 Articles tagged: Indian Banking Sector
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In Q2 FY'06 the net profit of ICICI Bank rose 30% to reach Rs 755 crore, compared to Rs 580 crore during the same period last year. written by James Marriot
The Central Board of Excise and Customs (CBEC) has confirmed the government decision of exempting banking services to units positioned in any of the special economic zones from payment of service tax. written by James Marriot
ICICI Bank aims to exploit the untapped rural banking sector in India, as huge credit demands exist in this sector. Credit demand in rural India is expected around Rs.1,330 Billion, whereas its supply was just about Rs.40 Billion in previous year (2005), as per Nachiket Mor- deputy MD of the bank. written by James Marriot
With technological advancements, banking sector in India has become much accurate, fast, easier, and less time consuming. SMS Banking, Mobile Banking, ATMs, and Net Banking are just the beginning. written by James Marriot
With second highest growth rate of economy, India is gaining prominence in the world market. However, a robust banking industry is essential to uphold the enhanced levels of activities, both in domestic as well as global market. Despite undergoing dramatic changes during the past decade, the existing risk management system of Indian banking sector is still in its nascent stage and needs to be augmented.
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