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Govt notifies norms for composite cap on overseas investment

Jul 30, 2015

Govt notifies norms for composite cap on overseas investment

Under the modified norms, all types of direct and indirect overseas investments, whether portfolio or FDI, will be subject to a composite foreign investment cap for that particular sector. #ICICI Bank #FDI #Yes Bank #HDFC Bank #PolicyWatch #Kotak Mahindra Bank #Overseas investment #Foreign Currency Convertible Bonds
ICICI may be facing asset quality headwinds; Ambit flags off risky exposure to single company

Jul 30, 2015

ICICI may be facing asset quality headwinds; Ambit flags off risky exposure to single company

ICICI Bank has an exposure of Rs 5,780 crore to debt-ridden infrastructure firm, J P Associates #ICICI Bank #bad loans #Bank NPAs #corporate exposure #concentration risk
ICICI Bank may sell stake in housing finance arm

Jul 10, 2015

ICICI Bank may sell stake in housing finance arm

The bank keeps receiving enquiries from time to time from interested parties regarding its stake in ICICI HFC but has not taken any decision to sell its stake in this company, ICICI Bank spokesperson said in a statement. #Business #ICICI Bank #CompanyWatch #Punjab National Bank #ICICI Home Finance Company
YES Bank shares up 3%; bank dispels concerns over exposure to stressed firms

Jul 09, 2015

YES Bank shares up 3%; bank dispels concerns over exposure to stressed firms

Macquarie has maintained outperform with a target price of Rs 1,020 a share for YES Bank #ICICI Bank #Yes Bank #UBS #Macquarie Research #corporate default #stressed loans
ICICI Bank aims to double m-banking userbase to one crore by March

Jul 07, 2015

ICICI Bank aims to double m-banking userbase to one crore by March

The bank is adding five lakh digital banking customers per month at present, and mobile accounts for three lakh of those. #Business #ICICI Bank #SBI #HDFC Bank #Digital banking #CompanyNews #Nobile banking
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