1. ICICI Bank has reported a 30% rise in net profit at Rs 755.01 crs in the second quarter against Rs 580.05 crs in the same period last year. The increase in profit was contributed mainly by higher interest and fee income.
2. A salary revision and spate of redesignations in HDFC Bank have once again stoked rumours of a possible reverse merger of the parent HDFC with the bank. Even though the market and banking circles have been betting on it for quite some time now, both HDFC and HDFC Bank have denied any move towards a merger in response to a report filed by a news agency.
2. A salary revision and spate of redesignations in HDFC Bank have once again stoked rumours of a possible reverse merger of the parent HDFC with the bank. Even though the market and banking circles have been betting on it for quite some time now, both HDFC and HDFC Bank have denied any move towards a merger in response to a report filed by a news agency.
