Icici Bank

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ICICI Bank, ICICI Q1 profit, ICICI loss, ICICI NPA, NPA, Business news, Indian Express

ICICI profit declines 8.2% on high NPAs

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.

What is the CBI’s jurisdiction, when can it conduct raids?

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.

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CBI raids NDTV promoters: Channel says witch-hunt, govt denies charge and everything you need to know

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.

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ICICI Bank CEO Chanda Kochhar earned Rs 2.18 lakh a day in 2016-17

Kochhar drew a total salary of Rs 7.85 crore for the financial year 2016-2017.

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ICICI Bank continues to fall, shares drop 5%

Shares of the company plunged 4.73 per cent to Rs 225.40 on BSE.

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10-year low: ICICI Bank net plunges 76 per cent to Rs 701.89 cr on NPA surge

Firm provides another Rs 3,600 crore to tackle future non-performing assets.

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ICICI’s home loans book crosses Rs 1-tn mark

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.

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ICICI Bank to sell 9% in general insurance JV for Rs 1,550 crore

Reports 12% growth in net profit at Rs 3,030 crore for 3 months ended September

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HDFC Bank & ICICI Bank update their digital strategy

HDFC Bank and ICICI Bank on Thursday announced two initiatives on their digital banking platform.

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Moving towards softening interest rate environment, says Kochhar

In its last bi-monthly monetary policy review on August 4, the RBI maintained the status quo on rates.

Govt set to unveil farm, health insurance for masses

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.

KV Kamath appointed the first president at $100-bn Brics Bank

Under the pact, the bank would be headquartered in Shanghai, with India nominating its first president.

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Top-9 Sensex cos lose Rs 65,919 cr in market valuation

Barring ICICI Bank, rest nine companies, including TCS, RIL, ONGC and ITC suffered losses in their market capitalisation (m-cap).

Axis Bank trims base rate by 0.2% to 9.95%

Home loan player HDFC is expected to lower lending rates later this week.

Corporates using shell companies to pay bribes: Parekh

Deepak Parekh on Tuesday said unidentifiable shell companies are being used for paying bribes and ‘speed money’ remains a challenge for corporates.