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ICICI Bank News
Sensex crosses 29,000-mark, Tata Motors rise3%
Thu, Mar 02, 2017
Analysts at HDFC Securities said, "The markets are likely to open positive today, driven by positive domestic and global cues, following US President Donald Trump's Joint Congress address. Realty and Metal is expected to trade in positive zone, while Auto and Energy sectors are likely to trade in the negative zone."
10 lakh bankers go on strike today; will your salary credit be affected?
Tue, Feb 28, 2017
About 10 lakh bankers have observed one-day strike across India on Tuesday to protest against the government's "anti-people banking reforms" and to press their demands to the government for compensation for the extra work done during the demonetisation period.
Bank strike likely on Feb 28, may dent services
Sun, Feb 26, 2017
Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.
Demonetisation impact: ICICI Bank, Axis Bank's NPLs to rise further, Moody's says
Thu, Feb 23, 2017
The report mentioned that both the banks have seen significant additions to their non-performing loans (NPLs) from outside of their already announced watchlist accounts.
Nifty closes over 8,900-mark; Bharti Airtel top loser on BSE
Tue, Feb 21, 2017
Axis Bank was the top gainer on both BSE Sensex and NSE Nifty after media reports said HDFC Bank, ICICI Bank and IndusInd Bank have approached the Government of India to acquire the Mumbai-based bank.
Is Paytm spending Rs 600 crore to take on BharatQR?
Mon, Feb 20, 2017
While the government announced the launch of Bharat QR code, Paytm announced investment of Rs 600 crore in its QR code system.
Jaiprakash Power allots 305.8 crore shares to lenders under SDR scheme
Sun, Feb 19, 2017
In a BSE filing on February 18, 2017, Jaiprakash Power said, "We wish to inform that upon approval of allocation of conversion of part of outstanding debt amount into equity shares amongst banks and financial institutions, the stakeholders relationship committee in its meeting, has alloted 305,80,00,000 equity shares of Rs 10 each at a price of Rs 10 per share to its lenders pursuant to implementation of SDR."
GST's IT infra firm under scrutiny for tax evasion
Sat, Feb 18, 2017
"It is a preliminary inquiry to seek clarification. But as a first step, we just send a letter and summon comes only as the second resort. In this case, it looks like the work of an over-enthusiastic assessing officer who has skipped the first step and directly given a summon, which is wrong," the source told IANS.
Banks rush to buy cyber security cover as digi payments rise
Sun, Feb 12, 2017
"We have always seen maximum security in all our IT systems. We are now considering to avail cyber insurance covers for our customers," SBI managing director Rajnish Kumar told PTI here.
ICICI Bank reports 19% drop in Q3FY17; NPAs rise to Rs 20,155 crore
Tue, Jan 31, 2017
Net interest income was Rs 5,363 crore in the FYQ317 compared to Rs 5,453 crore FYQ316.
ICICI Bank shares slip ahead of Q3; analyst see 20% PAT drop
Tue, Jan 31, 2017
The bank's provisions and contingencies for the quarter (Q2FY17) had increased by 651.75% to Rs 7082.69 crore.
Now, NPCI tells PhonePe app is in contravention of UPI guidelines
Fri, Jan 20, 2017
After directing ICICI Bank to accept payments from PhonePe app through UPI, it now tells PhonePe it has been going against the guidelines.
NPCI asks ICICI Bank to open up to PhonePe "immediately"
Fri, Jan 20, 2017
SBI had also blocked money transfers by its account holders to Paytm, Mobikwik and Freecharge.
PhonePe urges ICICI Bank to give reasons for blocking transactions
Tue, Jan 17, 2017
In August, Flipkart's PhonePe subsidiary had partnered with Yes Bank to introduce unified payment interface (UPI) based mobile payments app.
India Inc hails N Chandrasekaran elevation as Tata Sons' chairman
Thu, Jan 12, 2017
As Tata Sons named TCS boss N Chandrasekaran as its new chairman ending months of speculation, industry leaders, and Twitterati gave their thumbs up, expressing optimism on the future of the country's largest conglomerate.
Fino Paytech raises Rs 149 crore from ICICI Bank's insurance arms
Wed, Jan 11, 2017
Payments bank licensee Fino Paytech on Wednesday said it has raised Rs 149 crore from ICICI Lombard and ICICI Prudential, clearing the decks for it to seek Reserve Bank of India's (RBI) final nod as it becomes a majority domestic investors-owned entity.
Govt's e-payments platform BHIM App witnesses over 10 million downloads in 10 days
Mon, Jan 09, 2017
The government's recently launched e-payments platform BHIM App has witnessed over 10 million downloads in 10 days. Prime Minister Narendra Modi had launched BHIM App during his address to 'DigiDhan Mela' in New Delhi on December 30 last year, according to earlier PTI report.
Interest Rate Cut: Real estate companies expect more to boost demand for housing
Thu, Jan 05, 2017
After all leading banks lowered their home loan rates, real estate developers are now expecting further rate cuts in order to boost demand for housing.
After Indiabulls Housing Finance, HDFC, now Dewan Housing Finance cuts home loan rate
Wed, Jan 04, 2017
Talking on the housing finance sector, Harshil Mehta CEO OF DHFL said, "The Government’s recent decision to provide interest rate relief to home buyers and to those who wish to plan a home in 2017, as well as several past initiatives have created a growth-enabling and conducive environment for the housing finance sector."
Indiabulls Housing Finance revises home loan rate by 45 basis points
Tue, Jan 03, 2017
Gagan Banga, Vice Chairman and Managing Director of Indiabulls Housing Finance said, "IBHFL's diversified funding mix and ALM-matched nature of our liabilities has enabled the company to reduce home loan rates by 45 basis points. Home loan rates are now at their lowest in six years and tremendously improves the buyers affordability."