An ICICI Bank executive said the latest revision in charges is being effected to offset a hike in overseas partner banks/financial institutions fees for this type of service.
The bank is using readily available satellite images from ISRO and NASA for the purpose, and plans to scale up to 63,000 villages in the next three months.
India's largest private sector lender ICICI Bank is looking at possibilities of acquisitions in Britain, Canada or Germany to expand its overseas business.
Even as Finance Minister P Chidambaram has asserted that the real estate sector is overheating, the ICICI Bank today claimed that there is genuine demand for houses and people have only deferred their decision to buy property.
Transcript of the chat with ICICI Bank ED V Vaidyanathan.
India's second largest lender ICICI Bank sees domestic lending rates gradually hardening in line with the international trend.
ICICI Bank will offer shares to Japanese investors without getting listed in Japan as a part of its upcoming Rs 2,300-cror
Bankers expect interest rates to remain stable in the short to medium term, as there is enough liquidity in the market.
In a bid to enhance its auto-finance business, ICICI Bank plans to acquire 100 per cent stake in Transamerica Apple Distribution Finance, an auto distribution finance company, in an all cash deal for Rs 74 crore.
ICICI Bank on Saturday launched the Visa 'mini card', India's first miniature-sized payment card.
ICICI Bank executive director Kalpana Morparia on Wednesday said the bank was expecting at least a Rs 10,000 crore (Rs 100 billion) jump in its retail advances during the current financial year and was poised to grow organically.
ICICI Bank plans to grow aggressively by opening 60 more branches this fiscal and aims to increase its retail assets to Rs 33,000 crore in 2004-05.
HDFC Bank customers will be able to do 11 transactions on their Apple device using the `watchbanking' service.
According to ED sources Sunil Mehta said the fraud took place due to "systemic failure" and "procedural lapses", owing to lack of interface or proper links between the core banking software and the SWIFT interbank messaging system.
'The government should refrain from 'adventurism' and 'megalomania'.' 'But this should be true of reckless government action against every Indian, whether or not they are wealthy or have access to the finance minister even when he is in hospital,' says Aakar Patel.
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