ICICI Bank’s profit after tax grew 17.4 per cent on year and 4.2 per cent on quarter to ₹10,708 crore in Q4 FY24 on the back of strong loan growth…
Read more ICICI Bank Q4 PAT up 17% on strong loan growth, steady asset qualityShareholders of ICICI Securities have, on March 27, approved the proposal for the company’s merger with parent ICICI Bank. However, a majority of retail shareholders voted against the…
Read more Institutions vote for ICICI Securities-ICICI Bank merger, retail investors resistThe capital requirement of banks is expected to increase by 5 per cent, or ₹84,000 crore of additional capital, due to the increase in risk weights for certain…
Read more Banks’ capital requirements to rise on higher risk weights, loan rates to increaseA fortnight after RBI cautioned banks against unprecedented growth in unsecured retail loans and asked them to grow “sensibly”, large banks and NBFCs have flagged increased risks and…
Read more Lenders flag rising delinquencies in small ticket unsecured retail loans post RBI cautionICICI Bank said it has received the Reserve Bank of India’s approval for making I-Process Services (India) Pvt Ltd (I-Process) its wholly owned subsidiary, subject to certain conditions, per…
Read more ICICI Bank receives RBI’s approval for making staffing solutions firm i-Process its subsidiaryThe Additional Tier (AT)-1 bond market has polarised towards large/quality banks post the writedown of these bonds aggregating ₹8,415 crore by Yes Bank in the fourth quarter of FY20,…
Read more AT-1 Bonds: Market has become polarised towards larger/ quality banks, says JefferiesICICI Bank posted a net profit growth of 34.2 per cent year-on-year to ₹8,312 crore in Q3FY23, led by 19.7 per cent y-o-y and 3.8 per cent quarter-on-quarter…
Read more ICICI Bank posts 34% rise in Q3 PATAfter months of anticipation, the Reserve Bank of India (RBI) on Tuesday said that it would launch its first pilot for retail digital Rupee, or e₹-R, on December…
Read more Digital Rupee coming on Dec 1: How will it work and what does it mean for you?Prime Minister Narendra Modi on Sunday dedicated 75 digital banking units to the nation, taking forward a promise that Finance Minister Nirmala Sitharaman had made during the 2022-23…
Read more PM Modi launches 75 digital banking units. Here’s how they will work
