At least 10 people were charred to death and another 12 got injured when a gas tanker caught fire and exploded after being hit by a truck on a highway near Beelpur village, 35 kilometres from Jaipur, late Saturday night.
Hyderabad-based Andhra Bank is aiming to get a significant proportion of the state government's business, to boost its share of low-cost deposits
Health insurance expert Anil Rego in an online chat with readers answers health insurance queries.
The bank, which has suffered reverses following a massive spike in dud assets and also the dismissal of its chief executive Chanda Kochhar over governance issues, however, hinted that the worse is behind.
Every employee on an average contributed Rs 650,000 to the bank's profit in the last fiscal.
Financial services firm AnandRathi analysed the key points of the policy soon after it was announced.
While its deposits from Iran accounts have come down from a peak of around Rs 25,000 crore to Rs 2,200 crore, it's been offset by the bank receiving almost Rs 24,000 crore in deposits post note ban.
The bank's net profit on standalone basis was Rs 2,652 crore (Rs 26.52 billion) in the forth quarter of the 2013-14 fiscal, up 15.01 per cent from Rs 2,304 crore (Rs 23.04 billion) in the year-ago period, ICICI Bank said in a statement.
The non-watchlist stress emanated from over five year-old loans in the iron and steel, infrastructure and construction sectors.
The Sensex closed down 308 points at 24,894 and the Nifty has lost 96 points at 7,559.
Slow credit off-take to put pressure on margins
'The cost of funds has come down, which will lower lending rates'.
ICICI Bank on Friday reported 13 per cent rise in consolidated net profit at Rs 2,698 crore (Rs 26.98 billion) for the second quarter ended September 30, 2013.
ICICI Bank, HDFC Bank and Axis Bank reported healthy loan growth and asset quality.
For banks to cut loan rates, the cost of deposits needs to come down, and there is no sign of that happening.
'The overall stress on asset quality is indeed coming down.'
The National Innovation Foundation India (NIF), Ahmedabad shared the ideas that shined at the IGNITE 2015.
In an hour-long chat on rediff.com on Thursday, A K Prabhakar, senior VP and Head - Equity Research (Retail), Anand Rathi Financial Services Ltd, answered some important questions on the market.
In an hour-long chat on rediff.com on Friday, A K Prabhakar, senior VP and Head -- Equity Research (Retail), Anand Rathi Financial Services Ltd, discussed the best stocks to put the investors' money in.
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