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ICICI, HUL among world's best companies for leaders20-NOV-09
Indian private sector lender ICICI Bank and global consumer goods giant Unilever's India-based subsidiary Hindustan Unilever (HUL) have been named in a list of world's 10 best companies for leaders.
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.
ICICI takes up staff retraining to brush up image20-NOV-09
Every Saturday at 2:00 pm, once the branch has closed for the day, staffers at ICICI Bank’s 1,500–odd branches will assemble for an army-style drill. Over the next two hours or so, they will be drilled by their branch manager on customer service covering everything from how to greet a customer to the necessary follow-up needed when a customer leaves.
ICICI to raise funds for overseas business20-NOV-09
India’s largest private sector lender, ICICI Bank, is planning to raise funds for its overseas branches through five-year dollar-denominated senior unsecured notes issued through its Bahrain branch.
ICICI Pru ties up with India Post in Andhra20-NOV-09
Private life insurance player, ICICI Prudential Life Insurance, on Thursday tied up with India Post to reach out to rural markets through the latter’s network of 16,159 post offices across Andhra Pradesh.
ICICI likely to tap global bond mart14-NOV-09
After State Bank of India’s recent $750-million medium-term note (MTN) issue, the country’s largest private sector lender, ICICI Bank, might be looking at an overseas bond issue.
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.
ICICI Bank to act as clearing bank for SMX11-NOV-09
The country's second largest lender, ICICI Bank, today entered into an agreement with Singapore Mercantile Exchange (SMX) for providing clearing and settlement processing services to traders on the exchange.
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.
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