Recent theft came to light after 3 cheques were tampered with and produced at various banks in Palarivattom, Thrikkakara, Kakkanad
Beating street estimates, two of India’s private lenders - ICICI Bank and Kotak Mahindra Bank - reported robust numbers for the September-ended quarter (Q2FY23).
Currently, Vedanta Ltd holds 64.92 per cent in HZL, while the government holds 29.53 per cent. Only a 5.5 per cent stake is with the public.
Police found that five persons were involved in the fraud. One among the gang, Yadla Bhiksapati, died recently.
Provisions during the quarter saw a 60% year-on-year decline to Rs 1,144 crore against Rs 2,852 crore during the same period the previous year.
ICICI Lombard offers motor, health, crop, fire, personal accident, marine, engineering and liability insurance.
The brokerage firm also expects the profitability margins of organised peers to be better than consensus estimates in H2FY23.
Till now, only authorised public sector banks were utilised to provide services like issuance of letter of credit and direct bank transfers to the ministry for overseas procurement.
Among consumer durables, Dixon Technologies and TTK Prestige corrected 11% each during the fortnight under review.
ICICI Lombard said that the claims settlement process is a first-of-its-kind service to enable faster claim settlement for MSMEs and startups.
Heatwave, higher global skimmed milk powder (SMP) prices, as well as inflation in cattle feed prices, are the key reasons for higher milk prices, the brokerage said in a note on Friday.
Hours after RBI hiked rates at which it lends to commercial banks, the ICICI Bank, Bank of India and Federal Bank raised their EMIs on floating rate home loans with immediate effect.
LIC m-cap fell to Rs 5,06, 158 crore (Friday closing) against m-cap of Rs 6,00,242 crore based on the upper end of IPO price.
PNB and ICICI Bank have raised their internal benchmark or marginal cost of fund-based lending rate (MCLR) by 15 basis points (bps) and 30 bps each effective June 1.
Along similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.
The partnership is aimed at serving the banking needs of the corporate ecosystem in the growing UK-India corridor, the banking executive noted.
The stock went up by 0.73 per cent to settle at Rs 752.80 on the BSE. During the day, it jumped 1.98 per cent to Rs 762.20. At the NSE, it gained 0.97 per cent to settle at Rs 754.95.
Mulye, who was the executive director of ICICI Bank in charge of the wholesale banking portfolio, will take over her role on June 1.
The bank's asset quality improved as the gross non-performing assets fell to 3.60 per cent of the gross advances as of March 31, 2022, from 4.96 per cent in the corresponding period a year ago.
GIFT SEZ is the country's first International Financial Services Centre (IFSC) which is being developed as a global financial services hub.