Sat, Jan 20, 2024
ICICI Bank reported a better-than-expected net profit for the October-December period on Saturday, January 20.
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Wed, Jan 17, 2024
Consolidated profit after tax for ICICI Securities for the December quarter came in at Rs 466 crore, which was higher by 65.8 per cent from Rs 281 crore Year-on-Year (YoY). Consolidated revenue for the company also saw a jump of 50.5 per cent to Rs 1323 crore from Rs 879 crore.
Mon, Jan 15, 2024
According to IDBI Capital Markets, although economic momentum likely continued in the October-December period, the RBI’s regulatory action on unsecured portfolios could play spoilsport for the BFSI sector as a whole.
Thu, Mar 29, 2018
Punjab National Bank (PNB) had reported the highest amount of frauds at Rs 2,810 crore in the last financial year, followed by Bank of India at Rs 2,770 crore, State Bank of India at Rs 2,420 crore and Bank of Maharashtra at Rs 2,041 crore. The report comes amid a string of banking frauds recently, including the Rs 13,000-crore PNB scam involving billionaire jeweller Nirav Modi and his uncle Mehul Choksi.
ICICI Bank was not the lead bank for the syndicated consortium management, as it had only sanctioned its share of facilities to about Rs 3,250 crore, which would be less than 10% of the total consortium facility in April 2012.
Banks need to disclose the amount of securities they keep under the HTM segment under which the papers are held until maturity and cannot be used for intraday trading.
Wed, Mar 28, 2018
According to ICICI Bank, in 2012 a consortium of over 20 banks and financial institutions sanctioned facilities to the Videocon group (Videocon Industries Ltd and 12 of its subsidiaries/ associates as co-obligors) for a debt consolidation programme and for the group`s oil and gas capital expenditure programme aggregating approximately Rs 40,000 crore. The private lender`s current exposure to the Videocon group was a part of this syndicated consortium arrangement
Sat, Mar 10, 2018
Car, personal and home loans: Those who took car, personal, home loans are set to feel the pinch as their EMIs are going to rise
Tue, Mar 06, 2018
Punjab National Bank (PNB) fraud case: The SFIO was investigating loans of Rs 5,280 crore to Gitanjali Gems by ICICI Bank-led consortium of 31 banks which gave loans to the company
Wed, Feb 28, 2018
ICICI Bank said, "We have not issued any Letter of Undertaking (LOU) nor do we have any buyer’s credit exposure against LOUs with respect to the Nirav Modi group of companies as well as the Gitanjali group of companies."
Sun, Feb 04, 2018
In the December quarter performance announced last week, the bank had reported a domestic NIM of 3.53 per cent.
Wed, Jan 31, 2018
The domestic market extended losses for the second straight session on Wednesday tracking Asian markets, which pulled further back from the record highs after on Wall Street, the Dow registered its biggest two-day drop since September 2016.
In the broader market, the BSE Midcap and the BSE Smallcap underperformed and shed up to 0.6 per cent.
Thu, Jan 25, 2018
The Income Tax Department today claimed to have busted a racket of extracting fraudulent tax refunds by employees of bellwether companies like IBM, Vodafone and Infosys in alleged connivance with a Chartered Accountant (CA) in Bengaluru, the IT capital of the country.
Wed, Jan 24, 2018
The company is likely to sign-up more loan agreements to pay Rs 36,915 crore to the government before the month-end.
ICICI Bank is looking at new areas of growth opportunities in the Indian economy as new areas are coming up to be tapped post demonetisation and introduction of GST, its chief Chanda Kochhar has said.
Thu, Jan 18, 2018
Brokerage Edelweiss Securities noted the move would raise the probability of inclusion in MSCI and higher weights for private banks, which were near the FII threshold limit.
WhatsApp's payments feature is highly anticipated because of the huge popularity of the app across diverse populations in India.
The rally was led by banking stocks with the Nifty PSU Bank (up 1.8 per cent) being the leading sectoral gainer, followed by Nifty Bank (up 1.6 per cent).
Mon, Jan 15, 2018
The jump in Indian equity indices reflected the positive trend in most global markets and led by gains in shares of Housing Development Finance Corp and ICICI Bank.
Wed, Dec 13, 2017
To further hasten Indian customers` move to the Cloud, Microsoft on Wednesday launched Azure Stack for India which is an extension of the company`s Azure Cloud platform.
Mon, Dec 11, 2017
Disclaimer: This story is for informational purposes only and should not be taken as investment advice.
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