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Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
Nomura maintains buy on ICICI Bank
ICICI Bank's stake sale in life and general insurance will provide ICICI Bank with one-time gain of Rs 3,000 crore. Valuation of the general insurance business was higher than expectation. Such gains from subsidiaries, especially at higher valuations than expected, should aid in early recognition/provisioning of its stressed portfolio.