Sunday, January 27, 2019, 8:36 PM
Senior Congress leader P Chidambaram Sunday slammed the CBI for "indiscriminately targeting" some of the bankers, saying the agency has received "ultimate certificate" on its action from Union minister Arun Jaitley, who had criticised it. "The CBI has received the ultimate certificate from the one who has the best ring-side seat, the Finance Minister (on leave): 'Adventurism and megalomania have overtaken investigators'!," he said.
Friday, January 25, 2019, 10:04 AM
The Central Bureau of Investigation (CBI) probe against former ICICI Bank CEO and MD Chanda Kochhar has revealed that she received "illegal gratification" through her husband Deepak Kochhar for favouring Videocon group. Being the head of ICICI Bank, CBI says, Chanda Kochhar approved six loans to Venugopal N Dhoot's Videocon group between June 2009 and October 2011.
Friday, January 25, 2019, 7:13 AM
The whistleblower who called-out former ICICI Bank chief Chanda Kochhar and two-others in an alleged Rs.3,250-crore loan scam has dubbed the case as a part of something much larger, and requested the government to scratch deeper under the surface of Indian banking system to uncover other irregular deals of kind. Chanda Kochhar's role in shaping the country's retail banking system has been widely acknowledged.
Thursday, January 24, 2019, 1:13 PM
CBI has registered an FIR in connection with alleged transactions between NuPower Renewables Private Limited controlled by Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, and Venugopal Dhoot-controlled Videocon Group. CBI is also raiding Videocon's offices in Mumbai and Aurangabad and NuPower Renewables' office in Mumbai. Videocon Group got Rs.3,250-crore loan from ICICI Bank in 2012.
09 January 2019, Wednesday
Credit score is an important factor which helps you get a home loan sanctioned. If you want to get a home loan sanctioned, you must have a good credit ...
Thursday, January 3, 2019, 8:59 PM
Powered by the business of Dena Bank and Vijaya Bank, Bank of Baroda will become larger than ICICI Bank from 1 April following completion of the amalgamation process of three state-run banks. After State Bank of India (SBI) and HDFC Bank, with businesses of Rs 45.85 trillion and Rs 15.8 trillion respectively, ICICI Bank (Rs 11.02 trillion) is the third largest commercial bank now.
Tuesday, December 4, 2018, 11:22 AM
ICICI Bank, the country's third-largest lender by assets, raised its marginal cost of funds-based lending rates (MCLRs) by 10 basis points (bps) across tenures. Its one-year MCLR now stands at 8.8%. MCLRs for other tenures range between 8.55% and 8.75%. The revised rates came into effect on Saturday. One-year MCLRs at ICICI's larger peers SBI and HDFC Bank stand at 8.5% and 8.7%, respectively.
Tuesday, November 27, 2018, 8:35 PM
HSBC has raised its rating on Indian equities to "neutral" from "underweight" in a regional context on Tuesday, citing recent underperformance and more reasonable valuations. "Since end-August, India underperformed because of issues in local banks, currency weakness and oil price volatility," HSBC analysts said in a note. Despite recent underperformance, these risks remain for Indian equity market.
Sunday, November 25, 2018, 12:51 PM
The combined market valuation of six of the 10 most valued Indian companies declined by Rs 74,034.26 crore last week, led by IT major Tata Consultancy Services (TCS) which took the largest hit of Rs 25,140.37 crore. For the trading week ended Thursday, Reliance Industries Ltd (RIL), TCS, HUL, Infosys, SBI and ICICI Bank witnessed a decline in their market capitalization (m-cap).
Monday, November 19, 2018, 5:29 PM
Stock markets started the week on a strong note, with the S&P BSE Sensex closing 317-points or 0.9% higher at 35,774 on Monday. NSE benchmark index Nifty50 advanced 81-points to settle at 10,763. Both the indexes clocked their best closing levels since October-3. Gains in FMCG, auto, metal, IT and pharma stocks pushed the domestic markets higher despite a mixed trend in Asian peers.
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