Icici Bank
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ICICI Bank gets exemption from paring stake in insurance subsidiaries for 3 years
Business | Sep 15, 2020, 08:45 AM ISTICICI Bank on Monday said it has got an exemption from paring stake in its life and non-life subsidiaries to 30 per cent for a period of three years.
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ICICI Bank-Videocon case: Deepak Kochhar brought to ED office in Mumbai
News | Sep 08, 2020, 05:05 PM ISTDeepak 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.
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Ex-ICICI Bank MD and CEO Chanda Kochhar's husband arrested in ICICI Bank-Videocon case
Business | Sep 07, 2020, 11:31 PM ISTThe 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.
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ICICI Bank to sell up to 2 pc stake in ICICI Securities
Business | Aug 27, 2020, 08:04 AM IST"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.
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ICICI Lombard to buy Bharti AXA General Insurance
Business | Aug 22, 2020, 11:52 AM ISTThe 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.
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Amid boycott China movement, Chinese central bank invests Rs 15 crore in ICICI Bank
Business | Aug 18, 2020, 03:03 PM ISTThe 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.
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ICICI Securities enables Indian customers to invest in US capital markets
Business | Aug 17, 2020, 03:25 PM ISTThe 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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Government of Singapore increases stake in ICICI Bank
Business | Aug 16, 2020, 04:57 PM ISTThe Government of Singapore has increased its stake in ICICI Bank as it took up 11.08 per cent stake in the latest qualified institutional placement (QIP) of the bank's shares with an investment of Rs 1,662.71 crore.
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ICICI Bank closes QIP; garners Rs 15,000 cr from share sale
Business | Aug 15, 2020, 04:26 PM ISTThe country’s second largest private sector lender ICICI Bank on Saturday said it has completed the allotment of equity shares under its qualified institutional placement (QIP) and raised approximately Rs 15,000 crore to fund its business growth and meet regulatory capital requirement.
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ICICI Bank cuts lending rates by 10 bps across tenors
Business | Aug 03, 2020, 04:58 PM ISTPost the cut, EMIs on the loans linked to MCLR will come down giving relief to the borrowers.
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WhatsApp inches closer to launch payment services via UPI platform: What we know
Business | Aug 03, 2020, 01:11 PM ISTWhatsApp may soon launch its payment services in India after National Payments Corporation of India (NPCI) informed the Reserve Bank of India that the Facebook owned messaging platform has met data localisation requirement.
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ICICI Bank Q1 net profit rises 36% to Rs 2,599 crore
Market | Jul 25, 2020, 04:56 PM ISTICICI Bank on Saturday reported a 36 per cent increase in its standalone net profit at Rs 2,599 crore for the first quarter ended June 2020.
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ICICI Bank to reward 80,000 employees with up to 8% pay hike for work done during COVID-19
Business | Jul 07, 2020, 06:33 PM ISTThe country's second largest private sector lender ICICI Bank has decided to reward over 80,000 of its frontline employees with a salary hike of up to 8 per cent, sources said on Tuesday.
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ICICI Bank employees complain being asked to join base location or face action
Business | Jul 07, 2020, 03:00 PM ISTSeveral ICICI Bank employees have taken to social media to voice their concern alleging the bank has asked them to report to base location or face consequences.
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Maruti Suzuki partners ICICI Bank to offer customized EMI financing schemes to customers
Business | May 26, 2020, 04:11 PM ISTAs part of the tie up, ICICI Bank is offering flexi EMI scheme which enables customers to pay low EMI initially, in order to help them overcome the liquidity stress due to the COVID-19 pandemic.
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ICICI Bank Q4 net profit rises 26 per cent to Rs 1,221 crore
Business | May 09, 2020, 05:50 PM ISTThe bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19.
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ICICI Bank to deploy mobile ATMs during lockdown in Tamil Nadu. Details here
Business | Apr 24, 2020, 09:57 AM ISTIn view of the coronavirus lockdown amid a rapid surge in positive cases, the ICICI Bank on Thursday announced to launch mobile ATM services in Tamil Nadu
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ICICI Bank launches voice banking services on Amazon Alexa, Google Assistant; Step-by-step guide
Business | Apr 20, 2020, 02:31 PM ISTICICI Bank on Monday said it has launched voice assistance-based banking services for its customers and they can check balance, seek credit card details as well as ask other queries among others through this application.
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Bank shares tank after Moody's changes outlook on Indian banks to negative; RBL, Kotak, top losers
Business | Apr 03, 2020, 01:17 PM ISTBank shares on Friday dropped up to 15 per cent after Moody''s Investors Service changed the outlook for Indian banking system to negative from stable.
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ICICI Bank slashes interest rate on savings account by 25 bps
Business | Apr 01, 2020, 10:23 PM ISTPrivate sector lender ICICI Bank on Wednesday cut interest rates on savings accounts by 25 basis points for deposits up to Rs 2 crore. The new rates will be effective from April 8, ICICI Bank said in a regulatory filing. Savings bank accounts with deposits up to Rs 50 lakh will earn 3.25 per cent interest as against existing 3.5 per cent.