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The combined market valuation of seven of the top-10 most-valued firms eroded by ₹1.13 lakh crore last week, with Bharti Airtel and Reliance Industries emerging as the biggest laggards, in-tandem with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 276.32 points, or 0.35%, and the NSE Nifty dipped 76.35 points, or…
ICICI Bank. File | Photo Credit: Reuters ICICI Bank has priced a $1 billion five-year dollar bond at a much tighter spread than initially indicated, in the largest such issue by an Indian lender in nearly 14 years, three bankers said. The bank set the coupon at 100 basis points over U.S. Treasuries, sharply lower…
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ICICI Bank on Monday said it intends to retain its majority shareholding in ICICI Prudential Life Insurance Company “ensuring our long-term commitment.” The announcement, by way of a filing, comes on the heels of joint venture partner in the life insurance business Prudential Corporation Holdings saying Prudential Plc will acquire a 75% stake in Bharti…
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ICICI Bank had reported a consolidated net profit of ₹13,502 crore in the year-ago period. File | Photo Credit: Reuters ICICI Bank’s consolidated net profit increased by 9.28% to ₹14,755 crore in the March quarter, according to an exchange filing on Saturday (April 18, 2026). It had reported a consolidated net profit of ₹13,502 crore…
Read More “ICICI Bank Q4 net profit up 9% at ₹14,755 crore, provisions decline sharply” »
ICICI Bank. | Photo Credit: Reuters ICICI Bank has reported the lowest employee attrition rate among large private sector lenders in the last three financial years, reflecting higher stickiness due to competitive remuneration and a better working environment. During the last three financial years, the industry has also witnessed a sustained decline on a year-on-year…
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ICICI bank. File | Photo Credit: Reuters ICICI Bank on Saturday (January 25, 2025) reported a 15% rise in standalone net profit at ₹11,792 crore for the third quarter ended December 2024. The second-largest private sector lender had earned a net profit of ₹10,272 crore in the same quarter a year ago. “Total income increased…
Read More “ICICI Bank Q3 profit rises 15% to ₹11,792 crore” »
From the 30 Sensex pack, ICICI Bank climbed nearly 3% after the private sector lender posted a 14.5% growth in standalone profit to ₹11,746 crore for the second quarter ended September-2024. File | Photo Credit: Reuters Equity markets rebounded in early trade on Monday (October 28, 2024), driven by buying in the stock of blue-chip…
Read More “Markets rebound in early trade on buying in ICICI bank, firm trends in Asian peers” »
Further investigation is underway (Representational) Vijayawada: Account holders in three branches of ICICI Bank in Andhra Pradesh’s Palnadu and NTR districts have lost about Rs 28 crore. The Crime Investigation Department (CID) is investigating that 72 account holders in the Chikaluripet and Narsaraopet branches in the Palnadu district and Vijayawada branch in the NTR district…
Read More “Account Holders In 3 ICICI Bank Branches In Andhra Pradesh Lose Rs 28 Crore” »
Exchange Data said that FIIs bought equities worth ₹2,208.23 crore on Tuesday (September 10, 2024). File | Photo Credit: Reuters Equity benchmark indices declined in early trade on Wednesday (September 11, 2024) after two days of gains amid selling in Tata Motors and weak trends in Asian markets. The 30-share BSE Sensex fell 111.85 points…
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ICICI Bank on July 27 reported 9.96% increase in June quarter consolidated net profit at ₹11,695.84 crore. The company had logged a profit of ₹10,636.12 crore in the same period of 2023-24. | Photo Credit: Reuters ICICI Bank on July 27 reported 9.96% increase in June quarter consolidated net profit at ₹11,695.84 crore. The company…
Read More “ICICI Bank Q1 results: profit rises 10% to ₹11,696 crore” »