ICICI Bank

India's bad loans could get worse before better: Report

Increasing provisions by banks to cover for bad loans will hurt profits and stop credit growth, in turn slowing the economy.

May 12, 2016

DTAA with Mauritius: Indian firms with high FII holding at risk, says report

Indian firms in which FIIs hold more than 33 percent saw their shares react to the amendment to the DTAA with Mauritius, says ET report.

May 11, 2016

Yes Bank gets in-principle approval to commence custodian services

The private sector lender said the new business will complement the bank's existing capital market services.

May 5, 2016

ICICI Bank Q4 net profit plunges due to Rs. 6,926 crore provisioning

ICICI Bank's provisioning for bad loans includes exceptional provisioning of Rs. 3,600 crore, pulling its standalone net profit to Rs. 701.89 crore.

Apr 29, 2016

Deposit rates, not repo rate, to decide bankers' further course of action

With deposit growth at the lowest since 1963, bankers would find it really difficult to cut lending rates.

Apr 6, 2016

India's UltraTech buys Jaiprakash cement plants in new $2.4 billion deal

The two firms had signed a deal last month under which UltraTech was to buy 22.4 million tonnes of cement capacity from Jaiprakash for 165 billion rupees.

Apr 1, 2016

JNPT to raise Rs 2,600 crore for port infra projects

The port would avail the dollar-denominated loan from DBS bank and State Bank of India, the Mint reported.

Mar 31, 2016

Indian rupee depreciates 50% in 5 years

The currency was trading at about 66.22 March 31, 2016 afternoon, marking a fall of 48.67 percent over its March 2011 closing of 44.54 to the US dollar.

Mar 31, 2016

Sensex up over 400 points on global cues; Nifty closes above 7,700

The Sensex rally was led by bank and metal stocks, supported by consumer durables and healthcare.

Mar 30, 2016

Sensex crosses 25,000, Nifty above 7,700 on renewed hopes of rate cut

Hopes of a rate cut by the Reserve Bank of India increased after the government slashed small savings interest rates last Friday.

Mar 21, 2016

ICICI Bank to offer Ferrari range of credit cards

ICICI Bank unveils Ferrari range of credit cards

The cardholder will be eligible for special benefits, including discounts on Ferrari branded products.

Mar 14, 2016

India's forex reserves up $4 billion during week ended March 4; Sensex, rupee gain

The reserves had dropped by $3.57 billion in the week ended Feb. 26, the sharpest since August 2014.

Mar 11, 2016

People line up outside an ATM at a State Bank of India branch in Mumbai

International Women's Day: Bhartiya Mahila Bank deposits stood at Rs 751 crore in March 2015

India's first women-centric bank earned Rs 42 crore as interest on investments and a net profit of Rs 20 crore during FY2015.

Mar 8, 2016

Women's Day: ICICI Bank offers work-from-home option for women employees

The bank also said it will take care of travel and stay expenses of children and caregivers of women managers.

Mar 7, 2016

Sensex rebounds by 777 points on RBI rate cut expectations

The status quo on the fiscal consolidation path will enable the RBI to cut interest rates in the coming months.

Mar 1, 2016

Sensex, Nifty snap four-day winning streak, correct sharply

The S&P BSE Sensex and NSE Nifty saw a skewed advance-decline ratio, with Asian Paints being the only gainer on Nifty 50.

Feb 23, 2016

mRUPEE ties up with IRCTC for online payments

The tie-up would enable travelers to pay for rail tickets via mRUPEE wallet.

Feb 15, 2016

Bank, pharma stocks lead rally as Sensex jumps 278 points

Lupin gained 9.82 percent, while Canara Bank closed 6.93 percent higher on the NSE.

Feb 5, 2016

India's foreign exchange reserves reverse 3-week fall, up $355 million

The reserves stood at $347.56 billion as on 22 January.

Jan 29, 2016

Stock markets rebound, Sensex gains 400 points; rupee recovers from Thursday's low

Global positive cues and a strengthening rupee led to a 400-point rally on the BSE.