The Bombay High Court has granted bail to businessman Deepak Kochhar, husband of ex-ICICI Bank CEO Chanda Kochhar, in the ICICI Bank-Videocon loan case.
Lending major ICICI Bank reduced its home loan interest rate to 6.70 per cent. For loans above Rs 75 lakh, interest rates are pegged at 6.75 per cent onwards.
ICICI Bank was the top gainer in the Sensex pack, rising over 2 per cent, followed by Axis Bank, Infosys, HDFC twins, Bajaj Finserv and SBI.
Former ICICI Bank CEO and MD Chanda Kochhar was granted bail by a special PMLA court.
The accused had opened, at least, 10 fake accounts in various banks including the Axis Bank, ICICI, IDBI, and IndusInd bank and applied for loans in HDFC Bank and Bajaj Finance.
Shares of ICICI Bank zoomed nearly 6 per cent on Monday after the company reported a 17.73 per cent jump in its December quarter consolidated net profit.
The RBI on Tuesday said state-owned SBI, along with private-sector lenders ICICI Bank and HDFC Bank continue to be Domestic Systemically Important Banks (D-SIBs) or institutions that are 'too big to fail'.
HDFC, ICICI, SBI, Yes Bank, PNB, HSBC Bank, Kotak Mahindra Bank, Bank of Baroda, Deutsche Bank and IDBI are the top-10 banks of 2020.
After two years of waiting, Facebook-owned WhatsApp payment service received approval from the National Payments Corporation of India (NPCI) in November to go live on Unified Payment Interface (UPI) with over 160 supported banks.
The sale will be done through offer for sale (OFS) through the stock exchange mechanism.
Claiming it to be a first-of-its-kind facility, the ICICI bank said the 'iMobile Pay' app also provides interoperability as customers no longer have to remember the UPI IDs of their contacts and can transfer money across payment apps and wallets.
The Supreme Court Tuesday rejected the appeal filed by Chanda Kochhar against the Bombay High Court order which had dismissed her plea against being removed as the managing director and CEO of ICICI Bank. “Sorry, we are not inclined to interfere with the high court order,” a bench headed by Justice Sanjay Kishan Kaul said.
Lending major ICICI Bank on Thursday launched India's first banking programme for millennial customers, in the age bracket of 18 years to 35 years.
Shares of ICICI Bank on Monday jumped nearly 6 per cent after the company reported an over four-fold jump in consolidated net profit for September quarter.
Deepak Kochhar, husband of former ICICI Bank Managing Director and Chief Executive Officer (CEO), Chanda Kochhar was brought to the Enforcement Directorate (ED) office in Mumbai on September 08.
The Enforcement Directorate (ED) has arrested Deepak Kochar, husband of former ICICI Bank MD and CEO Chanda Kochhar in connection with ICICI Bank-Videocon case, Enforcement Directorate (ED) officials have informed.
"The Board of Directors of the bank, at its meeting held today, approved the sale of up to 6,442,000 equity shares of face value Rs 5 each of ICICI Securities Limited (company), representing up to 2 per cent of its issued and paid-up equity share capital, through an open market sale," ICICI Bank said in a regulatory filing. The sale is in accordance with the requirement of minimum public float of the company, the private sector lender said.
The board of ICICI Lombard General Insurance "at its meeting held on August 21, 2020, considered and approved a 'scheme of arrangement' amongst Bharti AXA General Insurance (demerged company) and former company and their respective shareholders and creditors", the ICICI Bank promoted non-life insurer said in a late night filing on Friday.
The Chinese central bank signed a cheque of Rs 15 crore in the private bank under the qualified institutional placement. China's central bank, People's Bank of China made an investment in ICICI Bank. The Chinese bank has emerged as one of the investors in ICICI Bank's Rs 15,000 crore capital raising exercise which ended last week.
The alliance will enable ICICI Securities' more than 4.8 million clients to diversify their investments outside of the Indian market and access multi-asset investment opportunities through Interactive Brokers' trading platform.
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