ICICI Bank

State Bank of India slashes lending rates by 0.15%

The new marginal cost of funds based lending rate (MCLR) will be effective from November 1.

Oct 31, 2016

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PNB Housing Finance IPO: Public issue oversubscribed; listing will be keenly watched

Overall, the Rs 3,000 crore IPO of PNB Housing Finance was oversubscribed 30 times; retail investors gave a lukewarm response.

Oct 28, 2016

state bank of mysore sbm holidays bank staff closed karnataka diwali second saturday celebrations

Banks in Karnataka to remain closed for four days from Saturday

Diwali on October 31, Karnataka Rajyotsava on November 1 and the weekend make for four straight days.

Oct 27, 2016

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ICICI Bank issues dos and don'ts to debit card holders after data compromise

In a mail to customers in the wake of the massive security breach, ICICI Bank tells them how to be cautious with debit cards.

Oct 21, 2016

ICICI Bank replaces Rajiv Sabharwal with Anup Bagchi as retail head; Shilpa Kumar is MD and CEO of ICICI Securities

ICICI Group reshuffles top management, gives new responsibilities to Anup Bagchi, Shilpa Kumar and B Prasanna.

Oct 15, 2016

ICICI Prudential Life IPO: India's largest private life insurer nets Rs 1,635 crore from anchor investors

Anchor investors of ICICI Prudential Life Insurance include GIC (of Singapore), Nomura and Morgan Stanley.

Sep 17, 2016

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ICICI Prudential Life fixes issue price band at Rs. 330-334 per share

The insurer's public issue will be the first by an insurance firm in India, where the life insurance segment has 24 players.

Sep 9, 2016

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ICICI Bank launches software robotics to drive banking operations

The bank deployed these software robots in over 200 branches and is planning to more than double to over 500 in the coming days.

Sep 8, 2016

ICICI Bank Q1 net profit down 25% on higher provisioning, net NPAs jump to 3.35%

The bank set aside Rs. 2,514 crore in provisioning against bad loans, up 163% from Rs. 955 crore in the corresponding quarter previous year.

Jul 29, 2016

ICICI to sell 12.65% stake in insurance firm, ICICI Pru Life

ICICI Prudential Life's sale of 1.81 crore equity shares could be valued at Rs. 5,000 crore.

Jul 18, 2016

ICICI Prudential Life plans for Rs. 5,000 crore IPO: Report

ICICI Prudential's public listing alongside Vodafone's $2.5 billion IPO will be India's big-ticket offers scheduled before the 2016 end.

Jul 15, 2016

June 2016 results preview: How HDFC Bank, Axis Bank and ICICI Bank are likely to have performed

HDFC Bank, Axis Bank, ICICI Bank likely to report mixed results in June quarter, says Motilal Oswal Securities.

Jul 12, 2016

ICICI Bank to add 1,000 ATMs, 400 bank branches across India in FY17

The bank aims to boost retail operations after it reported a 76% fall in net profit in the most recent quarter on higher provisioning.

Jul 3, 2016

HDFC Bank's Aditya Puri got more salary than ICICI Bank's Chanda Kochhar and Axis Bank's Shikha Sharma

The increase was also the highest (31 percent) for Aditya Puri when compared to Chanda Kochhar and Shikha Sharma.

Jun 27, 2016

Essar tapped the phones of UPA, NDA ministers and Ambani brothers: Report

The purported recorded conversations reveal the use of clout to a great extent in the corridors of power, "corruption in the business milieu," deal-striking.

Jun 17, 2016

SBI now owns largest point-of-sale terminal network in India

With the largest network of point-of-sale terminals, SBI is now focusing on emerging technologies to penetrate into the micro-merchant segment.

May 30, 2016

Sensex, Nifty fall on global cues, weak inflation data

Sensex and Nifty were in the red on Friday tracking weak inflation, factory output figures and fall in Asian equities.

May 13, 2016

India's bad loans could get worse before better: Report

Increasing provisions by banks to cover for bad loans will hurt profits and stop credit growth, in turn slowing the economy.

May 12, 2016

DTAA with Mauritius: Indian firms with high FII holding at risk, says report

Indian firms in which FIIs hold more than 33 percent saw their shares react to the amendment to the DTAA with Mauritius, says ET report.

May 11, 2016

Yes Bank gets in-principle approval to commence custodian services

The private sector lender said the new business will complement the bank's existing capital market services.

May 5, 2016

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