Banking Sector

SBI To Raise $44 b In 5 Yrs

Mumbai: State Bank of India Stock ChartAccording to the sources, State Bank

SBI Cards Increasing Presence To 150 Cities

SBI CardsNew Delhi: SBI Cards, a joint venture between SBI and GE Money aims to strengthe

Canara Bank Alters Interest Rates

Canara BankBangalore: Today, Canara Bank annunciated the modified rates of interest on domestic

Centurion Bank reduces Depository Interest Rates

Centurion Bank of PunjabMumbai: Indian private sector lender Centurion Bank of Pu

Stay invested in ICICI Bank for Long Term, Says Agarwal

Rajesh Agarwal ICICI Bankof CD Equisearch has suggested the shareowners to stay invested in ICICI Bank for long term.

Agarwal told, “In ICICI Bank funds, but because of interest rates stabilizing the margins will be better this time. It is currently quoting at a PE of 28, I think the bank has a very good long-term prospect and one could hold for a long term. The price target would be in the range of Rs 1,100-1,150 in a period of 6-9 months.”

Bank Credit Climb Up 23.2% As On Jul 27

The credit paid out by scheduled commercial banks climbed up 23.2% to Rs 3,608.88 billion on yearly basis as on Jul. 27, 2007, which is under the growth of aggregate deposits of 25.7%.

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