ICICI Bank

7 of top ten largest firms lose Rs 1.36 lakh crore in last week

Markets fell for the sixth straight week following US President Donald Trump's unexpected announcement of a 50 per cent tariff on Indian goods. The Nifty and Sensex fell by nearly one per cent, closing at 24,363 and 79,857, respectively.

18 days ago

ICICI bank hikes minimum account balance for new customers

ICICI Bank Raises Minimum Balance Requirement for New Customers

ICICI Bank has increased the monthly minimum average balance (MAB) for new savings account holders effective August 1. Customers in metro and urban areas opening accounts after this date must maintain an MAB of ₹50,000, while semi-urban and rural customers need ₹25,000 and ₹10,000 respectively. Existing customers will retain the earlier lower limit.

19 days ago

Stock market hits 9-month high as Sensex surges past 84,000, Nifty nears 25,650

Top 10 largest firms shed Rs 1.35 lakh crore in a week; IT firms lead losses

TCS, Bharti Airtel, ICICI Bank, State Bank of India, Infosys, Life Insurance Corporation of India (LIC) and Bajaj Finance faced a combined erosion of Rs 1,35,349 crore from their market valuation last week.

25 days ago

UPI-PayNow expansion: NPCI International adds 13 more banks to boost cross-border remittances

With the vast network for remittances to India now includes 19 banks – Bank of Baroda, Bank of India, Canara Bank, Central Bank of India, Kotak Mahindra Bank, Federal Bank, HDFC Bank, IndusInd Bank, South Indian Bank, Karur Vysya Bank, IDFC FIRST Bank, Punjab National Bank, and UCO Bank alongside Axis Bank, DBS Bank India, ICICI Bank, Indian Bank, Indian Overseas Bank, and State Bank of India.

Jul 16, 2025

Indian Stock Market Sees Rs 1 Lakh Crore Surge

M-cap of 9 of top-10 most valued firms jumps Rs 1 lakh cr; RIL, HDFC Bank shine. Nine of the top-10 most valued firms together added Rs 1,00,850.96 crore in market valuation last week, with Reliance Industries and HDFC Bank stealing the show with maximum gain, in line with an optimistic trend in equities.

Jun 8, 2025

ICICI Bank accused of coercive tactics amid internal error in loan transition

Instead of owning the fault, the ICICI Bank reportedly asked the client to take the business elsewhere.

Mar 12, 2025

ED initiates restitution of assets in Mehul Choksi case

The Enforcement Directorate (ED), in collaboration with Punjab National Bank (PNB) and ICICI Bank, has started restitution of properties linked to the Mehul Choksi bank fraud case, as part of its efforts to ensure that seized and attached assets are returned to rightful owners and victims of money laundering while enabling financial institutions to monetise these assets.

Dec 10, 2024