Brian Hunsaker News
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Raghavendra Deshpande took a 20-year home loan in 2005 to buy a two-bedroom apartment in Mumbai. He plans to have it all repaid within three years.
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State Bank of India , the nation’s biggest lender, is poised to name 36-year veteran Pratip Chaudhuri as chairman as competition from rivals including ICICI Bank Ltd. intensifies.
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Billionaire Uday Kotak, not content with 35 percent margins and a No. 1 ranking underwriting Indian IPOs, is aiming to increase profit next year at both his investment bank and commercial-lending businesses.
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ICICI Bank Ltd. Chief Executive Officer Chanda Kochhar says it doesn’t seem so long ago that she was worrying that she wouldn’t be able to handle her job at what’s now India’s largest nongovernment lender while managing her household and caring for her infant son.
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The following companies may have unusual price changes in India trading . Stock symbols are in parentheses and share prices are as of the last close .
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State Bank of India , the nation’s largest lender, plunged in Mumbai trading after fourth-quarter profit dropped 99 percent to the lowest in at least 10 years as it set aside more funds for bad loans.
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State Bank of India, the nation’s largest lender, dropped in Mumbai trading as bad loans expanded and capital buffers shrank in the third quarter.
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ICICI Bank Ltd. , India’s second- biggest lender, climbed the most in more than a month in Mumbai trading after first-quarter profit rose 17 percent as it cut provisions and increased fee income.
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The arrest of eight Indian bankers and brokers following a bribery probe triggered the biggest daily jump in benchmark credit-default swaps since June amid concern investigators will find evidence of bad loans.
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ICICI Bank Ltd., India’s second- largest lender by assets, said second-quarter profit rose 22 percent to a record as loans increased and it reduced provisions for bad debt.
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