Page 11 - Icici Bank

Analysts maintain 'Buy' calls on ICICI Bank after Q3; see up to 32% upside

ICICI Bank share price: According to analysts, ICICI Bank's performance in Q3FY25 underscores its premium valuations, as it continues to outperform peers, even amid systemic concerns

Stocks to Watch, Jan 27: ICICI Bank, Indigo, BoI, Torrent Pharma, JSW Steel

Stocks to watch on January 27, 2025: Q3 standalone net profit increased to Rs 11,790 crore from Rs 10,270 crore (Y-o-Y), beating estimates of Rs 11,330 crore

Markets Today: ICICI Bank, Tata Steel Q3; FIIs; Denta Water IPO allotment

In the previous session, the Sensex declined 329.92 points, or 0.43 per cent to 76,190.46. Similarly, the Nifty50 ended the day 113.15 points, or 0.49 per cent, lower at 23,092.20

ICICI Bank's net profit up 14.8% to Rs 11,792 crore in Q3FY25, NII up 9.1%

ICICI Bank's net interest margin dropped marginally by 2 basis points to 4.25 per cent in Q3 compared to 4.27 per cent in the previous quarter, margins to stay stable until rate cut cycle starts

ICICI Bank Q3FY25 results: Net profit rises 15% to Rs 11,792 crore

ICICI Bank on Saturday reported 15 per cent rise in standalone net profit at Rs 11,792 crore for the third quarter ended December 2024. The second-largest private sector lender had earned a net profit of Rs 10,272 crore in the same quarter a year ago. Total income increased to Rs 48,368 crore from Rs 42,792 crore in the same period a year ago, ICICI Bank said in a regulatory filing. Interest income increased to Rs 41,300 crore during the quarter under review as compared to Rs 36,695 crore in the year-ago period. On the asset quality front, the bank's gross non-performing assets ratio improved to 1.96 per cent as against 2.3 per cent a year ago. Similarly, net NPAs, or bad loans, came down to 0.42 per cent from 0.44 per cent at the end of the third quarter last fiscal year. However, the overall provisions, excluding tax increased to Rs 1,227 crore during the quarter from Rs 1,049 crore a year ago. Provision coverage ratio on non-performing loans was 78.2 per cent as on December

Stocks to Watch, Jan 24: ICICI Bank, Dr Reddy's, HPCL, Indus Towers, HFCL

Dr Reddy's Laboratories reported its consolidated Q3 results with a 2.5 per cent rise in profit to Rs 1,413.3 crore compared to Rs 1,378.9 crore in the same period last year

After Axis, HDFC Bank, investors eye ICICI Bank Q3 results; what to expect?

ICICI Bank Q3 results preview: ICICI Bank is scheduled to report its December quarter results on Saturday, January 25, 2025

ICICI Bank shares fall nearly 3%, hits four-month low ahead of Q3 results

The stock price of the private sector lender is trading at its lowest level since September 9, 2024 and has corrected 11% from its previous month high of Rs 1,350.20 touched on December 16.

Mcap of 4 of top-10 most valued firms erode by Rs 96,605 cr; HDFC Bank hit

The combined market valuation of four of the top-10 most valued firms eroded by Rs 96,605.66 crore last week, with HDFC Bank taking the biggest hit. While Tata Consultancy Services (TCS), HDFC Bank, ICICI Bank and State Bank of India suffered erosion from their valuation, Reliance Industries, Bharti Airtel, Infosys, ITC, Life Insurance Corporation of India (LIC) and Hindustan Unilever were the winners. Together they added Rs 82,861.16 crore in combined market valuation. The market valuation of HDFC Bank tumbled Rs 37,025.46 crore to Rs 13,37,919.84 crore. ICICI Bank's valuation slumped Rs 29,324.55 crore to Rs 8,93,378.50 crore. The market capitalisation (mcap) of TCS tanked Rs 24,856.26 crore to Rs 14,83,144.53 crore and that of State Bank of India declined Rs 5,399.39 crore to Rs 7,08,168.60 crore. However, the mcap of Reliance Industries surged Rs 41,138.41 crore to Rs 16,93,373.48 crore. The valuation of Hindustan Unilever soared Rs 15,331.08 crore to Rs 5,65,194.18 crore. T

Jefferies sees rate cuts in India in 2025; ups HDFC, ICICI Bk target price

Bank stocks today: Jefferies has retained its 'Buy' ratings on Axis Bank, ICICI Bank, HDFC Bank, and SBI, It has upgraded Kotak Bank and downgraded Bank of Baroda

Mcap of 5 of top-10 most valued firms climb to Rs 1.13 trn; Airtel shines

Five of the 10 most valued firms added Rs 1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show. While Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, ICICI Bank and Infosys were the gainers, Reliance Industries, State Bank of India, Life Insurance Corporation of India (LIC), ITC and Hindustan Unilever took a hit in their valuations. Last week, the BSE benchmark gained 623.07 points or 0.76 per cent and the Nifty advanced 90.5 points or 0.36 per cent. The market valuation of Bharti Airtel surged by Rs 47,836.6 crore to Rs 9,57,842.40 crore. Infosys added Rs 31,826.97 crore to its valuation at Rs 8,30,387.10 crore. HDFC Bank's valuation rose by Rs 11,887.78 crore to Rs 14,31,158.06 crore and that of ICICI Bank increased by Rs 11,760.8 crore to Rs 9,49,306.37 crore. The market capitalisation (mcap) of TCS climbed Rs 9,805.02 crore to Rs 16,18,587.63 crore. However, the mcap of Reliance Industries declined by Rs 52,031.98 crore

ICICI Bank's board approves 19% stake sale in ICICI Merchant Services

The Board of Directors of ICICI Bank Limited ("the Bank"), at its meeting held today, approved a proposal for sale of 19% stake held in ICICI Merchant Services

See-saw trade: Sensex rebounds over 2,000 points from the day's low

Over 2,000 points, or 2.6%, rebound from day's low helps Sensex posts fourth straight weekly gain

10-year bond yield may fall to 6.6% if RBI eases in Feb: ICICI's Prasanna

Prasanna expects a shallow monetary easing cycle of 50 basis points, with a 25-basis-point reduction in February, and a similar one in April or June

ICICI Bank RTGS services to be down for 6 hours between December 14 and 15

During this period, bank customers can opt for NEFT, IMPS, or UPI through iMobile or Internet Banking as alternative options

ICICI Bank offices searched by Maharashtra GST authorities, probe underway

Maharashtra GST authorities conducted searches at three ICICI Bank offices on Thursday. The bank said that it is cooperating with the investigation, but details of the probe remain undisclosed

No criminal conspiracy by ICICI officials in NDTV loan repayment case: CBI

There was no collusion, criminal conspiracy or abuse of position by officials of ICICI Bank in accepting repayment of a loan at a reduced rate of interest from promoters of NDTV Prannoy Roy and Radhika Roy, the CBI has concluded in its closure report in the 2017 case. The CBI FIR registered on the basis of a complaint from Sanjay Dutt of Quantum Securities Ltd had alleged that ICICI Bank had sanctioned a loan of Rs 375 crore in 2008 against the entire 61 per cent shareholding of the promoters as collateral. The bank had allegedly accepted the repayment of the loan by reducing the interest rate from 19 per cent per annum to 9.5 per causing a wrongful loss of Rs 48 crore to the bank and corresponding gain to the promoters, it had said. The central investigation agency after nearly seven years of probe came to the conclusion that the reduction of the rate of interest from from 19 per cent to 9.65 per cent as approved on August 5, 2009 was based on various factors -- borrowers' inabili

SBI, HDFC Bank, ICICI Bank continue to be systemically important: RBI

RBI had classified SBI and ICICI Bank as domestic systemically important banks (D-SIBs) in 2015 and 2016, respectively. In 2017, HDFC Bank was also classified as a D-SIB

SBI, HDFC, ICICI remain Domestic Systemically Important Banks in 2024: RBI

State Bank of India, HDFC Bank and ICICI Bank have again been named as Domestic Systemically Important Banks (D-SIBs) by the Reserve Bank of India. The Reserve Bank on Wednesday came out with the list of D-SIBs. Inclusion in the list requires the lenders to maintain higher Common Equity Tier 1 (CET1) in addition to the capital conservation buffer as per the bucket under which it has been classified. The State Bank of India (SBI) continues to be in bucket 4, which will require the country's largest lender to keep an additional CET1 of 0.80 per cent, as per the list. HDFC Bank, the largest private sector lender, continues to be bracketed in bucket 2, under which it will have to maintain a higher CET1 by 0.40 per cent. The Central bank said the higher D-SIB surcharge for SBI and HDFC Bank will be applicable from April 01, 2025. "Hence, up to March 31, 2025, the D-SIB surcharge applicable to SBI and HDFC Bank will be 0.60 per cent and 0.20 per cent, respectively," it said. ICICI Bank

Mcap of 6 of top 10 most valued firms up Rs 1 trn; State Bank, ICICI on top

The combined market valuation of 6 of the top-10 most-valued firms surged Rs 1,07,366.05 crore last week, with State Bank of India and ICICI Bank becoming the biggest gainers. Leading stock exchanges BSE and NSE conducted a one-hour special 'Muhurat Trading' session on the occasion of Diwali on November 1, marking the start of the new Samvat 2081. Last week, the BSE benchmark climbed 321.83 points, or 0.40 per cent. While Reliance Industries, ICICI Bank, State Bank of India, ITC, Hindustan Unilever, and Life Insurance Corporation of India (LIC) were the gainers, Tata Consultancy Services (TCS), HDFC Bank, Bharti Airtel, and Infosys faced erosion from their market valuation. The valuation of State Bank of India jumped Rs 36,100.09 crore to Rs 7,32,755.93 crore. ICICI Bank added Rs 25,775.58 crore to Rs 9,10,686.85 crore in its market valuation. LIC's valuation surged Rs 16,887.74 crore to Rs 5,88,509.41 crore and that of Reliance Industries soared Rs 15,393.45 crore to Rs 18,12,12