Page 18 - Icici Bank

NCDRC imposes Rs 25 lakh fine on ICICI Bank for losing customer's documents

The National Consumer Disputes Redressal Commission (NCDRC) has directed ICICI Bank to pay Rs 25 lakh compensation for losing the original property title documents of a complainant which were deposited with the bank for availing a housing loan. Presiding Member Subhash Chandra was hearing the complaint seeking compensation for deficiency in services. It was filed by Manoj Madhusudhanan through advocate Swetank Shantanu. According to the complaint, the bank had sanctioned a housing loan of Rs 1.86 crore in Bangalore in April 2016 and upon execution of the sale deed, it retained several original property documents, including the registered sale deed and possession certificate. It said that as no scanned or true copies were provided by the bank, Madhusudhanan filed a complaint in June 2016, following which the bank informed him that the documents had been lost in transit from Bangalore to its central storage facility in Hyderabad by a courier company. Since the bank did not resolve th

Mcap of 7 of top 10 firms falls by Rs 74,603 cr, HDFC Bank biggest laggard

The combined market valuation of seven of the top 10 valued firms declined by Rs 74,603.06 crore last week, with HDFC Bank emerging as the biggest laggard. The BSE benchmark declined 398.6 points or 0.60 per cent last week. ICICI Bank, Hindustan Unilever, Infosys and ITC saw erosion in their market valuation while Reliance Industries, Tata Consultancy Services (TCS) and State Bank of India added to their market valuation. The valuation of HDFC Bank declined by Rs 25,011 crore to Rs 12,22,392.26 crore. ICICI Bank's market valuation eroded by Rs 12,781 crore to Rs 6,66,512.90 crore and that of Bharti Airtel fell by Rs 11,096.48 crore to Rs 4,86,812.08 crore. The valuation of Hindustan Unilever tanked Rs 10,396.94 crore to Rs 5,87,902.98 crore and that of ITC skidded by Rs 7,726.3 crore to Rs 5,59,159.71 crore. The market capitalisation (mcap) of Bajaj Finance declined by Rs 4,935.21 crore to Rs 4,27,996.97 crore and that of Infosys dipped Rs 2,656.13 crore to Rs 5,69,406.39 ...

Car loan review: Know about rates, processing fees by over 15 lenders

Our table tells you what the market has to offer in terms of monthly installments

Credit extended to Videocon caused loss of Rs 1,000 cr to ICICI Bank

The credit facilities sanctioned by the ICICI Bank to the Videocon group turned into non-performing assets (NPAs) of more than Rs 1,000 crore, the CBI has claimed in the charge sheet filed against the bank's former CEO Chanda Kochhar, her husband Deepak Kochhar and Videocon founder Venugopal Dhoot. The over 10,000 pages-long charge sheet was filed recently before a special court for the Central Bureau of Investigation cases here. The Kochhars and Dhoot are now out on bail. After Chanda Kochhar became MD & CEO of ICICI Bank, from May 1, 2009, six 'Rupee Term Loans' (RTLs) were sanctioned to Videocon Group. Between June 2009 to October 2011, RTLs of a total of Rs 1,875 crore were sanctioned to the group by the bank, the charge sheet said. Chanda Kochhar was chairperson of the two-member Committee of Directors which sanctioned RTL of Rs 300 crore in August 2009 to Videocon International Electronics Limited (VIEL). Further, she was a member of the committee of senior managers ...

Credit cards in force hit new high in June; spends decline over May

HDFC Bank maintained its leadership position with 18.35 million cards, followed by SBI Card at 17.34 million, ICICI Bank at 14.8 million, and Axis Bank at 12.5 million

ICICI Bank's re-rating to be gradual, say analysts; see up to 36% upside

ICICI Bank Q1FY24 results: At the bourses, shares of ICICI Bank hit a new 52-week high of Rs 1,008 on the BSE, rising 1 per cent in the intra-day trade

RIL, Infy, Paytm, Vedanta: Trading strategies for stocks post their Q1 nos

ICICI Bank remains strong on charts post delivering Q1 results last week

Stocks to Watch: RIL, ICICI Bank, Paytm, IGL, Biocon, YES Bank, Cyient DLM

Stocks to Watch on July 24, 2023: Tata Steel, HDFC AMC, Canara Bank, IDBI Bank, TVS Motor will announce their Q1 results today

ICICI Bank Q1 profit rises 40% to Rs 9,648 cr, net interest income up 38%

The gross NPA ratio was 2.76 per cent at June 30, 2023, compared to 2.81per cent at March 31, 2023

ICICI Bank Q1 net up 40% to Rs 9,648 cr on higher income, loan growth

Standalone net profit rose to a record Rs 9,648 crore ($1.18 billion) for the first financial quarter from 69.05 billion in the same period a year earlier

ICICI Bank Q1FY24 preview: Muted QoQ performance likely on high provisions

ICICI Bank: Net profit is estimated to come in the range of Rs 8,654.9 crore to Rs 9,200 crore, down up to 5 per cent QoQ

SC seeks Videocon group founder Venugopal Dhoot's response on CBI plea

Dhoot was arrested by the Central Bureau of Investigation (CBI) on December 26, 2022, and was granted interim bail by the Bombay High Court on January 20

ICICI Bank says loans to Videocon did not cause any 'wrongful loss'

There was no issue of wrongful loss and violation or contravention of rules and policy, the bank said

Will follow path and structure of ICICI, HDFC Bank: IDFC First Bank CEO

'Basically, IDFC FIRST Bank will become a widely held, diversified financial institution with a diversified set of shareholders'

Stocks to Watch: BPCL, PowerGrid, ATGL, ICICI Bank, T D Power, CreditAccess

Stocks to Watch on June 30, 2023: MCX has extended the support services deal with its software vendor 63 Moons Technologies; BPCL's board approved raising up to Rs 18,000 crore via rights issue

ICICI Securities to be 100% subsidiary of ICICI Bank upon delisting

Public shareholders of the broking firm to get 67 shares of ICICI Bank for each 100 shares of ICICI Securities

ICICI Securities to become 100% subsidiary of ICICI Bank after delisting

As a part of the acquisition, shareholders of ICICI Securities will get 67 equity shares of ICICI Bank for every 100 shares of the company

ICICI Securities surges 10% on buyback plan, valuation hits Rs 20,000 cr

Board to meet on July 29 over proposal; Drone maker Ideaforge Tech's IPO subscribed 3x on heavy retail interest

ICICI Securities surges 15%; board to mull share delisting on June 29

The company plans to delist its equity shares pursuant to a Scheme of Arrangement with ICICI Bank.

Indian banks looking for a bigger stake in digital India via own QR codes

Lenders are leveraging partnerships with fintechs and technology service providers to manage their apps and QR codes