Page 21 - Icici Bank

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

ICICI Bank gave sanction to prosecute Kochhar in loan fraud case: CBI

The Central Bureau of Investigation (CBI) on Wednesday told a special court here that it received a sanction from the ICICI Bank's board to prosecute Chanda Kochhar, the former CEO and MD of the bank, in connection with a case of alleged cheating and irregularities in loans sanctioned by the bank to Videocon Group companies. The probe agency, represented by special public prosecutor A Limosin, told the court that the board of ICICI Bank in a resolution passed on April 22 this year gave its sanction to the prosecution (against Kochhar), accepting that there seemed to be quid pro-quo. Chanda Kochhar and her husband Deepak Kochhar were arrested by the central probe agency in December last year in connection with the case. The Bombay High Court later granted interim bail to the couple (Kochhars) and came down heavily on the CBI for making the arrest in a "casual and mechanical" manner and without application of mind. The agency had also arrested Videocon group founder Venugopal Dhoot. .

Axis Bank joins Rs 3-trillion market cap club; stock surges 7% in one week

At 10:27 AM; with a market cap of Rs 3.02 trillion, Axis Bank stood at the 17th position in overall ranking of the BSE listed companies, data shows.

ICICI Bank will give Rs 1,200 cr to build 3 Tata Memorial Centre for cancer

ICICI Bank on Friday committed Rs 1,200 crore to help Tata Memorial Centre (TMC) to expand its cancer treating facilities. As part of the commitment from ICICI Foundation, three new facilities will be built in Navi Mumbai's Kharghar on the outskirts of the financial capital, Mullanpur in Punjab and Visakhapatnam in Andhra Pradesh. Girish Chandra Chaturvedi, the chairman of the second largest private sector lender, said the three facilities will be fully functional by 2027 and will enable TMC to handle 25,000 more cancer patients per year. "This is a step towards resolving a problem which we are foreseeing to aggravate, especially as urbanisation increases," he told reporters at TMC's flagship hospital here after signing three Memorandums of Understanding for the centre. Chaturvedi said right now, the bank has Rs 500 crore of Corporate Social Responsibility (CSR) corpus ready for the three facilities, and will be adding to the corpus as the years go. The bank feels by the end of th

Private banks register higher growth in deposits vs PSBs; rise 9.6% YoY

For the first time, HDFC Bank registered a total deposit of Rs 3.24 trillion, not quite close to SBI's deposits but still a sign of strong growth in terms of deposits

Stake buy: Strategies for ICICI Bank, ICICI Lombard General Insurance

Technically, ICICI Bank is poised for an upside up to 10 per cent, while ICICIGI must sustain over the 200-DMA

ICICI to move ahead with its plan to increase 4% stake in Lombard business

In a similar move, The RBI had given the HDFC Bank the permission to increase its take in HDFC Life Insurance and HDFC Ergo General Insurance beyond 50 per cent

ICICI Lombard soars 14% as ICICI Bank plans to buy additional 4% stake

ICICI Bank would acquire at least 2.5 per cent stake out of the above 4 per cent before September 9, 2024.

ICICI Bank to increase stake in general insurance arm to beyond 50%

Earlier plan was to cut stake below 30%

Zomato inks partnership with ICICI Bank to launch its own UPI offering

Currently, Zomato UPI has been rolled out to select users only. Further expansion of the service will hinge on the initial customer response

Bombay High Court rejects Chanda Kochhar plea for retirement benefits

Private lender's sacked chief has filed a lawsuit asking her former employer to fulfill contractual responsibilities

Pine Labs partners ICICI Bank to enable Digital Rupee on PoS terminals

Digital Rupee opens up exciting opportunities and if implemented correctly, it can accelerate the migration from paper-based currency to digital, said Pine Labs CEO B Amrish Rau

After a decade in wilderness, Indian banks healthy, but still not cautious

With the incremental credit-to-deposit ratio running at 111%, Indian banks will have to pay more to savers - sacrificing some part of their high profitability

Targets indicate more upside for ICICI Bank; growth triggers remain

The gross non-performing assets (NPA) to net NPA ratios declined 26 basis points and 7 basis points quarter on quarter (QoQ) respectively to 2.81 per cent and 0.48 per cent