Financial Express: ICICI Bank (NYSE: IBN) has signed a memorandum of understanding (MoU) with a Mitsubishi UFJ Securities of Japan. According to a story in Financial Express, the two entities will focus on developing ties in the areas of corporate finance and mergers and acquisitions.
The two Indian Banks, ICICI (NYSE: IBN) and HDFC (NYSE: HDB), continue [...]
Business-Standard: According to a report in Business-Standard, The Monetary Authority of Singapore (MAS) is now willing to open the doors for two Indian banks — State Bank of India and ICICI Bank (NYSE: IBN) — and offer them the status of qualifying full bank (QFB), which can raise retail deposits and operate at 25 centres [...]
ICICI Bank (NYSE: IBN) today surged almost 14% after surpassing Q1 estimates. I have recommended ICICI bank in the past and continue to be bullish for the long term. I also like HDFC Bank (NYSE: HDB) which also surged 8% today.
Following are the highlights from the quarter ending June 30th 2006:
Operating profit (excluding treasury income) [...]
Gulf Daily News: ICICI Bank (NYSE: IBN) will be offering Money2India Remittance account for customers in Bahrain.
The article also mentioned ICICI’s international presence which currently spans 14 countries and includes three wholly-owned subsidiaries in the UK, Russia and Canada, offshore banking units in Singapore and Bahrain, an advisory branch in Dubai, branches in Sri Lanka, [...]
The Hindu: ICICI Bank’s (NYSE: IBN)financial strength rating has been raised from D+ to C- by Moody’s Investors services.
The bank’s foreign currency deposit ratings of Ba2/NP and its senior and subordinated debt ratings of Baa2, which are all constrained by the respective country ceilings, remain unchanged with stable outlooks
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Financial Express: ICICI Bank (NYSE: IBN) has picked up a 20% stake in Financial Information Network and Operations Ltd (FINO), a technology solutions company. ICICI Bank will bring down its stake in the firm over a period of time. FINO provides backend technology platform for micro-finance institutions. FINO also provides biometric cards to the rural [...]
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