ICICI Bank reports 50 per cent jump in Q1 net profit

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.

published on : 24th July 2022

Banks lending rates up, Kotak Mahindra Bank hikes deposit rate 

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.

published on : 10th June 2022

ICICI Bank ties up with Santander for India-UK business ease 

The partnership is aimed at serving the banking needs of the corporate ecosystem in the growing UK-India corridor, the banking executive noted.

published on : 10th May 2022

ICICI Bank stock jumps nearly 1 per cent after earnings

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.

published on : 25th April 2022

Aditya Birla Capital appoints ICICI Bank veteran Vishakha Mulye as CEO

Mulye, who was the executive director of ICICI Bank in charge of the wholesale banking portfolio, will take over her role on June 1.

published on : 24th April 2022

ICICI Bank Q4 net profit surges by 59 per cent to Rs 7,019 crore

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.

published on : 23rd April 2022

ICICI Bank, GIFT SEZ join hands to promote GIFT SEZ to Indian, global businesses

GIFT SEZ is the country's first International Financial Services Centre (IFSC) which is being developed as a global financial services hub.

published on : 13th April 2022

No PSB bank employees found involved in Rs 14,349 crore ABG Shipyard bank fraud case: Sitharaman

As many as 27 banks and financial entities were engaged in the consortium lending to ABGSL at the time of loan arrangement.

published on : 15th March 2022

RBI imposes penalty on PNB, ICICI Bank for deficiencies in regulatory compliance

In the case of the ICICI Bank, the RBI said the statutory inspection for supervisory evaluation of the bank was conducted by it with reference to its financial position as of March 31, 2019.

published on : 15th December 2021

RBI refuses to comment on ICICI Bank corporate governance issue

As the controversy grabbed headlines, the board had in early June asked Kochhar to proceed on leave till an external enquiry panel headed by retired Supreme Court judge BN Srikrishna was complete.

published on : 1st August 2018

SEBI favours adjudication proceedings against ICICI Bank, CEO Chanda Kochhar

ICICI Bank may face a penalty of up to Rs 25 crore under the relevant SEBI regulations for such lapses, while the fine for Kochhar may go up to Rs 1 crore.

published on : 25th June 2018

ICICI Bank yet to respond to SEBI on Chanda Kochhar issue

Last month, SEBI initiated adjudication proceedings against the bank and its MD & CEO Chanda Kochhar in the controversial case of loans given to Videocon Group.

published on : 22nd June 2018

All you need to know about ICICI Bank's interim CEO Sandeep Bakhshi

Bakhshi, who currently heads ICICI's life insurance arm, will take up a newly created position of chief operating officer at the bank for a five-year term beginning June 19.

published on : 19th June 2018

Chanda Kochhar to remain on leave, Sandeep Bakhshi appointed COO: ICICI Bank

Kochhar and her family members are facing allegations of quid pro quo and conflict of interest with respect to a loan extended to the Videocon group.

published on : 18th June 2018

Videocon case: ICICI Bank, Chanda Kochhar face US regulatory probe; Indian agencies may seek foreign help

Earlier in March, when the reports first surfaced in this regard, the bank had said that its board has "full confidence and reposes full faith" in Kochhar.

published on : 10th June 2018

ICICI's Chanda Kochhar helped Essar round-trip Rs 453 crore, says whistleblower

Whistle-blower Arvind Gupta, in March 2016, had written a letter to the prime minister alleging dirty dealings between the bank, through Chanda Kochhar, and the Videocon Group to benefit her family.

published on : 2nd June 2018

Videocon case: Pushed to a corner, ICICI Bank opts for credible probe against Chanda Kochhar

Independent inquiry to get to the bottom of allegations of quid pro quo deal with Videocon Group, conflict of interest.

published on : 31st May 2018

ICICI to set up enquiry on allegations against CEO Chanda Kochhar

The bank is battling allegations that Kochhar allegedly favoured Videocon Group in its lending practices. 

published on : 30th May 2018

ICICI-Videocon loan case: I-T department questions Venugopal Dhoot

The case pertains to a possible and alleged tax evasion angle in the ICICI bank issuing a Rs 3,250 crore loan to the Videocon Group in 2012.

published on : 16th May 2018

ICICI Bank CEO Chanda Kochhar stays mum on Videocon row

Kochhar projected the image that, for the country’s second largest private bank and its board, business was as usual.

published on : 8th May 2018
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