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ICICI Bank to set up $2 billion infrastructure fund India's largest private sector bank, ICICI Bank, proposes to set up a $2 billion infrastructure fund - the largest infrastructure fund by an Indian entity to hit the market. 11 Sep 2007
ICICI Bank signs $200 million credit line with Korean Eximbank India's largest private sector bank, ICICI Bank has signed a $200 million line of credit with The Export-Import (Exim) Bank of Korea (Korean Eximbank) to support Korean companies operating globally. 26 Aug 2007
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Impact of RBI's decision to hike CRR by 50 basis points India's central bank, the Reserve Bank of India (RBI) has reined in liquidity in the market by raising the cash reserve ratio (CRR) - the proportion of deposits that banks must keep as cash with the RBI - to 7 percent from the present 6.5 percent. This is the fourth such hike since last December. 12 Aug 2007
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IFCI stake sale draws foreign players The news that the Industrial Finance Corporation of India Ltd (IFCI) will divest at least 26 percent of its stake to strategic investors through fresh issue of shares, has drawn the attention of foreign players like Citigroup, Lehman Brothers, BNP Paribas, Deutsche Bank and Barclays. 09 Aug 2007
Should lenders be more forgiving? Homeowners who fall behind on mortgage payments say lenders have grown slightly more flexible in scheduling late payments but are less accommodating than they ought to be, according to a study released on Wednesday. 03 Aug 2007
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India, China lagging behind in economic well-being: ADB Asia's two economic powerhouses, India and the People's Republic of China (PRC), are lagging behind in terms of "economic well-being and living standards," despite accounting for 64 percent of GDP in a surveyed list of 23 Asian countries, a new study by the Asian Development Bank (ADB) has revealed. 02 Aug 2007
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World Bank approves $600 million rural credit for India The World Bank has approved a $600 million loan and credit package designed to transform rural credit mechanism in India even as the central and state governments are struggling to maintain fund flow into the agricultural sector. 18 Jul 2007
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ICICI Bank joins trillion rupee club India's largest private sector bank, ICICI Bank has entered the elite trillion rupee club, joining the likes of Reliance Industries, Reliance Communications, ONGC, Bharti Airtel, NTPC, Infosys and TCS following its successful raise of Rs. 5400 crore through a follow-on public offer (FPO). 10 Jul 2007
