RBI to announce next monetary policy review on 1 Dec
Nov 27, 2015 at 21:42 | Source:
Mumbai: Reserve Bank today said it will announce its fifth bimonthly monetary policy review on 1 December."The Reserve Bank of India will announce the Fifth bimonthly monetary policy review, 2015-16 on Tuesday, December 1, 2015 at 11 AM by way o...
Bank stocks up on govt steps to address NPAs
Nov 27, 2015 at 17:42 | Source:
Mumbai: Shares of banks today went up by about 6 percent after the government said that it is planning to set up a high-level panel to effectively deal with the issue of mounting bad loans.Shares of State bank of India jumped 2.80 percent to settle f...
StanC ropes in ICICI Bank's Zarin Daruwala as India CEO
Nov 17, 2015 at 21:14 | Source:
Mumbai: The country's largest foreign lender Standard Chartered today appointed Zarin Daruwala of ICICI Bank as its new chief executive in the place of incumbent Sunil Kaushal who will be elevated as the regional head for Africa and West Asia operati...
ICICI to sell 6% stake life insurance arm for Rs 1,950 cr
Nov 16, 2015 at 22:10 | Source:
New Delhi: ICICI Bank today said it proposes to sell 6 percent stake in its life insurance arm ICICI Prudential Life to two investors, including Premji Invest, for about Rs 1,950 crore.The board decided to sell "4 per cent to Premji Invest &...
BRICS Bank to fund inclusive needs of emerging nations: PM Modi
Nov 15, 2015 at 16:24 | Source:
Antalya: India will guide the BRICS nations' USD 50 billion New Development Bank - a rival to the World Bank - to finance "inclusive and responsive" needs of particularly emerging economies, Prime Minister Narendra Modi said on Sunday.BRICS...
Brics Bank to fund inclusive needs of emerging nations: PM Modi
Nov 15, 2015 at 16:24 | Source:
Antalya: India will guide the Brics nations' USD 50 billion New Development Bank - a rival to the World Bank - to finance "inclusive and responsive" needs of particularly emerging economies, Prime Minister Narendra Modi said on Sunday.Brics...
Sensex tanks 256 pts, sinks to lowest level in two months
Nov 13, 2015 at 17:15 | Source:
Mumbai - After taking a day's breather in special trading session on Wednesday, the benchmark BSE Sensex today slipped by 256.42 points to a two-month low of 25,610.53on bearish macroeconomic data even as muted global cues continued to rile domestic ...
Banking Gamification: Cracking the next level
Nov 06, 2015 at 17:56 | Source:
By Rajashekara V MaiyaGamification has a strategic role to play in the digital banking era. As banks make the shift from enabling transactions to creating experiences, they can find in gamification a powerful tool to engage, educate, motivate and inf...
Amtek Auto hires Morgan Stanley services for reducing its debt
Nov 03, 2015 at 10:25 | Source:
New Delhi: Troubled auto component maker Amtek Auto Ltd on Monday appointed Morgan Stanley as advisors to assist in its debt reduction plan.In a regulatory filing, the firm said it was considering various options, including a minority stake sale of u...
ICICI Bank prunes equity investment in two overseas arms to half
Oct 31, 2015 at 12:33 | Source:
Mumbai: ICICI Bank has more than halved its equity investment in the two arms in Canada and the UK to 5.2 percent at the end of September quarter from 11 percent as of March 2010.ICICI Bank has close to a quarter of its assets of Rs 4,09,700 crore wi...
ICICI Bank reports 12% rise in Q2 profit at Rs 3,419 cr
Oct 30, 2015 at 15:33 | Source:
Mumbai: India's largest private sector lender ICICI Bank today reported a 11.5 percent jump in consolidated net profit at Rs 3,418.53 crore for the second quarter ended 30 September.The bank's net profit in July-September quarter of the previous fisc...
Sensex drops over 150 points on weak Chinese markets, Axis Bank tumbles 6%
Oct 28, 2015 at 10:34 | Source:
Pessimism across key Chinese stock indices weighed on Indian equity markets in early Wednesday trade, with benchmark Sensex dropping 150 points over yesterday's close while a massive correction engulfed the Axis Bank counter even as the private secto...
Sensex sheds 109 pts on profit-taking; US Fed meet this week holds key
Oct 26, 2015 at 16:48 | Source:
Domestic equities ended weak in a mixed trading session on Monday, with investors resorting to profit-taking, mainly, in banking, oil & gas, metals and consumer durable shares even as all eyes will be on the Fed's rate-setting meeting schedul...