My stock idea for today is a big Indian bank, ICICI Bank (IBN). This private-sector commercial bank has grown from an arm of the World Bank into one of India’s leading banks. It introduced ATMs into India and was the first Indian stock to list on the New York Stock Exchange. With well over 700 branch offices, the bank is reaching out aggressively to the growing Indian middle class, and when the Indian economy gets back on the growth track, it will represent a real opportunity. Right now, India is fighting the good fight against inflation, which means that...
