ICICI Bank Ltd has set up a wholly owned banking subsidiary in Canada that would offer a range of products targeted at retail and commercial clients.
HDFC Bank Q4 net rises 21% to Rs 2,806.91 crore.
HDFC Bank Ltd on Friday posted a 30.38 per cent rise in net profit at Rs 239.30 crore (Rs 2.39 billion) for the quarter ended June 30, as compared to Rs 183.53 crore (Rs 1.83 billion) for the corresponding quarter in the year 2005-06.
The estimated cost breakdown is one of the most important forms in the construction loan package.
In New York, the dollar was up last Friday against its major rivals following weak German economic data.
The order grants permission to the UK High Court Enforcement Officer to enter the 62-year-old tycoon's properties in Hertfordshire, near London.
ICICI Bank Ltd's equity issue of Rs 3,050 crore with a green shoe option of Rs 450 crore has received bids in excess of Rs 3,150 crore less than two hours after it opened for bidding on Friday.
After upgrading India's foreign currency debt rating, Moody's Investor Service on Wednesday upgraded the foreign currency deposit, debt and issuer ratings for 11 Indian banks and financial institutions.
The Industrial Development Bank of India will acquire 10 per cent equity stake in the Nepal Development Bank Ltd, a private sector bank based in Kathmandu.
Under its plans to increase the retail base in India, HDFC Bank Ltd is to open another 100 branches in this fiscal, taking the total network to around 300 by March, and set up 1,500 point of sales (POS) every month in the country.
Yes Bank Ltd, a new private sector bank, will make its commercial launch in second quarter of 2004 with one branch each in Mumbai and Delhi.
Videsh Sanchar Nigam Ltd has inked a pact with ICICI Bank Ltd, whereby the private sector bank will distribute the former's Tata Indicom dial-up Internet services through its ATMs in the country.
The origin of the challenge is the so-called "fresh start" process. Many in the MFI industry apprehend that such a law in India will encourage small unsecured borrowers to default and destroy the credit culture. So, while'Fresh start' is a welcome step as it will free up the debtors from the archaic laws of the colonial era, debtors need handholding and counselling to prevent any misuse, says Tamal Bandyopadhyay.
IDBI Bank Ltd has posted a net profit of Rs 274.30 million for the quarter ended December 31, 2002 (DQ-02) as compared to Rs 89.40 million in the quarter ended December 31, 2001 (DQ-01).
ICICI Bank Ltd has reported a 26.61 per cent rise in net profit at Rs 430.74 crore (Rs 4.31 billion) for the first quarter ended June 30, 2004, compared to Rs 340.2 crore (Rs 3.40 billion) in the corresponding quarter last fiscal.
ICICI Bank Ltd on Friday said its equity issue aggregating upto Rs 3,500 crore (Rs 35 billion), including a green shoe option, will open on April 2.
ICICI Bank Ltd said Reserve Bank of India authorized it in Feb 2002 to import gold/silver/platinum under Exim-Policy 1997 for sale in wholesale domestic market.
None of the four benchmarks suggested by the RBI is ideal as banks in India create loan assets from their deposits and not borrowing from the regulator or market, says Tamal Bandyopadhyay.
HDFC Bank Ltd has posted a net profit of Rs 988.80 million for the quarter ended December 31, 2002 (DQ-02) as compared to Rs 754.50 million in the quarter ended December 31, 2001 (DQ-01). \n\n\n\n
'In their over-enthusiasm to clean up the system, both the banks and the regulator should not forget that the key to the insolvency law is revival of companies -- recovery of bank dues is an offshoot of that,' points out Tamal Bandyopadhyay.
UTI Bank Ltd has posted a 45.02 per cent increase in its net profit at Rs 52.18 crore (Rs 521.8 million) for the first quarter ended June 2003 as against Rs 35.98 crore (Rs 359.8 million) for the corresponding quarter last fiscal.
IDBI Bank Ltd has posted a 100.6 per cent increase in net profit at Rs 22.4 crore (Rs 224 million) for the first quarter ended June 30, 2003, compared to Rs 11.1 crore (Rs 111 million) in the corresponding quarter last fiscal.
The operating income of the bank fell by 5.17 per cent to Rs 25,612 crore during April-June quarter of 2017-18
Woefully inadequate infrastructure is just one of the many reasons why a case is not settled within 180 days and even 270 days as envisaged by the law, says Tamal Bandyopadhyay.
Ajit Mishra, vice president, Research, Religare Broking, answers readers' queries on stocks they own or want to buy. Here are his replies to some of the 'buy, sell, hold, avoid or exit?' e-mails that we have received.
Green bonds refer to bonds issued mainly by power companies to finance energy efficient projects
The evolving RBI-government relationship, a reversal in the interest rate cycle and return to profitability will dominate bankers' conversation this year, says Tamal Bandyopadhyay.
HDFC Bank Ltd has posted a 31.8 per cent rise in net profit at Rs 130.36 crore (Rs 1,303.6 million) for the third quarter ended December 31, 2003, compared to Rs 98.88 crore (Rs 988.8 million) reported in same period of the previous year.
Jammu and Kashmir Bank Ltd has registered a 23.12 per cent rise in net profit to Rs 109.8 crore for the third quarter ended December 31, 2003, compared to Rs 89.18 crore in the same period last year.
Central banking is a science, not an art, Tamal Bandyopadhyay tells RBI Governor Shaktikanta Das.
HDFC Bank Ltd has posted a 30.6 per cent rise in net profit at Rs 117.14 crore for the second quarter ended September 30, 2003, compared to Rs 89.69 crore in same period last fiscal.
The RBI wants to include shares and options within the variable salary of the CEOs, proposed to be capped at 200 per cent of their fixed salary; the floor for it is 50 per cent.
If indeed we want the board to manage the RBI, probably the government should take a close look at the US Federal Reserve system which has a two-part structure - a central authority in Washington, DC, and a decentralised network of 12 Federal Reserve Banks located throughout the country, says Tamal Bandyopadhyay.
HDFC Bank Ltd has reported a 30.48 per cent rise in net profit at Rs 387.6 crore (Rs 3.87 billion) for the fiscal ended March 31, 2003, compared to Rs 297.04 crore (Rs 2.97 billion) posted in the previous fiscal.
ICICI Venture denied the allegations, noting it had extended the lifespan of the Dynamic India Fund III by three years
Banking is a boring business but still the banker should enjoy it as fancy awards and cozy relationships with politicians, Bollywood stars and corporate honchos cannot save them if the job is not done properly. In the concluding part of the series Tamal Bandyopadhyay wonders how long Kochhar would need to wait for her redemption or downfall and atonement.
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