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June, 23 CEE Banking Sector Report: Total assets in CEE Banking sector grew 25 per cent in 2008 to €1,772 billion.

May, 13 Citigroup uses almost $45 billion TARP Funds for Loans.

May, 11 Bank of America is going to sell a 5.8% stake in China Construction Bank Corp. for about $7.3 billion.

May, 10 Berkshire Hathaway - Net loss in 1Q 2009 amounted to 1.53 billion U.S.

May, 8 U.S. banks back the State for more than $25bn received under the troubled asset relief program (TARP).

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ICICI Bank


ICICI BankICICI Bank (Industrial Credit and Investment Corporation of India) is India's largest private sector bank and second largest overall. ICICI Bank is the most valuable bank in India in terms of market capitalization and is ranked third amongst all the companies listed on the Indian stock exchanges in terms of free float market capitalisation. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management.

The Bank currently has subsidiaries in the United Kingdom, Russia and Canada, branches in Singapore, Bahrain, Hong Kong, Sri Lanka and Dubai International Finance Centre and representative offices in the United States, United Arab Emirates, China, South Africa, Bangladesh, Thailand, Malaysia and Indonesia. Our UK subsidiary has established a branch in Belgium.

Headquarters:Mumbai, India
Leadership:N Vaghul, K.V.Kamath, Nachiket Mor, Chanda Kochhar
Founded:1955
Web:www.icicibank.com
ID: 771


Business and Financial News

The European Central Bank injects €442 billion into banking system - 25.06.2009
The European Central Bank (ECB) allotted €442 billion to banks for 12 months, the biggest amount it has ever given in a single auction. The amount was more than most economists had expected.
 
More credit card rules could hurt Visa and MasterCard - 23.06.2009
Visa Inc and MasterCard Inc, the world's largest payment networks, could face lower revenue and pressure on their stock prices amid a push for increased U.S. regulation of credit cards.
 
Top 100 banks saved from bankruptcy - 23.06.2009
Since October 1, 2008, Russian banks have repaid $50 billion worth of loan payments, Finance Minister Alexei Kudrin said at a banking conference in Moscow today.

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