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ICICI Bank
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ICICI Bank brings in Canadian $75m capital from Canada arm       16th-May-2013
ICICI Bank repatriated around Rs 400 crore capital from its wholly owned subsidiary in Canada. The bank can now use the same fund to expand its loans in India. However, it may be a marginal capital addition only.
Cobrapost: What worries & why incentive culture be revised?         14th-May-2013
Cobrapost expose on alleged money laundering cases has no doubt brought many things to public notice. However, there is a need to delve deep into reading beyond investigation reports. Incentive culture is one key reason behind it, says a RBI official.
RBI probes Cobrapost report, reveals violations by banks         13th-May-2013
The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks.
RBI doing its bit to ease interest rates, what about banks?       13th-May-2013
Despite the easing of interest rates by Reserve Bank of India, the weighted average lending rates of banks have declined by less than 0.5 percent, according to RBI data.
Cobrapost expose: Banks suspend employees under FinMin heat       7th-May-2013
In the aftermath of Cobrapost 2, state-owned lenders including PNB, BoB and IDBI Bank on Tuesday suspended cumulatively five officials allegedly involved in money laundering and KYC violation norms. The finance ministry is exerting pressure on all institutions
Call in ED; custodial interrogation is must: Cobrapost         6th-May-2013
Aniruddha Bahal, editor, Cobrapost , in an interview to CNBC-TV18, calls for the deployment of the enforcement directorate to investigate the allegations of money-laundering and adds that custodial interrogation of those suspected to be involved is vital
No clean chit to ICICI, HDFC & Axis Banks: RBI       3rd-May-2013
The Reserve Bank of India on Friday said it has not given a clean chit to ICICI Bank, HDFC Bank and Axis Bank, which are accused of money laundering and flouting KYC norms, and stated the probe against the three banks is still on.
RBI Credit Policy: Banks unlikely to cut rates soon, no relief for EMIs         3rd-May-2013
Banks are in no mood to reduce interest rates anytime soon following a cut in the policy/repo rate by 25 basis points to 7.25 percent. However, a fall in cost of funds will only trigger interest reduction among banks in future. Hence, no relief for your
Better KYC norm compliance needed: RBI on Cobrapost sting       3rd-May-2013
The RBI today said that its probe into their activities revealed the banks did not follow KYC norms while selling third party products.
Cos holding Rs 1101cr unclaimed dividends; RIL tops list       2nd-May-2013
With Rs 113 crore, Reliance Industries (RIL) tops the list of companies that have unpaid and/or unclaimed dividends lying with them, Parliament was informed today.
High-powered group set up to regulate chit funds: Takru       1st-May-2013
Financial services secretary Rajiv Takru says, in an interview to CNBC-TV18, that a high-powered group has been set up to examine chit funds: Takru
Here's how bank credit expanded in 2012-13       30th-Apr-2013
The latest data by Reserve Bank of India released on Tuesday showed the segment-wise growth of industry credit that banks lent to individuals and companies during 2012-13. Segment-wise agriculture credit showed robust growth while industry credit decelerated.
Here's what market expects from RBI credit policy       30th-Apr-2013
Ahead of the Reserve Bank of India's fourth quarter (January – March) credit policy review, a Royal Bank of Scotland (RBS) survey revealed a loud clamour for policy rate cut at least by 25 basis points. Market participants seem to be evenly split between
A synopsis of what Nomura expects from RBI credit policy       29th-Apr-2013
Sonal Varma and Aman Mohunta – two economists from Japanese research firm Nomura are of opinion that the RBI may be prompted to cut rates due to three-pronged reasons: lower rate of wholesale price index (WPI) based inflation, weak growth and narrow
RBI probes banks for sale of gold investment products       29th-Apr-2013
The Reserve Bank is looking into sale of gold coins and gold-related investment products by about 30 banks to find out whether their employees are mis-selling such products to customers.

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