State Bank of India Profit Increases 10 Percent, Beats Analyst Estimates Oct 31, 2009
The Mumbai-based lender, which accounts for a fifth of Indias banking assets, joined rival ICICI Bank Ltd. in posting results that surpassed analysts estimates as economic growth revives. There are definitive signs the nations economy is recovering, Governor Duvvuri Subbarao said earlier this week. (Bloomberg -- Asia)
Temasek Holdings Profit Falls Record 66% as Value of Bank Stakes Declines Sep 17, 2009
It held 68 percent of PT Bank Danamon Indonesia, 6 percent of China Construction Bank Corp., 8 percent of Indias ICICI Bank Ltd. and 19 percent of Standard Chartered as of March 31, according to the report. Financial firms now make up 33 percent of Temaseks portfolio, down from 40 percent. (Bloomberg -- Asia)
Temasek May Look at Internal Candidates as Replacement for CEO Goodyear Jul 28, 2009
The Singapore sovereign wealth fund has been hiring executives with experience at international companies as it expands in Asia with stakes in Indias ICICI Bank Ltd., and lenders in Indonesia, South Korea and Pakistan. Investments in Singapore now make up a third of the portfolio from more than half five years ago. (Bloomberg -- Asia)
India Stocks Rally May Take `Breather' After Valuations Soared, HSBC Says Jul 21, 2009
It recommends selling India Cements Ltd., ICICI Bank Ltd. and. To contact the reporter on this story: in Mumbai at. (Bloomberg -- Asia)
Clinton Begins India Visit With Observance of 2008 Mumbai Terror Attacks Jul 18, 2009
5 billion; and Chanda Kochhar, chief executive officer of ICICI Bank Ltd., the countrys second-largest by assets. U.S. officials say they hope to sign an end-use monitoring agreement July 20 while Clinton is in New Delhi that would allow companies including Bethesda, Maryland-based and Chicago-based to compete for $11 billion in fighter-jet contracts, the largest military tender on offer worldwide. (Bloomberg -- Asia)
Indexes End Lower On Day, Higher On Week May 24, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
Asian stocks continue surge at mid-day May 19, 2009
American depositary receipts of ICICI Bank Ltd., India's second-largest lender, climbed 25 percent to the highest in eight months after Morgan Stanley raised its recommendation on the country's financial stocks. The Shanghai Composite Index is up 1. (The Star Online, Malaysia)
Asian Stocks Climb as Oil, Libor Stoke Growth Optimism; BHP, Toyota Gain May 19, 2009
ICICI Bank Ltd., Indias second-largest lender, climbed 6. 5 percent to 753 rupees, adding to yesterdays 23 percent surge. (Bloomberg -- Asia)
Bank of America Said to Raise $7.3 Billion From China Construction Sale May 12, 2009
65 percent of Construction Bank before the deal and is one of the largest shareholders in and DBS Group Holdings Ltd. It also owns stakes in Indias ICICI Bank Ltd. and lenders in Indonesia, South Korea and Pakistan. The Singaporean company earlier turned down an offer to buy Construction Bank stock from Bank of America, though changed its mind after the price was lowered, one of the people said. (Bloomberg -- US)
Bank stocks climbs on global cues Apr 3, 2009
Bank stocks climbs 4. 79 pc on firm global cues- Stocks in News-Stocks-Markets-The Economic Times. (India Times)
S&P outlook on 12 Indian banks turns negative Feb 25, 2009
SINGAPORE: Standard s Ratings Services has revised the outlook on the counterparty credit ratings for the following Indian banks to negative from stable: -- Axis Bank (BBB-/A-3) -- Bank of Baroda (BBB-/A-3) -- Bank of India (BBB-/A-3) -- Canara Bank (BBB-/A-3) -- HDFC Bank Ltd. (BBB-/A-3) -- ICICI Bank Ltd. (BBB-/A-3) -- IDBI Bank Ltd. (BBB-/A-3) -- Indian Overseas Bank (BBB-/A-3) -- Indian Bank (BBB-/A-3) -- State Bank of India (BBB-/A-3) -- Syndicate Bank (BBB-/A-3) -- Union Bank of India... (India Times)
Chip Goodyear to Run Singapore's $130 Billion Temasek Fund; Ho Steps Down Feb 7, 2009
Temasek is one of the largest shareholders in Standard Chartered Plc, DBS Group Holdings Ltd. and owns stakes inIndias ICICI Bank Ltd. and lenders in Indonesia, South Korea and Pakistan. Along with China Development Bank Corp., Temasek paid 3. (Bloomberg -- Australia & New Zealand)
