The funds mopped up could be utilised primarily to aid the bank's growth
Based on consensus estimates and their own analysis, earnings for the Sensex and Nifty indicate a growth of 4% and 6% YoY, respectively at the aggregate level.
Under this partnership, IndoStar will originate and service the customers through the entire loan life-cycle including sourcing, documentation, collection and loan servicing
The one-year MCLR, to which a majority of loans like residential mortgages and auto loans are tied, now stands at 8.65%
New management in place, asset quality on mend and reasonable valuations bode well for the stock.
JAL owes around Rs 1,296 crore and the bank had approached NCLT to recover the dues by filing an insolvency plea
The Enforcement Directorate (ED) had last month questioned and recorded the statements of Chanda Kochhar and her husband Deepak Kochhar over multiple sessions.
The rating action comes amid the challenges the bank faces in its operating environment, Fitch Ratings said in a statement
Now, the bank's mantra was "profitable and sustainable" growth, Kochhar said
The tribunal held that "on account of duplicacy" of the claims, the petition filed by ICICI Bank "can not be entertained"
ICICI Bank on Monday reported a profit of Rs 969 crore in Q4FY19.
Net interest income (NII) is also expected to see a jump of about 20 per cent y-o-y to come within a range of Rs 7,100 crore to Rs 7,300 crore
The additional documents have also been sought from NuPower, Supreme Energy and Videocon Group
In the absence of appropriate regulations and sophisticated technology, Indian investigators have their work cut out
Confirming the order, V Suresh, counsel for ICICI Bank said that the court dismissed the revision petition and allowed the bank to recover Rs 221 crore, with interest from 2010
On Thursday, the counter moved up nearly 3 per cent to Rs 375 levels in intra-day trade, as compared to 0.6 per cent rise in the S& BSE Sensex and 0.7 per cent up move in the S&P BSE Bankex.
Net interest income up 21% to Rs 6,875 cr, other income rises 9% to Rs 3,404 cr
It is alleged that during the tenure of Chanda Kochhar, six loans worth Rs 1,875 crore were cleared for Videocon Group and its associated companies
The stock was down 5% to Rs 338 on Monday, trading at its lowest level since December 11, 2018.
The agency had carried out searches at multiple locations after the charge of the case was given to new investigating officer Mohit Gupta, they said.