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PayPal to buy Xoom for $890 mn in cash to expand portfolio

Jul 02, 2015

PayPal to buy Xoom for $890 mn in cash to expand portfolio

The move provides PayPal entry into the profitable and growing remittances market of Xoom in emerging economies of India, China and Brazil, among others. #ICICI Bank #PayPal #Yes Bank #HDFC Bank #Bank of Baroda #Punjab National Bank #Federal Bank #Kotak Mahindra Bank #Union Bank Of India #Digital money transfer #Xoom Corporation #Dan Schulman
Sensex ends 200 pts higher, snap three-week fall to surge nearly 900 points in a week

Jun 19, 2015

Sensex ends 200 pts higher, snap three-week fall to surge nearly 900 points in a week

Prior to this week, the Sensex had dropped a whopping 1,500 points or 5.5 percent in the preceding three weeks. #Sensex #Reliance Industries #nifty #Greece #ICICI Bank #European Union #BSE #Monsoon #RIL #MarketClose
Mr FM, if PSU banks don't move their butts, payment banks will steal their lunch

Jun 16, 2015

Mr FM, if PSU banks don't move their butts, payment banks will steal their lunch

E-wallets are already growing fast, and when payment banks enter the picture, public sector banks will find customers moving their low-cost deposits elsewhere. They are going to face further dents to their profitability. #HowThisWorks #ICICI Bank #Arun Jaitley #HDFC Bank #CASA #e-wallets #Uber #Paytm #Payment Banks #PayZapp #Pockets #current and savings accounts #PayUMoney #Citrus #Olamoney
Falling market share, not Rajan or Jaitley, will force banks to cut lending rates

Jun 15, 2015

Falling market share, not Rajan or Jaitley, will force banks to cut lending rates

The point to be noted here is that banks have been extremely reluctant in lowering their lending rates despite a 75 basis points cumulative cut in repo rate by the Reserve Bank of India so far this year. #Economy #RBI #ConnectTheDots #ICICI Bank #SBI #Repo rate #Raghuram Rajan #Home loan #Kotak Mahindra Bank #Net Interest Margins
ICICI launches voice 'password' facility for users to simplify transactions

May 25, 2015

ICICI launches voice 'password' facility for users to simplify transactions

Over 33 million savings bank and credit card customers will be able to use the service. #Business #Banking #ICICI Bank #CompanyWatch #Call centre #corporate #Pin #Voice Prints
Sensex ends flat, market cautious on Q4 earning numbers

May 21, 2015

Sensex ends flat, market cautious on Q4 earning numbers

Total market breadth turned negative as 1,507 stocks closed lower, 1,184 finished higher and 130 ruled steady. #Sensex #ICICI Bank #State Bank of India #SBI #HDFC #Vedanta #BSE #Cipla #Maruti Suzuki #ITC #MarketClose
Timely monsoon, rate cut hopes boost market; Sensex up 118 points

May 15, 2015

Timely monsoon, rate cut hopes boost market; Sensex up 118 points

The rise in the BSE barometer was supported by gains in state-run SBI that climbed 2.39 percent, followed by HDFC 1.80 percent and Axis Bank 0.80 percent. #Sensex #Inflation #ICICI Bank #SBI #HDFC #BSE #fiscal deficit #Arun Jaitley #Axis Bank #MarketClose