Think Investments considers ICICI Bank a top stock to buy, holding nearly 1.3 million shares

From Yahoo Finance: 2025-04-04 23:09:00

Think Investments, an investment firm, focuses on long-term investments in public and private companies, specializing in technology-driven early-stage businesses. With over $1 billion invested in Indian companies, founder Shashin Shah’s background in global equity markets guides the firm’s strategy for value creation. Think Investments reported managing approximately $454.51 million in 13F securities for Q4 2024.

ICICI Bank Limited (NYSE:IBN) is an Indian multinational bank and financial services company that reported net income growth of 14.8% year-over-year for the third quarter of fiscal 2025. Despite higher operating expenses, the bank saw an increase in net interest income, non-interest income, and loan and deposit growth. Think Investments holds nearly 1.3 million shares in ICICI Bank, valued at approximately $38.58 million as of Q4 2024.

A group of ICICI Bank employees met with Rahul Gandhi, Leader of the Opposition in India, alleging unfair dismissals by the bank. Employees claimed terminations were often during medical leave or after raising concerns about management practices. They argued that profit maximization pressures in the banking sector lead to dismissals without regard for employee rights or well-being.



Read more at Yahoo Finance: Is ICICI Bank Limited (IBN) the Top Stock to Buy According to Think Investments?