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ICICI Bank- Is there more to it than the share fall?

11 oct 2008

Picture this, till August 2008 ICICI Bank was the most valuable bank with a market capitalisation above that of SBI and HDFC Bank. When Lehman story arrived, SBI overtook it and with further bad news pouring it, HDFC Bank overtook it to become the most valued private sector bank in India.

ICICI Bank raises balance requirement to maintain a Savings A/c

15 apr 2008

ICICI BranchIn a move which would affect 15% of its total savings banks account, ICICI Bank has increased the minimum quarterly average balance required for its savings accounts from current Rs.5,000 to Rs.10,000 w.e.f.

DCB merging with larger bank – impending action

10 apr 2008

After the recent Centurion Bank of Punjab merger with HDFC Bank, there are talks that Development Credit Bank, a mid-sized private sector bank may merge with a larger private sector or a foreign bank before 2009.

Reliance mPay – Use your Reliance Mobile as a virtual HDFC Bank credit card

19 feb 2008

In yet another step forward towards mobile banking, Reliance Communications and HDFC Bank have launched India’s first virtual credit card. Anyone who has a HDFC Bank credit card and a Reliance mobile can use this service and as per current estimates, around 15 lakh people qualify under this.