TPG, backed by GIC and ICICI Bank, to acquire Aseem Infrastructure from NIIF, strengthening its push into India's climate and infrastructure financing
ICICI Prudential Life will seek IRDAI approval to reclassify Prudential as an investor after the UK insurer agreed to acquire a 75 per cent stake in Bharti Life Insurance
ICICI Bank will become the fourth commercial bank to take advantage of RBI's concessional swap window for overseas foreign currency borrowing
The lender is expected to raise at least $500 million through a likely five-year bond issue, according to the bankers familiar with the matter
Ban stocks are in the spotlight today as the RBI allowed domestic lenders to extend loans to non-residents against foreign currency deposits, including via their offshore branches.
Private banking and select IT stocks led market pullback on Wednesday as lower oil prices, and hopes of India-US trade deal lifted sentiment.
In the past one month, ICICI Bank outperformed the market by surging 9 per cent, as compared to 1 per cent rise in the Nifty 50.
The medium-term outlook for the banking sector remains constructive, supported by healthy credit growth, stable asset quality and improving liquidity conditions, says Motilal Oswal.
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1.90 lakh crore last week, with ICICI Bank stealing the show, in tandem with a rally in equities. Last week, the BSE benchmark Sensex jumped 1,284.61 points, or 1.73 per cent, and the NSE Nifty surged 256.2 points, or 1 per cent. "Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Investor confidence improved on optimism surrounding a potential USIran peace deal, which raised hopes of easing geopolitical tensions and stabilising energy markets, he added. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Tata Consultancy Services (TCS)
In the past one week, the Nifty Bank outperformed the market by gaining nearly 3%, as against 0.05% decline in the Nifty 50.
Lenders are raising FCNR(B) deposit rates following the RBI's special swap window, with some private banks offering rates above 6 per cent to attract NRI inflows
Unichem Laboratories, Aegis Logistics and ICICI Bank were among the volume toppers on the BSE and NSE on Thursday.
Bajaj Finance, Shriram Finance, Cholamandalam Investment, REC and Power Finance Corporation were up between 2.5 per cent 4 per cent in intra-day deals on Friday.
Stocks to watch, June 5: Banks, auto, realty, consumer durables, Groww, Tata Steel among others to remain in focus today
Market regulator Sebi has warned ICICI Bank for allowing an FPI to repatriate funds before completion of the committed retention period under the Voluntary Retention Route
ICICI Bank shares gained after RBI approved the reappointment of Sandeep Bakhshi as MD & CEO for another two years starting October 2026
Credit card spends rose 7.06 per cent year-on-year in April 2026, driven by growth in PoS and e-commerce transactions, according to RBI data
Growing discomfort among banks over eroding interchange income
Mutual funds increased exposure to select banking stocks in April while trimming holdings in IT, metals and industrial companies after recent market movements
ICICI Bank reaffirmed its long-term commitment to ICICI Prudential Life Insurance after Prudential plc announced plans to reduce its stake below 10 per cent