E-PaperIcb News
China’s biggest bank makes inroads into India market
The Beijing-based bank saw its loan book grow 42% in a year to ₹1,250 crore in FY19ICBC also has 1,504 crore invested in government securities, including ₹45 crore kept with RBI under Section 11(2) (b) of the Banking Regulation Act
2 min read23 Jun 2020Chinese funds make their way into India as ICBC's assets rise
Industrial and Commercial Bank of China’s loanbook through its India branch grew 42% to Rs1,250 crore in FY19
2 min read22 Jun 2020Chinese bank sets up $200 million fund for investing in Indian MSMEs
ICBC opened its branch in Mumbai in 2011
1 min read13 Nov 2018Lenders must evaluate resolution of insolvent EPC firms on case-to-case basis
Most EPC project contracts provide for clauses which enable their clients to terminate such project agreements upon any commencement of insolvency proceedings
3 min read31 Jul 2018North Korea says will stop nuclear, missile tests
North Korea says it has achieved its goal of developing a nuclear arsenal and is suspending further tests of atomic weapons or intercontinental ballistic missiles
4 min read21 Apr 2018India imposes new restrictions on trade with North Korea
The fresh trade sanctions by India against North Korea are in line with the restrictions imposed by the UNSC after the country undertook an intercontinental ballistic missile test last November
1 min read8 Mar 2018Vladimir Putin warns US with display of new nuclear weapons
Vladimir Putin used his state-of-the-nation speech to deliver a stern warning to the US that Russia has a series of new high-technology nuclear weapons that he said can overcome any defences
3 min read1 Mar 2018Rex Tillerson warns threat of North Korea war growing despite talks
Rex Tillerson says that advances in North Korea's nuclear programme means the situation is 'very tenuous'
3 min read17 Jan 2018North Korea signals Olympics truce, seeks talks with Seoul
While reaching out to South Korea on Winter Olympics, North Korea leader Kim Jong Un repeats claims that he could hit anywhere in the US with a nuclear weapon, calls for mass production of nuclear warheads
3 min read1 Jan 2018North Korea preparing to launch satellite: report
North Korea is preparing to launch a satellite as outside observers warn that the nuclear-armed regime's space programme is a fig leaf for weapons tests
2 min read26 Dec 2017Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared