Stock market analysts have maintained ‘buy’ rating on ICICI Bank stock with an intraday target of Rs 588. 

According to them, interested traders can purchase the stock above Rs 576 with a strict stop loss of Rs 557. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 602. 
 
Shares of the company, on Thursday (Sep 18), closed at Rs 575.85 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 4581171. Current EPS & P/E ratio stood at 36.93 and 16.06 respectively. The share price has seen a 52-week high of Rs 1465 and a low of Rs 515.10 on BSE. 

The interest rates on foreign currency non-resident FCNR (B) account deposits and non resident external (NRE) term deposits were raised by State Bank of India (SBI) on Wednesday, to come into effect from today.

 FCNR (B) deposits in US Dollar, which matures in 1-2 years, had rate of interest raised from 2.46 percent, to 2.96 percent.

According to a press released statement, “Rates for deposits having a 2-3 years, 3-4 years and 4-5 years tenures have been hiked to 3.06 percent (2.56), 3.38 per cent (2.88) and 3.6 per cent (3.10) respectively.”

Seoul - Britains's HSBC Holdings Plc said Friday it has withdrawn from a deal to buy a 51 per cent stake in Korea Exchange Bank (KEB), due to falling asset values amid the global credit crisis.

"Taking into account all relevant factors including current asset values in world financial markets... HSBC Asia exercised its right to terminate the acquisition agreement with immediate effect," the bank said in a statement.

A year ago HSBC agreed to buy KEB, Korea's fifth largest lender, for 6.3 million dollars from US buyout fund Lone Star Funds, but the deal has been stalled over legal disputes stemming from the Lone Star's 2003 purchase of KEB.

Berlin  - The German government's own bank, KfW, suspended two top executive officers from their duties Thursday after blunders that lost KfW 770 million dollars in the Lehman Brothers failure.

In the worst blunder, KfW deposited 350 million euros with Lehman on Monday, just hours before Lehmann declared itself insolvent, although the Lehman failure had been Sunday's top world news story.

London  - Britain's Lloyds TSB Bank agreed Thursday to take over ailing mortgage lender HBOS in a giant merger sparked by the escalating market turmoil following the collapse of US Lehman Brothers this week.

The mammoth deal, backed by the government, is widely seen as a rescue operation for HBOS, Britain's biggest mortgage lender, and comes amid a near-unprecedented week of financial turmoil which saw a run on the group's shares.