SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ICICI Bank likely to buy European assets

24 Nov 2011 Evaluate

ICICI Bank, country's largest private sector bank is likely to buy loan portfolios of European banks as they are looking to deleverage and offload loans to shore up capital base. The bank has chosen some India-related assets, in small numbers, because the ability to raise funds currently has become more expensive.

To become more durable against future shocks European banks are struggling to raise their capital cushions, by the means of increasing equity they hold or by shrinking their asset base.

The bank’s net profit for the second quarter of the current fiscal has grown 21.59% at Rs 1503.19 crore as compared to Rs 1236.27 crore for the corresponding quarter of the last year. The bank’s total income has surged 25.49% at Rs 9897.17 crore for the quarter under review as compared to Rs 7887.03 crore for the second quarter of the previous year.

ICICI Bank Share Price

1347.50 2.05 (0.15%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
HDFC Bank 799.90
ICICI Bank 1347.50
Axis Bank 1359.15
Kotak Mahindra Bank 383.50
Indusind Bank 853.15
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×