Investors in ICICI Bank subsidiaries can look forward to better days

Sentiment is upbeat for ICICI Bank; overall valuations will hinge on performance of other businesses

Sandeep Bakshi’s elevation to the head office has done a great deal of good to the ICICI Bank stock. For one, sentiment has improved, as uncertainty about the top management following the Chanda Kochhar controversy has subsided. The stock is now not far away from its all-time high. After Bakshi took over as MD and CEO, the bank's financials began looking up, thanks to the various measures taken by its management. Yet, investors would hope that with a new chief in the driver's seat and the bad loan mess largely behind, things would improve further from here on, both for