforming category." Dear me.>>>

Worswick: If you are still interested in ICICI, you may want to ask the CEO Mr.Kamath,about your concerns and get a clarification. I know many of the governemnt owned banks may be sitting on nice chunks of non-performing loans just like in China,but can't say that for the private banks which of course are fewer than state-owned ones,but things are changing.

Here is the link for ICICI in case you need it.

icici.com
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