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ICICI Bank’s Q4FY21 net profit rises to Rs 4,403 cr

ICICI Bank’s Q4FY21 net profit rises to Rs 4,403 cr

🕔18:04, 25.Apr 2021

Mumbai, April 25  Private lender ICICI Bank on Saturday reported an exponential rise in its standalone net profit for the quarter ended March 31, 2021 on a year-on-year basis. Accordingly, the company’s standalone profit after tax rose to Rs 4,403

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ICICI Bank reduces home loan interest rate to 6.70%

ICICI Bank reduces home loan interest rate to 6.70%

🕔17:41, 5.Mar 2021

New Delhi, March 5 Lending major ICICI Bank reduced its home loan interest rate to 6.70 per cent, the company said on Friday. Accordingly, the revised interest rate — the lowest in 10 years by the bank — is effected from

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ICICI Bank’s Q3FY21 net profit rises 19%

ICICI Bank’s Q3FY21 net profit rises 19%

🕔11:50, 31.Jan 2021

Mumbai, Jan 31  Private lender ICICI Bank on Saturday reported a net profit of 19 per cent for the quarter ended December 31, 2020. Accordingly, the company’s profit after tax grew to Rs 4,940 crore during the quarter under review

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BharatPe raises Rs 139 cr debt from Alteria Capital, ICICI Bank

BharatPe raises Rs 139 cr debt from Alteria Capital, ICICI Bank

🕔14:54, 18.Jan 2021

New Delhi, Jan 18  FinTech services company BharatPe on Monday announced that it has raised Rs 139 crore (nearly $20 million) in debt from Alteria Capital and ICICI Bank. The company raised Rs 90 crore in debt from Alteria Capital

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ICICI Bank unleashes tech-enabled products to enhance retail portfolio

ICICI Bank unleashes tech-enabled products to enhance retail portfolio

🕔17:24, 25.Dec 2020

New Delhi, Dec 25  To buck the Covid induced downtrend, lending major ICICI Bank plans to pursue the technology route to expand its retail presence. Accordingly, the lender has introduced a slew of technology based products for customers, especially for

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ICICI Bank launches online platform for foreign companies setting up India ops

ICICI Bank launches online platform for foreign companies setting up India ops

🕔07:10, 23.Dec 2020

Mumbai, Dec 23  Lending major ICICI Bank has launched an online platform to cater the needs of foreign companies looking to establish or expand business in the country. The platform ‘Infinite India’ offers these companies banking solutions as well as

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ICICI Bank sets up presence in Nepal

ICICI Bank sets up presence in Nepal

🕔17:51, 3.Dec 2020

Mumbai, Dec 3  Lending major ICICI Bank on Thursday launched its operations in Nepal, via a representative office, to become the first Indian private sector bank to set up its presence in the country. The bank opened a representative office

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Visa, ICICI Bank tie-up to aid fintechs

Visa, ICICI Bank tie-up to aid fintechs

🕔15:16, 23.Nov 2020

Mumbai, Nov 23  Digital payments major Visa on Monday announced a collaboration with ICICI Bank on its ‘Visa in a Box’ programme for fintech acceleration. Through this collaboration, fintechs can access APIs and the developer sandbox of Visa and ICICI

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ICICI Bank crosses Rs 2 lakh crore mark in mortgage loan portfolio

ICICI Bank crosses Rs 2 lakh crore mark in mortgage loan portfolio

🕔07:21, 12.Nov 2020

Mumbai, Nov 12  ICICI Bank on Wednesday announced that its mortgage loan portfolio has crossed the Rs 2 lakh crore mark, making it the first private sector bank in India to achieve the feat. Announcing the achievement in a statement

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ICICI Bank launches India’s first banking programme for millennials

ICICI Bank launches India’s first banking programme for millennials

🕔07:05, 6.Nov 2020

Mumbai, Nov 6 Lending major ICICI Bank on Thursday launched India’s first banking programme for millennial customers, in the age bracket of 18 years to 35 years. The proposition called ‘ICICI Bank Mine’ offers an instant savings account, a feature driven

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ICICI Bank’s Q2FY21 net profit zooms to Rs 4,251 cr

ICICI Bank’s Q2FY21 net profit zooms to Rs 4,251 cr

🕔17:15, 1.Nov 2020

Mumbai, Nov 01  Private sector lending major ICICI Bank on Saturday reported an exponential rise in standalone net profit for the second quarter of 2020-21. Accordingly, the lender’s net profit rose to Rs 4,251 crore ($576 million) in the quarter

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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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