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ICICI’s Kochhar targets ‘big opportunity’

ICICI’s Kochhar targets ‘big opportunity’

ICICI has trebled its domestic branch network in the past three years and expanded its international operations to 18 countries. ICICI chief executive, Chanda Kochhar, talks to MaryRose Fison about how the lender will take advantage of India’s burgeoning growth and cement its position as the country’s largest private sector bank


Latest Headlines

Shinsei swings back into profit

Mid-sized Japanese lender Shinsei has posted first quarter net profits of ¥13.9bn ($160.4m) for the three months to 30 June, more than double the ¥5.2bn net earnings reported in the same quarter last year.

State Bank of India targets UK growth

State Bank of India (SBI), India’s largest lender, is to grow its seven-branch-strong UK network to 12 outlets. As a result, the UK will become SBI’s largest international market.

‘Virgin Bank’ launch “on track” for 2011

Virgin Money has said that its long-planned foray into mainstream UK retail banking is on course for a launch in 2011.

Santander nets €4.4bn H1 profits, deposits up 23%

Santander has reported a resilient set of first half results, with net profits of €4.44bn ($5.8bn) down by only 1.6% from the year ago period.

Deutsche’s PBC unit posts “best quarterly result”

(Free) Deutsche Bank reported net income of €1.2bn ($1.5bn) for the second quarter of fiscal 2010, up 8.3% from €1.1bn in the year ago quarter, but ahead of analysts’ forecasts

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Latest Features

Erste launches new ad campaign

Erste has launched a new advertising campaign to run across all of the Central and Eastern European countries in which the bank operates. Philip List, head of group marketing at Erste, tells Douglas Blakey it is the first marketing campaign from the bank to incorporate social media such as Facebook

Positive US retail banking interims

In contrast to a year ago, half-year results from the biggest US retail banks show an improved performance from their consumer finance units compared to their investment banking divisions. But the year to date has witnessed the failure of 103 US banks, up from 72 at the same stage in 2009. Douglas Blakey reports

Newcastle unveils next-gen debit card

Newcastle Building Society will be the first UK card issuer to roll out MasterCard’s innovative digital display debit card. Kriya Patel, head of the society’s Card Solutions department, tells Douglas Blakey he wants to see the digital display card extended to the prepaid market as soon as possible

 

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