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Articles 221 through 320 of 500:
- Sensex Surges 170 Points (Pioneer, Correspondent or Reporter, May 15, 2007)
Bulls, inspired by impressive quarterly results from banking sector heavyweight State Bank of India and support from strong global markets lifted the Sensex by nearly 170 points on Monday.
- False Claims Bring Icici Bank Under Mrtpc Lens (Deccan Herald, Correspondent or Reporter, May 14, 2007)
In its preliminary report, the Director General of Investigation and Registration (DGIR), the investigation arm of MRTPC, has said ICICI Bank caused loss to its credit card users besides violating related RBI guidelines.
- Rbi Tells Banks To Keep Loan Rates Reasonable (Business Line, Correspondent or Reporter, May 08, 2007)
Deposit rates may be pruned to protect margins
Note of caution
Banks have to go by several guidelines on small value loans
Interest charged should incorporate risk premium as considered reasonable to internal rating of borrower
- Mkt On A Roll, Sensex Closes Below 14k ( (Singapore Times, Correspondent or Reporter, May 05, 2007)
The market was on a roller coaster ride on Friday. Volatility best describes the last trading session of the week. The inflation numbers that were released on Friday, could not do much to pull the market up and profit booking continued for the day.
- Reliance Largest Fund House Again (Times of India, Correspondent or Reporter, May 05, 2007)
Anil Dhirubhai Ambani group company, the Reliance Mutual Fund, retains its position as the country’s largest fund house having assets of over Rs 48,000 crore, even as the collective wealth of all the fund houses soars past Rs 3.50 lakh crore.
- Rel Comm Adds Colour To Pale Markets (Singapore Times, Correspondent or Reporter, May 01, 2007)
If the market slumped owing to disappointing earnings numbers from ICICI Bank and Hindustan Lever, then Reliance Communication did a good job boosting it and helping it recover from the day's lows on Monday.
- Private Equity And India's Fdi Boom (Business Line, C. P. Chandrasekhar, May 01, 2007)
India in recent months has been witnessing a surge in foreign direct investment inflows which, together with enhanced borrowing abroad by Indian firms, seems to explain the sharp rise in foreign exchange reserves. In this edition of Macroscan ,
- Sensex Declines Further (Hindu, Correspondent or Reporter, May 01, 2007)
The Sensex ended in the negative territory on Monday on weak global cues as well as the disappointing results and equity dilution plans by ICICI Bank.
- Icici Goes For Growth: Stock Markets Not Impressed (The Economic Times, Editorial, Economic Times, May 01, 2007)
ICICI Bank has always been a bit of a pioneer. The announcement that it will soon be in the market to raise a mind-boggling additional Rs 20,000 crore is in keeping with this pioneering spirit.
- Stock Holding Corp Takes Note Of Its Rot, Does Nothing To Help (Indian Express, Sucheta Dalal, Apr 30, 2007)
SHCIL is India’s largest depository company and acts as custodian to the capital market transactions of all of India’s top public sector financial institutions, insurance companies and nationalised banks.
- Level The Financial Field (The Financial Express, Correspondent or Reporter, Apr 30, 2007)
Loans to the underprivileged are a lucrative and fast-growing business for India’s financiers.
- Credit Policy Pushes Sensex Up By 208 Points (Pioneer, Correspondent or Reporter, Apr 25, 2007)
Sensex regained 14, 000 mark on Tuesday on the back of RBI's decision of keeping all key rates unchanged.
- ‘After Consumer Credit, Rural Lending Is The Next Big Opportunity’ (Indian Express, GAUTAM CHIKERMANE, Apr 23, 2007)
From the 10th floor of the ICICI Bank building in the Bandra-Kurla Complex in Mumbai, the bank’s managing director and chief executive officer K.V. Kamath can a large expanse of urban India the target set for the bank to borrow from and lend to.
- Small Beginnings, Big Advances (Indian Express, DEEPTI BHASKARAN, Apr 23, 2007)
From Rs 1,200 crore to Rs 23,48,000 crore of assets, from a moneylender to a one-stop financial shop, from a 9-1 neighbourhood branch to a 24x7 seamless entity, the Indian banking sector has undergone a makeover in the six decades since independence.
- Performing Assets (Indian Express, Editorial, Indian Express, Apr 23, 2007)
As businesses go, banking is largely a commodity business banks borrow money from those who have excess of it and lend it to those who need it, and try to earn a spread.
- Bank Loan For Your Second Home May Cost You More (Indian Express, Correspondent or Reporter, Apr 23, 2007)
Home loan rates are all set to march northwards for those planning to avail bank loan for a second house. Banks are considering higher charges for those seeking loans for a second home or above the Rs 15 to 20-lakh limit.
- Is Bigger Better ? (Indian Express, Editorial, Indian Express, Apr 23, 2007)
At around $780 billion, India’s GDP (gross domestic product) is comparable to that of South Korea, yet Korean banks have seven times more banking assets than Indian banks.
- Handling The Heights (Indian Express, GAUTAM CHIKERMANE, Apr 23, 2007)
At around $600 billion or Rs 27,46,200 crore, the total banking assets in India are about the same as the world’s 25th largest bank, the Rabobank Group. India’s biggest bank, State Bank of India (SBI), has assets of $107 billion.
- The Reform Models (Indian Express, Editorial, Indian Express, Apr 23, 2007)
In 1791, the Congress chartered the first bank. Initially, only states were allowed to float banks. But in 1837, when the industry was opened to all, their numbers shot up from 24 to 712.
- Foreign Direct Investment Into India Nearly Tripled To $16 Billion Last (International Herald Tribune, Correspondent or Reporter, Apr 20, 2007)
Foreign direct investment into India nearly tripled last fiscal year as more overseas investors flocked to the country, India's commerce minister, Kamal Nath, said Thursday.
- Indian Banks Told To Cut Back On Loans To High-Risk Businesses (International Herald Tribune, Correspondent or Reporter, Apr 20, 2007)
Indian banks should cut back on lending to high-risk businesses and give priority to the productive sectors, Finance Minister Palaniappan Chidambaram said Thursday.
- Action Begins (Indian Express, Sucheta Dalal, Apr 15, 2007)
The government of India has ordered a detailed probe into the goings-on at Stock Holding Corporation of India Ltd (SHCIL) that have been detailed in these columns over the last six weeks.
- Saving Private Banks With 50% Net (The Economic Times, Correspondent or Reporter, Apr 13, 2007)
The net interest income (NII) of private banks for the January-March quarter is seen rising 40-50% and in case of public sector banks, the increase is likely to be 15-20%, according to an earnings poll of seven brokerages.
- Pc Justifies Rbi Rate Hike, Pnb Also Joins Race (Pioneer, Correspondent or Reporter, Apr 12, 2007)
The Reserve Bank of India's recent decision to increase repo rates and CRR to control inflation has forced the country's second largest public sector bank, Punjab National Bank, to hike its Benchmark Prime Lending Rate (BPLR) by 75 basis points to . . . .
- Foreign Stake In Banks High: Rbi (Asian Age, Correspondent or Reporter, Apr 07, 2007)
Reserve Bank of India deputy governor Shyamala Gopinath said that foreign investments are quite large in private and public sector banks. She said that foreign investments in the State Bank of India are around 30 per cent. Ms Gopinath was . . .
- Sensex Continues Its Upward March (Deccan Herald, Correspondent or Reporter, Apr 06, 2007)
Shrugging of initial losses, the stock markets on Thursday continued their upward march as the Bombay Stock Exchange benchmark Sensex garnered another 69 points on selective buying.
- Is Bigger Better ? (Indian Express, Correspondent or Reporter, Apr 05, 2007)
At around $780 billion, India’s GDP (gross domestic product) is comparable to that of South Korea, yet Korean banks have seven times more banking assets than Indian banks.
- 'After Consumer Credit, Rural Lending Is The Next Big Opportunity' (Indian Express, GAUTAM CHIKERMANE, Apr 05, 2007)
From the 10th floor of the ICICI Bank building in the Bandra-Kurla Complex in Mumbai, the bank’s managing director and chief executive officer K.V. Kamath can a large expanse of urban India the target set for the bank to borrow from and lend to.
- Handling The Heights (Indian Express, GAUTAM CHIKERMANE, Apr 05, 2007)
At around $600 billion or Rs 27,46,200 crore, the total banking assets in India are about the same as the world’s 25th largest bank, the Rabobank Group. India’s biggest bank, State Bank of India (SBI), has assets of $107 billion.
- The Reform Models (Indian Express, Correspondent or Reporter, Apr 05, 2007)
n 1791, the Congress chartered the first bank. Initially, only states were allowed to float banks. But in 1837, when the industry was opened to all, their numbers shot up from 24 to 712.
- Performing Assets (Indian Express, Correspondent or Reporter, Apr 05, 2007)
As businesses go, banking is largely a commodity business banks borrow money from those who have excess of it and lend it to those who need it, and try to earn a spread.
- Small Beginnings, Big Advances (Indian Express, DEEPTI BHASKARAN, Apr 05, 2007)
From Rs 1,200 crore to Rs 23,48,000 crore of assets, from a moneylender to a one-stop financial shop, from a 9-1 neighbourhood branch to a 24x7 seamless entity, the Indian banking sector has undergone a makeover in the six decades since independence.
- Icici Bank Gives Green Push To Debit Cards (Business Line, M. Ramesh , Apr 04, 2007)
In the coming months, ICICI Bank will strive to establish a connection in the minds of its customers between using their debit cards and saving the planet.
- Reliance Mf Back On Top, Hits $10 Bn (Indian Express, Correspondent or Reporter, Apr 04, 2007)
Reliance Mutual Fund has regained its position as the country’s biggest fund house, overtaking ICICI Prudential by a huge margin in terms of assets under management (AUM).
- Dalal St Bleeds (Tribune, Correspondent or Reporter, Apr 03, 2007)
For investors there is no worse way to start new fiscal than to see over Rs1.5 trillion go down the drain in trading that lasted less than six hours.
- Panel Suggests Reforms To Make Mumbai A Global Financial Hub (Hindu, Correspondent or Reporter, Apr 03, 2007)
Curbs on currency deals should go to make rupee fully convertible'
Global cos. should be allowed to set up offices
Abolition of STT, stamp duty a must
- Rbi Move Backfires (Pioneer, Correspondent or Reporter, Apr 03, 2007)
Stock market is the latest casualty of the Government's desperate attempt to control inflation through the Reserve Bank of India's monetary intervention, which has sent borrowing rates soaring and taken away homes, cars and consumer durables out . . .
- Sensex Crashes 617 Pts; Auto, Banking Stocks Lead Sell-Off (Business Line, Correspondent or Reporter, Apr 03, 2007)
RBI's liquidity-tightening steps result in second biggest single-day fall
- At This Rate! (Indian Express, Editorial, Indian Express, Apr 02, 2007)
The increase in CRR and repo rates by the RBI on Friday will further squeeze available credit in the market and make loans more expensive for businesses and households.
- Banks Mull Strategy After Rbi Hikes Rates (Pioneer, Correspondent or Reporter, Apr 02, 2007)
A day after ICICI Bank upped its lending rates following RBI's key rate hikes, several lenders were mulling their response even as IndusInd Bank hinted at a possible rise this week.
- Health Insurance For Handicraft Artisans (Hindu, Correspondent or Reporter, Apr 01, 2007)
Union Textiles Minister Shankarsinh Vaghela on Saturday launched a comprehensive health insurance scheme for handicraft artisans formulated in collaboration with ICICI Lombard General Insurance Company.
- Deutsche Boerse, Sgx Get Nod To Buy Stake In Bse (Singapore Times, Correspondent or Reporter, Mar 31, 2007)
Germany-based Deutsche Boerse and Singapore Exchange (SGX) have been given the go-ahead by the Foreign Investment Promotion Board (FIPB) to pick up a 5% stake each in the Bombay Stock Exchange (BSE). Both Deutsche Boerse and Singapore Exchange . . .
- Ongc Leads Indian Firms In Forbes List (Pioneer, Correspondent or Reporter, Mar 31, 2007)
Oil and Natural Gas Corporation (ONGC) leads the pack of 34 Indian companies, a chunk of them from the banking sector, which have found place on the elite Forbes' list of 2000 corporate giants across the world.
- It's The Rate Of Return That Matters (Business Line, Editorial, Business Line, Mar 27, 2007)
There has been a great deal of controversy over the issue of investing Employees' Provident Fund (EPF) money in the equity market.
- Sbi, Icici To Raise Funds Abroad (Indian Express, Correspondent or Reporter, Mar 24, 2007)
The State Bank of India, the country’s largest commercial lender, has increased the size of its minimum term note (MTN) programme to $5 billion from the earlier $2 billion.
- India's Banks Are Seen As Antiquated And Unproductive (New York Times, Correspondent or Reporter, Mar 23, 2007)
Hundreds of bank branches can be found in India’s capital nestled behind metal grates in concrete buildings and tucked down alleyways off busy thoroughfares.
- Stanchart, Barclays Talk To Biyani's Future Group (Singapore Times, Correspondent or Reporter, Mar 21, 2007)
A clutch of foreign banks are talking to Kishore Biyani's Future group for an alliance that will help them sell consumer loans and other financial products piggybacking on the retailer's wide presence.
- India Inc Carts Money To Pvt Banks To Duck Strike (The Economic Times, Correspondent or Reporter, Mar 20, 2007)
India Inc, small businesses and cautious individuals have started transferring money to private sector and foreign banks in the wake of a strike call given by public sector bank unions for next week.
- An Antiquated Banking System Holds Back Development In India (International Herald Tribune, Correspondent or Reporter, Mar 17, 2007)
Janpath, a traffic-choked mini-highway that runs through central Delhi, is home to some the city's best-known jewelry stores and five-star hotels — and, less famously, to dozens of bank branches.
- Law & Order: Smart Thieves, Gullible Public (Hindu, Correspondent or Reporter, Mar 17, 2007)
Offenders exploit crowded situations at banks, writes MARRI RAMU
Never leave your cash bag or valuables in vehicle
Do not get carried away by stranger's words
- Indian Inflation Strong, Spooks Investors (Frontier Post, Correspondent or Reporter, Mar 17, 2007)
India’s inflation rate headed back towards two-year highs, data showed on Friday as the government, stung by election defeats in which the cost of living was an issue, called on the central bank to keep prices stable.
- Icici Bank May Sell Entire Stake In Ncdex (Business Line, Correspondent or Reporter, Mar 16, 2007)
ICICI Bank Ltd may sell its entire 8 per cent stake in the National Commodities and Derivatives Exchange Ltd (NCDEX) to the Atlanta-based Intercontinental Exchange Inc, which owns the New York Board of Trade (NYBoT).
- Icici Bank May Sell Entire Stake In Ncdex (Business Line, Correspondent or Reporter, Mar 16, 2007)
ICICI Bank Ltd may sell its entire 8 per cent stake in the National Commodities and Derivatives Exchange Ltd (NCDEX) to the Atlanta-based Intercontinental Exchange Inc, which owns the New York Board of Trade (NYBoT).
- Market Tumbles Yet Again Tracking Global Weakness (Business Line, Correspondent or Reporter, Mar 15, 2007)
Tanks 453 points; banking, construction, IT stocks under pressure
- Infosys Mulls Launching Finacle As Service Offering (Business Line, Vishwanath Kulkarni, Mar 14, 2007)
Infosys Technologies Ltd is evaluating options to launch its universal banking software - Finacle as a service offering, which should help the company expand its market reach further.
- Missed Opportunity (Indian Express, Sucheta Dalal, Mar 13, 2007)
The Securities and Exchange Board of India (Sebi) missed an opportunity to initiate mandatory grading of IPOs (Initial Public Offerings) in its last board meeting, although the issue has been dragging on for well over a year.
- Markets Bounce Back, Sensex Up 470 Pts (Pioneer, Correspondent or Reporter, Mar 09, 2007)
Bulls staged a spectacular come back at the Dalal Street on the back of robust activity in the stocks of RIL and IPCL as well as PSU stocks on the statement by Prime Minister that more public sector firms would be listed on the markets.
- Informatica Plans Expansion (WhatIsIndia Publications, Aravind Sitaraman, Mar 05, 2007)
The USD 325 million data integration software products company Informatica, is planning to grow its customer support services business from its India centre in Bangalore and handling one-third of its customer services.
- Sensex Slips 273 Points (Pioneer, Correspondent or Reporter, Mar 05, 2007)
Markets turned bearish on Friday. Consequently, bulls had to leave Dalal Street as they were unable to face severe onslaughts from bears. Bears dominated markets throughout after noon and the intensity of selling was so strong that stocks across the . .
- Icici Bank Forms Holding Co. For Insurance (Hindu, Correspondent or Reporter, Mar 04, 2007)
New company may consider public listing of its equity shares
Kalpana Morparia will be MD and CEO of ICICI Holdings
ICICI Bank to retain majority holding in new company
- Sensex Slips 273 Points (Pioneer, Correspondent or Reporter, Mar 03, 2007)
Markets turned bearish on Friday. Consequently, bulls had to leave Dalal Street as they were unable to face severe onslaughts from bears. Bears dominated markets throughout after noon and the intensity of selling was so strong that stocks across . ..
- Bourses Bounce Back By 211 Points (Hindu, Correspondent or Reporter, Mar 02, 2007)
The stock market showed greater resilience in an otherwise highly volatile trade and bounced back by 221 points on the back of a sharp rally in IT, bank and capital goods shares on Thursday.
- The Bs Jury`s Verdict: 7-10 (Business Standard, Correspondent or Reporter, Mar 01, 2007)
The Budget is consistent with the macro objective of keeping India's economy on a high growth trajectory.
- Icici To Bank On Overseas Corp Funding (The Economic Times, Correspondent or Reporter, Feb 28, 2007)
ICICI Bank has said that it will increase the share of revenue from international business to 25% to its overall business in the next 18 months. At present, the international business contributes 17% ($12 billion) to the bank’s revenue.
- Icici To Bank On Overseas Corp Funding (The Economic Times, Correspondent or Reporter, Feb 26, 2007)
ICICI Bank has said that it will increase the share of revenue from international business to 25% to its overall business in the next 18 months. At present, the international business contributes 17% ($12 billion) to the bank’s revenue.
- Trade With Asean May Surpass $30 B By Year-End (Business Line, Correspondent or Reporter, Feb 24, 2007)
Eight-fold rise witnessed in 12 years; doubling of exports in 2 yrs
- Council To Strengthen Indo-Uk Links (The Financial Express, Correspondent or Reporter, Feb 22, 2007)
Giving a clear indication of the United Kingdom’s increasing interest in the Indian market, the city of London rolled out its advisory council in Mumbai on Wednesday.
- Icici To Bank On Overseas Corp Funding (The Economic Times, Correspondent or Reporter, Feb 22, 2007)
ICICI Bank has said that it will increase the share of revenue from international business to 25% to its overall business in the next 18 months.
- Basel Ii And India's Banking Structure (Business Line, C. P. Chandrasekhar, Feb 20, 2007)
Despite the postponement of the target dates for banks to implement the Basel II guidelines, adjustments aimed at realising that goal are under way.
- Indian Banks Take Lead To Finance Mega Deals (Pioneer, Correspondent or Reporter, Feb 19, 2007)
Be it UK giant Vodafone taking over Hutch-Essar or domestic conglomerate Tatas acquiring London-based Corus, capital is no issue for either - over a dozen banks have lined up with a kitty of about $11.5 billion to fund the two mega deals.
- Sensex Shrugs Off Inflation, Vaults 346 Pts (Pioneer, Correspondent or Reporter, Feb 16, 2007)
The Coast Guard's interception and seizure in Indian waters, close to the Tamil Nadu coast, of a boat carrying deadly arms and ammunition, including a 7 kg suicide belt, has spotlighted the deadly terrorist menace the Liberation Tigers of Tamil Eelam pose
- Embarrassed Lalu Praises Tte (Tribune, Correspondent or Reporter, Feb 16, 2007)
Union Railway Minister Lalu Prasad Yadav today showered praise on the travelling ticket examiner (TTE), who had caught his parents-in-law travelling without tickets on a train in Bihar, in a bid to deflect the embarrassment caused to him.
- Rly Signs Mou With Icici For E-Ticket Sale (Deccan Herald, Correspondent or Reporter, Feb 16, 2007)
In yet another step towards improving passenger amenities, the Indian Railways and the ICICI bank on Thursday signed a Memorandum of Understanding for extending the sale of e-tickets through merchant establishments located in 125 cities across . . .
- Icici Bank's New Home Loans May Be Costlier (Business Line, K.R. Srivats, Feb 16, 2007)
ICICI Bank, the country's second largest commercial bank, is likely to raise interest rates on home loans for new customers.
- Bandh Total In Cauvery Basin (Hindu, Correspondent or Reporter, Feb 13, 2007)
Largely peaceful and no targeted violence
Air and train services affected
Mixed response in the State
- Alfa Metal Craft Unveils Novel Cookware Range (Deccan Herald, Correspondent or Reporter, Feb 09, 2007)
Alfa Metal Craft (AMC), on Thursday said, it has introduced a novel range of stainless steel cookware which function on the principle of “induction heating.”
- Home Truths (Indian Express, Editorial, Indian Express, Feb 07, 2007)
Orthodox banking specialists would frown at the finance minister asking public sector banks not to raise home loan rates — P. Chidambaram was reacting to the RBI hiking the rate at which it lends to banks to 7.5 per cent, the highest in four years.
- Paper Gold May Face Long Haul To Success In India (Singapore Times, Correspondent or Reporter, Feb 07, 2007)
India, the world's largest gold consumer, is set to join the small group of countries having exchange traded funds (ETFs), but strong cultural affinity with physical bullion may deter investors.
- Sc Asks Icici Bank To Submit Rbi Guidelines On Loan Recovery Agents (Pioneer, Correspondent or Reporter, Feb 07, 2007)
The Supreme Court on Tuesday directed the ICICI Bank to place before it the guidelines purportedly issued by the RBI and the Indian Banks Association (IBA) for appointment of "recovery agents" to collect loan repayments from defaulting customers.
- Bank Gdrs: Rbi Move To Curb Depositories Interference (Business Line, Correspondent or Reporter, Feb 06, 2007)
To check any possible interference of depositories in the management of banks, issuing American Depository Receipts or Global Depository Receipts, the RBI has advised banks to furnish a copy of each of the depository agreements entered into.
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