In a report released today, Lim Rui Wen from DBS maintained a Buy rating on Icici Bank (IBN – Research Report), with a price target of $36.00.

The stock of ICICI Bank jumped by 4% in early trade, due to strong quarterly earnings. The bank not only posted strong growth in profits but also managed to reduce the amount of bad loans.

resulting in ICICI Securities’ delisting from the stock exchanges. The consolidation is expected to streamline operations and strengthen the bank’s financial services platform. In a disclosure ...