Page 15 - Icici Bank
HDFC Bank Group gets RBI approval to acquire 9.5% stake each in six banks
RBI's approval is valid for one year from the date of RBI's letter, i.e., till February 4, 2025
 "HDFC Bank Group gets RBI approval to acquire 9.5% stake each in six banks")
10-year govt bond yield could drop to 6.75% later in 2024: ICICI Bank
"We feel that beyond the middle of this calendar year, by the July-September quarter, we could see the benchmark bond yield touching at least 6.75% if not lower," said B. Prasanna
 "10-year govt bond yield could drop to 6.75% later in 2024: ICICI Bank")
RIL, Asian Paints, Axis Bank: Key levels to watch out for post Q3 results
As stocks turn volatile post Q3 results, watch out for these key levels on the likes of ICICI Bank, Hindustan Unilever, CoForge and UltraTech Cement among others and plan your trading strategy.
 "RIL, Asian Paints, Axis Bank: Key levels to watch out for post Q3 results")
Zydus Life, ICICI Bank: Stocks to buy in current market set-up
On the broader market outlook, Vinay Rajani technical & derivative analyst of HDFC Securities says the Nifty has confirmed a bearish trend reversal, and could see further downside in coming days.
 "Zydus Life, ICICI Bank: Stocks to buy in current market set-up")
ICICI Bank's profitability solid despite AIF provisioning, margin pressure
Ratings agency S&P said that the bank's better customer profile and underwriting compared to many Indian banking peers should also limit losses
 "ICICI Bank's profitability solid despite AIF provisioning, margin pressure")
ICICI Bank stock shines in a dull market on good performance in Q3
The net advances grew by 18.5 per cent YoY and 3.9 per cent QoQ. Deposits stood at Rs 13.3 trillion, with CASA ratio at 39.4 per cent down 20 bps sequentially
 "ICICI Bank stock shines in a dull market on good performance in Q3")
Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%
Stock market highlights on Tuesday, January 23: The BSE MidCap and SmallCap indices fell nearly 3 per cent each. Sectorally, the Nifty Media index crashed 13 per cent
 "Sensex slides 1,053 pts, Nifty ends below 21,250; ZEE plunges 31%, RIL 2%")
ICICI Bank Q3 net profit jumps 23.6% to Rs 10,272 cr, NII up 13.4%
Net Interest margins dip on rise in cost of deposits; makes Rs 627 crore provision to AIF exposure
ICICI Bank's Q3 profit at Rs 10,272 cr on account of strong loan growth
Indian lenders have been reporting double-digit loan growth consistently over the past few months owing to higher demand, but rising deposit costs have squeezed their margins
Stocks to Watch on Jan 20: RIL, Paytm, ICICI Bank, Prataap Snacks, RBL Bank
Stocks to Watch on Saturday, January 20, 2024: RIL, on Friday, reported a 9.3 per cent year-on-year (Y-o-Y) increase in its consolidated net profit, at Rs 17,265 crore, for Q3FY24
 "Stocks to Watch on Jan 20: RIL, Paytm, ICICI Bank, Prataap Snacks, RBL Bank")
ICICI Bank Q3 loan book may grow 19%; asset quality seen steady: Analysts
ICICI Bank is scheduled to report its Q3FY24 results on Saturday, January 20
 "ICICI Bank Q3 loan book may grow 19%; asset quality seen steady: Analysts")
Chart check: Bias turns negative for HDFC Bank as stock dips below 200-DMA
The sharp fall in the last two-days has dented the charts of HDFC Bank, suggesting further downside amid some consolidation.
Mutual funds lapped up bank shares in December on valuation comfort
Amid high valuations across most of the market segments, most fund managers are seeing opportunity in the banking sector, especially large private banks
 "Mutual funds lapped up bank shares in December on valuation comfort")
ICICI Bank ends Axis' 16-year run as rupee bond market king on higher sales
Axis Bank, which dominated the local-currency bond market from 2007 to 2022, came in third after arranging 763.5 billion rupees of transactions
 "ICICI Bank ends Axis' 16-year run as rupee bond market king on higher sales")
ICICI hiring 30 investment bankers on expectations of record fundraising
Positions range from associate to executive vice president level, with most of the senior hires coming from rival banks, Saraf told Bloomberg News in a recent interview in Mumbai.
 "ICICI hiring 30 investment bankers on expectations of record fundraising")
SBI, HDFC Bank will need to maintain higher capital from FY25, says RBI
The additional Common Equity Tier 1 (CET1) requirement will be in addition to the capital conservation buffer
 "SBI, HDFC Bank will need to maintain higher capital from FY25, says RBI")
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
 "RBI, Mumbai banks receive bomb threat demanding resignation of FM")
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
 "Stocks to Watch: Allcargo Logistics, Mazagon Dock, Cochin Ship, Inox India")
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
 "Several banks raise FD rates in December, offer up to 8% interest")