MyIris: Bajaj Auto has picked up an additional 1.42% stake in ICICI Bank
According to Business Standard, Bajaj Auto has bought an additional 1.42% stake in ICICI Bank for Rs 633.05 crore, raising its stake in the bank to 4.13%.
Bajaj Auto, which makes two and three wheelers, bought 68,04,926 shares at [...]
The Hindu: ICICI Bank (NYSE: IBN) is eyeing rural India for increasing exposure in view of the huge demand in the rural sector.
ICICI Bank has set up 8,000 “touch points” across the country for penetrating rural pockets and is developing low-priced ATMs. The bank has also disbursed Rs 2,500 crore towards rural sector financing. [...]
Newswire: ICICI Bank (NYSE: IBN) Canada increased interest rates on Short-term GICs and C$ HiSAVE Savings Account. The new interest rates on ICICI Bank Canada’s short-term GICs will be:
- One-month GIC rate – 4.00 per cent for C$ and 5.00 per cent for US$
- Three-month GIC rate – 4.10 [...]
MyIRIS: NIIT has announced that ICICI Bank (Nyse: IBN) has agreed to subscribe to the share capital of NIIT Institute of Finance Banking and Insurance Training to the extent of Rs 9.50 million, being 19% of the paid-up capital.
This company is specially formed for providing training in finance, banking and insurance.
With this deal ICICI [...]
MyIris: ICRA accords top rating to ICICI Bank`s (Q, N,C,F)* Rs 20 bn debt programme
ICRA assigned a LAAA (pronounced L triple A) rating to Rs 20 billion subordinated bonds program of ICICI Bank (NYSE: IBN). This is the highest rating for credit quality for any bank. The ratings take into consideration bank’s strong position [...]
Business Standard: This could well put a brake on the great Indian dream of buying a home. Reserve Bank of India (RBI) has classified home loan as an exposure to real estate sector in respect to banks giving the loan. With this it has put a cap on the frenzied growth of [...]
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