Page 40 - Icici Bank

Sensex ends 134 pts lower, Nifty settles at 11,505; Nifty Pharma jumps 5%

All that happened in the markets today

MARKET WRAP: Sensex up 288 pts, ends above 39K; mid, small-caps outperform

All that happened in the markets today

ICICI Bank exempted from paring stake in insurance subsidiaries for 3 yrs

ICICI Bank on Monday said it has got exemption from paring stake in its life and non-life subsidiaries to 30 per cent for a period of three years.

5 reasons why Morgan Stanley is bullish on ICICI, Axis and HDFC Bank

Morgan Stanley believes the banks could provide aggressively for bad loans (unlike the banking system) and accelerate the pace of loan market share gains as the economy stabilizes

Deepak Kochhar remanded to ED custody for 11 days by special PMLA court

PMLA court rejects Kochhar's plea for meeting family members during custody

8 of top-10 valued firms lose Rs 1.11 trn in m-cap; ICICI, RIL worst hit

Tata Consultancy Services and HDFC Bank were the only gainers among the 10 most valued listed firms

Foreign investors pour $6 bn into India stocks despite sinking economy

Foreigners have remained net buyers even after data Monday showed India's economy shrank by a record 23.9% in the June quarter

Brokerages likely to tap into clients' appetite for overseas trading

At least three major brokerages are looking at making such offerings available to their clients

Indian private banks to gain market share from PSBs: Fitch Ratings

Indian private banks have had a decade of strong growth, reflected in much higher loan CAGR of 19.6%

Murali Ramakrishnan appointed as MD and CEO of South Indian Bank

The bank got the Reserve Bank of India's approval for the appointment for a period of three years with effect from October 1, 2020

Cloud over banks, NBFC stocks as moratorium ends and NPA concerns weigh

Impact of rising bad loans may become discernible only in the second half of FY21. This may hurt asset quality and earnings growth, particularly of small and medium-sized banks

Book profit in bank stocks even as moratorium period ends today: Analysts

So far, there have been varied views with regards to the percentage of loans that may seek restructuring.

Banking stocks rally on better earnings outlook; room seen for upside

Hopes of improvement in asset quality, better credit growth and lower valuations are supporting factors

ICICI Bank sells 2% stake in subsidiary ICICI Securities for Rs 310 crore

ICICI Bank on Friday said it has sold 2 per cent stake in its subsidiary firm ICICI Securities Ltd (I-Sec) through an open market transaction for Rs 310 crore

F&O expiry: Indices gain for 5th day, Nifty above 11,550; DLF advances 10%

All that happened in the markets today

ICICI Bank will offload 2% in ICICI Securities to attain 25% public holding

Some 6.44 million shares will be sold in the open market, the lender says

ICICI Bank deploys satellite data for agricultural credit assessment

For the first time in domestic banking, ICICI Bank is deploying satellite data to power farm credit assessment, which it claims will reduce cost for both farmers as well as the lender

ICICI Bank extends gains, stock surges 5% in four days

With today's gains, the stock of the lender has gained 5.6 per cent in the last four days, as against 2 per cent rise in the S&P BSE Sensex

Societe Generale sells ICICI Bank shares worth nearly Rs 341 crore

As per the block deal data on the BSE, 9 million scrips of the private lender were sold by Societe Generale at a price of Rs 378.6 per scrip

ICICI Bank's Rs 15,000 cr equity raise is credit positive: Moody's

The fresh capital raise will add in 170 basis points to the consolidated Common Equity Tier-1 (CET1) ratio from 13.4 per cent at the end of June 2020, after including profit for the June quarter.