Tag Archives: ICICI

Latest Fixed deposit (FD) rates: SBI vs ICICI Bank vs HDFC Bank vs Axis Bank vs Kotak Mahindra Bank

Are you looking to invest your money somewhere? Usually your parents or elders would advise you to invest in fixed deposits (FDs) as it is considered as the safest means of investment. FD accounts can be opened in a post office or bank. All major banks, including State Bank of India (SBI), ICICI Bank, HDFC Bank, Axis Bank, Kotak Mahindra ... Read More »

ICICI Bank loan case: CBI transfers officer for delay in probe

“There was a strong suspicion that he might leak information about the ensuing searches.” The CBI is conducting an internal inquiry into the suspected role of Superintendent of Police Sudhanshu Dhar Mishra in the alleged delay in probing the ICICI Bank loan fraud case. Mr. Mishra, the supervisory officer, was transferred from the Bank Security and Fraud Cell (Delhi) to ... Read More »

ICICI Securities stock tumbles 6.29% after 34.3% decline in Q3 net profit

The ICICI Securities stock fell in trade today after the investment services arm of ICICI Group reported a 34.3 per cent decline in consolidated profit to Rs 101.1 crore for the third quarter ended December 31. The company’s profit stood at Rs 153.9 crore in the October-December quarter of 2017-18, ICICI Securities said. The midcap stock touched an intra day ... Read More »

ICICI Bank used term loans, LCs to help borrowers avoid loan defaults: Report

Moneycontrol News  ICICI Bank Ltd  issued hundreds of letters of credit (LCs) to debt-ridden borrowers to help them avoid loan default, a whistleblower complaint claims according to a Mint report. Loan evergreening, or the practice of extending loans to companies to help repay previous loans, is fairly common in India. This allows the companies more time to repay the bad loans. Regulators disapprove of ... Read More »

Closing Bell: Sensex down 301 pts, Nifty below 10,600; ICICI Bank, L&T, Tata Motors dip 3%

[email protected]: Indices end in red for fourth straight session Benchmark indices ended sharply lower, continuing weakness for the fourth consecutive session amid uncertainty over government formation in Karnataka, likely fiscal imbalance due to higher crude oil prices and weaker rupee. May 18, 05:21 PM (IST) Podcast | Sensex cracks 300 points ahead of Karnataka floor test; Nifty below 10,600 The ... Read More »

ICICI Bank To Offer New Range Of Services For Ola Ride Booking. Details Here

ICICI Bank will also offer a ‘Pay Direct’ card for Ola’s driver partners. New Delhi: Cab-hailing app Ola today said it has partnered with ICICI Bank to offer a range of integrated services to customers and driver-partners. As part of the tie-up, customers of ICICI Bank will be able to book Ola rides and pay the fare through the bank’s ... Read More »

ICICI Prudential to take over Sahara Life’s insurance business

ICICI Prudential is the only company to be publicly listed as of now. Photo: AFP New Delhi: ICICI Prudential Life Insurance Co. Ltd has agreed to take over the life insurance business of Sahara India Life Insurance Co. Ltd, which was effectively wound up by the regulator last month. “ICICI Prudential Life has agreed to take over the policyholders’ liabilities of ... Read More »

ICICI, Axis, SBI Gain, RBI To Get Power To Act Against Loan Defaulters

Shares of public and private sector lenders were witnessing good buying interest in trade today a day after the Union Cabinet empowered the Reserve Bank of India (RBI) to act against wilful defaulters. The Union Cabinet cleared an ordinance empowering the Reserve Bank of India (RBI) to act against wilful defaulters. The ordinance has been sent to the president for ... Read More »

ICICI Prudential Life to hire banks for up to $700 mln IPO

ICICI Prudential Life Insurance is set to hire Bank of America Merrill Lynch and ICICI Securities for its planned $600 million to $700 million initial public offering (IPO), IFR reported on Friday citing two sources close to the plans. Other banks are likely to join the syndicate for the IPO that is expected in the current financial year ending March ... Read More »

NPA pains to continue at ‘elevated levels’ this fiscal year: ICICI Bank

ICICI Bank, which posted a massive plunge in net profit in the March quarter on a spike in bad loans, expects the asset quality pain to continue at “elevated levels” this fiscal with the top private lender putting a whopping Rs 44,000 crore more of assets on a watch-list. “There are significant uncertainties around future trends and it is expected ... Read More »