Page 15 - Icici Bank

RBI, Mumbai banks receive bomb threat demanding resignation of FM

Mumbai Police are investigating an email claiming bombs planted have been at 11 locations, calls for resignation of RBI governor and finance minister

Stocks to Watch: Allcargo Logistics, Mazagon Dock, Cochin Ship, Inox India

Stocks to Watch on December 21, 2023: Inox India will make its debut on the bourses today; Ultratech Cement has entered into an agreement to acquire 26 per cent stake in Clean Max Terra

ICICI Bank faces Rs 7.47 cr GST demand from Maharashtra department

The demand is based on the disallowance of input tax credit claimed, as per the GST audit conducted by the Maharashtra GST Department

Several banks raise FD rates in December, offer up to 8% interest

On Monday, Kotak Mahindra Bank raised fixed deposit (FD) interest rates by up to 85 basis points. Kotak Mahindra customers can now earn up to 7.80 per cent on senior citizen FDs

Supreme Court dismisses Chanda Kochhar's plea for retirement benefits

The bench, however, said 'no interference' is required and dismissed the appeal

SC dismisses Chanda Kochhar's plea for retirement benefits from ICICI bank

The Supreme Court on Friday refused to entertain former ICICI bank managing director and CEO Chanda Kochhar's plea seeking retirement benefits from the bank. A bench of Justices Sanjiv Khanna and SVN Bhatti said, "Not a case for interference. We are not inclined to interfere with the high court order. The special leave petition is dismissed." At the outset, senior advocate Harish Salve, appearing for Kochhar said the high court had dismissed the petition without any discussion or finding. The bench said it has seen the facts involved and the case does not warrant any interference. Kochhar has challenged the Bombay High Court's May 3 order, which dismissed her petition saying grant of any interim relief to her would cause irreparable damage and prejudice to the bank. Meanwhile, another top court bench headed by Justice Bela M Trivedi adjourned the hearing on a separate plea filed by CBI challenging grant of interim bail to Kochhar. The plea of the probe agency will now be heard on

Nomura hikes India exposure; M&M, Fortis, UNO Minda among favourites

Reliance Industries is Nomura's biggest exposure where the research and broking house has a 4.5 per cent weight

Nifty hits new all-time high: Here's a look at stocks that drove the rally

Nifty hits fresh record high: Since September 15, automobile and energy linked stocks have outperformed the markets

Jaiprakash Associates signs agreement to partly repay dues to ICICI Bank

To get 18.9 crore shares which was pledged

Jaiprakash Associates to give 7.71% stake to ICICI Bank to settle part loan

Crisis-hit Jaypee Group's flagship firm Jaiprakash Associates Ltd (JAL) will give 7.71 per cent stake, worth Rs 366 crore at current market price, in the company to ICICI Bank to clear part of the outstanding loan. According to sources, ICICI bank has an exposure of around Rs 3,000 crore in JAL, which is into many businesses including cement, construction, hotels and real estate. In a regulatory filing, JAL on Tuesday informed that the company has entered into a settlement agreement with ICICI Bank and will transfer over 18.93 crore shares to the bank. "...with a view to give thrust to the ongoing efforts of the company to reduce its debt, the company, along with Trusts holding 18,93,16,992 equity shares of the company have entered into a Settlement Agreement with ICICI Bank (lender) to transfer the said shares to lender," JAL said. The share price of JAL stood at Rs 19.35 apiece on the BSE on Monday. At Monday's price, the value of 18.93 crore shares is Rs 366 crore. The ...

JP Associates inks pact with ICICI Bank, to transfer 189 million shares

Currently, JP Associates owes nearly Rs 29,000 crore to key lenders such as State Bank of India (SBI), ICICI Bank, and IDBI

ICICI Bank gets RBI nod to make ICICI Securities wholly-owned subsidiary

ICICI Bank on Thursday said ICICI Securities will be its wholly owned subsidiary following the approval of the Reserve Bank of India. The ICICI Bank on June 29 had approved a proposal to delist ICICI Securities and become a wholly-owned subsidiary of the bank after delisting. The bank has received approval from the RBI for making ICICI Securities a wholly owned subsidiary, subject to certain conditions, ICICI Bank said in a regulatory filing. "Certain other statutory/regulatory approval(s), as required under applicable laws, are awaited," it said. ICICI Securities, promoted by ICICI Bank, is the country's leading retail-led equity franchise, distributor of financial products and investment bank.

Will your EMI go up? ICICI Bank and Bank of India raise lending rates

ICICI Bank has increased its MCLR by 5 basis points for all tenures. According to ICICI Bank's official website, the overnight and one-month MCLR rates are now at 8.50 per cent

Outweighing HDFC Bank, better return ratios: How analysts see ICICI Bank Q2

Over the past three months, shares of ICICI Bank have slipped 6.7 per cent on the bourses as against HDFC Bank's 10.14 per cent correction

Sensex sinks 826 pts, Nifty ends below 19,300; SmallCap index slides 4%

Stock market live on October 23, 2023: At 7:15 am, the Gift Nifty futures were nearly flat at 19,520 levels

Stocks to Watch today: ICICI Bank, Hudco, NDTV, ABFRL, Samvardhan, Paytm

Stocks to Watch on Monday, October 23, 2023: Paytm said its revenue increased 32 per cent YoY to Rs 2,519 crore in the second quarter, with its consolidated net loss narrowing to Rs 291 crore

ICICI Bank Q2 net profit rises 35.8% on lower provisioning, higher income

Bank reported 23.81% increase in net interest income

ICICI Bank Q2 results: Net profit jumps 36% to Rs 10,261 cr, NII up 24%

Private sector lender ICICI Bank on Saturday reported a 36 per cent rise in standalone net profit to Rs 10,261 crore for the September 2023 quarter, aided by an improvement in interest income. The Mumbai-based lender had posted a net profit of Rs 7,558 crore in the year-ago period. The total income in the second quarter of the current fiscal rose to Rs 40,697 crore from Rs 31,088 crore in the same period a year ago, ICICI Bank said in a regulatory filing. Interest earned by the bank improved to Rs 34,920 crore from Rs 26,033 crore in the September 2022 quarter. Its net interest income (NII) increased by 24 per cent year-on-year to Rs 18,308 crore in the quarter against Rs 14,787 crore in the corresponding quarter a year ago. At the same time, the net interest margin rose to 4.53 per cent compared to 4.31 per cent in the same period a year ago. The bank's asset quality showed improvement as gross non-performing assets (NPAs) declined to 2.48 per cent of gross advances at the end o

RBI imposes fines on Kotak Mahindra Bank, ICICI Bank for violating norms

ICICI Bank was also found marketed and engaged in the sale of non-financial products and failed to report frauds to the RBI within the prescribed timelines

ICICI Bank launches 'Festive Bonanza' with offers up to Rs 26,000

Further, the bank will also be introducing special festive offers on its home loans, auto loans, and two-wheeler loans