Explore Business Standard
ICICI Bank's consolidated net profit increased by 9.28 per cent to Rs 14,755 crore in the March quarter, according to an exchange filing on Saturday. It had reported a consolidated net profit of Rs 13,502 crore in the year-ago period. On a standalone basis, the second-largest private sector lender's net profit rose 8.5 per cent to Rs 13,702 crore compared to Rs 12,630 crore in the year-ago period. For the recently ended fiscal year 2025-26, its post-tax profit increased 6.2 per cent to Rs 50,147 crore from Rs 47,227 crore in FY25. In the reporting quarter, the bank posted an 8.4 per cent increase in the core net-interest income to Rs 22,979 crore, while the non-interest income, excluding treasury, rose 5.6 per cent to Rs 7,415 crore. The operating expenses grew 12 per cent to Rs 12,089 crore for the reporting quarter. From an asset quality perspective, the gross non-performing assets ratio improved to 1.40 per cent from 1.53 per cent in December and 1.67 per cent a year ago. Its
The combined market valuation of eight of the top-10 most valued firms surged by Rs 4,13,003.23 crore last week, with HDFC Bank and ICICI Bank emerging as the biggest gainers, in tandem with an optimistic trend in equities. Last week, the BSE benchmark Sensex jumped 4,230.7 points or 5.77 per cent, and the NSE Nifty surged 1,337.5 points or 5.88 per cent. "Sentiment remained buoyant amid optimism surrounding a temporary USIran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. A sharp decline in crude oil prices below the USD 100 mark eased domestic concerns and triggered a strong rebound across markets, he added. From the top-10 pack, HDFC Bank, Bharti Airtel, State Bank of India, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Reliance Industries and Infosys faced erosion from their ...
ICICI Bank CEO Sandeep Bakhshi on Thursday said India is in a "Goldilocks moment" marked by robust economic growth and rising global confidence, reflecting a well-balanced and resilient economic environment. He highlighted the transformative role of India's digital public infrastructure, including Aadhaar and UPI, in advancing financial inclusion, enhancing efficiency, and fostering innovation across sectors. Bakshi was addressing the ninth annual convocation of the Indian Institute of Management (IIM) Jammu. A total of 520 students were conferred degrees across programmes, including 289 students from the MBA programme, 77 from MBA (Hospital Administration & Healthcare Management), 31 from the Executive MBA programme, 123 from the Integrated Programme in Management (IPM), and 121 students from the 3rd IPM batch, 2023-2026, marking a proud moment for the institute and its stakeholders. Also, a female scholar, Dimple, was awarded a PhD in Management in the area of Organizational ...
ICICI Bank CEO Sandeep Bakhshi on Saturday said India's strong growth has been driven by human capital and digital progress. Bakhshi said this at the 70th Annual Convocation ceremony of XLRI here. The ICICI Bank CEO was conferred with the prestigious Sir Jehangir Ghandy Medal for Industrial and Social Peace, XLRI's highest honour, recognising outstanding contributions to industry and society. Addressing the gathering, Bakhshi highlighted India's strong growth driven by human capital and digital progress. He urged graduates to embrace continuous learning, stay resilient and focus on excellence over comparison. Emphasising humility, compassion and 'seva bhav', he called upon students to lead with purpose while upholding XLRI's values. Tata Steel CEO & MD T V Narendran, who is also the Chairman, Board of Governors, XLRI Jamshedpur, highlighted that graduation marks a pivotal transition where future outcomes will be shaped by individual choices and values. He underscored the growing