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ICICI Bank Ltd

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  • NEW DELHI, May 11- India has named private banker K.V. Kamath as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters on Monday. The BRICS- Brazil, Russia, India, China and South Africa- agreed to set up the $100 billion development bank last July, in a step toward reshaping...

  • India's state banks are under pressure to improve profitability and slash bad loans, creating a more agile sector to help fuel economic growth. India's state banks hire largely through a nationwide exam system, bringing in entry-level staff who rise through the ranks over years. Bhattacharya, whose bank employs more than 215,000 people, is also working with...

  • Chinese property developer Kaisa Group, illustrates the challenges for investors holding uninsured corporate debt: Kaisa is trying to restructure 48 billion yuan of debt and is mired in crisis after the local government in its home base of Shenzhen blocked sales at some of its projects last year, leaving investors shell-shocked. A debt restructuring plan...

  • MUMBAI, March 16- Several Indian life insurance firms are courting private equity investors to boost their capital ahead of potential IPOs, which became more feasible after a new law allowing higher foreign ownership in a sector that last year was worth $50 billion. The law, approved last week, lets insurers including Britain's Prudential PLC, Standard Life and...

  • Cramer Remix: These oil stocks have bottomed Friday, 16 Jan 2015 | 7:13 PM ET

    Looking for opportunity in energy? "Mad Money" host Jim Cramer may have finally found the spot.

  • In India, even banks are in on home delivery Sunday, 15 Jun 2014 | 7:19 PM ET
    Delivery men sorting lunch boxes before delivery in front of Churchgate railway station in Mumbai, India.

    As India's home delivery model thrives everything from banking to medical services is being offered in consumers' homes.

  • Your first trade for Tuesday Friday, 23 May 2014 | 1:30 PM ET
    FMHR Final Trade: Summer survival stocks

    The "Fast Money" traders share their final trades of the day.

  • Your first trade for Thursday Wednesday, 21 May 2014 | 1:08 PM ET
    Fast Money Final Trade

    The "Fast Money" traders share their final trades of the day.

  • How mobile money is changing Asia Wednesday, 16 Apr 2014 | 7:39 PM ET
    A shopkeeper (L) transfers money for customers using text commands on a mobile phone in New Delhi.

    For emerging Asia, paying your friends, family and retailers from your mobile is set to explode thanks to the region's heavy smartphone usage.

  • Your first trade for Wednesday Tuesday, 1 Apr 2014 | 1:22 PM ET
    Fast Money Final Trade

    The "Fast Money" traders share their final trades of the day.

  • Consumer is king in India: ICICI President   Friday, 24 Jan 2014 | 2:50 AM ET
    Consumer is king in India: ICICI President

    Vijay Chandok, president of ICICI, discusses the Indian economy, saying the consumer is king in India.

  • India’s economy is out of the woods: ICICI CEO Friday, 10 Jan 2014 | 12:36 AM ET

    After India’s growth rate halved over the past few years, the worst is finally over, says ICICI Bank CEO.

  • Worst is over for India: ICICI Bank   Thursday, 9 Jan 2014 | 5:46 PM ET
    Worst is over for India: ICICI Bank

    Chanda Kochhar, CEO at ICICI Bank, is optimistic on Indian economic growth but warns of the looming impact of Fed tapering.

  • Your first trade for Tuesday Monday, 9 Dec 2013 | 1:41 PM ET
    Fast Money Final Trade

    The "Fast Money" traders share their final trades of the day.

  • Your first trade for Friday Thursday, 10 Oct 2013 | 2:17 PM ET
    Fast Money Final Trade

    The "Fast Money" traders share their final trades of the day.

  • Asian equities were mostly lower on Wednesday after Wall Street logged its fourth straight session of losses amid uncertainty surrounding U.S. budget discussions.

  • Private Equity Cash In on Cheap India Infrastructure Wednesday, 15 May 2013 | 10:03 PM ET
    Construction in Mumbai, India.

    Private equity investment in Indian infrastructure is poised to pick up following a lengthy dry patch as debt-stressed operators come under pressure from banks to offload assets.

  • Indian Bourse Picks Banks for $1 Billion New Listing Thursday, 6 Dec 2012 | 7:35 PM ET
    bombay-stock-exchange-exterior_200.jpg

    India's BSE Ltd, the former Bombay Stock Exchange which has lost market share to rivals, has chosen 14 banks for a share offering planned for the first half of 2013.

  • WRAPUP 1-Visa, MasterCard profits rise with card use Thursday, 1 Nov 2012 | 12:48 AM ET

    *MasterCard quarterly profit rises 8 percent. Oct 31- Increased consumer spending and card use worldwide drove quarterly profits higher for Visa Inc and MasterCard Inc, according to new financial reports from the two payments companies.

  • Oct 31- MasterCard Inc reported a quarterly profit that handily topped market estimates as more people, particularly in Asia, opted to use credit and debit cards instead of cash. MasterCard has been boosting its presence outside the United States, cashing in on higher-growth markets in Asia and the Nordic countries.