Wednesday, August 7, 2019, 9:01 PM
Twenty five years ago when Aditya Puri and Paresh Sukthankar sat with a band of bankers to tell potential investors in the initial public offering of HDFC Bank what they intended to do in their first three years, few knew what was possible. But regulations demanded they provide a business plan if they wanted capital from public markets.
Sunday, July 28, 2019, 5:20 PM
Pessimism ran high on Dalal Street this week with benchmark indices ending lower in four out of five-sessions. The last-minute respite on Friday came from a handful of stocks, not quelling away the fears of a bear market. Some of the top D-Street analysts believe that we are in this bear phase for the long haul and many blame government policies for the same.
Saturday, July 20, 2019, 8:21 AM
Equity benchmark indices Sensex and Nifty extended their decline for the 2nd-day on Friday as markets witnessed a sharp sell-off aided by auto, NBFC and PSU bank-stocks. Asian Development Bank lowered India's GDP growth-forecast to 7% for the current year on the back of fiscal-shortfall-concerns. BSE Sensex closed 560.45-points, or 1.44%, lower at 38,337.01. While NSE Nifty ended at 11,419.25, down 177.65-points or 1.53%.
Wednesday, July 17, 2019, 8:42 AM
Total bad loans of commercial banks declined by Rs.1.02-lakh-crore to Rs.9.34-lakh-crore in the 2018-19 fiscal on the back of steps taken by the government, Finance Minister Nirmala Sitharaman said. Sitharaman said the SCBs effected record recovery of Rs.4,01,424 crore over the last four financial years, including record recovery of Rs.1,56,746-crore during 2018-19 ( provisional data for 2018-19, as reported by RBI on July-9, 2019).
Thursday, June 13, 2019, 7:45 AM
Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, SBI and HDFC Bank reported highest number of cases, according to an RBI data. Of the total 53,334-cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs.2.05 lakh crore, ICICI Bank reported the highest number of cases at 6,811 involving Rs.5,033.81 crore.
Wednesday, June 12, 2019, 2:54 PM
Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, SBI and HDFC Bank reported highest number of cases, according to an RBI data. Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping Rs.2.05 lakh crore, a highest of 6,811 were reported by the ICICI Bank involving Rs.5,033.81-crore.
Monday, June 10, 2019, 3:25 PM
ICICI Bank CEO Chanda Kochhar Monday skipped her scheduled appearance before the ED in a money laundering case probe, citing bad health, officials said. The probe involves the bank and the Videocon group. Chanda Kochhar will now be asked to depose later this week. She had not appeared before the agency even last week citing health reasons.
Wednesday, May 8, 2019, 7:40 AM
To bolster Odisha's efforts in rebuilding and restoration post-cyclone Fani, Adani Ports and ICICI Bank have donated a total of Rs. 35 crore to the Chief Minister's Relief Fund (CMRF). While the Adani Group has committed Rs.25 crore, ICICI Bank has donated Rs. 10 crore to support the people affected by the extremely severe cyclonic storm that made landfall in the state last week.
Friday, April 12, 2019, 6:44 PM
Instant messaging service WhatsApp may take-up to five-months to fully localise its payments data in India and go live, said two-bankers in know of matter, after a-test-launch of its payments service among a-limited-number of users faced stiff opposition from competitors last-year. The company does not share details of exact-number of users on its platform, but sources said it may be in range of 7L.
Tuesday, April 2, 2019, 3:04 PM
ICICI Bank has cut its MCLR by five basis-points across tenors from its previous benchmark rates. ICICI Bank has reduced these lending rates for overnight and one-month tenors to 8.5% from the previous 8.55%, three-month tenor to 8.55% from the previous 8.60, six-month tenor to 8.7% from the previous 8.75% and one-year tenor to 8.75% from the previous 8.8%, according to the bank's website.
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