Entries Categorized as 'Bank News'

Central Bank of India allotment and subscription details

Date November 26, 2007

Central Bank of India Oversubscribed by 62.07 times and on the retail side its subscribed by 16 times.Total Issue Size 80000000 Total Bids Received 4965716880 Total Bids Received at Cut-off Price 356456160 No. of times issue is subscribed 62.07 As per the Data from NseIndiaVisit here for Central Bank of India IPO Allotment Details

ICICI bank bags award

Date November 22, 2007

(MENAFN - Bahrain Tribune) ICICI Bank has been conferred with the ‘Outstanding Regional Private Bank - Asia Pacific’ award by Private Banker International at the just concluded 17th Private Banker International Wealth Management Summit 2007. ICICI Bank is the first Indian bank to receive this award.

Indian shares move up, led by ICICI, State Bank of India

Date November 22, 2007

MUMBAI, India - Indian shares moved higher last Monday, led by banks such as ICICI Bank and State Bank of India.
The Bombay Stock Exchange’s 30-share Sensex index closed up 54 points, or 0.3 percent, to 17,614 points.

ICICI BANK LTD - Follow-on Public Issue

Date November 22, 2007

ICICI Bank Ltd has informed the Exchange that the Company has exercised the green shoe option. DSP Merrill Lynch Limited, acting as stabilizing agent to the Issue has vide their letter dated August 3, 2007, informed the Company that they have purchased 199,896 shares of ICICI Bank from open market and has requested to allot […]

SBI reduces rates on retail loans

Date November 22, 2007

CHENNAI: State Bank of India has reduced the interest rates on all new home loans, car loans, two-wheeler and personal loans. The home loans are now lower by 0.50 – 1 percentage point depending on loan maturities and the amount of loan. The car loans and two wheeler loans have been reduced by one percentage […]

Federal Bank Q2 net up 37% at Rs 95.33 cr

Date November 21, 2007

Private sector Federal Bank on last Friday posted a 37.24 per cent rise in net profit at Rs 95.33 crore for the quarter ended September 30 as compared to Rs 69.46 crore for the corresponding period last year.

Travel Card From ICICI

Date November 21, 2007

ICICI Bank’s new Travel Card, an upgrade of traveller’s cheques, promises to ease foreign travel. It is billed as the only card that can be used for transactions over the Internet and has a unique safety feature against misuse. Every time cardholders use it, they get an SMS alert. Corporate administrators can get a detailed […]

ICICI Bank Q2 net profit at Rs 1002.60 cr

Date November 21, 2007

ICICI Bank has announced its second quarter numbers of FY08. It has posted net profit of Rs 1002.60 crore for the quarter ended September 2007 as against Rs 755 crore in the same quarter of last year.

ICICI Bank launches Bank@Home services for its customers

Date November 21, 2007

Mumbai (PTI): Country’s largest private sector lender, ICICI Bank, has announced Bank@Home services for all its savings and current account customers in India.
“Bank@Home is like a courier service wherein the banking facility is made available at the customer’s doorstep,” ICICI Bank’s head (Retail Liability Group) Maninder Juneja said in a statement issued here.

Reliance Life forms tie-up with Muthoot Group

Date November 21, 2007

Anil Ambani group’s Reliance Life Insurance on last Wednesday signed a distribution partnership with domestic non-banking finance firm Muthoot Group.
Under the pact, Muthoot Group would offer Reliance Life’s insurance solutions to customers spanning 23 cities and 40 branches across Karnataka, Andhra Pradesh and Maharashtra.