Delivering the key note at the launch of IFMR's new campus in Sri City, Chanda said that India's most fundamental strength is its demographic dividend and its potential to invest in infrastructure and manufacturing.
With just a week to go for the much awaited election results, corporate leaders are hoping that a decision-making Govt is formed at the Centre.
Chanda Kochhar, CEO & MD, ICICI Bank said, "Currently everybody is looking forward to the election results. We are all hoping for not the one party or the other, but a much clearer, decision making government so that clarity of policy emerge and things move forward. I am quite hopeful and optimistic that once we get a new government in place, we will get back into action, in a more decision oriented environment which can take the country forward."
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Delivering the key note at the launch of IFMR's new campus in Sri City, Chanda said that India's most fundamental strength is its demographic dividend and its potential to invest in infrastructure and manufacturing.
Reiterating the need for a decision-making Govt at the centre to create a conducive environment to trigger growth, Chanda said,"Today we see the new investments are not taking place as we need much more clarity on polices and simplified formalities. There needs to be time-bound approvals. Until the clarity in government polices emerges the investment cycle is not going to come back. India has a great potential for investment, but we have to work hard to create a conducive environment for that."
At a time when the economy was slowing down, the banking sector adjusted to that economic environment, which lead to halving of its growth. Going forward, as the economy grows, the banking sector will grow 2.5 times the country's GDP growth. If the country's GDP grows nine percent, the banking sector will grow upwards of 20 percent.
Chanda said it is a VUCA (volatile, uncertain, complex, ambiguity) world and it will continue to be complex. "We have to navigate our businesses and lives in such a complex environment," she added.
ICICI Bank stock price
On May 09, 2014, ICICI Bank closed at Rs 1374.85, up Rs 85.45, or 6.63 percent. The 52-week high of the share was Rs 1388.00 and the 52-week low was Rs 758.80.
The company's trailing 12-month (TTM) EPS was at Rs 84.91 per share as per the quarter ended March 2014. The stock's price-to-earnings (P/E) ratio was 16.19. The latest book value of the company is Rs 577.32 per share. At current value, the price-to-book value of the company is 2.38.
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