Page 22 - Icici Bank

Stocks to watch: Dalmia Bharat, ICICI Bank, Paytm, ONGC, KEC International

Stocks to watch today: ICICI Bank raised Rs 5,000 crore through bonds to fund business growth; Dalmia Bharat acquired cement assets of Jaypee Group's company for Rs 5,666 crore

ICICI Bank raises Rs 5,000 crore through bonds to fund business growth

Private sector ICICI Bank on Monday said it has raised Rs 5,000 crore through bonds to fund business growth. The bank has allotted 50,000 senior unsecured redeemable long term bonds in the nature of debentures aggregating to Rs 5,000 crore on private placement basis, the date of allotment being December 12, 2022, it said in a regulatory filing. The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029), it said. There are no special rights or privileges attached to the bonds, it added. The bonds carry a coupon of 7.63 per cent payable annually and were issued at par, it said, adding, the bonds would be listed in the relevant segment of the NSE.

'Banks not required to inform about rate change in floating plan': NCRDC

NCDRC said that the borrowers have already agreed to such fluctuations while executing loan agreements

Stocks to Watch: Paytm, HUL, ICICI Bank, HDFC Bank, Jindal Steel, Pharma

Stocks to Watch Today: Shares of Paytm are likely to be in limelight as the company plans share buyback; board to meet on December 13.

ICICI Bank raises Rs 5,000 cr via infrastructure bonds for funding projects

The base issue size for ICICI Bank's infra bonds was Rs 1,000 crore with green shoe option of Rs 4,000 crore

Stocks to Watch: HDFC AMC, Voda Idea, IDBI Bank, Bikaji, Axis, ICICI Bank

Stocks to Watch Today: Shares of rate sensitive sectors such as auto, banks, NBFCs and real estate are likely to be in focus owing to the RBI policy announcement on Wednesday.

ICICI Bank, Axis Bank likely to raise Rs 5,000 cr each via bond sales

ICICI likely to issue long-term bonds, Axis mulls infra bond sale

ICICI Bank adopting a 360-degree approach in corporate banking business

Analysts see risk of attrition due to the shift in culture its implementation

After the runaway rally, analysts say shift from PSBs to private peers

Private sector banks' outlook is brighter on a relative basis, and the players will outperform benchmark indices from a 6-12 months' perspective, analysts say

Consumer durable demand outlook likely to remain weak in Q3FY23

While input costs have eased, lower volumes could impact margins

Reliance most valued Indian firm; 2 Adani units join top ranks: Study

Top 500 companies in Burgundy Private Hurun India's list are worth $2.7 trillion

Easing raw material prices likely to aid margins of Asian Paints

Sales performance in the festival season was muted; volumes expected to recover

Boost for Navi Mumbai metro project with financial closure for line 1

The process of financial closure for line number 1 of the upcoming Navi Mumbai metro project has been completed with the signing of an agreement between CIDCO and ICICI Bank for the Rs 500 crore line of credit, a release said on Wednesday. Navi Mumbai Metro Line 1 project is a three-coach metro train. The 11.1-km Belapur to Pendhar stretch of the project comprises 11 stations. "City and Industrial Development Corporation (CIDCO) signed an agreement for the industrial line of credit for Rs 500 crore with the Industrial Credit and Investment Corporation of India (ICICI). With this, the financial closure process for the metro line no. 1 project has been completed," CIDCO said in a release. Speaking about the major milestone, CIDCO vice chairman and MD Sanjay Mukherjee said the works on line number 1 of the project will be expedited. "Due to the Rs. 500 crore line of credit facility from ICICI Bank, the works of Line no. 1 will be expedited and it will be possible to travel on this lin

Festivals boost credit card spends to record high of Rs 1.29 trillion

On a year-on-year (YoY) basis, spends were up over 25 per cent, despite a high base

ICICI Bank to acquire 10% stake in 9MMTPA refinery JV of IOCL and CPCL

ICICI Bank will subscribe 10% of total paid up capital of the target entity

ICICI Bank launches dollar bond, deposit-linked loan for NRIs at GIFT City

Lender claims to be the first to offer these products in GIFT City

ICICI Bank, Bajaj Finance see highest FPI inflows in July-September

Conversely, Reliance Industries and Tata Consultancy Services saw the maximum FPI outflows at Rs 44,622 crore and Rs 17,838 crore, respectively

Bombay HC: Prima facie removal of Kochhar as ICICI Bank CEO valid

In the order the Judge said that the bank was justified in revoking acceptance of early retirement of Kochhar as they had accepted it without having complete knowledge of the facts

Reliance Strategic Investments appoints K V Kamath as Independent Director

Kamath served as Chairman of Infosys. In 2015 he was appointed as the first President of the New Development Bank set up by the BRICS countries from where he retired in 2020

Credit card base of major issuers erodes in Q2 over RBI's norms

SBI Card was exception as gains card base, market share