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ICICI Bank Ltd. Message Board

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  • boiler_room_bermuda boiler_room_bermuda Jul 2, 2009 3:52 AM Flag

    IBN is India's sub-prime lender.

    Things are different over there, Sparky.
    They lend on long term cash flow, not 'income', and they require assets at least 100% over the loan dollar amount. On top of all that, these aren't JP Morgan blue blood bankers. If a deadbeat develops in India, the bank sends special collection folks with ...shall we say...enlightened... pursuasive tactics for repayment :)

    You're just hacked that you failed to get a cost basis on IBN below $10. Now you are wondering if you should buy at $30. Keep wondering as it rising into the $40s, $50s, and $60...then finaly get the courage to dive into the stock in the $70s.

    India has the most underbanked population on the planet. You have no idea of the growth that lies ahead for IBN.

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