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ICICI Bank has informed that Mr. Sanker Parameswaran, Senior General Manager and Head, Corporate Legal Group would be the Company Secretary of ICICI Bank Ltd effective January 01, 2014.
According to KV Kamath, it is difficult to precisely put a number whether banks should go for a 10-15-20 percent haircut, but a haircut would be required in every case.
Shares of Tata Motors, Larsen and Toubro, ICICI Bank, TCS and Bharti Airtel rose between 0.4-0.8 percent.
India, ICICI Bank and M&M are top gainers in the Sensex. Among major losers are Tata Steel, Heromotocorp and NTPC.The rupee opened marginally higher by 7 paise at 61.84 per dollar on Tuesday
Indian ADRs ended mostly lower on Monday. ICICI Bank fell 0.38 percent, Dr Reddys Laboratories slipped 0.51 percent and Infosys shed 2.94 percent.
Base rate is the minimum lending rate below which banks can not lend to a borrower. The bank has also aligned its benchmark prime lending rate to 14.45 percent from 14.20 percent.
, banking and realty stocks were in sellers’ radar. Infosys, Bajaj Auto and M&M ended the day with 2 percent loss. Other losers in the Sensex are L&T and ICICI Bank.Technical analyst Gautam Shah
Sudarshan Sukhani of s2analytics.com is of the view that one may exit PC Jeweller and prefer Sesa Sterlite, Hindalco Industries in metals space or ICICI Bank and State Bank of India in the banking
Sudarshan Sukhani of s2analytics.com prefers private sector banks.
Pressure is seen in banking stocks as well. HDFC Bank, ICICI Bank, Kotak Mahindra, Bank of Baroda and PNB are dragging the banking index. Bajaj Auto, L&T, Wipro, Infosys and ONGC are top losers
Kotak Mahindra Bank, one of the youngest lenders among the domestic players, joined its larger peers SBI, ICICI Bank and mortgage major HDFC in cutting the home loan rate by 0.25 percent last week.
.4 percent and 0.3 percent respectively. SGX Nifty is trading up by 11 points at 6,375.Indian ADRs ended on a positive note. Among financial ADRs, ICICI Bank and HDFC Bank were up by 1.2 percent
We like FMCG, autos, private banks, telecom & cement sector. We remain negative on capital intensive sectors like PSU banks, capital goods & infra, power, metals & real estate, says
Indian ADRs ended higher on Friday. HDFC Bank, ICICI Bank and Infosys gained more that 1 percent.
.73, and the Nifty is up 13.90 points at 6292.80. About 319 shares have advanced, 69 shares declined, and 11 shares are unchanged.Sesa Sterlite, ICICI Bank, Axis Bank, SBI and Infosys are early gainers in the Sensex
. Among financial ADRs, ICICI Bank and HDFC Bank were down by 0.1 percent and 1.7 percent respectively. Among IT ADRs, Wipro was down by 0.1 percent while Infosys was up by 0.6 percent. Tata
Indian ADRs ended lower on Thursday. Wipro was down 0.08 percent, Tata Motors slipped 0.98 percent and ICICI Bank shed 0.11 percent.
Sudarshan Sukhani of s2analytics.com is upbeat on private sector banks.
The Cabinet Committee on Economic Affairs (CCEA) on Thursday hiked the foreign ownership limit in Axis Bank to 62 percent from an earlier cap of 49 percent. As per the current share price, the move
Hemant Thukral of Aditya Birla Money is bullish on Canara Bank, Bank of India and Oriental Bank of Commerce. He feels Bank of India may touch Rs 246.
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