Page 25 - Icici Bank
Credit card spend hits new high in May; bounce rates by value at 3-year low
Bounce rates by value at three-year low
 "Credit card spend hits new high in May; bounce rates by value at 3-year low")
S&P affirms ICICI Bank's 'BBB-' rating on improved asset quality
As S&P affirms ICICI Bank's BBB rating, an upgrade over the next one to two years is unlikely as that would require an improvement in the bank's financial profile
 "S&P affirms ICICI Bank's 'BBB-' rating on improved asset quality")
End arbitrary account-freeze by banks
A longer-term solution is to allow customers to easily vote with their feet
Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk
Stocks to Watch Today: ICICI Bank and Axis Bank too will be in focus as global rating agency Moody's has upgraded the two private bank's baseline credit assessments (BCA) and deposit ratings to "baa3"
 "Stocks to Watch: eMudhra, REC, Voda Idea, TVS Motor, HUL, Delhivery, YES Bk")
The story behind the choice of RBL Bank CEO
Does this smack of the regulator's lack of confidence in the bank's board?
Govt declares ICICI Bank's IT resources as 'critical information infra'
The government has declared the IT resources of ICICI Bank as 'critical information infra'. Any harm to it can have impact on national security and any unauthorised person accessing it may be jailed
 "Govt declares ICICI Bank's IT resources as 'critical information infra'")
Moody's upgrades ICICI Bank, Axis Bank's baseline credit assessments
Affirms Baa3 deposit ratings of both Indian private sector lenders; outlook on ratings for both banks, where applicable, remains stable
 "Moody's upgrades ICICI Bank, Axis Bank's baseline credit assessments")
6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default
The banks have sued GVK Group-owned GVK Coal Developers over a dispute on a $1-billion loan and $35-million letter of credit facility and a $160-million loan
 "6 Indian banks sue GVK Coal Developers in London for $1.5 bn loan default")
HDFC raises Retail Prime Lending Rate on housing loans by 50 bps
Following the RBI MPC's decision to raise benchmark policy rate by 50 bps, many lenders, including ICICI Bank and BoB, have also raised their external benchmark linked loan rates by an equal amount
 "HDFC raises Retail Prime Lending Rate on housing loans by 50 bps")
HDFC raises interest rate by 5 bps; ICICI Bank raises MCLR by 30 bps
As of December 2021, a little over 39% of banking system loans are linked to the external benchmark, shows RBI data
 "HDFC raises interest rate by 5 bps; ICICI Bank raises MCLR by 30 bps")
F&O Strategy: Nandish Shah recommends a Bull spread on ICICI Bank
The technical analyst from HDFC Securities recommends buying ICICI Bank 740 Call and simultaneously selling 760 Call for the June expiry.
 "F&O Strategy: Nandish Shah recommends a Bull spread on ICICI Bank")
Merrill Lynch fund sells ICICI Bank shares worth Rs 34 cr at Rs 714 apiece
Merrill Lynch India Equities Fund Mauritius Ltd on Tuesday sold 4.80 lakh shares of private lender ICICI Bank worth Rs 34 crore through an open market transaction.
ICICI Bank, UK's Santander sign MoU to ease corporate banking at both ends
The partnership is aimed at serving the banking needs of the corporate ecosystem in the growing UK-India corridor, the banking executive noted.
 "ICICI Bank, UK's Santander sign MoU to ease corporate banking at both ends")
Loan portfolio lapses cloud growth plans of IndoStar Capital Finance
The financiers of Indo-Star Capital Finance include State Bank of India, HDFC Bank, and ICICI Bank, according to the Annual Report for FY21
 "Loan portfolio lapses cloud growth plans of IndoStar Capital Finance")
Govt bond auction for Rs 32,000 crore sails through as RBI accepts bids
The auction was scheduled for four securities - 5.74% GS 2026 (Rs 9,000 crore), GOI Floating Rate Bond 2028 (Rs 4,000 crore), 6.67% GS 2035 (Rs 10,000 crore), and 6.99% GS 2051 (Rs 9,000 crore)
 "Govt bond auction for Rs 32,000 crore sails through as RBI accepts bids")
Banks start raising their lending rates for external benchmark loans
BOB withdraws interest rebates for home, car loans
 "Banks start raising their lending rates for external benchmark loans")
No constraint on tech spends: ICICI Bank executive director Anup Bagchi
The latest offering from the bank is a comprehensive digital ecosystem for all micro, small and medium enterprises (MSMEs) in the country, including customers of other banks
 "No constraint on tech spends: ICICI Bank executive director Anup Bagchi")
India to launch open e-commerce network to take on Amazon, Walmart
The government's so-called ONDC platform will allow buyers and sellers to connect and transact with each other online, no matter what other application they use
 "India to launch open e-commerce network to take on Amazon, Walmart")
ICICI Bank launches India's 'open-for-all' digital ecosystem for MSMEs
Anyone can avail of the benefits of digital solutions by downloading the new version of the InstaBIZ app.
 "ICICI Bank launches India's 'open-for-all' digital ecosystem for MSMEs")
How neobanks are set to disrupt $31 billion Indian fintech market
As the third largest fintech ecosystem in the world after the US and China, the Indian fintech market is poised for further disruption with the emergence of neobanks
 "How neobanks are set to disrupt $31 billion Indian fintech market")