Equity investment in UK & Canada drops from 11.8% in FY10 to 4.8% in FY16
Here is a quick compilation of what brokerages suggest
Consensus continues to be cautious with analysts pointing towards tougher days ahead
Performance bonus would however be paid to employees in grades of Deputy General Manager and below
Biggest drop in quarterly profit, after setting aside reserves on top of NPAs to cushion future defaults
The decision comes at a time when the bank is reeling under bad loans
Analysts raise questions on lack of adequate disclosure on stressed assets
Acquisition has happened under the terms of strategic debt restructuring (SDR)
ICICI Bank, PNB, BOB, Federal Bank, SBI, Yes Bank and Canara Bank were up more than 1% each on the NSE.
Through virtual cards, customers can initiate electronic payments from NFC enabled smartphones by just waving their phones near a contactless merchant terminal
Inexpensive valuations, likely recovery from some clients, well-capitalised book are triggers
It offers customers offers including an all-expenses-paid trip for top spenders to Italy and also includes a Scuderia Ferrari watch as a joining gift
It is likely to eclipse the positives of well-capitalised book and inexpensive valuations
Around 4.62 million shares representing 0.08% of total equity of ICICI Bank changed hands on the BSE at 09:18 AM.
An eligible customer will get a subsidy at 6.5% pa on max Rs 6 lakh or loan amount, whichever is lower, for a max tenure of 15 years.
Affirms rating for deposits and bonds
ICICI Bank will seek shareholders nod for appointment of M K Sharma as non-executive chairman of board of directors for three year term effective July 1, 2015-June 30, 2018.