ICICI Bank News

Asian stocks tumbled, driving Japan's Nikkei 225 Stock Average to its biggest weekly decline on record, on concern the deepening credit crisis will push the global economy into a recession.

Battered under an onslaught of rumours continuing for several weeks, ICICI Bank on Friday lost out its place as the country's most valued private sector bank to HDFC Bank, as its share price fell by about 20%. ...

Mumbai, Oct 10 : Banking sector stocks, led by the heavyweight ICICI Bank, skidded on the Bombay Stock Exchange Friday following frantic offloading by overseas investors and nervous selling by retail investors.

India made the steepest cut since 2001 in the amount of cash lenders need to set aside as reserves to kick-start the economy, after industrial output grew at the slowest pace in 14 years and the rupee slumped ...

Mumbai : ICICI Bank has said that only Japanese banks have the necessary financial muscle to acquire US and European banks in current scenario and it would look only at Indian opportunities for now.

Fears of the United States-led financial crisis cascading to other countries, particularly Europe, combined with apprehensions that the $700 billion bailout package, history's biggest, may not be enough, turned ...

MUMBAI/HONG KONG: Private equity firms are starting to team up to bid for a $400mn stake in India's Firstsource Solutions, sources familiar with the matter said, amid concerns that the price of the deal is too ...

A large number of ICICI customers are rushing to the bank's ATMs to withdraw all their deposits, fearing bankruptcy of the bank due to the rumors that the ICICI was facing a major liquidity problem.

The Sensex opened almost flat at 13,110 - up eight points, touched a high of 13,114, and soon slipped into the negative zone owing to weak global cues.

The average P/E of the banking sector dropped from 27 to13 in nine months. At one end, there are PSUs with low PEs, whereas private banks trade at above 20.

MUMBAI: The Reserve Bank of India , concerned over the crisis in overseas markets, has asked commercial banks to provide data on their exposure to "troubled financial entities", two newspapers said on Thursday.

A national health insurance programme, under which people below the poverty line pay only Rs.30 and become entitled to treatment of up to Rs.30,000, has just become operational in 11 states.

NEW DELHI: The BSE Sensex reversed sharp early falls to end up 2.1 percent on Tuesday, as assurances from ministers and the market regulator lifted sentiment, while higher U.S. futures and a recovery in some ...

Rating agency Icra has downgraded ratings for three instruments, which have ICICI Bank's retail loans as underlying, citing 'higher than expected' delinquency levels.

North American stocks rebounded sharply yesterday on speculation that American officials would resurrect a failed $700 billion bailout package for Wall Street by week's end.

NEW DELHI: The BSE Sensex extended gains to more than 2 percent on Tuesday afternoon, led by ICICI Bank after the central bank said the No.

J JAISHANKARA AND RAKESH PATHAK MUMBAI, SEP 30 Declaring a war against conspiracy by 'market manipulators' to destabilise its shares through rumours, ICICI Bank Managing Director and CEO K V Kamath today ...

Mumbai, September 29: Led by heavy-weight ICICI Bank, whose shares plummeted to a 52-week low of Rs 483, the banking index on Monday fell nearly eight per cent in the afternoon trade on the Bombay Stock ...

MUMBAI: Shares in ICICI Bank, India's second-biggest bank, fell nearly 14 percent to a two-year low on Monday, hurt by foreign fund selling and worries about the impact of the global credit problems.

ICICI Bank chairman N. Vaghul hands over the first copy of the book 'Corporate Disclosures' to N. Chandrasekaran, vice-president, TAKE Solutions, in Chennai on Thursday.