ICICI

  • Want bank with right size, right value for takeover: Chanda Kochhar 07-07-2014 03:06 PM

    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...
  • SBI's Bhattacharya, ICICI's Kochhar among Forbes' most powerful women 28-05-2014 08:53 PM

    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...
  • Narendra Modi may push ahead with diesel price deregulation 20-05-2014 04:30 PM

    New Delhi: Narendra Modi's landslide victory gives him the mandate to deregulate diesel prices as well as raise natural gas rates with a clear road map towards free pricing to cut subsidies and shrink the budget deficit. With the biggest election win in 30 years, the Modi-led National Democratic Alliance...
  • Asset quality of banks deteriorating at frightening pace: Study 14-05-2014 05:13 PM

    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...
  • ICICI reports deposit of Rs 10 cr fake currency notes over several years 09-04-2014 08:15 AM

    Country's largest private sector bank ICICI Bank has lodged an FIR alleging fake currency notes with a face value Rs 10 crore were deposited in its different branches in the past several years. Regional Head of ICICI Bank Manish Pandey lodged an FIR at Hazratganj police station alleging that fake...
  • Sensex at record high of 21,337.67; pharma, metal shares gain 22-01-2014 09:09 AM

    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,...
  • Sensex falls 37 points in the third day of losses; IT stocks shine 03-01-2014 09:30 AM

    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...
  • Sensex falls 265 points as bulls pause for breather 05-11-2013 09:45 AM

    Mumbai: The Sensex and Nifty snapped a five-day winning streak Tuesday, even as an increasing number of players are turning positive on India. The Sensex shed 264.57 points or 1.25 percent to close at 20974.79, and the Nifty fell 64.20 points or 1.02 percent to end at 6253.15. While the...
  • ICICI Bank Q2 net profit up 20 per cent, beats estimates 25-10-2013 01:50 PM

    ICICI Bank Ltd, India's largest private-sector lender by assets, posted a 20.1 per cent rise in second-quarter profit, beating analyst estimates, led by higher credit growth and income from fees. Net profit for July-September was 23.5 billion rupees compared with 19.6 billion a year earlier, the bank said on Friday....
  • Asian destinations favourite for Indian vacationers: Survey 26-09-2013 05:24 PM

    Mumbai: Asian destinations like Singapore, Dubai and Thailand are fast emerging as the favourite destinations for Indian travelers, pushing the US, Australia and Mauritius to the back-burner as expenses are spiraling with fall in rupee's exchange value, says a survey. "Singapore, Dubai and Thailand are replacing the US, Australia and...
  • RBI opens spl 2-day MSF window to meet advance tax demand 14-09-2013 04:48 PM

    The Reserve Bank opened a special two-day funding window for banks through the marginal standing facility (MSF) today to help them meet liquidity needs as there would be higher demand for funds on account of advance tax payment. "Given the market conditions, we have decided to offer two-day funds to...
  • We can all be proud of the Gujarat model, says KV Kamath 14-09-2013 09:03 AM

    In a first reaction coming in from the corporate sector on the anointment of Narendra Modi as BJP's PM candidate, Independent Director, Infosys KV Kamath said that the Gujarat model is something that 'we all can be proud of'. He added that he did not see a reason why the...
  • ICICI Bank launches 'branch on wheels' 06-09-2013 10:06 AM

    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...
  • Chidambaram meets top bankers to shore up fund inflows 24-08-2013 03:47 PM

    Finance Minister P Chidambaram on Saturday held a closed-door meeting here with top bankers to take stock of the situation in the wake of rupee volatility and ways to shore up foreign capital to bridge the widening current account gap. The minister, who will also be meeting foreign institutional investors...
  • ICICI Bank raises base rate by 0.25 per cent to 10% 22-08-2013 07:32 PM

    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...
  • Vodafone,ICICI launch M-Pesa money transfer service in Bihar 06-08-2013 05:33 PM

    Telecommunication major Vodafone India in association with ICICI bank has started the unique money transfer and payment service "M-Pesa" in Bihar and Jharkhand where banking network and financial penetration is inadequate, particularly, in rural areas. "The 'M-Pesa' service launched in December last year is available across 32 districts and 250...
  • Delhi Police arrests con man for credit card frauds 15-07-2013 10:30 AM

    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...
  • ICICI credit card scam: Police arrests main accused, tracks his location using Facebook 14-07-2013 08:12 PM

    New Delhi: Delhi police have busted a credit card scam involving ICICI bank. The main accused was tracked down using his Facebook location and pictures. The con man, Raju Tevar, had cheated ICICI Bank customers by obtaining their credit card data. Investigators found his photograph on his account on Facebook,...
  • Private banks step up hiring; top-five add over 15,000 staff 16-06-2013 01:07 PM

    Leading private sector lenders are in top gear when it comes to expanding their headcount and just five of them, including ICICI Bank and HDFC Bank, added more than 15,000 employees to their payrolls in the last fiscal. The expanded workforce also seems to be giving them rich dividends in...
  • Cobrapost expose: RBI penalises Axis, HDFC, ICICI banks 10-06-2013 06:41 PM

    Mumbai: Three private banks, caught in the Cobrapost sting operation, have been let off the hook with paltry penalties. The Reserve Bank of India on Monday imposed penalties on Axis, ICICI and HDFC banks after a sting operation by online magazine Cobrapost exposed many loopholes. RBI imposed a penalty of...
  • Some truth in Cobrapost expose, will take action: RBI 30-05-2013 11:20 PM

    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...
  • I-T dept issues notices to ICICI, Axis, HDFC banks 28-05-2013 09:59 PM

    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...
  • RBI probes Cobrapost report, reveals major violations by banks 13-05-2013 01:14 PM

    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 03-05-2013 03:03 PM

    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 23-04-2013 03:50 PM

    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...