Page 23 - Icici Bank

Banks under pressure; Nifty Bank, PSU Bank indices crack up to 5% in 2 days

Global broking and research firm CLSA said on Thursday, that the Adani Group poses no "significant downside risk" to Indian banks.

Nomura hires ICICI banker Mahesh Natarajan to head India ECM biz: Report

Natarajan is due to join the Japanese firm's Indian unit in the coming months, the sources said, declining to be named as the hiring decision is not public

ICICI Bank, RBL, Axis, IDFC First raise deposit rates to meet credit growth

Revisions mainly introduced for high-value deposits of Rs 2 cr and above; Continuous rate hikes over time raise concern about sustainability of healthy net interest margins

ICICI Bank best placed to face NIM shock; analysts see up to 44% upside

ICICI Bank Q3 result review: ICICI Bank, on Saturday, reported a beat on profitability at Rs 8,312 crore, led by strong growth, superior margin delivery, and contained operating expenditure

TaMo, ICICI Bank tie up to offer financing solutions to its EV dealers

Tata Motors on Monday said it has partnered with ICICI Bank to offer financing solutions to its authorised passenger electric vehicle dealers. Under the partnership, ICICI Bank will provide inventory funding to the authorised passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models, Tata Motors said in a statement. "Our dealer network forms a part of our core support pillars, and through their constant effort, we ride the electrification wave in India. "We are confident that through this tie-up, we will make EVs more accessible and the EV purchase process a seamless and memorable experience for our customers," Tata Motors Passenger Vehicles Ltd and Tata Passenger Electric Mobility Ltd Managing Director Shailesh Chandra said. The EV dealers can avail flexible repayment tenures through the partnership, the company said. ICICI Bank Executive Director Rakesh Jha said the electric vehicle industry is growing at a rapid pace with the rising consumer

Sensex rises 320 pts, Nifty ends atop 18100; IT index up 2%, YES Bk down 8%

Closing Bell: Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower

Stocks to watch: ICICI Bank, RIL, UltraTech, Adani Ent, SBI Life, Petronet

Stocks to Watch: Shares of Axis Bank, Canara Bank, IDBI, Jindal Stainless and Tata Communications will be in focus ahead of Q3 results on Monday.

ICICI Bank's Q3 net jumps 34% YoY on robust net interest income growth

Bank adopts more conservative norms on NPA provisioning due to macro risks

ICICI Bank Q3 profit jumps 34% to Rs 8,312 cr amid healthy growth in NII

Private sector lender ICICI Bank Saturday reported a 34 per cent jump in its standalone profit at Rs 8,312 crore for the quarter ended in December 2022, helped by healthy growth in net interest income

ICICI Bank Q3 Preview: Analysts expect robust loan book to drive PAT growth

ICICI Bank Q3: Consensus estimate by Bloomberg pegs ICICI Bank's net profit growth at 33 per cent year-on-year (YoY)/9 per cent quarter-on-quarter (QoQ) at Rs 8,242 crore

Societe Generale acquires ICICI Bank's shares worth Rs 173 crore

Financial services company Societe Generale on Wednesday bought ICICI Bank's shares worth over Rs 173 crore through an open market transaction

Loan fraud case: Chanda Kochhar, her husband released from jail in Mumbai

Chanda Kochhar walked out of the Byculla women's prison in Mumbai, while her husband was released from the Arthur Road jail

Arrest not in accordance with law: Bombay HC grants bail to Chanda Kochhar

Kocchar couple had termed their arrest 'illegal' on the ground that no sanction was obtained before their arrest by CBI

Dhoot's plea, Kochhar's demand for home food rejected in ICICI fraud case

A special court here on Thursday rejected Videocon founder Venugopal Dhoot's plea which claimed that his arrest by the Central Bureau of Investigation in the alleged loan fraud involving former ICICI Bank CEO and MD Chanda Kochhar was illegal. The CBI court also rejected applications of Chanda Kochhar and her husband Deepak Kochhar for home food, beds, mattresses and chairs. The court directed jail authorities to provide them diet food in consultation with the medical officer. The Kochhars were arrested by the CBI on December 23, while Dhoot was arrested three days later. All three are currently in judicial custody. Dhoot had challenged his arrest claiming it was illegal and sought immediate release from the case. His lawyer S S Ladda, along with advocate Viral Babar, argued that Dhoot was arrested only because the investigating officer came under pressure after the Kochhar couple's arrest. During the first remand hearing of the Kochhars their lawyer questioned why Dhoot had not

SBI, ICICI, HDFC Bank continue to be systemically important banks

Lenders regarded as too big to fail; classification based on data they gave in March 2022

Kochhargate: A litmus test for CBI

The country's premier investigative agency's record in probing complex financial misdeeds is not exactly immaculate

What is Chanda Kochhar loan fraud case?

The banking sector will remember this year for the arrest of Chanda Kochhar -- who was one of the founding members of ICICI Bank. Here's a detailed account of the ICICI Bank loan fraud case

TMS Ep336: Consumer fintech, millets, mid, and small-caps, ICICI Bank fraud

What can India's consumer fintech look forward to in 2023? Can millets be India's own super crop? Will 2023 be the year of mid, and small-caps? What is the ICICI Bank fraud case? Answers here

Chanda Kochhar, Deepak Kochhar, Dhoot sent to judicial custody till Jan 10

A special CBI court here on Thursday sent former ICICI Bank CEO and MD Chanda Kochhar, her husband Deepak Kochhar and Videocon group founder Venugopal Dhoot to 14-day judicial custody in connection with a loan fraud case. The Kochhars were arrested by the Central Bureau of Investigation (CBI) last Friday. Dhoot was arrested on Monday. The three were produced before special judge S H Gwalani at the end of their earlier remand on Thursday. The CBI, represented by special public prosecutor A Limosin, did not seek their custody further. The court then sent all the three accused to judicial custody till January 10, 2023. The CBI had named the Kochhars and Dhoot, along with companies Nupower Renewables (NRL) managed by Deepak Kochhar, Supreme Energy Private Limited (SEPL), Videocon International Electronics Ltd (VIEL) and Videocon Industries Limited, as accused in its FIR registered in 2019 under Indian Penal Code sections related to criminal conspiracy and the Prevention of Corruption

Ex-Forbes lister Venugopal Dhoot and Videocon's 'big con' on ICICI Bank

Taking advantage of the sinking ship, other big sharks from the world quickly entered with low prices that virtually decimated Videocon and it was left holding huge banks' liabilities