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ICICI Bank
NSE Announcements on ICICI Bank
Posted by :
MMB MessengerTracked by: 0 Boarder
Members of the Exchange are hereby informed that the trading in the December 2001 Regular Income Bond - Option I, II and III, Symbol - ICICI0102, Series - N5, N6 and N7 of ICICI Bank Ltd. (issued by erstwhile ICICI Ltd.) shall be suspended w.e.f. December 16, 2008 on account of final redemption....
stock to bounce back
Posted by : mukutTracked by: 0 Boarder
I hope they leaves as soon as possible. so that our market can get stability....
In reply to:
stock to bounce back
Posted by :
sattmarket
citi bank ,HSBC bank will be leave india very soon,citi group 50000 people already lost jobs 
stock to bounce back
Posted by : sattmarketTracked by: 0 Boarder
citi bank ,HSBC bank will be leave india very soon,citi group 50000 people already lost jobs ...
In reply to:
stock to bounce back
Posted by : mukut
We have worst regulator and currupt officials who looks like works for manipulators. Once all manipulators covers their shorts then everybody will start making announcement.
stock to bounce back
Posted by : mukutTracked by: 0 Boarder
We have worst regulator and currupt officials who looks like works for manipulators. Once all manipulators covers their shorts then everybody will start making announcement....
In reply to:
stock to bounce back
Posted by : marketbear
Traders are adviced to cover their shorts if any in this stock as ICICI Bank, being rate sensitive, will bounce back in expectation of rate cuts from RBI in coming days. There will be huge short squeeze in the stock and stock can move up sharply led by short covering rather than buying. Stock can bounce back towards levels of 460 within a week`s period. Short term traders can create long positions in the stock with stop loss at 347 levels. Adjust the stop losses accordingly if stock moves up.
stock to bounce back
Posted by : marketbearTracked by: 0 Boarder
Traders are adviced to cover their shorts if any in this stock as ICICI Bank, being rate sensitive, will bounce back in expectation of rate cuts from RBI in coming days. There will be huge short squeeze in the stock and stock can move up sharply led by short covering rather than buying. Stock can bounce back towards levels of 460 within a week`s period. Short term traders can create long positions in the stock with stop loss at 347 levels. Adjust the stop losses accordingly if stock moves up....
BUY ICICI BANK
Posted by : mukutTracked by: 0 Boarder
Above 380 stop loss trigger be active for huge short coverings. Lets waith for the action any time now....
In reply to:
BUY ICICI BANK
Posted by : chief_kamani
gandabaccha-What you say is possible!!But they are very dynamic!!and can get out,as they have done many times earlier!!
BUY ICICI BANK
Posted by : chief_kamaniTracked by: 0 Boarder
gandabaccha-What you say is possible!!But they are very dynamic!!and can get out,as they have done many times earlier!!
...
In reply to:
BUY ICICI BANK
Posted by :
gandabaccha
dear, bank will not go bankrupt but its business will reduce to a large extent becoz common people and corporates alike are scared of this "bankrupt phenomenon" and they are shifting there funds to public sector banks, now NII of bank will be very less in coming quarters also due to slowdown the NPA is also expected to increase substantially, need to re-rate the stock at much less than CMP.
GANDABACCHA
BUY ICICI BANK
Posted by : chief_kamaniTracked by: 0 Boarder
mukut-This has been a shorters favourite as there is no single owner!!But when sanity is restored,we could see a bounce back!!But right now market is in a heavy bear mood!!
...
In reply to:
BUY ICICI BANK
Posted by : mukut
Heavy short build up in ICICI BANK. Any trigger from RBI or FM short covering can this stock back to 480-500 level.
BUY ICICI BANK
Posted by : mukutTracked by: 0 Boarder
Heavy short build up in ICICI BANK. Any trigger from RBI or FM short covering can this stock back to 480-500 level....
In reply to:
BUY ICICI BANK
Posted by : chief_kamani
gandabaccha-Today I saw Kamath and FM sitting nearby for a press conferance from abroad!!Looks like they could get their rating back!!
BUY ICICI BANK
Posted by : chief_kamaniTracked by: 0 Boarder
gandabaccha-Today I saw Kamath and FM sitting nearby for a press conferance from abroad!!Looks like they could get their rating back!!
...
In reply to:
BUY ICICI BANK
Posted by : gandabaccha
Dear chief.. i do not think they will re-rate ICICI BANK for 2 reasons.
1)they will merely look at the finances of the bank which bank can shore up temporarily, it may not be an easy task but not an impossible task.
2) in these era of uncertain times ,even rating agencies will rethink twice before taking any such drastic steps as GOI has involved itself directly in keeping image of indian banks safe from this crisis, however i still think that no indian bank including ICICI BANK is having any risk of default or bank run.
thing concerning me is a serious dent in credibility of ICICI bank ( and to a extent on all private sector banks) in the minds of indian public and indian corporates which will surely materialise itself in bank results in coming quarters.
GANDABACCHA
RBI and FM is just waiting for eroding the capital
Posted by : mukutTracked by: 0 Boarder
After eroding heavy capital of small investors RBI and FM will do some announcement to support market. SO far they have not taken any strong steps for economy....
ICICI Bank plunges 5.5%
Posted by : MMB MessengerTracked by: 0 Boarder
ICICI Bank had touched an intraday high of Rs 380 and an intraday low of Rs 361.50. At 10:03 am, the share was quoting at Rs 365, down Rs 21.45, or 5.55% on the NSE. It was trading with volumes of 641,965 shares. Yesterday the share closed down 2.39% or Rs 9.45 at Rs 386.45. ...
Either stay invested or Enter after 6month
Posted by : mukutTracked by: 0 Boarder
Those who are in deep red stay invested and stay away from speculation trading ideas. Market is in highly uncertainty which can take any direction.
If u r planning to invest keep long term perspective and start buying in SIP mode.
ICICI is good entry on every dip but stay away from speculatiove trading ideas from people like Rajat k Bose which might lead in deriorating wealth.
...
Goldman CEO, 6 others miss 2008 bonuses
Posted by : My MultibaggersTracked by: 0 Boarder
Mon, Nov 17 10:06 AM
Goldman Sachs Group Inc said on Sunday its Chief Executive Lloyd Blankfein and six other top officials will not get bonuses for 2008.
Blankfein, Presidents and Co-Chief Operating Officers Jon Winkelried and Gary Cohn, Chief Financial Officer David Viniar, and three vice chairmen -- J. Michael Evans, Michael Sherwood and John Weinberg -- asked the board`s compensation committee Sunday morning that they not receive a bonus, spokesman Lucas van Praag said.
The compensation committee met and agreed, Praag said.
The executives will only be eligible for a base salary of $600,000 each, the `Wall Street Journal` reported.
Last year, Blankfein made $68.5 million, Winkelried and Cohn got $67.5 million, and Viniar got $57.5 million. The compensation of the other three was not disclosed.
New York Attorney General Andrew Cuomo said Goldman had taken "an important step in the right direction."
Last month, Cuomo warned Goldman and eight other banks getting US government money in the first round of capital injections under the $700 billion Troubled Asset Relief Program that using the funds for bonuses might break state law.
"This gesture by Goldman Sachs is appropriate and prudent and hopefully will help bring Wall Street to its senses," Cuomo said in a statement on Sunday. "We strongly encourage other banks to follow Goldman Sachs` step."
Goldman`s move comes as the global credit crisis leads to big losses and erodes profit for banks and securities firms.
Banks worldwide have fired more than 150,000 people since the crunch began. Goldman recently fired 3,200 employees, or 10 per cent of its global workforce.
Goldman became a bank holding company regulated by the Federal Reserve in September, along with Morgan Stanley, after Lehman Brothers failed, Merrill Lynch agreed to be bought as financial markets went into turmoil.
On September 16, Goldman posted a 70 per cent drop in quarterly profit, its biggest earnings decline since going public in 1999, as the worst market slump in decades led to weaker-than-expected revenue.
Several analysts expect the company to post a fourth-quarter loss, which would be its first ever as a public company.
Its shares are down 69 per cent so far this year....
Citigroup Chief Mr. Pandit to Reduce Headcount by 50,000 ...
Posted by : My MultibaggersTracked by: 0 Boarder
Nov. 17 (Bloomberg) -- Citigroup Inc., the U.S. bank with the most employees, plans to eliminate more than 50,000 jobs and cut expenses by 20 percent from their peak as the global economy contracts.
Chief Executive Officer Vikram Pandit intends to reduce headcount by about 14 percent to 300,000 in the ``near term,`` according to a presentation on the firm`s Web site today. Pandit has already cut 23,000 jobs, leaving the New York-based bank with 352,000 employees as of Sept. 30.
Citigroup slumped 19 percent in New York trading last week and is down 68 percent this year, after four straight quarterly losses totaling $20 billion. The fourth-biggest U.S. bank by market value will probably post a loss of about $187 million for the fourth quarter, analysts surveyed by Bloomberg estimated.
``Continued asset and expense reductions, while positive, are indicative that the operating environment has been and is expected to continue to be challenging,`` Barclays Capital analyst Jason Goldberg said today in a report.
Citigroup declined 57 cents, or 6 percent, to $8.95 in composite trading on the New York Stock Exchange at 10:31 a.m., the second-worst performance behind BB&T Corp. on the 24-company KBW Bank Index.
Annual expenses will fall to about $50 billion in 2009, according to today`s presentation. Expenses in the past four quarters totaled $62 billion.
Job Cuts
Banks and brokerages worldwide have shed more than 200,000 jobs since the subprime mortgage market`s collapse last year sparked a credit crisis. Goldman Sachs Group Inc., which converted last month from the biggest U.S. securities firm into a commercial bank, began earlier this month telling about 3,200 employees, or 10 percent of its workforce, they were out of a job, according to a person familiar with the decision.
Citigroup, Goldman Sachs and rivals such as Merrill Lynch & Co. have been reducing staff as the revenue outlook dims for banks and securities firms.
(Source: Bloomberg)...
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