On standalone basis, its net profit jumped to Rs 4,146 crore during the December 2019 quarter from Rs 1,605 crore in the year-ago period
Banking counters were leading the charge from the front with ICICI Bank becoming the biggest contributor toward's today's gain, ahead of its December quarter results tomorrow
As per estimates by Motilal Oswal Financial Services, the bank is poised to write-back provisions worth Rs 2,100 crore (Essar Steel), & Rs 400 crore (Rs 200 crore each from Ruchi Soya & Bhushan Power)
December quarter (Q3) was a mixed ICICI Bank's subsidiaries - namely ICICI Lombard, ICICI Securities (I-Sec), and ICICI Prudential Life Insurance (I-Pru Life)
The value of MF holdings in in ICICI Bank increased by Rs 2,900 crore in December
The bank is seeking recovery of amounts towards the clawback of bonuses given to her from April 2006 to March 2018 after her termination of services by the bank
The bank further stated that Kochhar flagrantly violated the ICICI Group Code of Business Conduct and Ethics.
TCS, HDFC, HUL, ICICI Bank and Kotak Mahindra Bank were the other bluechips which witnessed a rally in their market capitalisation
The fresh notice is more comprehensive and has cited the findings of former Justice Srikrishna panel, which was tasked to probe the quid-pro-quo transactions in ICICI Bank
Banking Regulation Act says that prior approval of the RBI is required to terminate the contract of a bank's chairman or managing director
The investment value of these assets is estimated at around Rs 100 crore
ICICI Bank's valuation tumbled Rs 6,883.44 crore to Rs 3,48,532.24 crore, taking the worst hit among the top-10 firms.
Rising share of retail loans, increased digitisation and an abating pool of stressed assets point to improving outlook and have helped the stock deliver 50 per cent returns last year
The DRT had stayed the plea of the bank that immoveable and moveable properties of Karvy Stock Broking and other respondents be taken under possession
In ICICI Bank's DRT plea, Karvy group's chairman and managing director C Parthasarthy, was also listed as one of the respondents
In the banking space, private banking majors are leading from the front and still looking buoyant
The regulator noted that investments were made in companies other than those in the FMCG industry which was against the mandate of the scheme and in violation of Sebi's rules
Post process, the effective date of listing for the commercial paper at the exchange will be December 23, the BSE said in a statement
The RBI said while approving Kochhar's termination, it acted in accordance with the statutory provisions
Loans to MSMEs are also likely to double to Rs 13.2 trillion from Rs 6.6 trillion in FY19