Banking Sector

HDFC Closes First International Realty Fund At $800 Mn

HDFC BankMumbai: The Housing Lender HDFC today announced closure of its first sponsored HDFC International Real Estate Fund (HIREF) at $800 million, which would be invested in FDI-compliant Indian real estate plans.

According to a company release, the fund makes HDFC the biggest player in the realty private equity space in India.

One of the prime international realty pools, the nine-year close-ended fund, which was open only to foreign investors had been privately placed and subscribed by 28 investors.

ICICI Bank Can Evade RBI’s Holding Co Order

ICICI Bank ICICI Bankmay possibly form the alternative banking holding structure that the Reserve

RBI Okays CBoP, Lord Krishna Bank Merger

Mumbai: Lord Krishna BankThe Reserve Bank of India (RBI) has appro

Multi-Layered Arrangement Not In Investors’ Favour – RBI

Reserve Bank of IndiaMumbai: The Reserve Bank of India (RBI) is not supporting

Sensex Gains 225 Pts in early trade, Banking Sector among gianers

ICICI to Employ over 20,000 Annually

ICICI BankICICI Bank, the country’s second-biggest banking group, plans to hire 20,000-30,000 staff in the current fiscal.

The bank would employ between 75,000 and 1,00,000 direct employees in the coming years. If indirect staffs that comprise insurance agents are added, the bank’s total employee force would be about half-a-million in some years.

KV Kamath, Managing Director and CEO, ICICI Bank said the banking group its realty needs accordingly.