“ICICI Bank is trading at a higher price to book earnings than HDFC Bank. That is a very big achievement. The stock market has recognised this achievement,” said Hemindra Hazari, an independent researchanalyst.
Hazari believes that the next chief executive should be an internal candidate since boards usually get an external candidate when thingsare going wrong. “When Bakhshi was appointed, I was not in favour of his candidature, but to my surprise, he has performed well. At the time,we wanted an external candidate because of the way the whole
Chanda Kochhar episode was playing out.
