As far as credit growth is concerned, ICICI Bank’s retail assets, which constituted 53 per cent of its loan portfolio as of June, saw a 19 per cent y-o-y growth. Its total advances grew 3 per cent y-o-y to Rs 4.64 lakh crore.
CBI issued a press release clarifying its stand and explained how the raid on NDTV promoters was in consonance with the law and done with prior approvals. The provisions of Prevention of Corruption Act, 1988 are applicable to the officials of private banks.
The CBI registered a case against the Roys, a private company and others for causing monetary loss to ICICI Bank by defaulting on loans. Searches were conducted at four locations including in Delhi and Dehradun. The company in question is RRPR Holdings pvt ltd founded by the Roys.
Kochhar drew a total salary of Rs 7.85 crore for the financial year 2016-2017.
Shares of the company plunged 4.73 per cent to Rs 225.40 on BSE.
Firm provides another Rs 3,600 crore to tackle future non-performing assets.
The bank also launched two new digital initiatives to simplify and quicken the assessment for new home loans as well as disbursements linked to the construction stage of projects.
Reports 12% growth in net profit at Rs 3,030 crore for 3 months ended September
HDFC Bank and ICICI Bank on Thursday announced two initiatives on their digital banking platform.
In its last bi-monthly monetary policy review on August 4, the RBI maintained the status quo on rates.
The Centre is planning to come out with a universal health scheme and an exclusive all-in-one insurance product for farmers as part of its ongoing efforts to bring people under the social security net.
Under the pact, the bank would be headquartered in Shanghai, with India nominating its first president.
Barring ICICI Bank, rest nine companies, including TCS, RIL, ONGC and ITC suffered losses in their market capitalisation (m-cap).
Home loan player HDFC is expected to lower lending rates later this week.
Deepak Parekh on Tuesday said unidentifiable shell companies are being used for paying bribes and ‘speed money’ remains a challenge for corporates.