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Be alert this Ganesh Chaturthi and you could be rewarded a gold coin

Aug 29, 2014 at 11:36 | Source: FirstPost

Mumbai: As part of its holistic anti-terror measures, the Mumbai Police has decided to reward alert citizens who spot unattended, suspicious objects in the vicinity of Ganesh pandals across the city.The Mumbai Police in association with ICICI Bank wi...

SBI cuts home loan rate

Aug 27, 2014 at 13:52 | Source: Calcutta Telegraph News

Mumbai, Aug. 26: The State Bank of India (SBI) today reduced interest rates on home loans by up to 15 basis points. The relief, however, will only apply to new home loans and there will be no change in the equated monthly instalments of existing bor...

Nomura pegs India's Q2 GDP growth at 5.9%; top 10 stocks that can return 24% in a year

Aug 26, 2014 at 12:22 | Source: Economic Times

NEW DELHI: Global brokerage firm Nomura, which sees nearly 15 per cent upside in the Sensex in the next one year, has revised its FY16 real GDP growth forecast to 6.8 per cent YoY vs. 6.5 per cent previously. "We expect the economy to fire on all cyl...

Deutsche sees GDP at two-year high of 5.6 per cent

Aug 24, 2014 at 18:32 | Source: Economic Times

MUMBAI: Ahead of the official release of the first quarter GDP readings later this week, German brokerage Deutsche Bank Markets Research has pegged the final print at an eight quarters high of 5.6 per cent saying a cyclical recovery has begun. The op...

ICICI offers EMI bait for debit card buy

Aug 20, 2014 at 04:22 | Source: Calcutta Telegraph News

Mumbai, Aug. 19: ICICI Bank today launched an equated monthly instalment (EMI) scheme on purchases made through debit cards. The country’s largest private bank has tied up with Samsung India to offer this first-of-a-kind facility across 9,000 ...

Markets hit fresh record highs; Sensex may touch 31,000 by December-end

Aug 19, 2014 at 13:27 | Source: Economic Times

NEW DELHI: Benchmark indices rallied 1 per cent each in trade on Monday to hit their respective fresh record highs, led by strong buying seen in frontline stocks such as ICICI Bank, ONGC, Tata Motors and L&T. The S&P BSE Sensex rallied over 300 poin...

New norms soon for PSU bank directors; CMD post to be split

Aug 18, 2014 at 14:02 | Source: Economic Times

NEW DELHI: The Centre is moving swiftly to clean up the appointments to state-run bank boards and unveil fresh guidelines to revamp the system of senior-level appointments which have come under intense scrutiny after the alleged Syndicate Bank briber...

Top 9 Sensex companies add Rs 66,483 crore in m-cap; HDFC, ONGC shine

Aug 18, 2014 at 04:17 | Source: Economic Times

NEW DELHI: Top nine Sensex companies saw a cumulative addition of Rs 66,483 crore in their market capitalisation last week, with major contribution coming in from HDFC and ONGC. SBI was the only company that witnessed dip in its market valuation amon...

RBI board approves Raghuram Rajan's proposal for overhaul, Nachiket Mor may be COO

Aug 14, 2014 at 12:07 | Source: Economic Times

MUMBAI: The Reserve Bank of India board has approved Governor Raghuram Rajan's proposal for a radical overhaul of the institution aimed at shaking up a system seen as staid and rigid, by shrinking organisational bloat and reducing overlaps. It also s...

Banks see rate cut by March

Aug 08, 2014 at 06:02 | Source: Calcutta Telegraph News

New Delhi, Aug. 7: Bankers expect the Reserve Bank of India to cut policy rates by the end of this fiscal and feel a GDP growth of 5.5 per cent is achievable, Chanda Kochhar, chief executive officer and managing director of ICICI Bank, said. “...

RBI keeps key rates unchanged, cuts SLR by 50 bps

Aug 07, 2014 at 02:07 | Source: Economic Times

MUMBAI: Reserve Bank of India Governor Raghuram Rajan kept interest rates unchanged for the third time in a row as expected, making it abundantly clear that his intent is to stay the course and slay the inflation demon once and for all, declaring tha...

Top 10 rate sensitive stocks which can deliver up to 26% return in near term

Aug 05, 2014 at 18:22 | Source: Economic Times

NEW DELHI: The Reserve Bank of India (RBI) in its policy meet on Tuesday kept both the repo and reverse repo rates on hold, but slashed SLR by 50 bps to 22 per cent and reduced the HTM (Held to Maturity) ceiling to 24 per cent. These two measures are...

After dream run, bulls face reality check on Dalal Street; Sensex, Nifty may fall 3-7%

Aug 04, 2014 at 12:52 | Source: Economic Times

MUMBAI: Indian stock markets may need to brace for more turbulence over the next few months as rich valuations and global uncertainties could prompt investors — mainly foreign institutions — to lock in some profits. The Sensex and Nifty may fall ...

Managing social media is not a child's play; goof-ups can hurt brands badly

Aug 04, 2014 at 12:52 | Source: Economic Times

NEW DELHI: On June 29, soon after the Netherlands knocked Mexico out of the football World Cup in a close encounter, Dutch airline KLM tweeted 'Adios Amigos!' accompanied by a picture of an airport departure sign with the drawing of mustachioed man ...

Top five bargain buys which can offer up to 53% upside in next 12 months

Aug 02, 2014 at 05:02 | Source: Economic Times

NEW DELHI: Indian markets have come under a bit of pressure in the past couple of daya which was largely on account of global factors, but the broader trend still remain on the upside, say analysts. India has been the market of choice for global inve...

Banks bet on core bonds

Aug 01, 2014 at 04:07 | Source: Calcutta Telegraph News

Mumbai, July 31: Banks are joining the infrastructure bond bandwagon just days after the RBI announced key relaxations for such issues. ICICI Bank and Andhra Bank are in the process of raising Rs 1,000 crore each through this route. Recently, the bo...

Loan fillip for ICICI

Aug 01, 2014 at 04:07 | Source: Calcutta Telegraph News

Mumbai, July 31: ICICI Bank today beat Street estimates with net profit growing 17 per cent in the first quarter ended June 30, 2014, on account of a surge in retail loans. However, consolidated profit for the April-June period rose marginally by 3 ...

ICICI Bank sees 17 per cent rise in net profits

Aug 01, 2014 at 04:07 | Source: Economic Times

Healthy deposit growth, improved net interest margins and lower provisions led to better than expected results for ICICI Bank in June 2014 quarter. The country's largest private lender recorded a 17 per cent increase in net profits for ICICI Bank. I...

ICICI Bank Q1 PAT up 16.7% at Rs 2,655 crore; in line with estimates

Aug 01, 2014 at 04:07 | Source: Economic Times

MUMBAI: ICICI Bank's June quarter net rose 17%, lifted by treasury profits, repatriation of capital from overseas units and retail loans, forecasting a brighter year ahead as car sales and industrial output show signs of uptick. The bank's net profi...

Bad loan woe seen to ease

Jul 14, 2014 at 05:37 | Source: Calcutta Telegraph News

Mumbai, July 13 (PTI): Top banker Chanda Kochhar has said there can be some addition to the non-performing assets (NPAs) of banks during the current fiscal, but the worst appears to be over. �There will be some addition to NPAs and the restructure...

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