HSBC makes big push for affluent clients in India to drive growth
ICICI Bank set out an expansion.
28 Sept 2026 · BS Companies
The growth drive puts HSBC in more direct competition with larger local rivals including ICICI Bank Ltd. and Kotak Mahindra Ltd. for a slice of India's fast-expanding wealth…
The analysis
Against that, the stock is +0.5% on the day at ₹1,349.40, and has returned -4.7% over three months. It sits 8% below its 52-week high. The banks sector has moved -4.0% over the same period, so ICICI Bank is running 0.7 points behind its peers.
For ICICI Bank, the question is how much of this is already reflected in the price and how much re-rates the banks peer set alongside it.
Market context
- The company directly in focus is ICICIBANK.
- Sector exposure: Banks.
In this story
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