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A man leaves an automated teller machine (ATM) facility of ICICI bank in the southern Indian city of Kochi

India Inc: Depoliticise economic decisions
Cut subsidies and depoliticise every single economic decision–that's what India Inc wants from the government. A day after official data showed economic growth slumping to a nine-year low, corporate India and leading bankers say time is running out and the government is left with no option but to act to reverse the ongoing crisis of confidence. "The most important reform is implementation of

Dividends, interest income drive ICICI Bank's profit up 31%

ICICI Bank, the largest private sector lender in the country, on Friday said its standalone net profit for the quarter ended March 31 had expanded 31 per cent to Rs 1,902 crore from Rs 1,452 crore

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PNB, ICICI Bank reduce lending, deposit rates

There is some relief for borrowers, as large banks have started reducing their lending rates across the board after a gap of three years. Punjab National Bank, the second largest lender in the

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Banks uncertain of meeting deposit growth target
Bankers indicated meeting the deposit mobilisation target would be difficult, as consumers were preferring competing savings options over bank deposits.

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Reduce variation in retail, bulk deposit rates
The Reserve Bank of India’s (RBI) new directive on reducing the variation in interest rates on bulk and retail deposits of similar maturities has failed to find favour with banks.

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Welcome shift in focus, towards growth: Chanda Kochhar

The announcement by the Reserve Bank of India (RBI) Governor of a 50-basis-point reduction in the repo rate is a very timely and welcome move. The monetary policy recognises that it is imperative

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