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HDB - ICICI Bank As A Play On India's Continued Development
HDFC Bank Limited
I have held two Indian positions in my stock portfolio: a fund tracking India in general and ICICI (IBN) bank. I have liquidated the former, while I added to the latter. Why? Because this private bank is one of the best ways to play the modernisation of India.
The Indian opportunity
India is one of the biggest countries in the world. It has a population of 1.2+ billion. To get right to the point, I will tell you why I want to own a financial in India, rather than another kind of business.