With this cut, which comes amid repeated RBI nudges to slash rates, the total quantum of rate reduction by the bank since April goes to 0.20 percent
The private sector lender to lean on two segments of the business, namely consumer loans and mortgages
While the bank is headed for better days, it is important for investors not to lose sight of a few critical aspects
The stock was trading close to its all-time high level of Rs 444 touched on June 27, 2019, on the BSE in intra-day trade
ICICI, like its peers, also said India's ongoing economic slowdown weighed on its performance in the quarter
Saw Rs 120-crore loss in year-ago quarter
The funds mopped up could be utilised primarily to aid the bank's growth
Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.
Under this partnership, IndoStar will originate and service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing
The one-year MCLR, to which a majority of loans like residential mortgages and auto loans are tied, now stands at 8.65%
New management in place, asset quality on mend and reasonable valuations bode well for the stock.
JAL owes around Rs 1,296 crore and the bank had approached NCLT to recover the dues by filing an insolvency plea
The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions.
The rating action comes amid the challenges the bank faces in its operating environment, Fitch Ratings said in a statement
Now, the bank's mantra was "profitable and sustainable" growth, Kochhar said
The tribunal held that "on account of duplicacy" of the claims, the petition filed by ICICI Bank "can not be entertained"
ICICI Bank on Monday reported a profit of Rs 969 crore in Q4FY19.
Net interest income (NII) is also expected to see a jump of about 20 per cent y-o-y to come within a range of Rs 7,100 crore to Rs 7,300 crore
The additional documents have also been sought from NuPower, Supreme Energy and Videocon Group
In the absence of appropriate regulations and sophisticated technology, Indian investigators have their work cut out