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Tag: Icici Bank

ICICI Bank Enters 'FinTech' Space, Launches 'iMobile Pay' App

Mumbai: Private lender ICICI Bank on Monday entered the ‘FinTech’ space by launching ‘iMobile Pay’ app which offers payments and banking services to customers of any bank. The mobile application offers a combination of facilities of a payment app — such as enabling customers to pay to any UPI (Unified Payments Interface) ID or merchants, […]

Chinese Central Bank Acquires Stake In ICICI Bank

New Delhi: After the disclosure of a holding in HDFC, the Chinese central bank Peoples Bank of China has now acquired an equity stake in ICICI Bank. The government had in April notified new norms for FDI investments by neighbouring countries which would require approvals. It is not clear if portfolio investments need to go […]

COVID-19: ICICI Branches, RTO, Tech Mahindra Office Sealed In Bhubaneswar

Bhubaneswar: COVID-19 situation in Bhubaneswar is getting worse day by day as there has been a steep rise in positive cases in the past few days. Bhubaneswar Municipal Corporation (BMC) on Tuesday decided to close down ICICI bank’s Cuttack Road Branch and sales section (main branch) near Sriya Talkies after 15 cases were detected in […]

ICICI Bank Seeks Recovery Of Amounts From Chanda Kochchar

Mumbai: The ICICI bank has approached the Bombay High Court seeking effect to “termination of appointment” of Chanda Kochchar as its Managing Director and CEO, and also sought recovery of various amounts from her. In a monetary suit filed on January 10, the bank sought dismissal of Kochhar’s petition and stated that the issue can […]

3 Arrested For Swindling Lakhs By Forging BDO's Signature

Sambalpur: Three persons including two officials of ICICI bank of Bomaloi branch in Sambalpur district were arrested on Saturday for allegedly duping cash worth lakhs of rupees from ‘Old Age Pension’ account. Anirban Dey, Manager of the bank, Sudhir Meher, cashier and Praveen Bharti, former cashier of the bank, were reportedly arrested for illegally withdrawing over […]

Court's Interim Stay On Screening Of Chanda Kochhar Biopic

New Delhi: A Delhi court has granted an interim stay on the screening of a movie based on the life of Chanda Kochhar, former ICICI Bank Managing Director and Chief Executive Officer. She had moved the court through advocate Vijay Aggarwal, seeking a stay on the release of the movie alleging that its content was […]

ICICI Bank To Open 450 New Branches In FY'20

Kolkata: ICICI Bank will open a total of 450 branches across the country in 2019-20 to expand its footprint and 14 of those new branches would be in West Bengal. With 385 new branches opened so far this fiscal, ICICI Bank now has a wide retail network of nearly 5260 branches across the country, the […]

ICICI Bank's Q2 Net Profit Down 28% To Rs 655 Cr

Mumbai: ICICI Bank has reported a 27.94 per cent decline in standalone net profit for the second quarter of 2019-20. The bank’s net profit in Q2 declined to Rs 655 crore from Rs 909 crore in the year-ago quarter. Excluding the impact of one-time additional charge due to re-measurement of accumulated deferred tax, profit after […]

Sensex surges over 400 pts; bank stocks rally

Mumbai: Equity benchmark BSE Sensex rallied over 400 points in early session on Thursday, led by gains in banking stocks, tracking positive cues from global markets. After hitting a high of 39,008.83, the 30-share index was trading 384.54 points, or 1 per cent, higher at 38,978.06 at 0945 hours, while the broader Nifty rose 120.75 […]

Sensex Drops Over 200 Pts; ICICI Bank, TCS Top Laggards

Mumbai: Domestic equity benchmark BSE Sensex dropped over 200 points in early session on Thursday, dragged by losses in index heavyweights Yes Bank, TCS and Infosys, amid unabated foreign fund outflow and mixed global cues. The 30-share index was trading 206.33 points, or 0.56 per cent, lower at 36,357.55 at 0930 hours, while the broader […]

Wipro Gets $300-Million ICICI Bank Deal Via Vara Infotech

Bengaluru: Wipro secured a $300-million (Rs 2,156 crore) seven-year deal from the country’s leading private sector bank ICICI Bank through Vara Infotech for providing a suite of services, said the IT major on Thursday. “As Vara provides the services, we will absorb its 3,800 employees along with its contracts, facilities and assets through a business […]

Stimulus booster help equities log best day in over 3 months

Mumbai: Benchmark stock indices Sensex and Nifty saw their best day in over three months on Monday, buoyed by the government move to withdraw additional surcharge on foreign investors and initiate measures to revive the economy. The BSE gauge Sensex settled with a gain of 2.16 per cent or 792.96 points; while the NSE Nifty […]

Sensex Soars Over 600 Pts On FPI Surcharge Rollback

Mumbai: Domestic equity benchmark BSE Sensex rallied over 662 points in opening session on Monday after the government rolled back the enhanced surcharge on foreign portfolio investors, and unveiled a slew of measures to boost the economy. The 30-share index, however, pared some gains as investors began booking profits at higher levels. The index was […]

Paytm Payments Bank ahead of major banks in digital transaction target

New Delhi: Paytm Payments Bank has received a target of 501.16 crore digital transactions for the financial year 2019-20 from the Ministry of Electronics and Information Technology (MeitY), higher than the targets set for major banks including HDFC Bank, ICICI Bank and Punjab National Bank. In a statement, Paytm Payments Bank said it is only […]

SBI, ICICI Bank trade in red, HDFC Bank in green

Mumbai: The stocks of the State Bank of India (SBI) and ICICI Bank were in the negative territory on Wednesday. The stocks turned to red after they traded near the 52-week high levels on Tuesday. Around 2 p.m., the stocks of ICICI Bank on the NSE Nifty50 was at Rs 424.45, lower by Rs 9.85 […]

ED questions Kochhars for eight hours

New Delhi: The Enforcement Directorate (ED) for a second consecutive day on Tuesday questioned former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar for eight hours and asked them to join the investigation again on Wednesday in connection with the Rs 1,875-crore Videocon loan case. The Kochhars arrived at the ED headquarters in […]

'Fani': Adanis, ICICI Bank commit Rs 35 cr to Odisha

Bhubaneswar: To bolster Odisha’s efforts in rebuilding and restoration post-cyclone Fani, Adani Ports and ICICI Bank have donated a total of Rs 35 crore to the Chief Minister’s Relief Fund (CMRF). While the Adani Group has committed Rs 25 crore, ICICI Bank has donated Rs 10 crore to support the people affected by the extremely […]

ED summons Chanda Kochhar, husband, brother-in-law

New Delhi:The Enforcement Directorate (ED) has issued summons to former ICICI Bank CEO Chanda Kochchar, her husband Deepak Kochchar and brother-in-law Rajiv Kochchar for questioning in a money-laundering case. The agency has summoned Deepak and Rajiv Kochchar on April 30 while the former ICICI Bank chief has been summoned on May 5, sources said. The […]

Banks, others may lose Rs over Rs 90,000 crore as Videocon sinks

Mumbai: The beleaguered Videocon Group has admitted to stupendous outstandings to various lenders – public and private – amounting to over Rs 90,000 crore, making it perhaps the biggest corporate bankruptcy case in Indian banking history, official sources said on Thursday. The two main group companies – Videocon Industries Ltd (VIL) and Videocon Telecommunication Ltd. […]

Credit decision not taken unilaterally: Kochhar

Mumbai: Beleaguered former ICICI Bank Chief Executive Chanda Kochhar on Wednesday said that none of the credit decisions at the bank were unilateral. Kochhar’s reaction comes after Justice Srikrishna Committee indicted her for violation of bank’s code of conduct and conflict of interest duties in the controversial Rs 3,250-crore loan for the Videocon Group, a […]

bank-holidays december
Alert! Banks To Remain Closed For 5 Days This December

Kolkata: Ahead of the strike called by the United Forum of Bank Unions (UFBU) on December 26, one of the bank officers’ union has called a strike on December 21, demanding unconditional mandate for the XIth bipartite wage revision talks, officials said on Wednesday. In the wake of strikes and holidays, the banks will remain […]

ICICI Bank hikes interest rates on fixed deposits of less than Rs 1 cr

Mumbai: Private lender ICICI Bank on Wednesday raised interest rates on term deposits of less than Rs 1 crore by 10-25 basis points (bps), effective from November 15. The bank said in a statement that the rate hike is applicable across various maturities of domestic term deposits and also on Non Resident Ordinary (NRO) and […]

Sandeep Bakhshi named new MD & CEO of ICICI Bank

New Delhi: Sandeep Bakhshi, the former head of ICICI’s life insurance arm, was appointed as Managing Director and CEO of ICICI Bank after Chanda Kochhar, who was mired in allegations of quid pro quo and conflict of interest, on Thursday resigned as from the top post of the bank. Kochhar, 57, whose second five-year term […]

Chanda Kochhar steps down as MD & CEO of ICICI bank

New Delhi: Chanda Kochhar has stepped down from the post of MD and CEO of ICICI bank after the board of directors of the private bank on Thursday accepted the former’s request to seek early retirement from the post. According to a report by The Economic Times, the bank confirmed accepting Kochhar’s resignation with immediate effect […]

Govt changes its nominee in ICICI Bank board

Mumbai: Lending major ICICI Bank has said that the government has changed its nominee on the bank’s board. According to a BSE filing, the government has nominated Joint Secretary Lok Ranjan of the Department of Financial Services, as its nominee Director with effect from April 5, 2018. Ranjan comes in the place of Amit Agrawal, […]