Page 7 - Icici Bank

ICICI Bank joins top peers, cuts rate for savings accounts by 25 bps

Savings account balances of up to Rs 50 lakh will now earn an interest rate of 2.75%: ICICI

Where to invest as markets overcome tariff fears? Analysts weigh in

From Ridham Desai of Morgan Stanley, Wei Li, Global Chief Investment Strategist, BlackRock Inv. Institute and Shridatta Bhandwaldar of Canara Robeco MF, here is the market strategy of leading analysts

ICICI Bank slashes savings account deposit interest rate by 0.25%

ICICI Bank has cut its savings account deposit interest rate by 0.25 per cent, according to the lender's website. The second largest private sector bank's move comes days after larger rival HDFC Bank announced similar move amid a spate of cuts in deposit offerings following RBI's two back-to-back rate decreases. ICICI Bank depositors will earn a 2.75 per cent interest on their savings bank balances of up to Rs 50 lakh, the same as HDFC Bank's offering, as per the website. For balances of over Rs 50 lakh, the rate has been decreased by a similar quantum of 0.25 per cent to 3.25 per cent, as per the website. ICICI Bank's revised rates are applicable from Wednesday. SBI, the country's largest lender, at present offers an interest rate of 2.70 per cent for savings bank accounts. Other lenders have also cut the term deposit rate offerings in the past few days. The deposit rate cuts by lenders have come days after the RBI reduced its key rates for the second consecutive time, taking th

Axis Bank cuts savings deposit rate by 25 basis points, effective April 15

HDFC Bank had earlier revised savings deposit rates by 25 bps; ICICI Bank yet to cut savings deposit rates

Stocks to Buy: These domestic-linked stocks can beat Trump tariff woes

Stocks to Buy: Analysts at Motilal Oswal Financial Services believe ICICI Bank, L&T, RIL, Indian Hotels, and Dixon Tech could be among stocks that may be insulated from Donald Trump-induced trade war

VBL, ICICI Bank: 5 stocks to buy and keep in your portfolio this April

Stocks to Buy: Motilal Oswal Financial Services (MOFL) recommends 5 stocks that can be a part of your portfolio this month

Nifty stocks to watch in FY26: Right stocks could yield high returns

Most brokerages predict the 50-share blue chip index will deliver double-digit returns this year, thanks to moderation in valuations

Stocks to Watch on Apr 2, 2025: CSB Bank, Zomato, Swiggy, auto stocks, MTNL

Stocks to Watch on Apr 2, 2025: Zomato, Swiggy, auto stocks, and others will remain in focus today

ICICI Bank exits IMSPL with 19% stake sale; deal set for June 2025 closure

ICICI Bank signs share purchase agreement for IMSPL stake sale; transaction awaits regulatory and statutory approvals, with completion expected by June 30, 2025

ICICI Bank refutes allegations of illegal staff termination

Terms allegations of termination of 782 employees 'voluntary abandonment of services'

Delegation of employees alleging unfair dismissal by ICICI Bank meets Rahul

A delegation of employees alleging unfair dismissal by the ICICI Bank met with Leader of the Opposition in the Lok Sabha Rahul Gandhi on Friday and shared accounts of being "abruptly terminated" while on medical leave or for raising concerns about management practices. The delegation of employees alleging unfair dismissal by the bank met Gandhi at his office at the Parliament House Complex. There was no immediate reaction from the private bank. They shared accounts of being abruptly terminated while on medical leave, during periods of sanctioned absence, or for raising concerns about management practices, the Congress said in a post on X. The employees highlighted that such practices are not isolated to ICICI Bank but reflect a broader trend across private sector banks, driven by mounting pressure to maximise profits.

Mcap of 9 top valued firms surges Rs 3 trn; ICICI, Airtel biggest gainers

The combined market valuation of nine of the top-10 most-valued firms surged Rs 3,06,243.74 crore last week, with ICICI Bank and Bharti Airtel emerging as the biggest gainers, in tandem with a bullish trend in equities. Last week, the BSE benchmark gauge surged 3,076.6 points, or 4.16 per cent, and the NSE Nifty jumped 953.2 points, or 4.25 per cent. The market capitalisation (mcap) of ICICI Bank jumped Rs 64,426.27 crore to Rs 9,47,628.46 crore, the most among the top-10 firms. Bharti Airtel's valuation zoomed Rs 53,286.17 crore to Rs 9,84,354.44 crore. HDFC Bank added Rs 49,105.12 crore, taking its market valuation to Rs 13,54,275.11 crore. The mcap of Reliance Industries Ltd surged Rs 39,311.54 crore to Rs 17,27,339.74 crore and that of Bajaj Finance rallied Rs 30,953.71 crore to Rs 5,52,846.18 crore. The valuation of Tata Consultancy Services (TCS) soared Rs 24,259.28 crore to Rs 12,95,058.25 crore. The mcap of State Bank of India climbed Rs 22,534.67 crore to Rs 6,72,023.89

Bajaj Finance names Anup Kumar Saha as MD, Rajeev Jain becomes VC

Saha joined Bajaj Finance in 2017. He has served 25 years in the financial services industry, of which 14 years were with ICICI Bank and 11 years with non-bank entities

ICICI Bank, M&M charts flag Death Cross; here's what happened in the past

ICICI Bank and M&M are seeing 'Death Cross' on daily chart for the 4th time in last 5 years; both stocks managed to negate the bearish implications in the last 3 instances, will history be repeated?

ICICI Bank up 3%; hits highest level in CY 2025, stock nears record high

Since January 21, 2025, post Q3FY25 results, ICICI Bank has outperformed the market by gaining 9%, against 1.2% rise on the BSE Sensex, after it reported a strong quarterly performance

IndusInd Bank stock outlook: Chart shows 30% fall, can slip to Rs 500-mark

Technical chart hints up to 10% downside risk for the Bank Nifty; among private banking shares HDFC Bank looks weak; while ICICI Bank and Axis Bank may trade with a favourable bias in the near-term.

NCLAT upholds NCLT's approval for delisting of ICICI Securities

Shareholders of ISec will receive 67 shares of ICICI Bank for every 100 shares held. Shares of ISec last closed at ₹795, while that of ICICI Bank ended at ₹1,215

Small-cap banks take the lead in average spend per credit card transaction

Credit-card spending for January stood at Rs 1,841 billion, marking a two per cent slide month-on-month (MoM), but a strong 14 per cent year-on-year growth

Bank Nifty trades at crucial juncture; HDFC, ICICI Bank charts hint this

HDFC Bank and ICICI Bank hold over 53% weightage in the Bank Nifty, thus having a major impact on the likely trend in the banking index; check key support and resistance levels for these 3 here

Death Cross Alert: 5 stocks on the verge of crashing; check details

SBI, ICICI Bank, HDFC AMC among 5 financial stocks that can fall up to 15% as Fin Nifty sees 'Death Cross' on the daily chart for the first time since September 2022.