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About 17 results for "foreign lender rsquo"

Software robots to perform a fifth of internal jobs at ICICI Bank

Software robots to perform a fifth of internal jobs at ICICI Bank

Other private banks also planning to employ bots soon ICICI Bank - the country’s largest private sector lender - is employing robots to perform tasks like generating customer IDs, updating addresses and mobile numbers, resolving ATM-related queries, etc. Claiming to be the first Indian bank to use software robotics, ICICI Bank on Thursday said the technology has helped them in reducing response time by up to 60 per cent. Chanda Kochhar, managing director & chief executive officer, ..., 1 month ago
ICICI Pru Life IPO to open on Sep 19, 1 month ago

Markets end at fresh 52-week high

Among key stocks, Tata Motors, Hero MotoCorp, L&T, Wipro, ICICI Bank, Dr Reddy’s Labs and ICICI Bank, all up between 1%-3% Markets extended gains to hit fresh multi-month highs with infrastructure stocks gaining the most after the government on Wednesday new norms for the construction sector that will help in quicker resolution of disputes to kick-start stalled projects and make access to financing easier. The government will release Q1 gross domestic product (GDP) figures later ...
 Rediff.com1 month ago Sensex zooms 440 points to end at fresh 52-week closing high  Rediff.com1 month ago Why Sensex ended 521 points higher today  Rediff.com6 days ago Sensex ends 144 points lower; ICICI Bank surges 7%  Rediff.com1 week ago

RBI ushers in on-tap bank licence

Conglomerates can hold only 10% stake; focus on NBFCs not controlled by large groups In what could be Raghuram Rajan’s last banking reform before he bows out in the first week of September, the Reserve Bank of India on Monday released the final guidelines for on-tap licensing of universal banks in the private sector, under which it ring-fenced the banking system from large industrial houses, excluding them from floating banks in the future. But conglomerates have been allowed to hold up ...
 Rediff.com2 months ago

Sensex ends below 28,000 led by financials; ICICI Bank dips 2%

Financials were the top losers after sharp gains in the previous session along with ITC Markets consolidated for most part of the trading session to end marginally lower with financials leading the decline along with FMCG majors. The S&P BSE Sensex ended down 67 points at 27,984 and the Nifty50 closed 19 points lower at 8,659. In the broader market, the BSE Midcap ended flat while the Smallcap index gained 0.6%. Market breadth ended positive with 1636 gainers and 1176 losers on the BSE.
 Rediff.com5 days ago

India one of the most open economies today: PM to BRICS Business Council

Asserting that results of the reforms undertaken by his government were visible, Prime Minister Narendra Modi on Sunday said the country has transformed into ‘one of the most open economies’ in the world with a strong growth rate. “We have undertaken substantial reforms in the past two years to streamline and simplify governance, especially in doing business. The results are clearly visible,” Modi told the Brazil, Russia, India, China, South Africa Business Council as ...
 Rediff.com1 week ago

World Bank 'commits' to fulfil obligations under Indus Waters Treaty

Pakistan on Wednesday claimed the World Bank has 'committed' itself to 'timely fulfilling its obligations' under the Indus Water Treaty while remaining neutral as Islamabad approached the international lender amid reports that India may revoke the 56-year-old deal. A Pakistani delegation led by the Attorney General for Pakistan, Ashtar Ausaf Ali, met with senior officials of the World Bank at the World Bank Headquarters in Washington, to discuss matters relating to the Indus Waters Treaty that ...
 Rediff.com3 weeks ago

FCNR redemptions won't be disruptive, say bankers

There's surplus liquidity and RBI, with plentiful forex reserves, is ready to pump whatever extra is needed Starting the middle of this month and peaking between October and November, foreign currency non-resident (FCNR) deposits worth $26 billion that banks in India raised three years earlier will start maturing. The currency and allied markets are curious as to the impact of this one-of-a-kind phenomenon. Banks have prepared different strategies and say they’re confident the ...
 Rediff.com1 month ago

Profit booking, global cues subdue markets; Nifty holds 8,900

Market participants are now awaiting Thursday's meeting of the European Central Bank Markets ended marginally lower amid consolidation on profit taking after sharp gains in the previous sessions which lifted the benchmark share indices to their fresh 52-week highs supported by strong FII flows. Downbeat US ISM non-manufacturing report for the month of August further reduced the scope of an early rate hike by the US Federal Reserve. Market participants are now awaiting Thursday’s meeting ...
 Rediff.com1 month ago

How Nitin Gadkari plans to make Indian roads safe and pollution-free

'Our economy will become river-oriented.' 'I strongly feel the mass rapid transport on electric is our future.' The Centre has accorded top priority for cost-effective, pollution-free transportation modes, such as waterways, which reduce logistic costs and increase road safety. Union minister of roads, highways, ports and shipping Nitin Gadkari, bottom, left, speaks to Sanjay Jog about the government’s strategy. Excerpts: What will be the government’s approach for integrated ...
 Rediff.com1 month ago

An agenda for Dr Urjit Patel

The mother of all challenges is the balance sheets of banks, and the mess has to be cleared early. There is no lending happening because banks don’t have money. Banks don’t have money because most of the previous lendings are stuck. Unless Dr Urjit Patel starts clearing the balance sheets of banks, the investment cycle will not start. Unless the clog in the drain is cleared, further lending cannot happen. If further lending doesn’t happen, the investment cycle also will not ...
 Rediff.com1 month ago
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