ICICI Bank's Managing Director and Chief Executive K V Kamath is of the opinion that inspite of the marginal dip in growth India's long-term economic growth potential remains sustainable. However, he said the growth may slip from the previous 10 per cent level to around 8 per cent this fiscal. The services sector, contributing 60% to GDP, will help sustain the growth path. He said present inflation is a supply-side phenomenon and is not due to any over-heating in the economy.
Manika Batra led from the front as India prevailed over higher-ranked Romania 3-2 in a thrilling tie
Things have changed dramatically for India Inc post liberalisation in 1991. Business Standard catches up with three industry veterans on what reforms meant in the early days and what lies ahead . . .
Shares of brokerages and market infrastructure institutions (MIIs) witnessed heavy selling pressure following the Securities and Exchange Board of India's (Sebi's) pivot to a uniform fee structure, which analysts fear could dent revenues. Discount brokerages, which currently benefit from a spread between client charges and exchange fees, are expected to be most affected. Shares of Angel One, the third-largest brokerage by active clients, fell 8.7 per cent. Groww and Zerodha, the largest brokerages, are not publicly listed.
The CEO of ICICI Bank is the third Indian in four years to win the accolade.
Karnataka to face Services in men's doubles tennis final
'Many were caught in a burnout race, chasing unsustainable growth without innovating.'
His sole ambition is to provide employment to 10,000 people.
ICICI Bank Chairman K V Kamath on Thursday disagreed with the suggestion of SBI chief Pratip Chaudhuri that RBI should scrap CRR, saying it is part of the monetary policy and no issue can be made of it.
Ajay Lakhotia, an ISB student, shares his experience of spending the day with former managing director and CEO of ICICI Bank KV Kamath and the management lessons that this young MBA grad has learnt from the banking veteran.
Many enter this arena without a detailed understanding of how their algo works.' 'Diligently review information on the strategy, risk profile, potential losses, and expected gains before investing.'
Kamath said India's economic climate had started improving.
Corporate India is not bothered about the subprime crisis. I have not seen any large business house walk away from a deal on account of lack of funding.
The new chairman assumes his role at perhaps one of the most challenging times for both the company and the industry.
Two prominent organisations, the Hindu Yuva Sene and the Keshav Smriti Samvardhana Samithi, have a pivotal role in shaping Mangaluru's Ganesh Utsav celebrations.
Forecasting that inflation is inching towards zero, ICICI Bank managing director and chief executive officer K V Kamath on Tuesday suggested to the Reserve Bank of India to further cut key policy rates by 100 basis points as part of a calibrated move to usher in a low interest rate regime.
KL Rahul has opened up about the impact that the Koffee with Karan controversy had on him
Nishikant Kamath speaks about his movie Force and how satisfied he is with the audience response.
The banking regulator is scheduled to come out with its monetary policy for FY 09 on April 29. "We will wait for the (RBI's) policy statement before taking any decision on our interest rates," ICICI Bank Managing Director & CEO K V Kamath told reporters on the sidelines of an Indian Merchants Chamber-organised press conference in Mumbai on Thursday. Interest rate decisions would also be influenced by prevailing market conditions, Kamath said.
Indian economy is likely to end this fiscal with over 6 per cent growth backed by industrial recovery and impressive performance of the service sector, according to ICICI Bank chief executive K V Kamath.
Younger people, who usually have a longer investment horizon which allows them to handle the interim volatility, may go for them.
You don't prep for 2028 but for 2040, or even 2044. Sustained sporting excellence is based on mass support, grassroots development, and funding - and it is this trifecta India needs to work on, systematically, asserts Prem Panicker.
"About 70-75 per cent of the Indian economy seems to be doing better," Kamath, who is also the CEO and managing director of ICICI Bank, told private television channel CNBC TV18 during an interview. Contraction in agriculture and manufacturing have pulled down India's economic growth to 5.3 per cent in the third quarter, its lowest quarterly expansion in over five years, against 8.9 per cent in the same period a year ago.
The Freelancer has been made with workman-like efficiency, but the subject of Islamic terrorism could do with a break, points out Deepa Gahlot.
Ace Indian paddler and Commonwealth Games gold medallist Manika Batra will take on Great Britain's Anna Hursey in the women's singles opening round
The government should avoid euphoria about India's growth and success and should lace its policies with pragmatism, given the fact that the global situation is still unclear, ICICI Bank chairman K V Kamath said on Wednesday. "We should be prudent in the way we look at growth," Kamath told PTI in an interview on the phone from Tokyo, adding that the external sector is still a pressure point and exports have shown negative growth for seven months in a row.
'If you are watching cricket and don't want to leave the screen, you could check the menu and order through Zomato (or any other app) from a small part of your screen. That is what we are working towards.'
Bootstrapping has put Nithin Kamath of Zerodha in a position where he can trifle with talk about valuation, points out Suveen Sinha.
Stating that India is not witnessing a slowdown in investment, Confederation of Indian Industry president K V Kamath said on Thursday that the country would continue to grow at a healthy rate of 8.6 per cent for the next five years.
K V Kamath is preparing to move across the corridor on the 10th floor of the ICICI Tower to his new cabin, which is under renovation now.
Indian banks might meet the Reserve Bank of India's projection of an 18 per cent growth in credit, K V Kamath, chairman of the country's second largest lender ICICI Bank said in Mumbai on Tuesday.
President Droupadi Murmu on Saturday approved 139 Padma awards including seven Padma Vibhushans, 19 Padma Bhushans and 113 Padma Shris.
Ahead of the upcoming budget, eminent economists during a meeting with Prime Minister Narendra Modi on Thursday urged the government to take steps to accelerate economic growth and improve infrastructure, sources said. The meeting was organised by the NITI Aayog on Thursday to elicit views and suggestions of economists for the first budget of the Modi 3.0 government. "Earlier today, interacted with eminent economists and heard their insightful views on issues pertaining to furthering growth," Modi said in a post on X.
Video surveillance shows Ali walking to his home at night with a packet in his hand when the three men chase him.
'Our politicians solely depend on bureaucrats who are unaccountable and follow their own agenda.' 'Our politicians would dare not dream of establishing a DOGE,' argues Lieutenant General Prakash Katoch (retd).
Banking is all about leveraging, the ICICI boss said.
Boycotting the Champions Trophy will not tackle the issue we have with Pakistan, points out Aakar Patel.
