The Chinese central bank signed a cheque of Rs 15 crore in the private bank under the qualified institutional placement. China's central bank, People's Bank of China made an investment in ICICI Bank. The Chinese bank has emerged as one of the investors in ICICI Bank's Rs 15,000 crore capital raising exercise which ended last week.
The alliance will enable ICICI Securities' more than 4.8 million clients to diversify their investments outside of the Indian market and access multi-asset investment opportunities through Interactive Brokers' trading platform.
The Government of Singapore has increased its stake in ICICI Bank as it took up 11.08 per cent stake in the latest qualified institutional placement (QIP) of the bank's shares with an investment of Rs 1,662.71 crore.
The country’s second largest private sector lender ICICI Bank on Saturday said it has completed the allotment of equity shares under its qualified institutional placement (QIP) and raised approximately Rs 15,000 crore to fund its business growth and meet regulatory capital requirement.
Post the cut, EMIs on the loans linked to MCLR will come down giving relief to the borrowers.
WhatsApp may soon launch its payment services in India after National Payments Corporation of India (NPCI) informed the Reserve Bank of India that the Facebook owned messaging platform has met data localisation requirement.
ICICI Bank on Saturday reported a 36 per cent increase in its standalone net profit at Rs 2,599 crore for the first quarter ended June 2020.
The country's second largest private sector lender ICICI Bank has decided to reward over 80,000 of its frontline employees with a salary hike of up to 8 per cent, sources said on Tuesday.
Several ICICI Bank employees have taken to social media to voice their concern alleging the bank has asked them to report to base location or face consequences.
As part of the tie up, ICICI Bank is offering flexi EMI scheme which enables customers to pay low EMI initially, in order to help them overcome the liquidity stress due to the COVID-19 pandemic.
The bank had posted a net profit of Rs 969 crore in the corresponding January-March period of 2018-19.
In view of the coronavirus lockdown amid a rapid surge in positive cases, the ICICI Bank on Thursday announced to launch mobile ATM services in Tamil Nadu
ICICI Bank on Monday said it has launched voice assistance-based banking services for its customers and they can check balance, seek credit card details as well as ask other queries among others through this application.
Bank shares on Friday dropped up to 15 per cent after Moody''s Investors Service changed the outlook for Indian banking system to negative from stable.
Private sector lender ICICI Bank on Wednesday cut interest rates on savings accounts by 25 basis points for deposits up to Rs 2 crore. The new rates will be effective from April 8, ICICI Bank said in a regulatory filing. Savings bank accounts with deposits up to Rs 50 lakh will earn 3.25 per cent interest as against existing 3.5 per cent.
In a massive relief for borrowers, several public sector banks - SBI Bank, PNB, Union Bank and private lenders - HDFC, ICICI Bank, announced 3-month moratorium on term loans, ruling in the directions by the Reserve Bank of India.
ICICI Bank is offering its customers option-based deferment of EMI payments on term loans for the next three months, on directions by the Reserve Bank of India (RBI). Some ICICI Bank customers will automatically be allowed a moratorium but can opt out if they wish to, while others will have to specifically ask for a deferment.
Private sector banks HDFC and ICICI have asked customers to use digital means for transactions and said they have reduced their staff in office as a precautionary measure against the spread of coronavirus.
The Bombay High Court on Thursday dismissed a petition filed by Chanda Kochhar against her termination as managing director and CEO of the ICICI Bank, noting the dispute arises from a contract of personal service.
Chanda Kochhar's counsel Vikram Nankani earlier argued that her termination came months after the bank approved her voluntary resignation on October 5, 2018 and therefore, the termination is "illegal, untenable, and unsustainable in law".
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