Page 47 - Icici Bank

Sensex sheds 247 points to close at 40,239; Nifty ends below 11,900 mark

Market benchmark BSE Sensex declined over 247 points on Tuesday to close at 40,239 as heavy selling emerged mainly in power, oil & gas and IT stocks amid a strengthening rupee. The 30-share gauge opened strong at 40,588.81, but soon lost momentum to slip into the negative territory. It finally closed 247.55 points or 0.61 per cent lower at 40,239.88. On similar lines, the 50-scrip NSE Nifty fell 80.70 points or 0.68 per cent to finish at 11,856.80. Yes Bank was the biggest loser in the Sensex pack with 10.05 per cent decline, followed by PowerGrid, IndusInd Bank, NTPC, ITC, TCS, Axis Bank, Hero MotoCorp, M&M and HCL Tech, which lost up to 2.66 per cent. On the other hand, Bajaj Finance, HUL, HDFC Bank, ICICI Bank, and Bajaj Auto gained up to 1.06 per cent. Meanwhile, the rupee appreciated by 11 paise to trade at 70.93 against the US dollar (intra-day). Brent futures, the global oil benchmark, slipped 0.33 per cent to USD 64.04 per barrel. In other Asian markets, Hong Kong ...

ICICI Bank opens new center in Bahrain, offers retail, corporate banking

The bank already has a retail branch at the local Manama Centre, it said in a statement

RIL, ICICI Bank and L&T Finance among big names rolling out FASTag

The most obvious beneficiary of this roll-out will be manufacturers of FASTags, or the Radio Frequency Identification chips

ICICI Bank business approach gets Street thumbs-up; stock at all-time high

Digital capabilities are expected to improve growth at a lower cost following the bank's focus on 'One Bank One RoE'

Tata Power-ICICI Bank JV acquires UP based Prayagraj power project

Resurgent Power is a joint venture of ICICI Bank and Tata Power, while PPGCL is a subsidiary of Gaur's Jaiprakash Power Ventures Ltd which has been shedding assets to cut debt

Analysts see better run for ICICI Bank stock after strong 2019 performance

The view comes amid a deteriorating economic environment where growth has slipped to the slowest pace in six years

Karvy crisis: SAT refuses relief to lenders, asks to approach Sebi by Dec 6

The private sector banks joined the petition on Tuesday and there was a lengthy hearing

ICICI Bank gains 3%, hits new high as brokerages raise target price

Foreign brokerage UBS raised its target price for the stock to Rs 620 from Rs 570, while Nomura raised the target to Rs 645 from Rs 610

Chanda Kochhar seeks time from HC to make RBI party in ICICI Bank case

The court gave her time till December 9 to amend the plea and serve notice on the RBI

Chanda Kochhar's termination as CEO-MD as per law: ICICI Bank to HC

Kochhar had moved the Bombay High Court challenging ICICI Bank's decision to terminate her despite the bank having approved her request for early retirement

Top events today: Chanda Kochhar hearing, Ujjivan SFB IPO and more

From Bombay High Court hearing on Chanda Kochhar's termination by ICICI to India participating in UN's climate conference, Business Standard brings you the top events of the day

Kochhar litigation against ICICI Bank to test corporate governance norms

Board's conduct to come under legal scrutiny

ICICI Bank stock at 52-week high; may double price in 2 yrs: Morgan Stanley

ICICI Bank last month had reported a 27.94 per cent decline in its standalone net profit for the second quarter of 2019-20

Karvy crisis: Bankers raise concern with NSE and Sebi over exposure

Karvy's companies have taken close to Rs 2,900 crore from banks, including ICICI Bank, HDFC Bank, and Lakshmi Vilas Bank

Regaining the mojo: Here's what is driving ICICI Bank's return to normalcy

Street's confidence in the stock is at an all-time high, and so are the valuations

ICICI Bank crosses 1 mn FASTags milestone, puts e-toll in fast lane

ICICI, however, seems to have a lion's share of the market

ICICI Bank aims to double number of FASTags to 4 million in six months

The bank said in September, it witnessed 15.4 million transactions totaling Rs 395 crore being undertaken by its 2 million customers

Reliance Industries, ICICI Bank propel Nifty to fresh record high

Since September, FPIs have pumped in net amount of Rs 37,496 crore, while domestic mutual funds invested net amount of Rs 12,618 crore in equities, Sebi data shows.

Delhi court stays biopic on former ICICI bank CEO Chanda Kochhar

The court issued a notice to the producer, director and others associated with the film for November 26 when it will next hear the matter.

BS Banking Forum 2019: 'Trust factor will always keep banks ahead of tech'

Rajesh Mirjankar, MD and CEO of InfrasoftTech, says it's a popular myth that bankers do not understand technology