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ICICI Bank to sell 9% in general insurance JV for Rs 1,550 crore

Reports 12% growth in net profit at Rs 3,030 crore for 3 months ended September

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HDFC Bank & ICICI Bank update their digital strategy

HDFC Bank and ICICI Bank on Thursday announced two initiatives on their digital banking platform.

ICICI Bank, ICICI insurance sell, ICICI insurance JV, ICICI Lombard, Fairfax Financial Holdings, business news

Moving towards softening interest rate environment, says Kochhar

In its last bi-monthly monetary policy review on August 4, the RBI maintained the status quo on rates.

Govt set to unveil farm, health insurance for masses

The Centre is planning to come out with a universal health scheme and an exclusive all-in-one insurance product for farmers as part of its ongoing efforts to bring people under the social security net.


KV Kamath appointed the first president at $100-bn Brics Bank

Under the pact, the bank would be headquartered in Shanghai, with India nominating its first president.

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Top-9 Sensex cos lose Rs 65,919 cr in market valuation

Barring ICICI Bank, rest nine companies, including TCS, RIL, ONGC and ITC suffered losses in their market capitalisation (m-cap).

Axis Bank trims base rate by 0.2% to 9.95%

Home loan player HDFC is expected to lower lending rates later this week.

Corporates using shell companies to pay bribes: Parekh

Deepak Parekh on Tuesday said unidentifiable shell companies are being used for paying bribes and ‘speed money’ remains a challenge for corporates.

ICICI profit rises 14%, asset quality slips

ICICI Bank MD Chanda Kochhar said the bank’s fresh slippages stood at Rs 2,279 crore in third quarter.


Special fixed rate housing loans: Look before you leap

HDFC’s offer is available to those who apply by Jan 31, 2015 while ICICI Bank’s scheme will end on Dec 31, 2014.

RBI fines ICICI Bank, BoB for KYC violations

According to the RBI, it received a complaint from a “reputed statutory organisation” in August 2013 about fraud being perpetrated in five banks.

ICICI Bank to sell its Russian arm

At the end of the second quarter of the current fiscal, IBEL had assets of RUB 4.5 billion and paid-up equity capital of RUB 1.6 billion.


Banks trim deposit rates, look at passing on benefit to loans

SBI chief signals beginning of cheaper loans

SBI cuts deposit rates by 0.25 per cent

State Bank of India (SBI) cut its deposit rates for maturities of over one year by 0.25 per cent.


HDFC Bank, ICICI Bank cut retail fixed deposit rates

ICICI Bank’s website showed that it has lowered it deposit rates for customers within the Rs 1 crore bracket.