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Sandeep Bakhshi took over the reins of ICICI Bank at a rough time. He steered the bank out of troubled water in the past four years, winning back trust. He's Business Standard's 'Banker of the Year'
The changes will take effect on Monday.
Earlier, Buch had held a number of top positions in the private sector, including at ICICI Bank
The government on Tuesday said investigations in the ABG Shipyard case were delayed because some state governments including Maharashtra had withdrawn the agency's power to probe and their approval for the case came much later. Replying to a query in Rajya Sabha, Finance Minister Nirmala Sitharaman said there was no delay by the Centre in taking action after identification of fraud by the State Bank of India following the forensic report from Ernst & Young. The minister also took a dig at the previous UPA government and said eight times money was given to ABG Shipyard, a company that was going through restructuring. "There was not one credit enhancement after 2014," she said, adding it is the "biggest fraud perpetrated". Sitharaman's reply came in support of Minister of State for Finance Bhagwat Karad, who was replying to a question from SP member Sukhram Singh Yadav, over delay in the CBI investigations in the ABG Shipyard matter. Yadav also wanted to know the action taken ...
According to NACH data, the metric improved by 100 bps by value over Jan, to 22.4%. By volume, it stood at 29.2%, an improvement of 40 bps over Jan
Rating agency Crisil has assigned "AAA/Stable" for Rs 10,000 crore of bonds
The issue size is Rs 500 crore with a green shoe of Rs 7,500 crore
According to industry watchers, Puri Buch has a consultative approach when it comes to policymaking
ICICI Bank, LIC Housing Finance, UTI Asset Management Company, and Care Ratings shares are brokerage house Centrum Broking's 'top picks' for the current quarter.
5-member jury chooses him for turning around the private sector lender
The Federal Bank stock is attempting a breakout on the upside by crossing Rs 103 level, the Relative Strength Index (RSI) has formed a positive crossover indicating a bullish strength.
ICICI Bank said it has bought additional stake in India International Clearing Corporation (IICC) at IFSC in GIFT City for Rs 4.43 crore
The technical analyst expects the NSE Nifty to face resistance around 17,773, while suggests to hold longs on the Nifty with a stop at 17,200.
According to Vinay Rajani, banking as a sector has been outperforming for a while and technical setup of bank index is much stronger than Nifty.
Analysts have upped their one-year target price for ICICI Bank due to its consistent delivery over the last few years, which, they say, reflects an 'impressive turnaround'
The frontline S&P BSE Sensex crashed nearly 2,000 points intra-day, hitting a low of 56,984. It, however, staged a mild recovery in the fag-end and ended 1,546 points, or 2.6 per cent, lower at 57,491
Axis Bank, HDFC AMC, Indian Energy Exchange, SBI Cards, Shriram Transport Finance, Steel Strips Wheels, and Zensar Technologies to announce results today.
Live news updates: India reported 333,533 new cases of Covid-19 in the last 24 hours-a marginal decline since Saturday.
Asset quality of the bank improved and its provisions fell 27% to Rs 2,007 in Q3FY22 from Rs 2,742 crore in Q3FY21