Page 34 - Icici Bank

ICICI Bank Q2 net up 2.37% at Rs 3,102 crore

Stock up 3%; asset quality of Rs 32,500-cr loans on watch list

ICICI Bank cuts lending rate by 0.1%

Public sector Corporation Bank also reduced MCLR rate by 0.05% across the board

Robotics have reduced ICICI Bank's error rates: Chanda Kochhar

Several of the bank's processes are undergoing a technological transformation, said.

ICICI: Good tidings roll, more needed

The sale of Essar Oil to Rosneft is a key trigger behind the lender's 12% rally this week so far

ICICI surges most since March on debt-recovery hopes

ICICI Bank Ltd, India's largest private-sector bank, rose the most in seven months in Mumbai trading on optimism the lender will recover some of its loans to Essar Group.Shares of the bank rose seven per cent to Rs 258.7, while the locally listed stock of Standard Chartered Plc, also owed money by Essar, gained 1.6 per cent. ICICI was the best performer on the benchmark S&P BSE Sensex index, which fell 0.5 per cent.Prospects for loan recoveries rose after Essar Group agreed to sell its refinery unit to Rosneft PJSC, Russia's biggest listed oil producer, and a group of Trafigura and United Capital Partners for about $13 billion. The all-cash deal will help Essar, which also runs steel mills and ports, cut its debt by more than 50 per cent, Prashant Ruia, a director at the group said in an interview on Sunday.The transaction will help Essar repay $5 billion to the lenders to its holding company, Ruia said. ICICI, Standard Chartered, and Axis Bank Ltd are the banks with the largest ex

ICICI Bank surges on Essar-Rosneft deal

The stock surged nearly 6% to Rs 256 on the BSE in intra-day trade on back of heavy volumes.

ICICI Bank reshuffles top deck

Anup Bagchi replaces Sabharwal; Shilpa Kumar will be new head of ICICI Securities; B Prasanna, Shailendra Jhingan given new roles

ICICI Bank first Indian lender to execute Blockchain transaction

Blockchain allows one to change the age old process of maintaining a ledger that can be accessed only by one party

ICICI Bank executes India's first transaction on blockchain

The usage of blockchain technology simplifies the process and makes it almost instant-to only a few minutes

ICICI Bank to redeem bonds worth $340 million

The bank, on August 24, 2006, had issued 7.25 per cent perpetual non-cumulative subordinated debt securities

ICICI Bank lowers lending rates by 0.5%

Its one-year MCLR now stands at 9.05%

ICICI Bank eyes 5 million transactions via voice-recognition

It verifies a caller's identity through natural conversation by analysing over 100 characteristics including spped, accent, pronunciation

I-Pru Life gains can boost ICICI Bank's financials

Listing boost from subsidiary could result in 10-20% re-rating of the bank's stock

ICICI Bank to offload another 6% in insurance arm in next 3 years

The bank will also be diluting over 12% of its stake in ICICI Prudential Life Insurance through IPO

Robots to perform a fifth of internal jobs at ICICI Bank

Other private banks also planning to employ bots soon

ICICI Bank deploys 'software robots' to perform banking operations

Plans to more than double the software robots to over 500 by end of this fiscal

ICICI Bank stock ripe for re-rating: Analysts

While listing of the life insurance business is the immediate trigger, benign valuations and improving fundamentals provide further support

ICICI goes live with banking transaction product on mobiles

The bank claimed that it is the first lender in Asia to offer such a product under the label of 'iMobile SmartKeys'

ICICI Bank eyes 3 million transactions via e-toll plazas by March

The lender is also planning to issue 400,000 tags to motorists to allow them hassle-free passage through toll plazas on national highways

S&P downgrades ICICI Bank's standalone credit profile

The bank's asset quality will remain under pressure over the next 12 months