Bank of Baroda profit tumbles as bad loans jump
Jan 30, 2015 at 23:41 | Source:
MUMBAI (Reuters) - Bank of Baroda Ltd increased bad debt provisions by 66 percent in the third quarter, contributing to a big drop in profits, and the bank said bad loan growth would remain a problem in the short term.Bank of Baroda Executive Directo...
ICICI faces brunt of a faltering economy, worst isnt over for banks yet
Jan 30, 2015 at 16:35 | Source:
Mumbai: It is just not only the state-run banks, even country's largest private lender by assets, ICICI Bank, has had its share of woes in the December quarter from the deteriorating asset quality as more companies failed to meet their repayment obli...
ICICI Bank net profit up 13.68% at Rs 3,265.32 cr in Q3
Jan 30, 2015 at 15:21 | Source:
Mumbai: Country's largest private sector lender ICICI Bank today posted 13.68 percent rise in net profit at Rs 3,265.32 crore for the third quarter ended December. The bank had posted a consolidated net profit of Rs 2,872.30 crore for the October-Dec...
Sensex, Nifty on a roll: Markets hit new peaks, banking stocks lead surge
Jan 27, 2015 at 17:59 | Source:
Mumbai: Extending their winning run to the eighth straight session, the benchmark Sensex today jumped 292.20 points to end at new closing high of 29,571.04 and Nifty surpassed the 8,900-mark for the first time on optimism over Indo-US nuclear deal am...
Anti-climax: US business honchos give Obama, Modi's CEO meeting a miss
Jan 26, 2015 at 15:42 | Source:
This bit of newsis likely to take some of the sheen offthe much-hyped India visit of US president Barrack Obama.A report in The Economic Times has said that some of the big US CEOs are unlikely to be present at the US-India CEOs forum meeting that is...
Indian tortoise can grow faster than Chinese hare: Roubini
Jan 23, 2015 at 17:49 | Source:
Davos: India has the potential to overtake China in terms of growth rate in the coming years, provided it implements reforms in a big way, noted economist Nourel Roubini said today.The improvement in India's growth rate has so far mostly been because...
ICICI Bank users can now use Twitter to transfer funds, check balance
Jan 20, 2015 at 08:22 | Source:
Customers of ICICI Bank can usetheir Twitter account for real-time fund transfers, prepaidmobile recharges and to check bank balance.Private sector lender ICICI Bank today launched afacility which allows account-holders to transfer fundsthrough Twitt...
After RBI, banks start passing on benefit to consumers
Jan 15, 2015 at 17:19 | Source:
New Delhi: Within hours of rate cut announced by RBI, United Bank has reduced the benchmark lending rate by 0.25 percent, while other banks including market leader SBI have indicated that they would follow suit.EMIs for home, auto and other loans wil...
Markets end three-day winning streak, Sensex closes below 27,500 mark
Jan 13, 2015 at 18:18 | Source:
Mumbai: A day after the market rallied on the back of positive economic data, a benchmark index of Indian equities markets crashed 160 points in Tuesday's trade.Apart from fast moving consumer goods (FMCG) and healthcare index, all sector-based indic...
Vibrant Gujarat Summit: Modi promises stable taxes, predictable policies
Jan 12, 2015 at 13:19 | Source:
Prime Minister Narendra Modi promised on Sunday to pursue predictable policies and ensure stable taxes, in a speech that sought to address a key concern for foreign investors in Asia's third-largest economy.Modi made his pitch at a major conference a...
Markets rebound from three-week low on value buying
Jan 08, 2015 at 14:38 | Source:
Mumbai: The BSE Sensex rose more than 1 percent on Thursday, rebounding from a near three-week low hit in the previous session, led by gains in companies focused on the domestic economy such as ITC and ICICI Bank on value buying.Sentiment also got a ...
Sensex continues decline after Tuesday's crash, closes below 27,000
Jan 07, 2015 at 17:22 | Source:
Mumbai: After Tuesday's crash, the benchmark Sensex today languished in the red for most of the session and closed 79 points down at three-week low on losses in bluechips, including ICICI Bank and Hindalco, amid continued capital outflows.The NSE Nif...
If Modi wants to get savers off gold, he should try inflation-indexed FDs
Jan 05, 2015 at 07:23 | Source:
The Prime Minister echoed past finance ministers and other economists by asking banks to coax people to invest less in gold and more in financial instruments.Speaking at the 60th anniversary celebrations of ICICI Bank yesterday (2 January), Narendra ...