Capital markets regulator Sebi on Thursday levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer Sandeep Batra for disclosure lapses, including delayed disclosure of binding agreement signed with Bank of Rajasthan.
The rates have been cut across all tenors under the marginal cost of funds- based lending rate (MCLR) system, they said.
UPI apps user alert: Amid ongoing online banking or UPI-related scams, India's one of the largest private lender, ICICI Bank has issued an advisory for its customer. ICICI bank has warned all online banking users, especially those who use UPI apps-- Google Pay, PhonePe, Paytm, to be very cautious of frauds, in the wake of UPI-related scams.
These Robotic Arms are currently functioning at Mumbai, and Sangli (Maharashtra), New Delhi, Bengaluru and Mangaluru (Karnataka), Jaipur, Hyderabad, Chandigarh, Bhopal, Raipur, Siliguri and Varanasi, said ICICI Bank Head of Operations & Customer Services, Anubhuti Sanghai.
These Robotic Arms are currently functioning at Mumbai, and Sangli (Maharashtra), New Delhi, Bengaluru and Mangaluru (Karnataka), Jaipur, Hyderabad, Chandigarh, Bhopal, Raipur, Siliguri and Varanasi, said ICICI Bank Head of Operations & Customer Services, Anubhuti Sanghai.
From the group leader sitting with his group instead of a secluded cabin to employees getting access to the top management's executive dining room, ICICI bank is undergoing a much-needed change.
On a consolidated basis, its net profit for the April-June period stood at Rs 2,513.69 crore as against Rs 5 crore in the corresponding quarter of 2018. The bank's income (consolidated) rose to Rs 33,868.89 crore in the said quarter from Rs 27,174.12 crore in April-June 2018.
ICICI Lombard General Insurance on Friday reported a 7.1 percent rise in its net profit at Rs 310 crore for the first quarter ended June 2019.
This joint initiative will be an additional step to assist the public at large in availing benefits of Ayushman Bharat scheme.
ICICI Bank submitted that there has been no progress in its insolvency petition filed against JAL, which was filed in September last year.
Chanda Kochhar will now be asked to depose later this week. She had not appeared before the agency even last week citing health reasons.
Former ICICI Bank CEO and Managing Director Chanda Kochhar and her husband Deepak Kochhar have failed to provide satisfactory answers to about 20 out of over 100 key questions posed to them by Enforcement Directorate sleuths during over 60 hours of questioning in five days starting May 13, according to sources in the investigating agency.
Former ICICI Bank CEO Chanda Kochhar's brother-in-law Rajiv Kochhar, Wednesday moved a Delhi court seeking cancellation of look out circular (LOC) against him in an alleged bank loan fraud and money laundering case.
Slam dunk and an airtight case where the investigators have probable cause and clear collusion between Videocon's Dhoot and Kochhars.
In Brothers Kochhars case, the missing link is Sharad Mhatre. In hot pursuit of the paper trail of family enterprise, IANS has now found that two investment companies, Elegant Investrade Pvt Ltd and Daisy Finvest, were used by the Kochhars to further their business interests. Elegant was incorporated on January 29, 1997 by Ms Savita Naik and Mr Sidharth Jadhav for Rs 20.
The trace-back begins with Modern Fashions, which was one of the principal shareholders in the two Kochhar Brothers Credential twins, along with ABS Components Pvt Ltd and KG Computers Pvt Ltd which were the other two.
They have been questioned in the past too at the agency's office in Mumbai after the central agency conducted raids in this case on March 1.
The first Credential Finance Ltd (CFL) was birthed on January 23, 1985 as Bloomfield Builders & Construction at Mumbai RoC (Registrar of Companies) with registration No. 035149. By 1994, it fell into the hands of the Kochhars, who renamed it Credential Finance Ltd.
Pacific Capital Services Pvt Ltd is under inspection and a separate report is ready for submission by government agencies.
Private sector ICICI Bank on Monday posted 2.45 per cent rise in its consolidated net profit to Rs 1,170 crore in the fourth quarter of 2018-19.
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