Three Indian-origin women are amongst the Forbes' list of the world's most powerful businesswomen.
"We would continue to focus more on home, car loans," ICICI Bank managing director & CEO Chanda Kochhar told reporters on the sidelines of a conference on Tuesday.
Governor Raghuram Rajan lowered the benchmark repurchase rate to 7.75 per cent from 8 per cent, the first reduction since May 2013.
'... of protecting the lives and property of a large section of society.' 'It may further deepen the communal divide which already exists in the country.'
The cases under scanner include significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of the Kochhar family in restructuring of that loan.
'I am not surprised that hubris brought Chanda Kochhar down. It would appear that as a person she thought she could do no wrong and as a leader she considered herself above what her company demanded of others in terms of financial probity and honesty. That, my friends, is NOT a good way for a leader to feel,' says S Muraleedharan, former managing director, BNP Paribas.
The country's largest private sector lender, ICICI Bank, on Thursday slashed its benchmark lending rate by 50 basis points to 15.75 per cent, a move that would benefit the bank's home, auto, consumer and corporate loan borrowers.
Sukanya Verma looks at the handful of occasions when Bollywood believed sky was the limit.
Top private lender ICICI Bank plans to open nearly 600 branches this year, but will not hire as part of the current workforce would be redeployed to manage the expanded network of 2,000 branches.
The 46-year-old, who grew up in Jaipur aspiring to be an IAS officer, is known to put in long hours.
The MD and CEO of ICICI speaks on how life will change and the bank's strategy going forward.
Banking stocks led by SBI, ICICI Bank, Bank of Baroda, PNB, Kotak Bank, HDFC Bank, Axis Bank, Federal Bank and Yes Bank fell as much as 2.77 per cent.
The board of ICICI Bank, the country's second-largest lender, will take a final call on appointing a successor to K V Kamath, its present managing director and chief executive officer, next month.
Home, consumer, corporate and personal loans are likely to become cheaper with the Reserve Bank cutting its key short-term repo rate by 1 per cent to 8 per cent, the first since 2004, bankers said. After slashing the cash reserve ratio by 2.5 per cent from 9 to 6.5 per cent with effect from October 11, the Reserve Bank cut the repo rate on Monday, which is the rate at which banks borrow from the apex bank.
Hastey Hastey, aptly titled, is another comedy to tickle your funny bone. Unfortunately, it really doesn't.
Aravindan Balakrishnan, a 75-year-old Indian-origin man who ran a secretive extremist Maoist cult in London, was on Friday sentenced to 23 years in jail by a UK court for a string of sexual assaults.
It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years.
The Karnataka Film Chamber of Commerce has decided to suspend Duniya's Vijay, one of Kannada cinema's top stars, for a year for violating the decision of the KFCC's taken on October 25 to dub for the film Chanda directed by S Narayan.
The shareholders have been asked to vote on the proposals, which were approved by the board at the meeting on December 19, through postal ballot by February 11 and the results would be announced on February 13, the bank said in a notice to its shareholders. As per the proposals, Kamath would replace N Vaghul as the bank's non-executive chairman, after he retires on completion of his current term on April 30.
After 24 years at the helm, Narayan Vaghul, the non-executive chairman of ICICI Bank, will call it a day in March next year. His protege and the current chief executive officer and managing director K V Kamath is likely to step into Vaghul's shoes after his term ends in April.
ICICI Bank has reported a decline in its quarterly net profit for the first time since its merger with ICICI.
The Indian medal hopes in the 32nd chess Olympiad suffered a severe jolt after the men could only manage a 2-2 draw with Slovenia while the women lost 1.5-2.5 to Serbia in the eighth round in Dresden, Germany. The Indian men slipped to joint 14th spot in the standings on 11 points out of a possible 16 and now face an uphill task to keep their medal hopes alive.
Anand Mahindra, vice-chairman and managing director of Mahindra & Mahindra, has been selected for Business India's Businessman of the Year 2007 award. Anand Mahindra was selected for the award by an eminent jury chaired by Baba Kalyani, chairman and managing director, Bharat Forge.
The Rajasthan police have taken into custody a man from Chanda village here for interrogation in connection with the October 11 bomb blast at the shrine of Sufi saint Khwaja Moinuddin Chisti in Ajmer, the police said.
The ICICI board is looking to the retired petroleum secretary to provide 'maturity and sagacity'.
On a standalone basis, the bank posted 17 per cent rise in net profit at Rs 2,655 crore.
American technology giant Apple's chief executive Tim Cook on Wednesday met ICICI Bank's top brass at the country's largest private sector lender's corporate headquarters in Mumbai.
"Besides looking at providing financial assistance to Indian corporates who have set up business in Sri Lanka, we are keen on becoming a major player in the retail sector," the bank's Deputy Managing Director Chanda Kochhar told reporters in Colombo
Kolkata Port Trust, the second largest port authority in the country, would be going in for a complete revamp of its operations in its drive to raise productivity.
"Clearly there is a slowdown in the number of deals. . . interest rates have gone up from eight per cent in the past to now 12 per cent and prices too have gone up but an asset bubble is not there," ICICI Bank Joint Managing Director Chanda Kochhar told PTI. She said that a correction was expected as the present slowdown was in number of deals and not so much in prices.
Finance Minister Arun Jaitley who is in Davos to showcase India as an investment destination at the World Economic Forum (WEF), on Wednesday promised India has a "lot in the pipeline" for global investors even as he plans to take up with Switzerland the issue of black money stashed in banks there.
In an interview, Kochhar talks about how ICICI Bank had sensed the substantial rise in cross-border acquisitions by Indian companies and accordingly established presence overseas.
Squeezing growth prospects in IT services firms and higher compensation in technology centres run by global companies are the two factors driving this trend.
Such is her faith in ICICI Bank, its joint MD continues to invest all her savings in the bank's stock and remains unfazed by the hammering it has taken.
The raids are underway at three locations, including her residence in Sainik Farm. Misa Bharti and her husband Shailash Kumar are involved in an alleged benami land deals case and were called for questioning by tax officials in June.
A badly made film with weak script and average music. Only Vijay's fights make impact in this otherwise shabby film.
the I-T department attached a total of 12 plots of Bharti and her husband Shailesh Kumar, Bihar Deputy Chief Minister Tejaswi Yadav and ex chief minister Rabri Devi, and sisters Ragini and Chanda Yadav.
