Japan is the fourth largest investor in India but still, out of their entire FDI, only 1.7 percent is in India, says Chanda Kochhar, managing director and chief executive officer, ICICI Bank.
Lauding prime minister Narendra Modi’s “inspiring and convincing” speech in Japan, Chanda Kochhar, managing director and chief executive officer, ICICI Bank says he acknowledged the fact that the ease of doing business in India needs to be improved upon.
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Kocchar says through his speech Modi assured that things would change in the country soon and more than banking, a lot of oppurtunity exists on the investment side.
“Japan is suppose to be the fourth largest investor in India but still out of their entire FDI, they have so far put in only 1.7 percent in India. So if that goes up that is a substantial source of investment,” adds Kocchar.
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ICICI Bank stock price
On September 01, 2014, at 15:15 hrs ICICI Bank was quoting at Rs 1598.95, up Rs 42.40, or 2.72 percent. The 52-week high of the share was Rs 1598.95 and the 52-week low was Rs 758.80.
The company’s trailing 12-month (TTM) EPS was at Rs 88.08 per share as per the quarter ended June 2014. The stock’s price-to-earnings (P/E) ratio was 18.15. The latest book value of the company is Rs 632.71 per share. At current value, the price-to-book value of the company is 2.53.