I don’t get to watch much of TV these days. Not because of the strike of soaps, but because of a busy schedule. Who am I kidding? I like watching TV and I have a addiction problem. That is the reason why I don’t watch it these days. Anyway’s, long story short, I was [...]
Norway will be investing $2bn in Indian equity in the next three months. This would be done through their sovereign wealth fund. This fund comes from the surplus money of the Norway government’s pension plan.
The total amount of money with sovereign wealth funds in the world is estimated to be close to 3 trillion dollars. [...]
This is the email I got from ICICI Bank about the recent rumors. I am posting the text of the mail below.
Dear Customer,
We are aware that you are being misled by numerous malicious and baseless rumors. Many of these are via SMSes. Many of our customers have written in to us expressing solidarity and confidence [...]
ICICI bank is down 26% as I type this, trading at 336. ICICI Bank has released at least 3 public statements in the last 2 weeks. RBI has issued a statement about the banks liquidity. Chanda Kochar has just addressed press in yet another statement emphasizing on the liquidity. She also said that the bank [...]
What is common between bombs in India and banks across the world? They are exploding without fail. You cannot pass a single moment be it the paper, net or TV without hearing a bomb blast in an Indian city and a bank collapse in another country. The banking collapse is caused by CDS (Credit Default [...]
People were really worried about the health of ICICI bank. I have posted about this 2 days earlier. Since then, ICICI has released a press statement; RBI has released a press statement about the health of ICICI. Chanda Kochar, joint managing director of ICICI bank has given a statement about the exposure to Lehman Brothers. KV [...]
What goes up must come down.
Read the rest of the post with a pinch of salt and a lot of caution. ICICI Bank shares fell to a 52 week low to 483. It has gone to its first follow on public offer levels.
Many ATM’s in Hyderabad stopped dispensing cash. People are obviously worried. This is remniscent [...]
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