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Monday, Nov 23, 2009
 
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ICICI, Infy among best firms for nurturing talent23-NOV-09
As many as five Indian companies, including ICICI Bank and Infosys Technologies, rank among the top 12 companies in the Asia Pacific region for being instrumental in building leadership capability within their organisation.
Markets have a sedate start20-NOV-09
Considering the weak US and Asian cues, our markets have opened on a quiter note. The Sensex is quoting at 16,714, down 71 points, and the Nifty is at 4962, down 26 points.
Idle capital a new problem for many Indian banks13-NOV-09
Low cost of funds and low credit growth have meant unprecedented levels of capital adequacy ratios (CARs) for banks.
ICICI Bank to act as clearing bank for SMX12-NOV-09
The country's second-largest lender, ICICI Bank, today entered into an agreement with the Singapore Mercantile Exchange (SMX) for providing clearing and settlement processing services to traders on the exchange.
ICICI Bank signs pact for SMX Clearing and Settlement Membership11-NOV-09
ICICI Bank Limited, India’s second-largest Bank, has entered into an agreement for clearing and settlement banking membership of Singapore Mercantile Exchange (SMX). This membership will enable ICICI Bank to provide clearing and settlement processing services to facilitate settlement of transactions executed on SMX.
MP: IT-enabled financial inclusion process tardy11-NOV-09
Bankers and the state government are yet to gel with each other to hasten the process of opening of electronically-operated bank accounts of the labourers under the government-sponsored schemes like National Rural Employment Guarantee Scheme. On one hand, the state IT department has urged the government to include those non-government organisations which are working with it for its ambitious information technology project to provide better governance, while on the other, bankers want those NGOs to be registered under Section 25 of the Companies Act.
India Eco Summit: No change in interest rates, says Kochhar10-NOV-09
The country's largest private sector lender, ICICI Bank, today said there would be no revision in interest rates for sometime, even as major players like State Bank of India (SBI) and Punjab National Bank (PNB) have slashed deposit rates.
US markets rally; ICICI Bank zooms 9%10-NOV-09
US markets rallied thus pushing the Dow industrials to a 13-month high on Monday, after the Group of 20 pledged to keep aid flowing to the world economy.
Markets gain on reform buzz, positive news10-NOV-09
Stock markets surged on hopes of a push to domestic economic reforms, positive G-20 talk and firm global markets. The Sensex gained 340 points to end at 16,499 and the Nifty closed at 4,898, up 102 points.
'Innovations are game-changers'10-NOV-09
Innovation should be something that satisfies two basic criteria – fulfil a basic need and should be replicable at economically viable cost, according to KV Kamath, chairman of ICICI Bank Limited.
India Eco Summit: ICICI to reduce stake in Firstsource09-NOV-09
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.
Provisioning issues09-NOV-09
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 lost around 5 per cent in the last fortnight whereas the losses for BSE Bankex were nearly double that figure.
Wkly Tech Analysis: Nifty may move in 4,640-4,900 band08-NOV-09
In a week marked by high volatility, markets corrected sharply only to bounce back with greater strength. Last week, it was mentioned that the markets might stage a July-like recovery amid high volatility. Although, markets have bounced back sharply, chances of a full recovery look remote currently. Going forward, one needs to watch the 15,530-15,640 zone for the Sensex as crucial for the current upmove to remain intact.
Nifty may move in 4,640-4,900 band08-NOV-09
In a week marked by high volatility, markets corrected sharply only to bounce back with greater strength. Last week, it was mentioned that the markets might stage a July-like recovery amid high volatility. Although, markets have bounced back sharply, chances of a full recovery look remote currently. Going forward, one needs to watch the 15,530-15,640 zone for the Sensex as crucial for the current upmove to remain intact.
ICICI Bank : No turnaround yet03-NOV-09
Business is dull, as the bank deals with delinquencies and focuses on low-cost deposits.
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