HDFC Bank’s Aditya Puri highest paid, ICICI Bank Sandeep Bakshi forgoes salary in Covid-19 year
NEW DELHI: HDFC Bank’s Aditya Puri emerged as the highest grossing banker among the top three private sector lenders in his retirement year with total emoluments of Rs 13.82 crore. His successor Sashidhar Jagdishan, who took over as the chief executive and managing director of the largest private sector lender on October 27, 2020 grossed […]
BharatPe raises Rs 139 crore in debt from Alteria Capital, ICICI Bank
NEW DELHI: Fintech company BharatPe on Sunday said it has raised Rs 139 crore (about USD 20 million) in debt from venture debt firm Alteria Capital and ICICI Bank that will be used to strengthen its lending business and provide credit to merchants. Founded by Ashneer Grover and Shashvat Nakrani in 2018, BharatPe offers merchants […]
HDFC, ICICI Bank and SBI, among top-10 lenders in 2020: Report
NEW DELHI: HDFC, ICICI Bank, SBI, Yes Bank, PNB and HSBC Bank emerged as the top-10 banks in 2020, while Google Pay and PhonePe were the top wallets among the customers, according to a report. The BFSI (banking, financial services and insurance) Movers and Shakers 2020 report by Wizikey talks about the top-100 banks in […]
ICICI Bank sets up presence in Nepal
MUMBAI: Lending major ICICI Bank on Thursday launched its operations in Nepal, via a representative office, to become the first Indian private sector bank to set up its presence in the country. The bank opened a representative office in Kathmandu which will closely work with the domestic banks in Nepal to facilitate investment, trade, payments […]
Visa, ICICI Bank tie-up to aid fintechs
NEW DELHI: Digital payments major Visa on Monday announced a collaboration with ICICI Bank on its ‘Visa in a Box’ programme for fintech acceleration. Through this collaboration, fintechs can access APIs and the developer sandbox of Visa and ICICI Bank, to rapidly build, test and deploy consumer payment applications, Visa said in a statement. ICICI […]
ICICI Bank crosses Rs. 2 trillion mark in mortgage portfolio
NEW DELHI: ICICI Bank has announced that its mortgage loan portfolio has crossed the milestone of Rs. 2 trillion (Rs. 2 lakh crore), making it the first private sector bank in the country to achieve this feat. The achievement can be attributed to ICICI Bank’s focus on offering a hassle free and frictionless experience to […]
ICICI bank’s Q2FY21 net profit zooms to Rs 4,251 crore
NEW DELHI: Private sector lending major ICICI bank on Saturday reported an exponential rise in standalone net profit for the second quarter of 2020-21. Accordingly, the lenders net profit rose to Rs 4,251 crore ($576 million) in the quarter ended September 30, 2020 from Rs 655 crore ($89 million) reported for the corresponding quarter of […]
ICICI Bank shuts down operations in Sri Lanka
NEW DELHI: ICICI Bank on Saturday said it has shut down operations in Sri Lanka after getting approval from the Sri Lankan monetary authority. The Monetary Board of the Central Bank of Sri Lanka, having considered the request made by ICICI Bank, has granted approval to close down business operation of the bank in Sri […]
Review appointment of KV Kamath as head of loan rejig panel: AIBEA to RBI
NEW DELHI: The All India Bank Employees Association (AIBEA) has expressed its opposition to the appointment of ICICI Banks former CEO and non Executive Chairman K.V.Kamath as the Head of the Expert Committee on Resolution Framework for Covid19-related Stress as his name figures in a CBI First Information Report (FIR). The AIBEA in a letter […]
ICICI Bank”s Q4FY20 standalone net profit up 26%
NEW DELHI: Private sector lender ICICI Bank on Saturday reported a 26 per cent year-on-year rise in its standalone net profit for the fourth quarter of 2019-20. According to the bank, its net profit during the quarter under review rose to Rs 1,221 crore from Rs 969 crore reported for the corresponding period of the […]
ICICI Bank gets 7.97% stake in YES Bank via Rs 1,000 crore capital infusion
NEW DELHI: ICICI Bank on Tuesday said it has acquired 7.97 per cent stake in YES Bank through its Rs 1,000 crore capital infusion in the troubled private sector lender. ICICI Bank Ltd has acquired 100 crore equity shares pursuant to the YES Bank Ltd Reconstruction Scheme, 2020 notified by the government under the Banking […]
Chanda Kochhar should pay back bonuses, says ICICI Bank in petition to court
NEW DELHI: The ICICI bank has approached the Bombay High Court seeking effect to “termination of appointment” of Chanda Kochhar as its Managing Director and CEO, and also sought recovery of various amounts from her. In a monetary suit filed on January 10, the bank sought dismissal of Kochhar’s petition and stated that the issue […]
ED attaches Rs 78 crore worth assets of Chanda Kochhar and others
NEW DELHI: Assets worth Rs 78 crore have been attached by the ED in connection with a money laundering probe against former ICICI Bank Chairman Chanda Kochhar and others, officials said on Friday. A provisional order under the Prevention of Money Laundering Act (PMLA) has been issued for attachment of the properties that includes Kochhar’s […]
ICICI Bank posts standalone net profit of Rs 1,908 crore for June quarter
NEW DELHI: Improvement in asset quality led ICICI Bank to report a consolidated net profit of Rs 2,513.69 crore for the June quarter on Saturday, against Rs 4.93 crore profit in the year-ago period. On a standalone basis, the second largest private sector bank by assets reported a net profit of Rs 1,908 crore against […]
Rs 2-trillion bank frauds in 11 years: ICICI Bank, SBI report maximum cases
NEW DELHI: Of over 50,000 frauds that hit banks in India in the last 11 fiscal years, the ICICI Bank, State Bank of India (SBI) and HDFC Bank reported highest number of cases, according to an RBI data. Of the total 53,334 cases of frauds reported during 2008-09 and 2018-19 fiscal years, involving a whopping […]
‘Adventurism over professionalism’: Arun Jaitley flays CBI for Chanda Kochhar probe
NEW DELHI: A day after the CBI named banking doyen K V Kamath and virtual who’s who of the sector for questioning in the alleged fraud case against former ICICI Bank CEO Chanda Kochhar, union minister Arun Jaitley Friday advised investigating agency to avoid “adventurism” and concentrate only on the bull’s eye. Jaitley, who is […]