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Unsecured Bank Loans News

ICICI Bank Profit Rises 17% After Paring Provisions

ICICI Bank Ltd., Indias second- biggest lender, said first-quarter profit rose 17 percent, as it cut provisions and increased fee income.

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Bank officials justify Thomas loan as marketing maneuver

Two bank employees testified in New London Superior Court Wednesday that seeking a "foothold in Foxwoods" by granting multimillion-dollar loans to Michael Thomas, the former chairman of the Mashantucket Pequot Tribal Nation, was intended to boost Sovereign Bank's visibility in the Connecticut lending market, not improperly steer casino business to the bank.

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After SBI, IDBI taps overseas mkt

Following State Bank of India, IDBI Bank is now raising funds from the overseas markets. The bank's US dollar-denominated senior unsecured bonds will be issued through its branch in the Dubai International Financial Centre under the bank's $1.5-billion medium-term note programme.

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