5 Banking and Finance Stocks to Buy Today According To Rajiv Jain’s GQG Partners

2. ICICI Bank Limited (NYSE:IBN)

GQG Partners’ Stake Value: $904 million

Percentage of GQG Partners’ 13F Portfolio: 2.24%

Number of Hedge Fund Holders: 29

ICICI Bank Limited (NYSE:IBN) is an Indian bank that provides services both in its home country and all over the globe. These include offering several kinds of accounts, loans for a host of purposes, insurance products, and microfinance services.

ICICI Bank Limited (NYSE:IBN) raked in ₹61.93 billion in net profit for its fiscal third quarter, marking a hefty sequential increase. It also reported ₹122.3 billion in net interest income, marking for 23% annual growth.

GQG Partners held a massive $904 million stake in ICICI Bank Limited (NYSE:IBN) during Q4 2021, by owning 45 million shares. Out of the 924 hedge funds surveyed by Insider Monkey in Q4 2021, 29 had also owned the bank’s shares.

ICICI Bank Limited (NYSE:IBN)’s largest investor after GQG Partners is Robert Pohly’s Samlyn Capital. It has a $287 million stake via 14 million shares.