ICICI Bank

Major 'push' to Atmanirbhar Bharat as debt-laden Videocon puts its assets on sale

Videocon was once the best-performing company in India with a standalone profit of over Rs 800 crores with a focused approach in the consumer electronics business during three financial years until September 2008.

Jun 10, 2020

Slugfest at Dalal Street continues as investors lose Rs 8 lakh crore in one session

The selloff in the global financial markets continued even as the US Federal Reserve slashed the borrowing rates to almost near zero, which is its second cut in less than a fortnight.

Mar 16, 2020

Good news for depositors as Moratorium on Yes Bank to be removed on March 18

On March 5, the Reserve Bank of India superseded the board of Yes Bank after it was unable to raise fresh capital.

Mar 14, 2020

SBI, ICICI Bank, HDFC Bank, LIC, others to invest Rs 11,700 crore to revive Yes Bank

Public-sector undertaking State Bank of India will be joined by seven other private lenders namely HDFC Bank, ICICI Bank, Kotak Bank, Axis Bank, Damani, Jhunjhunwala, and Azim Premji Trust to pick up stake and support revival of Yes Bank. LIC has also been roped in by the RBI to revive the private-sector lender

Mar 13, 2020

BJP 2.0 and markets: Investors with long-term view to reap great returns

After BJP's triumph in the Lok Sabha elections 2019, the market has given initial reaction to the political outcome and it may last for another couple of days.

May 27, 2019

icici digital villages, icici bank, icici group, features of digital villages

Chanda Kochhar Money Trail-V: Videocon's Dhoot complicit in Rs 64 cr payout to Kochhar

The investigators have probable cause and clear collusion between Videocon's Dhoot and Kochhars. The probe agencies have compiled the exact manner of flow of funds and the present status thereof in Videocon Group. Here is the anatomy of the collusive fraud:

May 15, 2019

Chanda Kochhar Money Trail-IV: Ubiquitous Mhatre locked in Kochhar family enterprise

In hot pursuit of the paper trail of family enterprise, two investment companies, Elegant Investrade Pvt Ltd and Daisy Finvest, were used by the Kochhars to further their business interests.

May 14, 2019

Did Chanda Kochhar mislead RBI on 'ever-greening' of loan to Essar Group?

ICICI Bank under Kochhar denied in September 2014 about having granted an Essar Group company based in Mauritius $365-million loan in June 2014, records show

May 2, 2019

Legal ambiguity over Ness Wadia conviction will keep Wadia Group shares choppy

Ambiguities in law and the fact that Japanese court has suspended the sentence could help Wadia Group scion in boardrooms and BCCI probe against Kings XI Punjab's IPL future

May 2, 2019

ED probing kickback angle to Chanda Kochhar role in orders granting major loans

The former CEO of ICICI Bank and her husband are now under the scanner over loans to Sandesara brothers-led Sterling Biotech and troubled Bhushan Steels.

Apr 24, 2019

Buzz in banking stocks amid reports of another rate cut; ICICI Bank, SBI rally

Nifty Bank gains momentum early on while all major bank stocks witness price action led; Nifty IT under scanner as results season continues to unwind with Wipro results scheduled on Tuesday

Apr 16, 2019

Reliance Jio's fibre unit readies Rs 27,000 crore war chest to fund expansion

The funds will be used by the company to expand its data network and attract users from other companies and businesses.

Apr 15, 2019

Bombay Stock Exchange building BSE dalal street

Markets cap robust week with major gains; Sensex, Nifty close above key levels

Improving trader sentiments buoy markets as domestic cues align with positive global outlook; broad sectoral gains indicate a continued rally.

Mar 15, 2019

Banking stocks continue rally; HDFC Bank hits 52-week high

Yes Bank leads the banking bulls after global investment firm Deutsche Bank revised its price target for the stock upwards to 300 from 280 earlier; RIL hits a 52-week high.

Mar 14, 2019

ED may recover 'fraudulently gained' wealth from Chanda Kochhar and family

Investigation allegedly reveals funds that ICICI Bank sanctioned to Videocon group were routed to husband Deepak Kochhar's firms.

Mar 7, 2019

High-profile fugitives: Cautious CBI issues lookout notice for Chanda Kochhar

Enforcement Directorate had earlier registered a money-laundering criminal case against Chanda Kochhar, Deepak Kochhar and Videocon's Venugopal Dhoot.

Feb 22, 2019

Kochhar denies guilt after ICICI Bank fires her with retrospective effect

The core of the allegations against Kochhar is that a part of the 'dirty loan' went to a company run by her husband Deepak Kochhar.

Jan 31, 2019

Who is whistleblower Arvind Gupta? How did he chase down Chanda Kochhar?

Whistleblower Arvind Gupta unearthed the multi-crore scam at ICICI Bank by analysing publicly available records over the years.

Jan 25, 2019

ICICI Bank shares hit all-time high on 'positive valuations, asset quality'

Brokerage Morgan Stanley says that valuations for the stock remained attractive and that it expects a 15 percent return on equity in FY20.

Jan 9, 2019

IL&FS (Infrastructure Leasing and Financial Services Ltd.)

IL&FS Securities attract big buyers, leading banks; Rakesh Jhunjhunwala lines up to bid

Rakesh Jhunjhunwala's private equity firm Rare Enterprises has shown its interest in IL&FS Securities Services Ltd (ISSL).

Dec 18, 2018

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