ICICI Bank News

Cheer return of finance schemes. The party has not ended for consumer durables manufacturers, who recorded a 20-30 per cent growth during the festival period this year.

ICICI Bank opened a new branch at Gajuwaka here on Friday. Located in the ground floor of Sesha Arcade, Old Gajuwaka Junction, it was inaugurated by the Commissioner of GVMC B. Sridhar.

A man leaves an automated teller machine facility of ICICI bank in Kochi August 6, 2009.

MUMBAI: The BSE Sensex shed 0.9 percent on Thursday as investors locked in profits in stocks such as State Bank of India and ICICI Bank that had rallied this month.

She said she could not project a specific number of NPAs for the next quarter because that would be a oea forward looking statement, and I dona t want to do that.a ICICI's gross bad debts had risen to 4.7 percent of advances during the September quarter from 4.2 percent in the June quarter.

This comes more than a year after their first failed attempt to offload their investments.

ICICI Bank today said it would reduce its stake in BPO company Firstsource in a phased manner, even as there are reports of appointment of a merchant banker for exiting from the outsourcing company.

While there has been an improvement in the core business for ICICI Bank and SBI, concerns over higher provisioning coverage haven't faded The broader indices were in the correction mode in the recent past, but the new RBI provisioning stipulations ensured that banking stocks suffered more.

The BSE Sensex climbed 0.6 per cent on Friday, posting its first weekly rise in the past three weeks, with banks leading the rebound as investors picked bargains after last month's fall.

The World Economic Forum will hold its three-day India Economic Summit here from Sunday, with Prime Minister Manmohan Singh as the key speaker, to mark 25 years of active engagement between the Davos-based organisation and India.

Having completed six months as the head of Indiaa s second largest bank, Chanda Kochhar, MD and CEO, ICICI Bank, spoke to Hindustan Times about her tenure and the challenges ahead for the banking sector.

Seven Summits Research issues PriceWatch Alerts for IBM, HES, KSS, IBN, and EGO.

High-growth economies such as India and China, which have been able to manage the effects of the recession, will play major roles during the recovery period.

"In these specific sectors, we are expecting double digit growth, though overall credit expansion was likely to be in single digit," she said, adding, the increase in loan portfolio should be seen in the backdrop of bank's decision to reduce unsecured loans.

As per latest shareholding information of ICICI Bank for quarter ended September, stakeholding of Temasek Holdings, through its affiliate Allamanda Investments Pte Ltd, has lowered to 5.76% from 7.61% in the quarter ended June.

Market breadth negative, ICICI and HDFC Bank fall 3 per cent. Dalal Street closed marginally lower at the end of a volatile day of trade.

The Singapore government and its investment arm, Temasek Holdings, have been gradually reducing stake in ICICI Bank, their one of their biggest investments in India, by selling shares in the secondary market.

Ilhavo, Portugal a ' 22/10/2009 a ' SADIF Investment Analytics, announces a new summary due diligence report covering ICICI Bank Limited .

Bloomberg Posted: Thursday, Oct 22, 2009 at 2311 hrs IST Updated: Thursday, Oct 22, 2009 at 2311 hrs IST : State Bank of India Ltd raised $750 million from the country's first so-called benchmark dollar bond sale in almost three years after receiving investor bids for more than $5 billion of notes.

The finance ministry has asked public sector lender IDBI Bank to explore other options before finalising plans to sell its mortgage finance arm, IDBI Home Finance .