K.V. Kamath: ICICI Bank is healthy and fine
Rumors in the market suggested that ICICI Bank was going to take a massive hit from the ongoing global credit turmoil.
Denying these rumors, ICICI Bank CEO K.V. Kamath has come out with a statement saying: “I just want to reiterate ICICI Bank is an extremely healthy institution. We [...]
ICICI Bank no longer issuing two wheeler loans at dealer end
India’s leading private sector bank ICICI has announced that they are no longer going to offer two wheeler loans from dealer’s showrooms.
These loans would now be available only from their bank branches.
ICICI Bank has now transferred 200 employees in this unit to other departments.
ICICI Bank [...]
Some customers of ICICI Bank are reporting that they are now increasing the minimum balance limit from Rs. 5000 to Rs. 10000.
This is sad news for all those customers who are not on any of their zero balance accounts.
This new limit is going to be applied starting July this year.
If the bank account [...]
State Bank of India now has more than 10,000 branches
State Bank of India has now become only the second bank in the world to have 10,000 branches.
SBI opened their 10,000th branch in Puduvayal district of Tamil Nadu.
The only other bank to have this distinction is the China’s ICBC Bank.
Union Finance Minister P Chidambaram spoke at [...]
Hello Money: Barclays Bank launches mobile banking facility in India
Barclays Bank has a very small presence in the Indian market. They are now trying to expand their availability by offering mobile banking facility to their customers.
The bank said that the service would allow the customers to make banking transactions from their phone.
The service is based [...]
ICICI Bank set to open a branch in New York
ICICI Bank has announced that they are all set to open a branch in New York.
The bank said in a statement: “We already have got approval from the US regulator; it will come up in few weeks.”
This new branch would deal in wholesale banking business, including [...]
ICICI Bank has announced that they would be using their US branch in the New York to provide wholesale banking services and NRI services.
The company has just received permissions to open a branch in New York. They already have a presence in other major business cities including London, Hong Kong and Singapore.
ICICI Bank joint managing [...]
