As of June 2025, home loans, according to the Equirus note, grew 12.8 per cent y-o-y to Rs 41.2 trillion, led by state-owned banks (+15.5 per cent y-o-y) and NBFCs / state finance banks
This latest revision, it said, was shaped by several factors, which meant increasing exposure to the financials and consumer sectors, booking gains in stocks where the market drivers are in place
The weighted average lending rate (WALR) on fresh loans rose by 18 bps M-o-M in July 2025, led by a sharp 31 bps rise for PSU banks, while private banks saw a 16 bps decline.
ICICI Bank has sustained healthy loan growth of ~15 per cent CAGR over FY23-25, outpacing system growth, driven primarily by retail and business banking.
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ICICI Bank has increased its CSR allocation to Rs 801 crore in FY25, with initiatives spanning healthcare, skill development, rural livelihoods and sustainability commitments
Sebi's proposed relaxation of index realignment norms could reduce potential $1 billion sell-off risk for HDFC and ICICI Bank, which are heavily weighted in the Nifty Bank index
ICICI Bank, India's second-largest private sector lender, has partially rolled back its controversial move to sharply increase the minimum monthly average balance (MAB) for new savings accounts
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The revised MAB for new accounts now stands at Rs 15,000 for metro and urban areas, Rs 7,500 for semi-urban, and Rs 2,500 for rural branches, effective August 1
ICICI Bank will continue to prioritise a stable, granular, and low-cost funding profile alongside governance, digital growth, and customer-centric strategies for sustainable progress
After ICICI hiked minimum balance for new accounts, RBI says banks can set their own rules, making it crucial for customers to compare terms before opening a savings account.
A civil society organisation advocating banking stakeholders' interests has written to the Finance Ministry, requesting its intervention into ICICI Bank's decision to raise the minimum average balance (MAB) requirement for new savings accounts, and said such a move is detrimental to the government's vision of inclusive banking and growth. In a letter to the finance secretary, 'Bank Bachao Desh Bachao Manch' termed the private lender's decision as "unjust and regressive". The bank has raised the minimum balance requirement for new savings accounts opened on or after August 1 by five times to Rs 50,000. The minimum monthly average balance (MAB) for savings bank accounts till July 31, 2025 for ICICI Bank customers was Rs 10,000. Similarly, MAB for semi-urban locations and rural locations have been increased five times to Rs 25,000 and Rs 10,000, respectively, according to information available on the ICICI Bank website. This retrograde decision undermines the principle of inclusive .
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ICICI Bank's decision to raise the minimum monthly average balance (MAB) for new savings accounts to ₹50,000 in metro and urban areas has drawn significant backlash on social media, with users citing
During the last three financial years, the industry has also witnessed a sustained decline on a year-on-year basis
The new account holders, who will open accounts after August 1, will need to maintain a higher minimum account balance in the savings account. A failure to do so may attract a penalty
The minimum balance for semi-urban regions has been increased to ₹25,000 and for rural branches has been increased to ₹10,000 from ₹5,000
The Reserve Bank fined ICICI Bank for violations related to property valuation and current account operations, citing non-compliance without impacting customer transactions
Retail lending, which had been the mainstay of growth for private banks, has decelerated sharply across both secured and unsecured categories.