Private-sector lenders, ICICI and HDFC Bank, will offer senior citizens up to 7.35% returns for their deposits
ICICI Bank has discontinued its PayLater credit line on UPI for all users. Existing dues must be paid, but other banking services stay unaffected. Here's what you need to know.
ICICI Bank may not increase its workforce in FY26 despite adding branches, as it focuses on realignment, efficiency and digitisation, says Macquarie conference note
ICICI, Axis, Bank of Baroda, Bank of Maharashtra and IDBI Bank penalised by RBI for breaches including delayed reporting, excessive charges, and non-compliant operations
The RBI said the banks' non-compliance involved cybersecurity, customer charges, KYC norms, and internal account mismanagement
It remains to be seen if this is a broad trend across the banking sector, as major banks including Axis Bank and State Bank of India (SBI) are yet to report their Q4 earnings
"Balance sheet growth was healthy in the context of the peer set, with business banking doing the heavy lifting," Yes Securities said in a report
Shares of ICICI Bank ended on a flat note on Monday after climbing over 2 per cent intra-day as the firm reported a 15.7 per cent jump in March quarter consolidated net profit at Rs 13,502 crore. The company's stock went up by 2.15 per cent to Rs 1,437 -- its 52-week high level -- during the day on the BSE. It finally ended at Rs 1,409.40, up 0.20 per cent. On the NSE, shares of the firm rallied 2.08 per cent to reach the 52-week high of Rs 1,436 in intra-day trade. The stock later ended at Rs 1,408.10, up 0.10 per cent. The 30-share BSE Sensex jumped 855.30 points or 1.09 per cent to settle above the 79,000 mark at 79,408.50. The NSE Nifty climbed 273.90 points or 1.15 per cent to close at 24,125.55. The company's earnings were announced on Saturday. On a standalone basis, the second largest private sector lender's net profit for the January-March quarter came at Rs 12,630 crore, up 18 per cent, against Rs 10,708 crore in the year-ago period. The core net interest income moved u
Why markets are rising today: The benchmark BSE Sensex jumped 879 points intraday to hit a high of 79,432.78 level, while the Nifty50 index gained 281 points to a high of 24,132.75
ICICI Bank share price: ICICI Bank shares rose 2.1 per cent, or ₹30.4 per share, on the stock exchange in the intraday trade
In the past five trading days, HDFC Bank and ICICI Bank shares have outperformed the market by surging up to 11 per cent
Stocks to Watch on Monday: HDFC Bank, ICICI Bank, Infosys, Yes Bank, HDFC Life, BHEL, Coal India and Jio Financial Services are among the stocks to watch today, April 21, 2025
On a consolidated basis, the bank's net profit grew 15.7 per cent to Rs 13,502 in Q4FY25 from Rs 11,672 crore in Q4FY24
ICICI Bank on Saturday reported a 15.7 per cent jump in March quarter consolidated net profit at Rs 13,502 crore. On a standalone basis, the second largest private sector lender's net profit for the January-March quarter came at Rs 12,630 crore, up 18 per cent, as against Rs 10,708 crore in the year-ago period. The core net interest income moved up 11 per cent to Rs 21,193 crore, from the year-ago period's Rs 19,093 crore. The non-interest income excluding treasury increased 18.4 per cent to Rs 7,021 crore. Provisions came at Rs 891 crore in the March quarter, as against Rs 718 crore in the year-ago period. The gross non-performing assets ratio improved to 1.67 per cent at the end of March 2025, from 1.96 per cent in December 2024.
Its rates for various tenures now range from 3% to 7.05% for general customers and 3.5 per cent to 7.55 per cent for senior citizens.
In the past one month, HDFC Bank and ICICI Bank have outperformed the market by surging 10% and 9%, respectively, as against 4% rise in the Nifty 50.
Besides the approval of the financial results for Q4FY25, ICICI Bank, on April 19, will consider and recommend dividend, if any, for the financial year ending March 31, 2025 (FY25)
Savings account balances of up to Rs 50 lakh will now earn an interest rate of 2.75%: ICICI
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 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