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
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
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
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.
The People's Bank of China was among 357 institutional investors which included domestic mutual funds, insurance firms and global institutions that subscribed to the issue, sources said
The Chinese Central Bank subscribed to the recent ICICI Bank's Rs 15,000 crore capital QIP placement and invested Rs 15 crore
Indian lender says resolution professional for bankrupt telecom company has made claims which have a 'likelihood' of succeeding.
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ICICI Bank Ltd., Axis Bank Ltd. and mortgage lender HDFC Ltd. have raised a combined Rs 350 billion ($4.7 billion) this month
The issue price represents a 1.9 per cent premium to the floor price determined based on the pricing formula as prescribed under SEBI Regulations
The names of allotees are Monetary Authority of Singapore (11.08 per cent), Morgan Stanley Investment Management Inc (7.31 per cent) and Societe Generale (5.55 per cent)
Bank says allegations weren't material to financial statements for FY20
Lockdowns and low interest rates have taken a toll on global financial stocks
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More than one year has passed since the CBI registered a FIR in this case but no chargesheet has been filed yet. Listen to this podcast to find out where the case is stuck
The bank's board will meet on August 14 to decide the QIP issue price
The bank's Capital Adequacy Ratio (CAR) stood at 16 per cent as on June 30, 2020 with Tier I at 14.72 per cent. The asset quality profile of the bank improved during the reporting quarter
Indian banks will have a hard task when RBI's moratorium ends this month. Those that do not get capital will have to show their true health, writes Tamal Bandyopadhyay
The stock of ICICI Bank has once again made a good support base near 340 levels and is currently indicating a trend reversal
Sidharth Rath, MD and CEO, spoke to Raghu Mohan on the scale of the bank's ambition and the collaborative approach to rolling out business in its new avatar