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ICICI Bank shares tank on rumours - 06 Oct 2008
New Delhi, Oct 3 (IANS) Share prices of India's largest private bank, ICICI... meltdown.  'The rumours are baseless because ICICI Bank has enough... SMC Group.  'ICICI Bank's actual exposure to Lehman Bros net

ICICI Bank shares tank on rumours - 01 Jan 2008
New Delhi, Oct 3 (IANS) Share prices of India's largest private bank, ICICI... meltdown.  'The rumours are baseless because ICICI Bank has enough... SMC Group.  'ICICI Bank's actual exposure to Lehman Bros net

Chanda Kochar next ICICI Bank chief executive - 19 Dec 2008
Mumbai, Dec 19 (IANS) ICICI Bank, India's largest private sector bank, Friday said joint managing director Chanda Kochar will succeed K.V. Kamath as the bank's managing director and chief executive. The appointment will come

ICICI Bank posts 50 percent growth in Canada - 01 Jan 2009
Toronto, Jan 1 (IANS) Defying market trends, ICICI Bank posted 50 per cent... of the best foreign banks operating in Canada, ICICI Bank (Canada) is a 100 per cent... to what is happening in world markets now, ICICI Bank (Canada) crossed $6 billion

ICICI Bank urges government to unveil borrowing plans - 04 Apr 2009
Kolkata, April 4 (IANS) India's largest private lender ICICI Bank Saturday urged the government to spell out 'how it plans to manage its borrowings'. ... of ICICI Bank, said at the convocation of the Indian Institute of Management here

Chanda Kochar is ICICI Bank's new chief executive - 19 Dec 2008
Mumbai, Dec 19 (IANS) ICICI Bank joint managing director Chanda Kochar...;Kochar, a veteran with ICICI Bank - India's largest private sector bank - has... on the ICICI board. Till recently, the bank's top leadership had two other women

ICICI bank pulled up for making pesky calls - 22 Oct 2008
proceedings against the ICICI bank for making unsolicited calls to mobile phone... times of the day we get calls from ICICI bank. You think you are above the law...;The commission also imposed Rs.2.5 million penalty on ICICI Bank and American

Special cell to probe ICICI Bank bankruptcy rumours - 14 Oct 2008
to investigate a complaint by ICICI Bank, which claimed that it was a victim of 'economic terrorism', a police official said here. The ICICI Bank has submitted...;In a related development, ICICI Bank's executive director V. Vaidyanathan said

ICICI Bank credit fundamentals sound: Standard & Poor's - 13 Oct 2008
&) Monday said the fundamentals of ICICI Bank continued to be sound even.... The ratings agency said in a statement that ICICI Bank continued to enjoy...;The bank - through its subsidiary ICICI Bank UK Ltd - also has a sizeable $3.5

ICICI Bank has things under control, says executive - 06 Oct 2008
Mumbai, Oct 1 (ANI): ICICI Bank has said that rumours being repeatedly... a strong capital position. India's central bank joined ICICI Bank...-largest bank, saying ICICI was well capitalised and has enough cash to meet

ICICI Bank has things under control, says executive - 01 Jan 2008
Mumbai, Oct 1 (ANI): ICICI Bank has said that rumours being repeatedly... a strong capital position. India's central bank joined ICICI Bank...-largest bank, saying ICICI was well capitalised and has enough cash to meet

Kochhar named ICICI Bank chief executive - 19 Dec 2008
executive of ICICI Bank, India's largest in the private sector, here Friday. She...;'ICICI Bank faces slowing growth. The retail credit business has gone from yearly... and retail banking. She was a key figure in the team that established ICICI Bank

Rate cuts to happen soon, predicts ICICI Bank chief - 18 Nov 2008
New Delhi, Nov 18 (IANS) ICICI Bank, India's largest private sector bank, believes interest rates would come down further. 'The interest rate is a subject... is there in the offing,' ICICI Bank managing director and chief executive officer K.V. Kamath

ICICI bank board appoints K. V. Kamath as Non-Executive Chairman - 19 Dec 2008
of the Board of Directors of ICICI Bank Limited would retire from the board... and Chief Financial Officer, as Managing Director and CEO of ICICI Bank from May...) in 1984 and was elevated to the Board of Directors of ICICI Bank in 2001

ICICI Bank, LIC Housing cut home loan rates - 31 Dec 2008
Mumbai, Dec 31 (IANS) Two more lending institutions - ICICI Bank and LIC... by 75 bps effective Thursday, ICICI cut rates by 50 bps with immediate effect.  The bank's floating reference rate for home loans has now come down

ICICI financial position sound: KV Kamath - 01 Jan 2008
Mumbai, Sep 30 (IANS) India's largest private sector lender ICICI Bank Tuesday... and total assets over $105 billion,' according to ICICI Bank CEO and managing director K.V. Kamath.   ICICI Bank UK Plc, the wholly-owned subsidiary

ICICI financial position sound: KV Kamath - 06 Oct 2008
Mumbai, Sep 30 (IANS) India's largest private sector lender ICICI Bank Tuesday... and total assets over $105 billion,' according to ICICI Bank CEO and managing director K.V. Kamath.   ICICI Bank UK Plc, the wholly-owned subsidiary

ICICI Bank robbers shot dead in gunbattle, claim police - 22 Dec 2008
Ghaziabad, Dec 22 (IANS) The Ghaziabad police Monday claimed to have shot dead two criminals allegedly involved in the Rs.3.5 million heist at an ICICI Bank branch here last week, officials said. The two criminals, identified

ICICI asked to compensate consumer for deficiency of service - 06 Apr 2009
New Delhi, April 6 (IANS) A consumer who was penalised by the ICICI bank... which found the bank guilty of deficiency of service in the case. Kiran Sikri had applied for a car loan from the ICICI bank but due to the ongoing

HDFC, the most valued pvt bank in India - 25 Mar 2009
Surpassing ICICI, the HDFC bank on Tuesday became the most valued private... carrying its market capitalisation up to Rs 39,517 crore. Till now, ICICI Bank..., but the global economic crisis had hit the stock price of ICICI bank sternly since last

Management change in ICICI in May under Kochar - 19 Dec 2008
Mumbai, Dec 19 (IANS) ICICI Bank, India's largest private sector bank, will see structural changes in its management next May, chief executive-designate Chanda... on the credit quality of the bank's loan portfolio, which was growing between 5 to 10

ICICI chief urges RBI to cut interest rates - 16 Nov 2008
New Delhi, Nov 16 (IANS) The head of India's largest private lender ICICI Bank Sunday called upon the Reserve Bank of India (RBI) to further slash key interest..., bank chairman K.V. Kamath said: 'Interest rates are still high.'  

ICICI net up 1.1 percent, shares tumble - 27 Oct 2008
Mumbai, Oct 27 (IANS) ICICI, the country's largest private bank, posted a net... of ICICI fell 15 percent in July-September and Monday were trading at Rs.300.50, down 3.06 percent from their last closing price of Rs.310.  ICICI's

ICICI plunges almost 27 percent during intra-day trading - 10 Oct 2008
Mumbai, Oct 10 (IANS) India's largest private sector lender ICICI Bank shares...;However, ICICI joint managing director Chanda Kochar said Friday afternoon her bank... initiatives,' she said.  Last week, ICICI Bank CEO and managing

India to grow 7-8 percent this fiscal: ICICI chief - 04 Apr 2009
Kolkata, April 4 (IANS) Despite the economic slowdown, the Indian economy is likely to grow 7-8 percent in 2009-10, ICICI Bank chief executive K.V. Kamath said...;  He also ruled out any immediate slashing of interest rates by the bank

ICICI pays compensation to suicide victims' family - 28 Sep 2007
relief to pay ex-gratia of total Rs. 15.50 lakh to his family. ICICI Bank has... the roughness of recovery team and asked to ICICI bank about not to follow... compensation. It has also asked in written to ICICI bank for what action taken

ICICI welcomes steps to ease credit squeeze - 11 Oct 2008
Mumbai/New Delhi, Oct 11 (ANI): Private sector bank ICICI has welcomed the Reserve Bank of India's (RBI) measures to ease the credit squeeze.The RBI cut... funds to the banking sector. ICICI Joint Managing Director Chandra Kochchar

ICICI, HDFC bank hike home loan rates by 0.75 percent - 01 Jan 2008
cent rate revision by leading PSU banker Punjab National Bank, Axis Bank and J-K Bank that made all home, corporate, personal and auto loans expensive.  India's largest private sector lender ICICI Bank has also hiked floating home loan

As meltdown rocks financial circles, Indian bank scrips nosedive - 10 Oct 2008
Mumbai, Oct 10 (IANS) Banking sector stocks, led by the heavyweight ICICI Bank... by the central Reserve Bank of India by 150 basis points in two tranches will lift... to infuse some Rs.600 billion into the system.  During the day, the ICICI

ICICI scraps two-wheeler loans at dealer's end - 07 Aug 2008
largest bank ICICI after the declaration of Citibank, has announced to withdraw.... The break up decision of ICICI bank will definitely hit the receding two-wheeler... of high operating cost. ICICI Bank has already shifted its 200 employees to other

Sketches of Ghaziabad bank robbery suspects released - 19 Dec 2008
an ICICI Bank branch here, the police Thursday released sketches of three suspects...; 'We are also in touch with the bank officials and are gathering vital clues.'  Kumar said the robbers took away Rs. 3.16 million from the bank

Rs.200,000 looted from bank in Jharkhand - 16 Oct 2008
rebels from the delivery van of ICICI Bank.   More than 50 bank...Ranchi, Oct 16 (IANS) Rs.200,000 was looted from a branch of Bank of India... barged into the bank situated in Galudih block of Seraikela-Kharsawan district

Renuka Ramnath selected in top 25 non-bank women by us banker - 01 Jan 2008
and CEO of ICICI Venture Funds Management Company Ltd has been enlisted among the Top 25 non-bank women in finance by US Banker magazine. U.S. Banker's ranking... the mother of private equity in India, US Banker said "Some of the ICICI Venture's

Renuka Ramnath selected in top 25 non-bank women by us banker - 06 Oct 2008
and CEO of ICICI Venture Funds Management Company Ltd has been enlisted among the Top 25 non-bank women in finance by US Banker magazine. U.S. Banker's ranking... the mother of private equity in India, US Banker said "Some of the ICICI Venture's

Rs.900,000 looted from Jharkhand bank - 12 Dec 2008
of the ICICI Bank on the Ranchi-Jamshedpur national highway. Over 50 bank dacoities have...Ranchi, Dec 12 (IANS) Six men Friday robbed Rs.900,000 at gun point from a bank..., who came on two motorcycles, struck at Gramin Bank in Chhatra district's Sheela

Over Rs.3.5 mn robbed from Ghaziabad bank - 18 Dec 2008
that the amount could be more.  According to Sandeep Gupta, ICICI Bank regional... from a bank here Wednesday evening. They took away the gun of a bank guard, the police said. The armed robbers barged into the Sahibabad branch of ICICI

Rs.3 mn looted from Ghaziabad bank - 17 Dec 2008
a bank here Wednesday evening, the police said. The incident took place at about 6.45 p.m. at the Kaushambi branch of the private-sector ICICI bank. Four armed men entered the bank and robbed about Rs.3 million.  

RBI waives inter-bank ATM transaction fee - 06 Dec 2007
banks include ICICI Bank, HDFC Bank, Axis Bank, Canara Bank, Corporation Bank...RBI waives inter-bank ATM transaction fee Dec 06: Giving a huge relief... Technology (IDRBT), a subsidiary of the Reserve Bank of India has decided

Repo rate hike pushes up bank deposit and debt rate - 17 Jun 2008
in July and after July, major banks like SBI, ICICI, HDFC, Bank of Baroda, Bank... has begun to show its impact, as United Bank of India after Yes Bank has... Bank of India (UBI) on Monday announced to hike the domestic term deposit rates

Reserve Bank had no choice but to sit tight: Moody's - 24 Oct 2008
;  Added Chanda Kochhar, ICICI Bank: 'In the credit policy statement, RBI has...New Delhi, Oct 24(IANS) The Reserve Bank of India (RBI) had no choice... agency Moody's. In the latest mid term policy review, the central bank

South Indian Bank recovers whooping moolah, beyond set target of Rs.130 crores - 22 Feb 2008
with ICICI Prudential life insurance the Bank is also aiming to sell its insurance...South Indian Bank (SIB) as one of the leading commercial banks of the country.... This was pronounced by the Chairman & CEO of the Bank Dr. V.A. Joseph while

State Bank, most state-owned banks cut lending rates - 06 Nov 2008
lender, ICICI Bank, hinted Thursday that her bank too would cut rates. The bank..., the State Bank of India (SBI), have cut their benchmark prime lending rate (PLR) by 75 basis points (bps). 'The State Bank of India has reduced the benchmark

ICICI Prudential to consolidate business in Kerala - 18 Mar 2009
Thiruvananthapuram, March 18 (IANS) Private life insurer ICICI Prudential Life is focussing on consolidating business in Kerala rather than going for major... this fiscal, the company's business has crossed Rs.4.05 billion (Rs.405 crore), ICICI

ICICI Securities launches offline trading platform in Kochi - 25 Mar 2009
Kochi, March 25 (IANS) ICICI Securities Wednesday launched active trader service (ATS), an offline trading platform, in Kochi. The ATS offers specialised... and infrastructure to active traders.  ICICI Securities senior vice-president

India's central bank says financial system well regulated - 11 Oct 2008
.  Banking stocks were particularly hit, with ICICI Bank, the country's..., Reserve Bank of India (RBI) Governor D. Subbarao has said overseas exposures... and anxiety in global financial markets,' added the central bank governor, who

India's central bank cuts key rates, warns of 'painful adjustment' - 06 Dec 2008
Mumbai, Dec 6 (IANS) Reserve Bank of India (RBI) Governor Duvvuri Subbarao...;The reverse repo rate, on the other hand, is the rate at which the central bank borrows..., makes it less lucrative for banks to park funds with the central bank.  

India Post tie-up with ICICI Prudential - 04 Mar 2009
, India Post has tied-up with ICICI Prudential for the collection of insurance...;The premium amount realized will be sent to ICICI Prudential through the ePayment system of India Post.  The tie-up with ICICI Prudential is a step

Indian shares provisionally end down 5.4 percent - 01 Jan 2008
by financials such as ICICI bank on fears of worsening global credit turmoil. The banking sector index was down 5.1 per cent. ICICI, India's No. 2 lender, fell

Economy to grow at six percent at least: Kamath - 16 Nov 2008
fundamentals, will grow at least at six percent this fiscal, ICICI Bank chairman K.V....;The head of India's top private bank said industry would regroup in the next few

Consumer forum makes ICICI Lombard pay its dues - 02 Jan 2009
Chandigarh, Jan 2 (IANS) ICICI Lombard general insurance company here has been... Kaushal.  In the argument, counsel for ICICI Lombard said that Kaushal..., directed ICICI Lombard to pay him Rs.263,750 along with Rs.5,000 as cost

India's sensitive index sheds points on global financial crisis - 01 Jan 2008
, with top private sector lender ICICI Bank leading the losses. During... fund to save the financial system from ruin, even as bank failures in Europe... in the bank industry familiar with the matter told Reuters. Japan's Nikkei

India's sensitive index sheds points on global financial crisis - 06 Oct 2008
, with top private sector lender ICICI Bank leading the losses. During... fund to save the financial system from ruin, even as bank failures in Europe... in the bank industry familiar with the matter told Reuters. Japan's Nikkei

Asia, India financially stable: Asian Development Bank chief - 16 Nov 2008
to be instilled in the market,' Nag said.   ICICI bank managing director... capitalisation is good,' Asian Development Bank managing director general Rajat M. Nag

HDFC Bank declared 'Best Local Bank' in India - 18 Feb 2009
HDFC Bank, one of India's premier banks, has been declared the 'Best Local Bank... recognized HDFC Bank as the Best Bank in the category of 'Relationship Management' and has been voted 2nd Best Bank in the category of 'Private Banking Services

State Bank of Saurashtra and State Bank of India to merge - 01 Jan 2008
to the merger of the State Bank of Saurashtra with the State Bank of India to enable... Bank of Saurashtra by the State Bank of India, in terms of section 35(2) of the State Bank of India Act, 1955 ii) to introduce Bill (a) repealing

More state-owned banks reduce lending rates - 29 Dec 2008
; According to industry sources, ICICI Bank, India's largest private sector...New Delhi, Dec 29 (IANS) Dena Bank, Punjab National Bank (PNB) and Bank... state-owned banks announced Monday. Dena Bank will cut its BPLR by 75 basis

Bank of America to double stake in China Construction Bank - 18 Nov 2008
New York, Nov 18 (DPA) Bank of America Corp. said Monday it would almost double its stake in China Construction Bank Corp, ending speculation that it would...;The US bank is increasing its stake to 19.1 percent, or 44.7 billion shares, from

Accountant dupes bank of Rs.870,000 - 14 Jan 2009
Chandigarh, Jan 14 (IANS) An accountant of Union Bank of India has allegedly... of the bank in 2004, a police officer said Wednesday. A case of cheating... posted in Kanpur, Uttar Pradesh.   'We have got a complaint from Union Bank

SBI cuts PLR by 0.75%; loan rates may dip - 07 Nov 2008
After the easing of monetary policy by the Reserve Bank of India (RBI) to make... liquidity, several banks including country’s largest lending bank, State Bank... to 13.00% from the current 13.75%, while the bank deposits rates vary upon

Catholic Syrian Bank won't merge with any bank: Chairman - 20 Oct 2008
Chennai, Oct 20 (IANS) The Kerala-based Catholic Syrian Bank Ltd will not merge with any other bank, said a top company official here Monday. ... Bank chairman and CEO R. Venkataraman told reporters, refuting news reports

An exclusive bank for farmers in Uttarakhand - 28 Mar 2009
financial institution named Kisan Bank, mooted by the Central Government. Instituted a year ago, this bank has facilitated farmers to achieve their desired aims and progress. Kisan Bank can be termed as a single window

Sri Lankan private bank to be taken over - 29 Dec 2008
Colombo, Dec 29 (IANS) Sri Lanka's central bank Monday instructed the country's largest state-owned commercial bank to take over the administration of the third largest private bank, the Seylan Bank, saying that the difficulties it faced

Rs.700,000 looted from Jharkhand bank - 25 Nov 2008
a branch of State Bank of India (SBI) in Jharkhand, police said. Police said four to five persons arrived on two bikes at the public sector bank around 11.30 a.m. They entered the bank and looted cash from the bank chest and mobile phones

All-women bank in rural Assam - 30 Dec 2008
Jorhat (Assam),Dec.30 (ANI): The Konoklota Mahila urban co-operative bank Ltd..., the all-women set up here bank here is going all out to make rural women become self-reliant.  The bank recently launched customer service centre

Fire in Indian Bank's headquarter in Chennai - 12 Nov 2008
of the national headquarters of the Indian Bank here, officials said. Eight fire tenders battled the flames that spread to the sixth floor office of the bank's... comprise a branch of the bank's commercial wing and the remaining three house its

SBT, J&K Bank post wins - 18 Feb 2008
State Bank of Travancore (Thiruvananthapuram) defeated local favourites Garhwal Heroes 2-0 in the Lt. Governor’s Cup football tournament played... Bank beat Border Security Force, Jalandhar by a solitary goal. Cavalry White

SBI hikes PLR by 1%, deposit rates by 0.25-0.75% - 12 Aug 2008
India’s largest bank, the State Bank of India (SBI) on Monday has... to deposit terms. Releasing a statement, the PSUs bank icon has raised the PLR, which... on auto loans; SBI has raised the interest rate by only 0.50%. However, bank has

IBM inks outsourcing deal with Rajasthan cooperative bank - 15 Dec 2008
agreement with Madhav Nagrik Sahakari Bank, a leading cooperative bank... and manage the IT infrastructure of the bank and reduce its capital expenditure. The end-to-end IT-enabling environment will also help the bank focus on its

Thief caught encashing cheque at bank by victim's daughter - 12 Mar 2009
from his victim's bank account was caught in the act by the victim's daughter, who happened to work at the bank branch. Taipei police said Chang Shih-chun, 55... containing some cash, a bank book and an ink seal used by the victim to stamp her

Goldman Sachs considering online bank: Report - 03 Dec 2008
New York, Dec 3 (DPA) New York-based bank Goldman Sachs is considering launching an online bank, The Wall Street Journal reported Wednesday. The name of the bank and the details of the plans are still unknown, sources told the daily

German federal bank sacks two executives - 01 Jan 2008
Berlin, Sep 29 (DPA) KfW, a bank run by Germany's federal government, has... the bank hundreds of millions of euros. The supervisory board of the bank had met... to unwind a swap with Lehman Brothers on the day the US investment bank failed. 

German federal bank sacks two executives - 06 Oct 2008
Berlin, Sep 29 (DPA) KfW, a bank run by Germany's federal government, has... the bank hundreds of millions of euros. The supervisory board of the bank had met... to unwind a swap with Lehman Brothers on the day the US investment bank failed. 

State Bank to raise Rs.180 bn by March 2010 - 16 Dec 2008
New Delhi, Dec 16 (IANS) India's largest state-owned bank, the State Bank... requirement, it announced Tuesday. 'The bank is planning to raise unsecured....  Reserve Bank of India (RBI), is the country's central bank.  

Bank employee returns jewellery to customer - 30 Nov 2008
Kolkata, Nov 30 (IANS) Jewellery worth Rs.2 million was returned by a State Bank of India (SBI) employee to a customer who left it outside the locker... their lockers that day. All were called to the bank Saturday and asked to check

Gunmen loot Rs.175,000 in cash from Ranchi bank - 03 Dec 2008
Rs.175,000 in cash from a bank in Ranchi, the police said. The criminals arrived in a Maruti van at the Canara Bank branch in the Doranda area of Ranchi around 10 a.m. and entered the bank pretending to be customers. They went

Second Icelandic bank taken over - 08 Oct 2008
control of a second bank. The take over of Glitnir came after the Icelandic..., the government of Iceland bought a majority stake in Glitnir bank, paying 600 million... took over the Landsbanki bank.   Meanwhile, the Swedish central bank

Stem cell bank sets up at Bangalore hospital - 29 Mar 2009
come-up with a public stem cell bank named the Rotary Narayana Tissue Bank and Stem... bank is supposed to have three hundred thousand samples which can be used... as abroad. "Now, the issue of a private bank is, you can utilise

Bank in Meerut robbed of Rs.2 mn - 06 Nov 2008
afternoon robbed nearly Rs.two million from a branch of Oriental Bank of Commerce... barged into the bank's Sarurpur branch. One of the robbers held three bank... chest, he said.   The total amount robbed from the bank was later counted

Kolkata bank collection agent robbed of Rs.2 mn - 21 Oct 2008
Kolkata, Oct 21 (IANS) A bank's collection agent was attacked and robbed of Rs.2 million just outside the bank premises here. But, the dog squad sniffed out.... The incident took place at the entrance of Canara Bank's Sealdah branch

World Bank blacklists Satyam for eight years - 23 Dec 2008
by the World Bank for alleged data theft and bribing bank officials. Fox News, a US-based broadcaster, said the World Bank has admitted to it that it had banned Satyam from all business at the bank for a period of eight years

State Bank group deploys anti-money laundering software - 17 Mar 2009
Bangalore, March 17 (IANS) The State Bank of India (SBI) group deployed 3i Infotech software to prevent money laundering in compliance with the central bank's regulatory order, the bank said Tuesday. 'We have contracted

Wipro discloses vendor status with World Bank - 12 Jan 2009
and the World Bank are disclosing that in June 2007 the World Bank determined Wipro to be ineligible to contest direct contracts from the World Bank for the period..., Wipro representatives offered the World Bank, through its Chief Information Officer

ANZ Bank reviews Satyam links - 12 Jan 2009
Services' billion dollar corporate scandal, the management of ANZ Bank has announced that it will reviewing its links with the firm. ANZ Bank has around 100 Satyam contractors who support IT projects. The bank's Indian subsidiary which

More banks follow State Bank, cut lending rates - 22 Dec 2008
New Delhi, Dec 22 (IANS) Three state-owned banks - Bank of India, Bank of Baroda and Canara Bank - took the cue from leader State Bank of India (SBI) to cut... from Jan 1. Prime lending rate is the rate at which bank gives money to its

Bank of Baroda increasing focus on non-Indians abroad - 22 Oct 2008
Dubai, Oct 22 (IANS) Bank of Baroda (BoB), the Indian public sector bank... as it plans to open 10 overseas branches in 2008-09. The bank, which has 72...; The bank had opened a branch in Port of Spain in October last year

HDFC Bank opens first international branch in Bahrain - 23 Oct 2008
Dubai, Oct 23 (IANS) India's leading private bank, HDFC Bank, has opened its... in Bahrain. Central Bank of Bahrain (CBB) Governor Rasheed Al Maraj inaugurated... net worth advisory,' HDFC Bank managing director Aditya Puri stated.   

Ashok Chawla appointed to World Bank board - 23 Oct 2008
New Delhi, Oct 23 (IANS) Department of economic affairs secretary Ashok Chawla has been appointed India's alternate governor on the World Bank board. ... as governor of India's central bank, the Reserve Bank of India. 

Bank robbed of Rs.2.4 million in Delhi - 17 Nov 2008
robbed a bank on gunpoint and fled with cash amounting to Rs 2.4 million in Samaypur.... The incident took place at the State Bank of Bikaner and Jaipur branch... with the cash to the tune of Rs 2.4 million after locking 15 of the bank employees

RBI asks banks to cut rates - 28 Feb 2009
and chief executive officer of ICICI bank, denied that the topic pertaining...The Reserve Bank of India in a closed-door meeting on Friday nudged the banks... made by the Central Bank, the private sector banks have so far not reduced

Robbers loot Uco Bank of Rs.250,000 - 09 Dec 2008
in cash from a Delhi bank that had no security system or a guard for protection... the heist around 3.30 p.m. in the UCO Bank branch in the busy market place... posted at the bank,' said a police officer.   The robbers, the police

An all women savings bank in rural area of Dehradun - 12 Mar 2009
up a bank which today has a capital worth over one million rupees!  The bank has generated a major hope among household women for transforming... joined hands two years ago to open the Mahila Bachhat Bank or, women saving

Sensex down by over 700 points - 01 Jan 2008
sharply by 5.25 per cent to 6 per cent. Key stocks such as ICICI Bank... by 772.62 points this morning following the U.S. investment bank Lehman Brothers... below 4,000-mark by falling 242.40 points after banking stocks led by ICICI

Bank of America to slash more than 30,000 jobs - 12 Dec 2008
Washington, Dec 12 (DPA) Bank of America Corp, the third-largest US bank, has... the Charlotte, North Carolina-based bank, which will be the country's largest... recessionary environment,' a statement from the bank said Thursday.   The cuts

Reserve Bank and Government to infuse more liquidity - 15 Oct 2008
New Delhi, Oct 15 (ANI): The Reserve Bank and the government today agreed... the government and the central bank," said Finance Minister P. Chidambaram. I...;During the meeting, the Finance Minister said that it was felt that inter-bank

Bank of England cuts interest rates - 06 Nov 2008
London, Nov 6 (DPA) The Bank of England Thursday slashed interest rates... by the bank's Monetary Policy Committee (MCP) followed calls from business leaders... as a key threat.   The central bank said in a statement that Britain

Mukherjee to meet bank CEOs today - 03 Feb 2009
New Delhi, Feb. 2 (ANI): External Affairs Minister Pranab Mukherjee will meet the public sector bank CEOs here today to evaluate third quarter performance... in the wake of the third quarterly review of monetary policy by the Reserve Bank

Union Bank to finance small entrepreneurs - 16 Dec 2008
New Delhi, Dec 16 (IANS) Union Bank of India (UBI) Tuesday signed an agreement with the National Small Industries Corp (NSIC) for financing micro and small entrepreneurs. Under this arrangement, while NSIC would provide technical

State Bank of India cuts interest rates by 75 basis points - 06 Nov 2008
is all set to fall as the State Bank of India (SBI), the country's largest bank... Tuesday on lowering interest rates after the Reserve Bank of India cut key rates to lower the cost of borrowings for commercial banks.  The Union Bank

World Bank to lend additional $3 bn to India - 18 Dec 2008
New Delhi, Dec 18 (IANS) The World Bank has agreed to help India with $3... financing for the country's much-needed infrastructure agenda, the bank announced... Bank of India (SIDBI) to provide credit to small and medium enterprises

Punjab National Bank, Bank of Baroda reduce lending rates - 29 Dec 2008
New Delhi, Dec 29 (IANS) Punjab National Bank (PNB) Monday reduced its... percent from Jan 1. Bank of Baroda too reduced its BPLR by 75 basis points from... points.  Further, the bank has introduced a new housing loan scheme