Page 16 - Icici Bank

Watch how ICICI Bank's NRI customers can make UPI payments

If you're an ICICI Bank customer, here's good news for you! You can now use your international mobile number to make instant UPI payments in India. Watch the video to know how

ICICI Bank enables UPI payments in India for NRIs via int'l mobile numbers

ICICI Bank on Monday announced that it has enabled instant payment facility UPI for its non-resident Indian (NRI) customers in India through their international mobile numbers. According to the bank, this will significantly enhance convenience of making everyday payments. "With this facility, the NRI customers of the bank can make payments for their utility bills, merchant and e-commerce transactions with their international mobile number registered with their NRE/NRO bank account held with ICICI Bank in India," a statement released here by the bank said. According to the statement, the bank has made this service available through its mobile banking app iMobile Pay. Earlier, NRIs had to register an Indian mobile number with their bank accounts to make UPI payments across 10 countries, namely, the USA, UK, UAE, Canada, Singapore, Australia, Hong Kong, Oman, Qatar and Saudi Arabia. NRI customers of the bank can make UPI payments by scanning any Indian QR code, send money to a UPI ID

Route Mobile Q4 results: Profit falls 9% to Rs 95 cr, revenue remains flat

Enterprise communication firm Route Mobile on Monday posted 8.5 per cent decline in consolidated net profit at Rs 95.16 crore for the fourth quarter ended March 31, 2024. The company had clocked a net profit of Rs 104.05 crore in the same period a year ago, according to a BSE filing. Revenue from operations remained almost flat at Rs 1,017.03 crore as compared to Rs 1,008.66 crore in March 2023 quarter. In FY24, net profit increased about 17 per cent to Rs 388.84 crore from Rs 333.11 crore a year ago. Annual revenue increased to Rs 4,023.29 crore in FY24 from Rs 3,569.23 crore a year ago. The company's board has approved availing financial assistance by way of SBLC (standby letter of credit) not exceeding Rs 100 crore from ICICI Bank against the security of fixed deposit of amount not exceeding Rs 105 crore. SBLC shall be issued to enable ICICI Bank IBU Gift City for extending bank guarantee facility to Route Mobile (UK) Ltd, the company said.

ICICI Bank denies report of MD & CEO Sandeep Bakhshi wanting to quit

'Figment of imagination; completely baseless and misleading,' says ICICI Bank about report that Sandeep Bakhshi wants to leave

ICICI Bank stock trades lower even as bank denies Sandeep Bakhshi's exit

ICICI Bank stock price: ICICI Bank "categorically denied" reports regarding MD Sandeep Bakhshi allegedly expressing willingness to leave his position

ICICI Bank stock update: Analysts up EPS, target price post Q4; detail here

ICICI Bank stock news: ICICI Bank stock price gained 4.8 per cent to hit a fresh record high of Rs 1,161 apiece on the BSE. Analysts see up to 25 per cent upside in stock price

Stock Market Highlights, April 29: Sensex soars 941 pts led by ICICI Bk, SBI; Nifty nears 22,650

Stock market highlights on April 29, 2024: ICICI Bank led the banking index with the gains of over 4.30 per cent. ICICI Bank was also the top gainer on both BSE and NSE, when the market closed

Bank shares dazzle; ICICI m-cap hits Rs 8 trn; SBI, Indian Bk soar up to 5%

Bank Nifty hit a new all-time high on Monday led by a rally in ICICI Bank post inline Q4 results. Analysts upbeat on future prospects of the private sector bank.

Stock to Watch, April 29: ICICI Bk, HCL Tech, YES Bk, Ircon, Maruti, Cipla

Stocks to Watch on Monday, April 29,2024: The net profit of private lender ICICI Bank rose by 17.4 per cent to Rs 10,708 crore in the fourth quarter of financial year 2023-24 (Q4FY24)

Mcap of 6 most valued firms rise Rs 1.30 trn; SBI, ICICI Bank top gainers

The combined market valuation of six of the top-10 most valued firms increased Rs 1,30,734.57 crore last week, with State Bank of India and ICICI Bank emerging as the biggest gainers in line with an overall positive trend in equities. Last week, the BSE benchmark advanced 641.83 points or 0.87 per cent. The valuation of the State Bank of India rallied Rs 45,158.54 crore to Rs 7,15,218.40 crore. ICICI Bank's market valuation rose Rs 28,726.33 crore to Rs 7,77,750.22 crore. Bharti Airtel added Rs 20,747.99 crore to Rs 7,51,406.35 crore, and that of ITC jumped Rs 18,914.35 crore to Rs 5,49,265.32 crore. The market capitalisation (mcap) of Life Insurance Corporation of India (LIC) advanced by Rs 9,487.5 crore to Rs 6,24,941.40 crore, and that of Infosys went up by Rs 7,699.86 crore to Rs 5,93,636.31 crore. However, the mcap of Reliance Industries declined by Rs 26,115.56 crore to Rs 19,64,079.96 crore. The valuation of HDFC Bank dipped by Rs 16,371.34 crore to Rs 11,46,943.59 crore.

ICICI Bank Q4 result: Net profit up 17% at Rs 10,708 cr, NIM slips 4.40%

The private lender plans to raise funds by issuing debt securities and proposed a dividend of Rs 10 per share, subject to approval of the board

ICICI Bank Q4 result: PAT up 18.5% at Rs 11,672 cr, NII at Rs 19,093 cr

The bank's standalone net profit rose to a record Rs 10,707.5 crore in the January-March quarter, from Rs 9,122 crore in the same period a year earlier

ICICI Bank to report Q4 results on April 27; here's what analysts expect

ICICI Bank Q4 results preview: Analysts said ICICI Bank's margin trajectory and outlook, and deposit traction will be among the key monitorables

Explained: 17,000 ICICI Bank credit cards blocked after data breach

An old user was apparently able to get a look into a newly-acquired credit card customer's details because of the wrongful mapping, but the reverse was not possible.

17,000 credit cards mapped to wrong users, no misuse reported: ICICI Bank

The second largest private sector lender, however, said that no instances of any misuse have been reported because of the error, and also promised to compensate users for any financial loss

Major updates to ICICI Bank and YES Bank charges from May 1: Details here

ICICI Bank and YES Bank will implement revisions to their service charges. These revisions will also see the discontinuation of several account types

ICICI Securities Q4 results: Profit doubles to Rs 537 cr, revenue up 74%

Brokerage house ICICI Securities on Thursday reported a two-fold jump in profit after tax to Rs 537 crore for three months ended March 2024. In comparison, the company posted a profit after tax (PAT) of Rs 263 crore in the year-ago period, ICICI Securities said in a regulatory filing. The company's total revenue soared 74 per cent to Rs 1,544 crore in the fourth quarter, from Rs 885 crore in the January-March quarter of financial year 2022-23. The broking firm's total client assets reached about 7 lakh crore as of March 2024, marking a 19 per cent year-on-year (YoY) increase. Further, ICICI Securities has declared a second interim dividend of Rs 17 per share, taking the full-year dividend to Rs 29 apiece. For the full financial year FY24, the company posted a PAT of Rs 1,697 crore, marking a 52 per cent YoY increase, and revenue stood at Rs 5,051 crore for FY24, up 47 per cent from the preceding fiscal. Besides, the broking firm announced that its board of directors in its meetin

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Quantum MF objects to scheme of merger of ICICI Securities with ICICI Bank

Quantum Mutual Fund has objected to the scheme of merger of ICICI Securities with parent firm ICICI Bank, saying it is "flawed and bridled with irregularities" and will adversely affect minority shareholders of the broking firm. Last month, ICICI Securities announced that about 72 per cent of its shareholders voted in favour of delisting and subsequent merger with ICICI Bank, even as the majority of retail investors opposed the scheme. "The scheme of merger is flawed and bridled with irregularities," Quantum Mutual Fund MD and CEO Jimmy Patel said in his letter written last week to ICICI Bank and forwarded it to market regulator Sebi and the stock exchanges. In the eight-page letter, Patel said that the scheme will substantially and adversely affect the interest of unitholders of the scheme of Quantum Mutual Fund and as well as minority shareholders of ICICI Securities. Highlighting irregularities, Quantum Mutual Fund has listed out four major grounds for objecting the scheme such

Mcap of 7 most valued firms climb Rs 59,404 cr; Airtel, ICICI top gainers

The combined market valuation of seven of the ten most valued firms climbed Rs 59,404.85 crore in a holiday-shortened last week, with Bharti Airtel and ICICI Bank emerging as the biggest gainers. Stock markets were closed on Thursday on account of Eid-Ul-Fitr. Last week, Sensex dipped marginally by 3.32 points after a record-breaking rally. The BSE benchmark had settled at an all-time high of 75,038.15 on Wednesday. It scaled the lifetime peak of 75,124.28 on Tuesday. The market valuation of Bharti Airtel jumped Rs 19,029.37 crore to Rs 6,92,861.27 crore. ICICI Bank added Rs 15,363.23 crore, taking its valuation to Rs 7,75,447.63 crore. Reliance Industries' valuation climbed Rs 10,250.02 crore to Rs 19,85,797.70 crore, and that of Tata Consultancy Services (TCS) soared Rs 7,507.53 crore to Rs 14,47,343.55 crore. The market capitalisation (mcap) of ITC rallied Rs 2,809.06 crore to Rs 5,36,967.87 crore, while Infosys climbed Rs 2,303.73 crore to Rs 6,16,424.57 crore. State Bank of