Page 42 - Icici Bank
ICICI Bank June quarter net profit up 36.2 per cent to Rs 2,599 crore
To offload 4% stake in ICICI Securities. Made Covid-19 related provisions of Rs 5,550 cr in the quarter
 "ICICI Bank June quarter net profit up 36.2 per cent to Rs 2,599 crore")
ICICI Bank Q1FY21 profit rises 36% to Rs 2,599 cr; asset quality improves
The bank had reported net profit of Rs 1,908 crore in the same quarter last year
 "ICICI Bank Q1FY21 profit rises 36% to Rs 2,599 cr; asset quality improves")
ICICI Bank Q1 PAT may jump 60% YoY on stake sale in insurance arms: Experts
A more optimistic estimate by analysts at Nirmal Bang Institutional Equities pegs the profit at Rs 4,016.4 crore, up a whopping 110.5 per cent YoY and 228.8 per cent QoQ
Nifty could face resistance at 11,000 level: Gaurav Garg of CapitalVia
We might witness weakness only if Nifty breaks level of 10,700
 "Nifty could face resistance at 11,000 level: Gaurav Garg of CapitalVia")
Private banks stare at washed-out Q1; moratorium, Covid-19 provisions eyed
Extension of moratorium, ICICI Securities points out, till August would push recognition of pain points, thereby leading to benign slippages and stable headline non-performing asset (NPA) numbers
 "Private banks stare at washed-out Q1; moratorium, Covid-19 provisions eyed")
MARKET WRAP: Financials lift indices, Sensex gains 409 pts; TCS ends flat
All that happened in the markets today
 "MARKET WRAP: Financials lift indices, Sensex gains 409 pts; TCS ends flat")
ICICI Bank to raise up to Rs 15,000 cr to support business growth
The lender joins a slew of other private sector banks who have undertaken a similar exercise
Distribution platforms look at offering loans against MF units to investors
Investors can get these loans at 9-10 per cent interest rate
 "Distribution platforms look at offering loans against MF units to investors")
ICICI Bank to give 80k employees up to 8% pay hike for work amid Covid-19
The hike of up to 8 per cent is for the fiscal year 2020-21 and applicable from July onwards
MARKET WRAP: RIL, HDFC Bank help Sensex settle 466 pts higher; pharma slips
All that happened in the markets today
 "MARKET WRAP: RIL, HDFC Bank help Sensex settle 466 pts higher; pharma slips")
Valuation or funds? Key question for pvt banks in a tug of war for capital
Replicating success in terms of investor demand and premium pricing may be tough as lenders prepare for mega fundraising
 "Valuation or funds? Key question for pvt banks in a tug of war for capital")
RBI's draft code on governance: Another attempt at passing the buck?
The RBI's draft code on governance is seen as being out of kilter even though well-intentioned, reports Raghu Mohan
 "RBI's draft code on governance: Another attempt at passing the buck?")
Food delivery app Swiggy launches its own digital wallet with ICICI Bank
Food delivery platform Swiggy on Tuesday launched its own digital wallet to enable single-click checkout experience on its platform.
 "Food delivery app Swiggy launches its own digital wallet with ICICI Bank")
Covid-19 crisis: Indian banks operating in UK cautiously optimistic
Boris Johnson announced further relaxations in lockdown enforced due to Covid-19 pandemic
 "Covid-19 crisis: Indian banks operating in UK cautiously optimistic")
Top headlines: RBI bars YES Bank on coupon payment, RIL mcap, and more
Business Standard brings to you a snapshot of the top events of the day
 "Top headlines: RBI bars YES Bank on coupon payment, RIL mcap, and more")
ICICI Bank gains over 3% after paring stake in ICICI Prudential Life
ICICI Pru Life's stock also rose 5.68 per cent to Rs 413.95 on the BSE after the stake sale
 "ICICI Bank gains over 3% after paring stake in ICICI Prudential Life")
Eight of top 10 firms add Rs 1.76 trillion in m-cap; Reliance leads rally
Top losers were ITC, HUL
 "Eight of top 10 firms add Rs 1.76 trillion in m-cap; Reliance leads rally")
ICICI Bank sells 3.96% stake in ICICI Lombard for Rs 2,250 crore
Post the transaction, the ICICI Bank's stake in its general insurance subsidiary stands at 51.9 per cent and the rest is publicly held
Top headlines: RIL becomes net debt free, ICICI Bank's stake sale and more
From Reliance Industries net debt free to India-China border clash, here are the top headlines of the day
 "Top headlines: RIL becomes net debt free, ICICI Bank's stake sale and more")
SBI to ICICI Bank, here's how many Indian banks operate in China, Hong Kong
At Hong Kong, an important financial centre in Asia, Indian banks have had business operations for decades.