The lending practice is totally different in India compared to the west. They mostly have assets tied to the loan so that they can recover the loan...Besides the culture in India is not to loan beyond your means. The overall banking sentiment with ICICI's exposure to foreign portfolio is what has depressed the stock price. Once the sentiment improves, this stock will go up very fast compared to the western banks where the recovery is going to be very slow because of the fundamental reasons. IBN has not comedown because of the fundamental reasons so it may not take long before it multiples...Until then, just sit tight.. have patience and you should be rewarded richly..