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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ICICI-Videocon loan case: Chanda Kochhar, husband appear before ED again
Posted on 15th May 2019 |
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Former ICICI Bank CEO Chanda Kochhar and her husband Deepak Kochhar were grilled for the second consecutive day by Enforcement Directorate sleuths in connection with the Videocon Group bank loan case. The couple was grilled for eight hours on Monday as well. On Tuesday morning, they appeared again at the agency headquarters. |
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ICICI Bank-Videocon loan case: Chanda Kochhar appears before ED
Posted on 13th May 2019 |
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Former ICICI Bank CEO Chanda Kochhar Monday appeared before the ED in connection with an alleged bank loan fraud and money laundering case registered against her. Kochhar arrived before the Enforcement Directorate’s office here in Khan Market shortly before her scheduled appearance time of 11 am, official sources said. Sources said Kochhar is required to assist the investigating officer of the case in taking the probe forward and her statement will be recorded under the Prevention of Money Laundering Act (PMLA). |
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ICICI Bank rises over 3% after Goldman Sachs hikes target price on stock
Posted on 16th April 2019 |
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ICICI Bank shares rose over 3 per cent in intra-day trade on the BSE, marking their biggest intraday per cent gain since March 12, after global financial firm Goldman Sachs hiked the target price on the stock. Goldman Sachs raised the price target on the stock to Rs 492 from Rs 451 and maintained 'buy' rating, saying that ICICI Bank's strong deposit franchise, lower cost of funds put the company at an advantage, a media report said. |
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Flipkart India's most preferred workplace; Amazon, Oyo come next: LinkedIn
Posted on 3rd April 2019 |
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Walmart-owned Flipkart is the most preferred workplace in India, followed by Amazon and Oyo in the second and third places, respectively, according to a list compiled by professional social media network LinkedIn. Internet companies dominate the top 10 spots in LinkedIn's fourth edition of the '2019 Top Companies' list for India. |
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SC quashes RBI insolvency circular, relief for power assets worth Rs 2-trn
Posted on 2nd April 2019 |
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The Supreme Court (SC) on Monday provided a huge relief to thermal power projects worth Rs 2 trillion that were facing the threat of insolvency. The apex court held a 12 February 2018 circular of the Reserve Bank of India (RBI), which ordered banks to classify companies as 'stressed' if they default on loans even for a day, to be 'ultra vires'. The SC said that the circular that applied to numerous defaulting assets in power, sugar, shipping and companies in other sectors to be beyond the RBI's legal powers. A detailed copy of the judgement is awaited. |
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ICICI Bank expects outstanding home loan book at Rs 2L crore by March 2020
Posted on 29th March 2019 |
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With no visible signs of distress in its retail portfolio as of now, private lender ICICI Bank expects to grow its outstanding home loan book to Rs 2 lakh crore by March 2020, from Rs 1.7 lakh crore currently. ICICI Bank, one of the largest mortgage players among private banks, has repeatedly maintained that outreach to tier II, III cities and micro-markets, along with focus on affordable housing and digitisation, has been key to growth in its portfolio. |
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ICICI Bank hits record high of Rs 388; up 11% thus far in March
Posted on 12th March 2019 |
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Shares of ICICI Bank hit a record high of Rs 388, up 3 per cent, on the National Stock Exchange (NSE) in intra-day trade on Tuesday. The stock surpassed its previous high of Rs 383 touched on January 9, 2019 in intra-day trade. The counter has seen huge volumes with a combined 12.31 million equity shares changing hands in first hour of trading on the NSE and BSE. |
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ED investigating at least 6 high-value loans in ICICI Bank-Videocon case
Posted on 5th March 2019 |
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The Enforcement Directorate (ED) is probing at least six high-value loans sanctioned to firms between 2009 and 2011 when Chanda Kochhar was the chief executive officer and managing director at ICICI Bank. The probe agency suspects there have been kickbacks or illegal gratification for extending these loans. The enforcement agency, interrogating Kochhar for the fourth consecutive day on Monday, said she had been cooperating in the investigation. However, she was not clear about certain transactions, it said. |
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ICICI-Videocon case: ED raids offices, homes of Chanda Kochhar, Dhoot
Posted on 3rd January 2019 |
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The Enforcement Directorate (ED) on Friday carried out searches against former ICICI bank CEO Chanda Kochhar and Videocon promoter Venugopal Dhoot in connection with a bank loan fraud case, officials said. They said the raids are being carried out in at least five office and residential premises in Mumbai and a few other locations. |
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