ICICI Bank had recently in the 4th quarter, shown a 158.4 percent growth in net profit which was mainly from the recoveries from Essar Steel. It has now notified two other big slippages in the third quarter, including its exposure to Karvy Stock Broking. “During the quarter, there were certain developments to a broking company. … Read more ICICI Bank Classified Karvy as NPA
The Reserve Bank of India (RBI) told the Bombay High Court that the decision it took to grant approval to ICICI Bank for termination of appointment of Chanda Kochhar as MD and CEO was not ant arbitrary decision, and was fair. Last month, central bank files an affidavit in response to a Kochhar’s petition, challenging … Read more RBI defends the approval of termination of Chanda Kochhar
Recently ICICI Bank has launched a new scheme of Fixed Deposit of FD health. As per this scheme you would get the double advantage of a Fixed deposit and a Health insurance which will be of Rs. 1 Lakh. “This offering is a first in the industry and provides advantage of safety and growth of … Read more ICICI Bank Introduced an FD scheme with Free Insurance. Is it Good?
ICICI Bank has announced that the bank has now exited the GST Network. The Bank is facilitating the collection of Indirect Tax by selling its stake. It sold entire stake of GST network which was 10 per cent, to 13 state governments. In a regulatory filing ICICI Bank said that the total stake sale was … Read more ICICI Bank sold its entire stake in GST network
With the beginning of the festive season, private sector lender ICICI Bank has launched its festive bonanza — extra discounts, cashbacks and vouchers for its customers. The bank is offering various discounts on a host of products ranging from apparels, grocery, electronics, jewellery, entertainment, dining, travel, health and wellness and utility payment. More than 5000+ premium brands … Read more For Festival, ICICI Bank has launched discount offers over 5000 Brands
Industries are now using robots for many of their work. Latest in the list is banking industry. Banking sector is now moving ahead in technology with these steps. The ICICI bank is the one which took this initiative in the banking sector. ICICI bank has recently announced that it will use robots for counting cash … Read more ICICI Bank Started using Robots for cash counting
ICICI Internet Banking provides you with a convenient way to do banking right from your home or office with comfort instead of queues and delays. You can do right from your couch what you can do from a banking branch. Whether it is payment of utility bills or making transactions or ordering your checkbook or … Read more ICICI Bank Net Banking