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ICICI Bank sells 2% stake in ICICI Securities to meet norms

ICICI Bank sells 2% stake in ICICI Securities to meet norms

🕔07:02, 29.Aug 2020

Mumbai, Aug 29  ICICI Bank has sold 2 per cent stake in ICICI Securities for around Rs 310 crore through open market sale in a step towards meeting the minimum public shareholding norms. The bank sold 64.42 lakh equity shares

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ICICI Bank’s QIP credit positive: Moody’s

ICICI Bank’s QIP credit positive: Moody’s

🕔12:54, 20.Aug 2020

New Delhi, Aug 20  Lending major ICICI Bank’s allotment of shares via qualified institutional placement (QIP) to raise Rs 15,000 crore in equity capital is credit positive, Moody’s Investors Service said on Thursday. In a news and analysis note, it

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Chinese central bank investment in ICICI Bank raises eyebrows

Chinese central bank investment in ICICI Bank raises eyebrows

🕔07:23, 19.Aug 2020

New Delhi, Aug 19  After the disclosure of a holding in HDFC, the Chinese central bank Peoples Bank of China has now acquired an equity stake in ICICI Bank. The government had in April notified new norms for FDI investments

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China has designed a strategy to intrude into Indian banking sector: CAIT

China has designed a strategy to intrude into Indian banking sector: CAIT

🕔07:21, 19.Aug 2020

New Delhi, Aug 19  The Confederation of All India Traders (CAIT) has strongly criticized ICICI Bank for allowing Peoples Bank of China to invest in the bank despite strong sentiments prevailing in the country against China and its anti-India policies.

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Singapore govt increases stake in ICICI Bank

Singapore govt increases stake in ICICI Bank

🕔07:21, 17.Aug 2020

Mumbai, Aug 17  The government of Singapore has increased its stake in ICICI Bank as it took up 11.08 per cent stake of the total shares issued in the latest qualified institutional placement (QIP) of the bank’s shares with an

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ICICI Bank raises Rs 15k cr through QIP of equity shares

ICICI Bank raises Rs 15k cr through QIP of equity shares

🕔16:53, 15.Aug 2020

Mumbai, Aug 15  Lending major ICICI Bank has raised nearly Rs 15,000 crore through the allotment of equity shares under its Qualified Institutions Placement (QIP). Accordingly, the bank issued 4,18,994,413 equity shares at an issue price of Rs 358 per

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ICICI Bank launches QIP with floor price of Rs 351.36/share

ICICI Bank launches QIP with floor price of Rs 351.36/share

🕔07:46, 11.Aug 2020

Mumbai, Aug 11  ICICI Bank on Monday launched its qualified institutional placement (QIP) with a floor price of Rs 351.36 per equity share. The development comes after the bank had said that it plans to raise up to Rs 15,000

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ICICI Bank cuts lending rates by 10 bps across tenors

ICICI Bank cuts lending rates by 10 bps across tenors

🕔17:50, 3.Aug 2020

Mumbai, Aug 3  ICICI Bank has reduced its marginal cost of funds-based lending rates (MCLR) by 10 basis points across tenors with effect from August 1. Post the cut, EMIs on the loans linked to MCLR will come down giving

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ICICI Bank’s Q1FY21 net profit rises 36% to Rs 2,599 cr

ICICI Bank’s Q1FY21 net profit rises 36% to Rs 2,599 cr

🕔12:06, 26.Jul 2020

Mumbai, July 26  Private sector lending major ICICI Bank on Saturday reported a 36 per cent growth in standalone net profit of Rs 2,599 crore for the first quarter of 2020-21. The bank had earned a net profit of Rs

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ICICI Bank’s $3 bn capital raised to target growth

ICICI Bank’s $3 bn capital raised to target growth

🕔12:59, 25.Jun 2020

New Delhi, June 25  A potential capital raise of $3 billion by ICICI Bank could be tofurther improve its margin of safety and to be better prepared to capitalize on potential growth opportunities. According to a research report by Morgan

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ICICI Bank sells 1.5% stake in ICICI Prudential for Rs 840 cr

ICICI Bank sells 1.5% stake in ICICI Prudential for Rs 840 cr

🕔17:11, 22.Jun 2020

New Delhi, June 22 ICICI Bank on Monday said that it has sold 1.5 per cent share in ICICI Prudential Life Insurance Company Ltd for Rs 840 crore. The development comes just days after the bank sold 3.6 per cent stake

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ICICI Bank sells 3.6% stake in ICICI Lombard for Rs 2,250 cr

ICICI Bank sells 3.6% stake in ICICI Lombard for Rs 2,250 cr

🕔13:25, 19.Jun 2020

Mumbai, June 19  ICICI Bank on Friday sold 3.6 per cent stake in ICICI Lombard General Insurance Company for around Rs 2,250 crore. The development comes after the bank, while announcing its January-March quarterly results in May, had said that

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ICICI Bank’s Q4FY20 standalone net profit up 26%

ICICI Bank’s Q4FY20 standalone net profit up 26%

🕔08:18, 10.May 2020

Mumbai, May 10  Private sector lender ICICI Bank on Saturday reported a 26 per cent year-on-year rise in its standalone net profit for the fourth quarter of 2019-20. According to the bank, its net profit during the quarter under review

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Taking steps to protect our interests: ICICI Bank on Hin Leong exposure

Taking steps to protect our interests: ICICI Bank on Hin Leong exposure

🕔18:39, 21.Apr 2020

Mumbai, April 21  Confirming its exposure in the debt-ridden Singaporean company Hin Leong Trading, ICICI Bank on Tuesday said that it is taking the required steps to protect its interests. In a regulatory filing, the bank also said that it

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Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr

Six pvt banks join SBI to rescue Yes Bank; Federal Bank commits Rs 300 cr

🕔09:40, 15.Mar 2020

Mumbai, March 14 As the government on Saturday notified the reconstruction scheme for Yes Bank, major private banks have come out with investment commitments for the crisis-hit bank. Federal Bank on Saturday announced that it would invest Rs 300 crore

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ICICI Bank board okays Rs 1,000 cr investment in Yes bank

ICICI Bank board okays Rs 1,000 cr investment in Yes bank

🕔21:37, 13.Mar 2020

Mumbai, March 13  ICICI Bank on Friday said its Board of Directors has approved an investment of up to Rs 1,000 crore in equity shares of Yes bank. With this development, ICICI Bank becomes the first private sector lender to

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Union Cabinet approves Yes Bank reconstruction scheme

Union Cabinet approves Yes Bank reconstruction scheme

🕔16:46, 13.Mar 2020

SBI to invest in 49 % stakes, ICICI bank to invest 100 cr & HDFC board also investing New Delhi, March 13 The Union Cabinet on Friday approved a reconstruction plan for cash-strapped Yes Bank, under which the State Bank

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ICICI Bank’s Q2 net profit down 28% to Rs 655 cr

ICICI Bank’s Q2 net profit down 28% to Rs 655 cr

🕔06:59, 28.Oct 2019

Mumbai, Oct 28  Private sector lending major ICICI Bank on Saturday reported a 27.94 per cent decline in its standalone net profit for the second quarter of 2019-20, due to higher tax expenses. The bank’s net profit in Q2 declined

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ICICI Bank’s Q1 net profit at Rs 1,908 cr

ICICI Bank’s Q1 net profit at Rs 1,908 cr

🕔19:01, 27.Jul 2019

Mumbai, July 27 (IANS) Private sector lending major ICICI Bank on Saturday reported a standalone net profit of Rs 1,908 crore for the first quarter of 2019-20. The bank had reported a net loss of Rs 120 crore for the corresponding

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‘Fani’: Adanis, ICICI Bank commit Rs 35 cr to Odisha

‘Fani’: Adanis, ICICI Bank commit Rs 35 cr to Odisha

🕔18:20, 7.May 2019

Bhubaneswar, May 7  To bolster Odisha’s efforts in rebuilding and restoration post-cyclone Fani, Adani Ports and ICICI Bank have donated a total of Rs 35 crore to the Chief Minister’s Relief Fund (CMRF). While the Adani Group has committed Rs

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