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HDFC among world's top 10 consumer financial services firms

HDFC among world's top 10 consumer financial services firms

 Mortgage lender HDFC Ltd has been ranked among the world's ten biggest and most powerful companies in the consumer financial services sector on a Forbes list topped by global major American Express.

Chinese banks freeze North Korean accounts: Report

Chinese banks including a branch of China`s biggest bank Industrial and Commercial Bank of China (ICBC) have frozen accounts belonging to North Koreans, a South Korean newspaper reported on Monday.

Chinese banks bears brunt of economic slowdown

Bad loans have continued to increase due the economic headwinds.

Cashing out: Millions 'disappear from China bank accounts'

A businesswoman deposited the equivalent of almost USD 2 million at a branch of China's largest bank but only USD 20 remained after most of it was transferred without her authorisation, state media reported.

Airtel clinches $2.5 billion Chinese financing deals

Bharti Airtel on Saturday said it has received financing commitments of up to USD 2.5 billion from China Development Bank and Industrial and Commercial Bank of China, with an average maturity of about nine years.

China banks' bad loans surge, credit crunch could spread west

Bank of Communications Co Ltd (BoCom) and Industrial and Commercial Bank of China (ICBC) reported their biggest quarterly increase in bad loan levels in two years as China`s economic slowdown stretched more companies` ability to repay debts.

China`s ICBC 2013 full-year net profit up 10.2%

The Industrial and Commercial Bank of China, the country`s biggest lender by assets, said on Thursday its net profit rose 10.2 percent last year, amid "still-complicated" global economic situation.

Default on $500 mn Chinese investment scheme 'averted'

A looming default on a USD 500 million Chinese investment product sold by China's largest bank ICBC to hundreds of investors appears to have been averted days ahead of deadline, according to a document.

Top Chinese banks post impressive profits

The Industrial and Commercial Bank of China (ICBC), the country's largest lender, posted a profit of 138.5 billion yuan (USD 22.3 billion), registering a year-on-year increase of 12.4 percent.

Goldman Sachs sells remaining stake at China's ICBC

Ending a seven-year old investment, Goldman Sachs Group Inc sold its remaining shares in Industrial and Commercial Bank of China.

China's ICBC is world's most profitable bank

Net profit of the Industrial and Commercial Bank of China (ICBC), the largest global lender by market value for 2012, rose by 14.5 percent year-on-year to reach 238.7 billion yuan (USD 38.07 billion) cementing its position as the world's most profitable bank.

Russia's Gazprom world's most profitable firm in 2011

Gazprom netted USD 44.46 billion in profits last year, compared to USD 41.6 billion generated by ExxonMobil, which was the world's most profitable company in 2010.