ICICI Bank launches new digital platform for MSMEs
Posted on 18th July 2019 |
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India's second-largest lender ICICI Bank has launched a new digital platform for micro, small and medium enterprises (MSMEs) and self-employed customers to enable them to undertake their business banking transactions digitally. Called, 'InstaBIZ', it allows customers to avail as many as over 115 products and services in a digital and secure manner on their mobile phone or internet banking platform. |
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ICICI Bank hit with maximum bank frauds in 3 years, SBI an inch away; check list of top 10
Posted on 10th July 2019 |
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ICICI Bank has topped the list of banks with the highest number of fraud cases over the last three years, topping bigger rivals state-run State Bank of India and private HDFC Bank. ICICI Bank has recorded a total of 1,432 cases of frauds involving Rs 1 lakh or more, between fiscal year 2016-17 and FY 2018-19, Minister of State for Finance Anurag Thakur said in a written reply in Rajya Sabha. |
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Cheap loans: ICICI Bank, PNB, Central Bank cut lending rates
Posted on 2nd July 2019 |
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ICICI Bank, Punjab National Bank and Central Bank of India on Monday cut their marginal cost of funds-based lending rates (MCLRs) across tenures for the first time after the Reserve Bank of India (RBI) lowered the repo rate by 25 bps to 5.75% in June. ICICI Bank, the country’s second largest private bank by assets, cut its one-year MCLR — the benchmark for most customer loans — by 10 bps to 8.65%. While the MCLR for shorter periods now stands at 8.60% for six months, 8.45% for three months, 8.40% for one month and overnight lending. |
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ICICI Bank lowers lending rates by 10 bps
Posted on 1st July 2019 |
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The second largest private sector lender ICICI Bank has cut its lending rates by 0.10 percent which will make all the loans cheaper, sources said Monday. The move comes weeks after it cut its deposit rates and amid calls for banks to quickly pass on the benefits of rate cuts by the RBI, which stands at a full 75 bps since February. The bank has cut its marginal cost of funds based lending rate (MCLR) across all tenors by 0.10 percent, they said adding the new rates are effective immediately. |
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ICICI Bank eyeing 20 per cent growth in retail loan in Kerala FY20
Posted on 25th June 2019 |
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Private sector ICICI Bank Tuesday said it aimed to grow its retail loan disbursement in Kerala by over 20 per cent to Rs 3,100 crore in FY20. The bank planned to achieve this growth by rapidly expanding disbursement of consumer loans and mortgage loans, the two main pillars of retail loans, its Executive Director Anup Bagchi said. |
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ICICI Bank to NCLAT: Direct NCLT Allahabad for early hearing on insolvency plea against Jaiprakash Associates
Posted on 17th June 2019 |
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Private sector lender ICICI Bank Monday approached the National Company Law Appellate Tribunal (NCLAT), seeking a direction to NCLT, Allahabad to expedite the hearing on its insolvency petition against Jaypee group firm Jaiprakash Associates Ltd (JAL). In September 2018, ICICI Bank had filed a petition before the Allahabad bench of National Company Law Tribunal (NCLT) seeking to start insolvency proceedings of JAL, which is into infrastructure and real estate. |
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ED to widen probe in ICICI Bank-Videocon loan fraud case; Chanda Kochhar to be grilled again
Posted on 8th June 2019 |
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The ED is set to expand its probe in the ICICI Bank-Videocon money laundering case and may soon question some officials of the bank, besides grilling its former CEO Chanda Kochhar again, officials said Thursday. The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions. |
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ED to widen probe in ICICI Bank-Videocon loan fraud case; Chanda Kochhar to be grilled again
Posted on 7th June 2019 |
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The ED is set to expand its probe in the ICICI Bank-Videocon money laundering case and may soon question some officials of the bank, besides grilling its former CEO Chanda Kochhar again, officials said Thursday. The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions. |
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NCLT orders CIRP against Marg on ICICI Bank plea
Posted on 30th May 2019 |
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The Chennai Bench of the National Company Law Tribunal (NCLT) has ordered initiation of the corporate insolvency and resolution process (CIRP) against Chennai-based infrastructure company Marg, the original promoter of the Karaikal Port. The insolvency proceeding was ordered against the company, which was into a number infra projects including airport and metro in its hey days, on a petition filed by ICICI Bank, alleging a default of `71.69 crore. |
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ICICI Prudential Sadvings Fund's 75-80% exposure is in AAA-rated securities
Posted on 20th May 2019 |
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Rohan Maru is the lead manager of the fund and he started managing it in September 2013. Maru has eight years of experience in the daily cash management and liquidity analysis of fixed income funds. Rahul Goswami continues as co-manager. His role here involves overseeing the investment process and contributing to a macroeconomic view. |
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