Rajesh Agarwal of CD Equisearch has suggested the shareowners to stay invested in ICICI Bank for long term.
Agarwal told, “In ICICI Bank funds, but because of interest rates stabilizing the margins will be better this time. It is currently quoting at a PE of 28, I think the bank has a very good long-term prospect and one could hold for a long term. The price target would be in the range of Rs 1,100-1,150 in a period of 6-9 months.”
The credit paid out by scheduled commercial banks climbed up 23.2% to Rs 3,608.88 billion on yearly basis as on Jul. 27, 2007, which is under the growth of aggregate deposits of 25.7%.
According to the sources, State Bank 
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of CD Equisearch has suggested the shareowners to stay invested in ICICI Bank for long term.
