Tag «karnataka bank»

ICICI Bank clarifies on news reports

ICICI Bank spokesperson said: “Some erroneous media reports have appeared that ICICI Bank has acquired 1.09% stake in Karnataka Bank. We would like to clarify that almost all of these shares are held by the Bank on behalf of its equity broker clients as a security for our exchange clearing and settlement business.”

3rd May, 2013 : Hawkish RBI; bearish market

We must accept finite disappointment, but never lose infinite hope — Martin Luther King, Jr. Some disappointment was always on the cards especially after the RBI released its Macroeconomic  and Monetary Developments report in 2012-13. Friday turned out to be more of a damp squib with the Reserve Bank of India turning out a token …

ICICI Bank looks to acquire Karnataka Bank – Umesh Shanmugam

The country’s largest private sector bank, ICICI Bank, is learnt to have submitted a formal proposal to the Reserve Bank of India (RBI) to acquire Karnataka Bank, an old and listed private sector bank with a nationwide presence and over 500 branches. In May 2010, ICICI Bank had acquired Bank of Rajasthan, another old bank. …