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SEBI Imposes Rs 12 Lakh Penalty On ICICI Bank For Disclosure Lapses

On Thursday, SEBI levied a total fine of Rs 12 lakh on ICICI Bank Ltd and its compliance officer Sandeep Batra for disclosure lapses, including delayed disclosure of binding agreement signed with Bank of Rajasthan. The regulator during an ...

ICICI Bank Revises FD Interest Rates

One of the leading private sector banks in the country revised its interest rates on fixed deposit (FD) rates on Wednesday. ICICI Bank offers term deposit provision for short as well as long term. One can make a deposit for a ...

Nifty Closes Above 11,000, Pharma Stocks Slide

Benchmark indices taking cues from a set of positive global and domestic developments recovered in trade today. The US President Donald Trump backed off additional 10% trade tariff imposition on some of Chinese goods on the one hand and benign July ...

ICICI Bank Reports Q1 Net Profit At Rs 1,908 Crore; Asset Quality Improves

On Saturday, ICICI Bank reported a net profit of Rs 1,908 crore for the June-ended quarter. In the same period a year ago, it posted a loss of Rs 120 crore. The private lender's net interest income (NII) rose by 26.8 ...

ICICI Bank, PNB And Central Bank Lower Lending Rates

On Monday, ICICI Bank, Central Bank of India and PNB after the RBI's repo rate cut last month reduced their MCLR rate across tenures. The internal benchmark or MCLR has been cut by 10 bps to 8.65% for one year ...

ICICI Bank FD And RD Interest Rates Revised

ICICI Bank revised its interest rates on fixed and recurring deposit services provided by the lender. While interest rates on some tenures were increased, others remained unchanged. The new rates will be effective from 17 June 2019. Fixed deposit interest rates ...

ICICI Bank & SBI Among The Top Victims Of Bank Fraud In The Last 11 Years

Last week, the Reserve Bank of India (RBI) data showed that 53,334 cases of fraud involving a massive amount of Rs 2.05 lakh crore were reported in the last 11 years. Of these, over 50,000 cases were reported between 2008-09 and ...

Axis Bank, ICICI Bank Shares Slip On Fitch Ratings Downgrade

Shares of two of the leading private lenders in India fell on Tuesday after a downgrade by Fitch Ratings. According to a PTI report, global rating agency Fitch Ratings has downgraded ICICI Bank and Axis Bank's Long-Term Issuer Default Rating (IDR) from "BBB-" to "BB+" ...

ICICI Bank To Purchase Stake BSE's Subsidiary INX

On Monday, ICICI Bank said it has entered into an agreement with the BSE to buy stake in its subsidiary INX, at GIFT City Gujarat, for nearly Rs 31 crore. India International Exchange (INX) is a wholly owned subsidiary of the BSE that ...

Goibibo ICICI Bank Travel Card: Features And How To Apply

On Monday, ICICI Bank announced the launched of a multi-currency co-branded travel card in partnership with travel booking portal, Goibibo called the "Goibibo ICICI Bank Travel Card". The private lender introduced the card with an intent to target the second fastest ...

ATM Withdrawal Limits And Charges On SBI, HDFC Bank And ICICI Bank Cards

Cash withdrawals are one of the basic banking services we use every month. To maintain safety and promote digital transactions, banks operating in India have some limits on these withdrawals and impose charges on these activities. Here are the cash withdrawal ...

ICICI Bank Reports 5% Slump In Q4 Net Profit; Board Recommends Dividend

On Monday, ICICI Bank rreported a 5 percent drop in standalone net profit at Rs 969 crore for March quarter, from Rs 1,020 crore in the corresponding quarter last year. The private lender's bad loan provisions grew from Rs 4,244 ...