Page 12 - Icici Bank

AMNS India executes paperless bill discounting transaction with ICICI Bank

AMNS India on Sunday said its has executed "a paperless bill discounting transaction" in partnership with ICICI Bank.

Stocks to watch: RIL, PNB Housing, Centrum Capital, HDFC Bank, ICICI Bank

S&P Global Ratings on Friday said it has revised the rating outlook on ICICI Bank Ltd to stable from negative

S&P revises ICICI Bank credit rating outlook to stable from negative

S&P Global Ratings on Friday said it has revised the rating outlook on ICICI Bank Ltd to stable from negative on grounds that the lender will benefit from the sale of stake in subsidiaries. The rating agency affirmed its 'BBB-' long-term and 'A-3' short-term issuer credit ratings on ICICI Bank. "We revised the rating outlook to reflect our view that ICICI Bank will maintain its strong capital position over the next 24 months. The bank will benefit from the sale of a stake in subsidiaries and gradual normalization of earnings, which should reduce risks associated with its capital position," it said. In a statement, S&P forecast that ICICI Bank will maintain a risk-adjusted capital (RAC) ratio of more than 10 per cent over the next 24 months. "Our expectation factors in 13-14 per cent credit growth for the bank, an improvement in earnings, and sale of stake in insurance subsidiaries over the period," it said. ICICI Bank's stressed loans (non-performing loans and restructured ...

ICICI Bank offers digital banking solutions to corporates, their partners

The bank aims to become the preferred banking partner for companies and their entire ecosystem

ICICI Bank raises Rs 2,827 crore by issuing bonds on pvt placement basis

Private sector lender ICICI Bank has raised more than Rs 2,827 crore by issuing bonds on private placement basis.The bonds carry a coupon rate of 6.45 per cent per annum payable annually and were issued at par. There are no special rights or privileges attached to them.The allotment date is June 15 and redemption date is June 15, 2028. The bonds will be listed in relevant segment of the National Stock Exchange (NSE) of India.On April 24, the bank's board of directors had approved the fund-raising through the issuance of debt securities."Pursuant to the same, the bank has allotted 28,274 senior unsecured redeemable long-term bonds in the nature of debentures aggregating to Rs 2,827.40 crore on a private placement basis," said the lender in regulatory filings at stock exchanges.The bonds are rated 'CARE AAA stable' and 'ICRA AAA stable.'Indian banks have been raising capital to insulate themselves from a surge of bad loans as the novel coronavirus pandemic continues to batter the ...

Stocks to watch: ICICI Bank, Dish TV, Adani Ports, Jubilant Pharmova, Lupin

Dr Reddy's Laboratories (DRL) on Tuesday said it has been asked to pay $46.25 million to Australia-based Hatchtech Pty Ltd as part of an asset purchase agreement between the two parties in 2015

ICICI Bank raises Rs 2,827 cr by issuing bonds on private placement basis

ICICI Bank on Tuesday said it has raised over Rs 2,827 crore by issuing bonds on a private placement basis. Its board of the directors in April this year had approved the fundraising through the issuance of debt securities. "Pursuant to the same, the bank has allotted 28,274 senior unsecured redeemable long-term bonds in the nature of debentures aggregating to Rs 2,827.40 crore on a private placement basis," ICICI Bank said in a regulatory filing. The bank said the allotment date is June 15, 2021. The redemption date of the bonds is June 15, 2028. "There are no special rights/privileges attached to the bonds. The bonds carry a coupon of 6.45 per cent per annum payable annually and were issued at par," it added. The lender said it will list the bonds in the relevant segment. The bonds are rated 'CARE AAA stable' by Credit Analysis & Research and 'ICRA AAA stable' by ICRA. ICICI Bank's shares on Tuesday closed 1.57 per cent up at Rs 645.05 apiece on the BSE.

ICICI Venture eyes digital start-ups, real estate fund of $300-400 million

The leading private equity player is re-entering the start-up space after around two decades

ICICI Bank says mobile app has 2 million customers from other banks

The bank opened its banking platform to all in December 2020.

Nomura remains overweight on India; Infosys, RIL, ICICI Bank among top bets

Going ahead, Nomura said, markets will focus more on corporate earnings rather than the broad economic growth in India

Global stocks hit record high, India takes breather; ICICI Bank falls 1.8%

The MSCI World Equity index rose 2.4 points, or 0.34 per cent, to 713.85, marking a new record high

Street signs: Call date with RIL, Pair strategy for Axis, ICICI Bank & more

Prices of key raw materials, such as copper, steel and aluminium, are up between 20 and 40 per cent in one year

Nifty outlook & trading ideas by HDFC Sec: Buy Berger Paints, ICICI Bank

The immediate target for the Nifty50 index is seen above the all-time high of 15,432 odd levels

Stocks to watch: Adani Ports, JSW Energy, Tata Chemicals, LTTS, ICICI Bank

Larsen & Toubro Technology Services (LTTS) posted a 5 per cent decline in consolidated net profit at Rs 194.5 crore in the March 2021 quarter

RBI imposes a Rs 3-cr penalty on ICICI Bank for violating prudential norms

The central bank said it found contravention of norms in the matter of 'shifting of securities from one category to another'

RBI imposes Rs 3 cr fine on ICICI Bank for violating certain rules

The central bank said it found contravention of norms in the matter of 'shifting of securities from one category to another'

Banking is essential; allow vaccines for bankers on priority: ICICI Bank

ICICI Bank on Thursday said it is "much better" prepared to restrict the impact of the second coronavirus wave on its operations

ICICI Bank launches digital service for retail merchants, offers credit

Lender says it aims to provide services in 'one single place' to more than 20 million retail merchants.

Early results show investors will be very selective with bank stocks

HDFC Bank disappointed, while ICICI Bank's Q4 boosted sentiment lifting many peers too

Here is why analysts think ICICI Bank is the new growth leader post Q4 nos

Market mavens have revised their target price on the scrip on the upside to factor-in stable asset quality and steady growth momentum