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ICICI Bank hits all-time high on hopes of strong Q3 numbers
Posted on 8th January 2019
Shares of ICICI Bank hit a record high of Rs 375.40 apiece on BSE, up 2 per cent in the intra-day trade on Tuesday.

The stock surpassed its previous high of Rs 375.25 touched on November 16, 2018, in an otherwise subdued market today.

ICICI Bank loan row probe ‘almost’ complete
Posted on 28th December 2018
New Delhi: The controversy related to ICICI Bank, the largest private lender of India, is refusing to die as the government on Thursday indicated that inspection of the books of six companies linked to the row is at an advanced stage.

The corporate affairs ministry had ordered inspection of six companies, including NuPower Renewables, on April 23.

Inspection of six cos linked to ICICI Bank controversy at 'advanced stage'
Posted on 27th December 2018
The Corporate Affairs Ministry's inspection of the books of six companies linked to the ICICI Bank controversy is at an "advanced stage", according to a senior official.

On April 23, the ministry ordered inspection of six companies, including NuPower Renewables.

ICICI Bank hikes MCLRs by 10 bps across tenures
Posted on 4th December 2018
ICICI Bank, the country’s third-largest lender by assets, raised its marginal cost of funds-based lending rates (MCLRs) by 10 basis points (bps) across tenures. Its one-year MCLR now stands at 8.8%.

MCLRs for other tenures range between 8.55% and 8.75%. The revised rates came into effect on Saturday.

ICICI Bank to raise 25,000 crore to fill void left by NBFCs
Posted on 20th November 2018
Mumbai: ICICI Bank Ltd has drawn up a plan to raise as much as ₹25,000 crore for on-lending as India’s second largest private lender seeks to fill in the vacuum left by non-banking financial companies (NBFCs), which are facing a liquidity squeeze. ICICI Bank intends to issue non-convertible debentures (NCDs) and other fixed-income securities for raising funds in the year ahead, according to a document sent recently to shareholders after its annual general meeting.

ICICI Bank increases fixed deposit rates by 10-25 bps
Posted on 15th November 2018
Private sector lender ICICI Bank has increased its fixed deposit rates by 10-25 basis points (bps) for various maturities. For the 1 year-up to 389 day period, the new rate will be 6.9%, up 15 bps, while for 390 days-to-two years, the rate is 7.1%. For over 2 years up to 3 years, the bank will offer 7.5% to the depositor. Deposit rates have also been raised by 25 bps for some shorter tenures.

ICICI Bank offering 45-day interest free credit upto Rs 20,000 to select customers
Posted on 1st November 2018
New Delhi: ICICI Bank today launched a new short-term digital credit facility for its customers under which they can get instant pre-approved loans of upto Rs 20,000 for online shopping, paying bills and also for settling bills at offline stores using UPI platform. Currently an invite-only feature, ICICI Bank’s new offering is aimed at the young and millennial customers who want everything digitally and instantaneously, including credit.

ICICI Bank share price zooms 10% after Q2 result shows improved asset quality; is it the right time to buy?
Posted on 29th October 2018
ICICI Bank shares zoomed nearly 10% on Monday after the bank’s quarterly results showed an improvement in asset quality for the quarter ended September 2018. ICICI Bank share price surged by 9.8% to an intra-day high of Rs 346.55 per share on the NSE on Monday, the highest level in over a month. ICICI Bank was the top gainer on both the Sensex and Nifty indices in Monday’s trade.

Bad news for Chanda Kochhar: Law firm pulls back clean chit, says ICICI Bank
Posted on 25th October 2018
ICICI Bank on Tuesday said a leading law firm has taken down a 2016 report exonerating the bank’s former head Chanda Kochhar from charges of nepotism and conflict of interest with regard to loans given to the Videocon Group. The law firm in question is understood to be Cyril Amarchand Mangaldas.

ICICI Bank gets RBI clearance to appoint Sandeep Bakhshi as its MD and CEO
Posted on 16th October 2018
Private sector lender ICICI Bank Tuesday said the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years.

After resignation of Chanda Kochhar, who was facing inquiry, earlier this month, the bank's board had elevated Chief Operating Officer (COO) Bakshi as the new managing director and CEO for five years until October 3, 2023, subject to regulatory and other approvals.

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