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ICICI Bank

ICICI Bank launches pre-paid Sapphiro Forex Card for international students

Private sector lender ICICI Bank on Tuesday launched a pre-paid Sapphiro Forex Card, crafted specifically for students who are going abroad for higher education. The card, powered by Visa, provides exclusive benefits and convenience to students and their parents to manage education-related expenses abroad like admission fees, course-related fees and other day-to-day expenses, including travel, dining and groceries, among others, the bank said in a statement. The card offers the freedom of loading and transacting in 15 currencies without any cross-currency mark-up charge being levied by the bank, allowing students to conveniently travel across the globe even if they load only one currency on the card, it added. The card comes with an array of joining benefits up to Rs 15,000, along with exclusive privileges, it said. It comes with a welcome kit with two cards -- a primary and a replacement card -- that can be activated digitally through iMobile Pay, internet banking or by calling th

ICICI Bank launches pre-paid Sapphiro Forex Card for international students
Updated On : 02 Jul 2024 | 4:36 PM IST

Banks under pressure; ICICI, IndusInd, BOB, IDFC First down up to 3%

ICICI Bank, IndusInd Bank, IDFC First Bank, Bandhan Bank and Federal Bank from the private sector and Bank of Baroda PNB and SBI from the public sector slipped in the range of 1 per cent to 3 per cent

Banks under pressure; ICICI, IndusInd, BOB, IDFC First down up to 3%
Updated On : 02 Jul 2024 | 3:08 PM IST

ICICI Bank launches Sapphiro Forex Card for Indian students; details here

Powered by Visa, the card offers a range of benefits aimed at making overseas financial management simpler for students and their parents, the bank said

ICICI Bank launches Sapphiro Forex Card for Indian students; details here
Updated On : 02 Jul 2024 | 12:27 PM IST

Balancing act: Can the new HDFC Bank regain its pre-merger old glory

After a challenging year post-merger, HDFC Bank looks poised for a strategic path forward

Balancing act: Can the new HDFC Bank regain its pre-merger old glory
Updated On : 30 Jun 2024 | 10:03 PM IST

Credit cards circulation increases by 18% to 103.3 million in May

Credit card spending in May 2024 increased by 17 per cent Y-o-Y to Rs 1.65 trillion from Rs 1.55 trillion in April 2024, rising by 6.45 per cent

Credit cards circulation increases by 18% to 103.3 million in May
Updated On : 26 Jun 2024 | 11:45 PM IST

ICICI Bank stock at record high; m-cap hits $100bn. What's behind the rise?

ICICI Bank share price news: On Wednesday, June 26, ICICI Bank shares hit a fresh record high for the third consecutive day, rising 2 per cent on the BSE in the intraday trade

ICICI Bank stock at record high; m-cap hits $100bn. What's behind the rise?
Updated On : 26 Jun 2024 | 3:57 PM IST

ICICI Bank mcap tops $100 bn; becomes only sixth Indian co to hit milestone

The private sector lender joins likes of Reliance Industries, Tata Consultancy Services, HDFC Bank, and Bharti Airtel, four other domestically-listed companies with market value of more than $100 bn

ICICI Bank mcap tops $100 bn; becomes only sixth Indian co to hit milestone
Updated On : 25 Jun 2024 | 6:08 PM IST

Sensex hits 78,000: 3 reasons that led to 712-pts rally on BSE benchmark

The NSE Nifty crossed the 23,700 level for the first-time ever; while the Nifty Bank index zoomed past 52,700 levels.

Sensex hits 78,000: 3 reasons that led to 712-pts rally on BSE benchmark
Updated On : 25 Jun 2024 | 3:52 PM IST

Private banks gain up to 4%; Axis, ICICI hit new highs; HDFC nears summit

At 02:04 pm; Nifty Private Bank index was up 1.7 per cent, as compared to 0.65 per cent rise in the Nifty 50 and 0.20 per cent gain in Nifty PSU Bank index.

Private banks gain up to 4%; Axis, ICICI hit new highs; HDFC nears summit
Updated On : 25 Jun 2024 | 3:23 PM IST

ICICI Bank share price hits record high today, gains 9.5% from June 4 low

ICICI Bank has been consistently outpacing system credit growth, driven by higher growth in retail and SME segments

ICICI Bank share price hits record high today, gains 9.5% from June 4 low
Updated On : 24 Jun 2024 | 2:25 PM IST

5 private bank stocks for your portfolio; Check trading strategy here

ICICI Bank stock looks strong on charts. Among others Bandhan Bank, IDFC First Bank, IndusInd Bank and RBI Bank can rally up to 21%; check key levels

5 private bank stocks for your portfolio; Check trading strategy here
Updated On : 20 Jun 2024 | 12:10 PM IST

Mcap of BSE-listed firms hit fresh record high of Rs 437.24 trillion

The market capitalisation of BSE-listed firms hit a new record high of Rs 437.24 lakh crore on Tuesday amid an optimistic trend in equities where the BSE Sensex maintained the record-breaking run and hit another lifetime closing high level. Rising for the fourth straight session, the 30-share BSE benchmark climbed 308.37 points or 0.40 per cent to settle at a new closing peak of 77,301.14. During the day, it jumped 374 points or 0.48 per cent to hit the fresh lifetime peak of 77,366.77. The positive trend in equities took the market capitalisation of BSE-listed firms to a new record high of Rs 4,37,24,261.40 crore (USD 5.24 trillion). In four days, the investors' wealth has risen by Rs 10.29 lakh crore. "Key benchmark indices continued their record-breaking spree as renewed FII buying interest coupled with moderating domestic inflation has raised hopes of a rate cut by this year-end. "Although monsoon has made a steady start, investors are hoping for a pick-up in rain activity ove

Mcap of BSE-listed firms hit fresh record high of Rs 437.24 trillion
Updated On : 18 Jun 2024 | 7:29 PM IST

Reliance Power becomes debt free on standalone basis; clears pending dues

Reliance Power has become a debt-free company on a standalone basis clearing all outstanding dues to lenders, sources said. The company had a debt of around Rs 800 crore, which has been repaid to banks, they said. Between December 2023 and March 2024, Reliance Power signed multiple debt settlement agreements with various banks, including IDBI Bank, ICICI Bank, Axis Bank and DBS. The company has now repaid the entire debt to these banks, sources said. As a result of that, Reliance Power, on a standalone basis, has become a debt free company. In December 2023, Reliance power sold the development rights of its proposed 1,200 megawatt hydro-electric project in Arunachal Pradesh to THDC for Rs 128 crore. In March 2024, the company sold its 45 MW wind energy project in Vashpet, Maharashtra to JSW Renewable Energy for a consideration of Rs 132 crore. Proceeds from the sale of these projects were used to retire debt. With participation of over 38 lakh retail investors, Reliance Power has

Reliance Power becomes debt free on standalone basis; clears pending dues
Updated On : 10 Jun 2024 | 10:58 PM IST

Suspended board of Jaiprakash Associates moves NCLAT over insolvency order

The suspended board of debt-ridden Jaiprakash Associates has moved appellate tribunal NCLAT challenging last week's NCLT order which directed initiation of insolvency proceedings against the firm. The petition was listed before a vacation bench of the National Company Law Appellate Tribunal (NCLAT), which declined to grant an interim stay on the NCLT order. On June 3, the Allahabad bench of National Company Law Tribunal (NCLT) admitted the insolvency plea filed by ICICI Bank. The tribunal also appointed Bhuvan Madan as Interim Resolution Professional of JAL after suspending the board of the company. In September 2018, ICICI Bank had filed an insolvency petition against JAL under Section 7 of IBC. The NCLT rejected JAL's contention that it faced a liquidity crunch and defaulted on debt repayments mainly due to delays in government approvals and prolonged litigation concerning land acquisition for Yamuna Expressway and changes in government policies. It has been held by the Supreme

Suspended board of Jaiprakash Associates moves NCLAT over insolvency order
Updated On : 10 Jun 2024 | 2:29 PM IST

Stocks to watch on June 07: Bajaj Fin, Wipro, ICICI Bank, PB Fintech, RVNL

Stocks to watch on June 07: Bajaj Finance's subsidiary, Bajaj Housing Finance, approved an IPO worth of Rs 4,000 crore

Stocks to watch on June 07: Bajaj Fin, Wipro, ICICI Bank, PB Fintech, RVNL
Updated On : 07 Jun 2024 | 7:27 AM IST

Mkt regulator Sebi's warning to ICICI Bank over ICICI Securities delisting

Shareholders of the brokerage firm complained that bank officials sought screenshots and influenced them to vote in favour

Mkt regulator Sebi's warning to ICICI Bank over ICICI Securities delisting
Updated On : 06 Jun 2024 | 11:12 PM IST

Sebi warns ICICI Bank over investor outreach for ICICI Securities delisting

ICICI Securities, a subsidiary of ICICI Bank, had secured a shareholder nod in March for the delisting

Sebi warns ICICI Bank over investor outreach for ICICI Securities delisting
Updated On : 06 Jun 2024 | 5:57 PM IST

Sensex plunges over 5,000 points intraday; check factors behind the fall

The sharp drop was primarily driven by uncertainty surrounding the outcome of the Lok Sabha 2024 election results

Sensex plunges over 5,000 points intraday; check factors behind the fall
Updated On : 04 Jun 2024 | 12:25 PM IST

Adani One launches two variants of co-branded credit cards with ICICI Bank

Cardholders can get up to 7 per cent Adani reward points on spends within the Adani Group ecosystem

Adani One launches two variants of co-branded credit cards with ICICI Bank
Updated On : 03 Jun 2024 | 10:56 PM IST

Adani Group launches co-branded credit card with ICICI, offers benefits

Adani Group on Monday announced a venture into the financial sector, launching with ICICI Bank a co-branded credit card with airport-lined benefits as it looks to leverage customer touchpoints across businesses. The group's Adani One, an app to help users book tickets, check flight status, access lounges, shop duty-free products, get cabs and avail parking, and ICICI Bank launched India's first co-branded credit cards with airport-linked benefits in collaboration with Visa. "The cards come with a plethora of benefits designed to enhance the cardholders' lifestyle and elevate their airport and travel experience. They offer up to 7 per cent Adani Reward Points on spends across the Adani Group consumer ecosystem like the Adani One app, where one can book flights, hotels, trains, buses, and cabs; Adani-managed airports; Adani CNG pumps; Adani Electricity bills, and Trainman, an online train booking platform," a company statement said. In December 2022, Adani Group launched the Adani One

Adani Group launches co-branded credit card with ICICI, offers benefits
Updated On : 03 Jun 2024 | 7:45 PM IST