ICICI Bank

  • SBI accounts for half of mobile transactions in June: RBI 2 days ago

    Mumbai: State Bank of India accounted for half of the total number of mobile transactions undertaken in June, while ICICI Bank became the first to surpass the Rs 1,000-crore mark albeit with only a fifth of the registered users as the country's largest lender. State Bank of India's (SBI) account holders...
  • ICICI Bank Q1 net profit up 17 pct, beats estimates July 31, 2014

    New Delhi: ICICI Bank Ltd(ICBK.NS), India's second-biggest lender by assets, reported a 17 percent rise in quarterly profit, beating estimates, helped by loan growth and higher fee income. Net profit for its fiscal first quarter ended June rose to 26.55 billion rupees ($440 million) from 22.74 billion rupees a year earlier,...
  • Want bank with right size, right value for takeover: Chanda Kochhar July 7, 2014

    Mumbai: ICICI Bank will look at acquiring a bank if it finds one with the right size and right valuation, but is yet to find a takeover target that fits in its evaluation model, the bank chief Chanda Kochhar said. ICICI Bank, which added 650 branches to its network in the...
  • SBI's Bhattacharya, ICICI's Kochhar among Forbes' most powerful women May 28, 2014

    New York: State Bank of India Chairperson Arundhati Bhattacharya and ICICI Bank Managing Director Chanda Kochhar are among the five women from India featured in Forbes' 100 most powerful women in the world, a list topped by German Chancellor Angela Merkel. Bhattacharya is ranked 36th on the power list, while Kochhar is...
  • Asset quality of banks deteriorating at frightening pace: Study May 14, 2014

    New Delhi: The asset quality in banks has deteriorated at a "frightening pace" during 2013-14 fiscal with public sector banks bearing the maximum brunt of bad loans, a RBI panel report has said. At the quarter ended December 2013, banks collectively held loan provisions of Rs 98,593 crore, an increase...
  • Sensex at record high of 21,337.67; pharma, metal shares gain January 22, 2014

    Mumbai: The BSE benchmark index Sensex on Wednesday closed at record high of 21,337.67 points gaining 86.55 points as buying emerged in pharma, metal and banking stocks on expectations of strong corporate earnings and rate cut by the Reserve Bank. The 30-share barometer, which rose for the third straight day, surpassed its...
  • Sensex falls 37 points in the third day of losses; IT stocks shine January 3, 2014

    Mumbai: After dropping 157 points in early trade amid weak global cues, the Sensex on Friday recouped some losses in the latter half on the back of continued strength in IT stocks to end the day with a 37-point fall. Selling in bluechips led by auto sector on reports of lower...
  • ICICI Bank launches 'branch on wheels' September 6, 2013

    Mumbai: As part of its financial inclusion initiative, ICICI Bank on claimed to have become the first private sector lender to launch a 'branch-on-wheels' drive and will have five more such facilities in three states in 2013.. Maharashtra Chief Minister Prithviraj Chavan launched the branch-on-wheel in the sugar hub of Kolhapur...
  • ICICI Bank raises base rate by 0.25 per cent to 10% August 22, 2013

    Mumbai: ICICI Bank, the country's largest private sector lender, on Thursday increased its lending rate by 0.25 per cent to 10 per cent with effect from Friday. The bank also effected a similar hike in its prime lending rates, which will be applicable to existing customers who are on the...
  • Delhi Police arrests con man for credit card frauds July 15, 2013

    New Delhi: A con man from Maharashtra who cheated ICICI Bank customers by obtaining their credit card data has fallen into the Delhi Police net after illegal online transactions of over Rs 1 crore in the past one year, said an official on Sunday. Raju Tevar was arrested last week by...
  • Some truth in Cobrapost expose, will take action: RBI May 30, 2013

    Ahmedabad: There is "some truth" in Cobrapost's allegations of wrong doings by banks and RBI has issued notices to their managements, central bank Governor D Subbarao said on Thursday. "We have done study of those banks, investigated them ... We have done a larger study of those banks and we have...
  • I-T dept issues notices to ICICI, Axis, HDFC banks May 28, 2013

    New Delhi: Income Tax department has issued notices to three top private lenders in the country - ICICI Bank, Axis Bank and HDFC Bank - in connection with alleged money laundering charges levelled by online portal Cobrapost. The department has asked these banks to produce documents for verification as part of...
  • RBI probes Cobrapost report, reveals major violations by banks May 13, 2013

    New Delhi: The Reserve Bank of India is probing the Cobrapost sting operation on alleged money laundering by top banks. The RBI report has revealed major irregularities in top banks. The report shows string of violations on several counts. Sources say the RBI report reveals dummy PANs, unknown NRO IDs,...
  • Difficult to cut interest rates soon: Banks May 3, 2013

    Mumbai/ New Delhi: Big banks say it will be difficult for them to pass on the benefit to customers even though the Reserve Bank of India (RBI) cut repo rate by 25 basis points on Friday even though the cash reserve ratio was left untouched. The banks say RBI's move...
  • HDFC Bank Q4 net profit up 30 pc, meets forecast April 23, 2013

    Mumbai: HDFC Bank Ltd, India's No.3 lender by loan value, met forecasts with a 30 per cent rise in quarterly profit on Tuesday led by higher loan growth, fee income and stable asset quality. Mumbai-based HDFC Bank, which has posted profit growth of more than 30 per cent every year for...
  • ICICI Bank shares gain 4.3 per cent on value buying March 21, 2013

    Mumbai: Shares in ICICI Bank gain 4.3 per cent, heading towards its biggest single-day gain since November 29, 2012, on value buying after steep recent falls over allegations of money laundering by a local journalist. Traders say the gap between ICICI Bank's local shares and American Depositary Receipt has significantly increased,...
  • Money laundering: 'RBI teams to audit banks' March 18, 2013

    New Delhi: In more trouble for the banks that were indicted in a recent Cobrapost expose, which caught some of the employees of HDFC, ICICI and Axis banks offering money laundering services, the Reserve Bank of India (RBI) has sent its teams to those branches of the banks for an...
  • Money laundering: Banks on a damage control spree March 16, 2013

    New Delhi: Private banks are in damage control mode after their employees were shown aiding money laundering in a sting operation by online magazine Cobrapost. While ICICI Bank has suspended 18 employees pending an investigation, HDFC Bank says it has ordered a probe by independent agencies on the expose. HDFC Bank...
  • Money laundering by banks: ICICI suspends 18 employees March 15, 2013

    New Delhi: Following the money laundering allegations against it along with a few other private banks, ICICI Bank on Friday suspended 18 of its employees. Earlier, Kotak Mahindra Bank issued a clarification saying none of its employees were involved in money laundering. "We wish to clarify that no such transactions...
  • Money laundering by banks: Kotak Mahindra denies allegations March 15, 2013

    New Delhi: After CNN-IBN accessed a confidential government investigation report which highlighted how several private banks were involved in conversion of black money into white, Kotak Mahindra Bank has refuted all the allegations. "We wish to clarify that no such transactions by the alleged person have been routed via Kotak...
  • I challenge the three bank heads to an open debate: Aniruddha Bahal March 15, 2013

    A sting operation conducted by online magazine Cobrapost across various branches of private banks has revealed how bank employees are accepting black money from customers to convert them into white money. Cobrapost Editor Anirudh Bahal has insisted that leading private banks like HDFC Bank, ICICI Bank and Axis Bank are...
  • Govt officials were informed of money laundering in banks: Report March 15, 2013

    New Delhi: A confidential government investigation report highlighting how several private banks were involved in conversion of black money into white has been accessed by CNN-IBN. The government investigation focussed on a Delhi-based middleman named Abdul Munaf Khan who allegedly deposited cash to the tune of Rs 100 crore in...
  • RBI suspects banks violating KYC norms, orders probe March 14, 2013

    New Delhi: The Reserve Bank of India (RBI) suspects some banks are involved in KYC violations, sources said. The RBI has sent showcause notice to one bank and a probe is on in the NCR region. The probe comes after online magazine Cobrapost's sting operation on private banks shows brazen money...
  • ICICI Bank to probe money laundering allegations March 14, 2013

    New Delhi: ICICI Bank has in a quick response to money laundering allegations in a Cobrapost sting operation said that the bank launched an investigation into the matter and that a committee will submit its report in two weeks on the issue. The statement by a spokesperson of the bank reads,...
  • HDFC Bank, ICICI Bank, Axis Bank involved in money laundering: Report March 14, 2013

    New Delhi: A sting operation conducted by online magazine Cobrapost across various branches of private financial institutions has revealed how bank employees are accepting black money from customers to convert them into white money. Cobrapost claims that the nationwide operation shows how private banking and insurance affiliates launder money as...
  • ICICI Bank Q3 profit rises 30 per cent to Rs 2,250 cr January 31, 2013

    Mumbai: India's largest private sector lender ICICI Bank's third quarter (October-December) standalone net profit jumped more than 30 per cent year-on-year to Rs 2,250 crore, driven by robust net interest income, which increased 29 per cent to Rs 3,500 crore. Other income too climbed 17 per cent to Rs 2,215...
  • Barclays upgrades ICICI Bank, SBI downgraded January 31, 2013

    Mumbai: Barclays upgraded ICICI Bank Ltd to "overweight" from "equalweight", and lowered the State Bank of India to "equalweight" from "overweight." Barclays said it viewed ICICI's credit quality outlook for fiscal years 2014 and 2015 "significantly more positively" due to reduced credit stress, and raised the Indian lender's price target to...
  • Australia: Perdaman seeks $3.5 bln in damages from ICICI January 11, 2013

    New Delhi: Australia's Perdaman Chemicals and Fertilisers sought to widen its legal battle against Lanco Infratech over a stalled coal-to-urea project by launching a A$3.5 billion damage claim against ICICI Bank, the lender to Lanco's Griffin Coal unit. Perdaman filed its application in federal court in Perth, Australia, on January...
  • Sensex ends up, bank shares lead December 26, 2012

    Mumbai: The Bombay Stock Exchange Sensex ended higher on Wednesday led by gains in bank shares including ICICI Bank that gained on hopes of easing liquidity as RBI continued with cash injection measures and as Larsen & Toubro gained after government extended interest subsidies for some exporters. ICICI Bank rose 2.4...
  • ICICI Bank Q2 net profit up 20 pc at Rs 2,390 cr October 26, 2012

    Mumbai: The country's largest private sector bank ICICI on Friday reported 20 per cent rise in consolidated net profit at Rs 2,390.37 crore for the second quarter ended September 30. The bank's net profit in the same period last fiscal was Rs 1,991.68 crore. The total income in the July-September period...