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The Latest Breaking News from ICICI Bank

Banks hike MCLRs, repo-linked lending rates post RBI rate action

NEW DELHI: Joining peer lenders, SBI, Kotak Mahindra Bank and Federal Bank are the latest in the list to revise their marginal cost of funds based lending rates (MCLRs) in addition to hikes in repo-linked rates from early October.

The Times of India

Sensex, Nifty rise for 2nd day as oil, banking stocks advance

MUMBAI: Benchmark BSE sensex rose by 491 points while Nifty settled above the 17,300 level on Monday on the back of buying in index majors Reliance Industries, ICICI Bank and recovery in global markets.

The Times of India

Failed Griffin Coal mine owes close to $1.5 billion to creditors as WA electricity grid woes loom

The failed coal mine in Collie, 200km south of Perth, owes close to $1.5 billion to creditors, with the banks urged to "come clean" on their losses to avoid a potential disaster in WA’s biggest electricity grid.

ABC News

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Crime: Delhi Police nabs 4 people for credit card fraud

Delhi Police has arrested the mastermind of a gang that allegedly duped people on the pretext of redeeming credit card points, officials said on Thursday. Read more on Dynamite News:

Dynamite News

Markets bounce back after 3-day fall; sensex climbs 300 points

MUMBAI: Benchmark indices bounced back on Monday after a three-day fall, largely helped by buying in banking counters.

The Times of India

Mcap of six of top-10 most valued firms tumble Rs 2 lakh crore; TCS, Infosys biggest laggards

NEW DELHI: Six of the top-10 most valued firms suffered a combined erosion of Rs 2,00,280.75 crore from market valuation last week, with IT majors Tata Consultancy Services (TCS) and Infosys taking the biggest hit, amid weak trend in equities.

The Times of India

ICICI Bank, PNB hike external benchmark based lending rates

NEW DELHI: Two major banks -- ICICI Bank and PNB -- raised their lending rates after the RBI increased the benchmark interest rate by 0.50 per cent on Friday.

The Times of India

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$100 Invested In ICICI Bank 20 Years Ago Would Be Worth This Much Today

ICICI Bank (NYSE:IBN) has outperformed the market over the past 20 years by 7.07% on an annualized basis producing an average annual return of 14.08%. Currently, ICICI Bank has a market capitalization of $61.67 billion.

Benzinga

Adani Group fastest in valuation growth at 88%, Mukesh Ambani-led RIL up 13.4%: Report

MUMBAI: The Adani Group has gained the most in terms of value in the six months to April 2022, with a 88.1 per cent jump to Rs 17.6 lakh crore, a report said on Wednesday.

The Times of India

Here's How Much You Would Have Made Owning ICICI Bank Stock In The Last 20 Years

ICICI Bank (NYSE:IBN) has outperformed the market over the past 20 years by 7.48% on an annualized basis producing an average annual return of 14.25%. Currently, ICICI Bank has a market capitalization of $59.85 billion.

Benzinga

Auto, home and personal loans become expensive with banks raising rates

NEW DELHI: Auto, home and personal loans have become costlier with banks and other financial institutions increasing interest rates following the repo rate hike by RBI on Wednesday.

The Times of India

Auto, home, personal loans become expensive with banks raising rates

A number of national banks have raised lending rates for their customers after RBI raised the benchmark repo rate by 50 basis points

The Hindu

Banks hike lending rates, loans to get costlier

MUMBAI: Leading private sector and government-run lenders including Punjab National Bank, ICICI Bank and mortgage lender HDFC have hiked their lending rates that will make home, car and other loans costlier.

The Times of India

ICICI, Bank of Baroda revise lending rates after RBI's repo rate hike

NEW DELHI: ICICI Bank has revised the external benchmark lending rate (EBLR) to 8.10 per cent, and Bank of Baroda raised the rate to 6.90 per cent after the RBI hiked the key repo rate.

The Times of India

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The Times of India

Birla Group’s apex body to get its first woman director

MUMBAI: The Aditya Birla Group’s apex body Aditya Birla Management Corporation (ABMCPL) will soon get its first woman director Vishakha Mulye. The Group has appointed Mulye of ICICI Bank as the next CEO of its financial services holding company, Aditya Birla Capital. She will also be a director of ABMCPL,…

Benzinga

Death Cross Looms Over ICICI Bank Investors

If history is any guide, there may be trouble ahead for shares of ICICI Bank (NYSE:IBN). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.

The Hindu

Morning digest | Lok Sabha passes Criminal Procedure (Identification) Bill; India’s imports hit record $610 bn in 2021-22, and more

A select list of stories to read before you start your day

The Hindu

ICICI Bank official summoned as COVID orphans face eviction over loan dues

The National Commission for Protection of Child Rights issues notice to official as bank moves to attach house

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The Times of India

Sensex rebounds 231 pts, Nifty recovers 69 points as RIL, ICICI Bank gain

MUMBAI: Equity benchmark sensex pared its early losses to close higher by 231 points on Monday, helped by buying in index heavyweight Reliance Industries and ICICI Bank amid positive global trends.

StockNews.com

Is ICICI Bank Stock a Smart Investment in 2022?

Despite the bank posting stable financial performance in its last reported quarter, the stock of ICICI Bank (IBN) has lost momentum over the past months. So, let's evaluate if it is worth adding the stock to one’s portfolio considering the broader market’s sell-off, which has impacted the banking sector's overall…

The Times of India

ABG Shipyard fraud case: CBI issues look out notices against former CMD, 8 others

NEW DELHI: Days after the Central Bureau of Investigation (CBI) booked ABG Shipyard, its former chairman and managing director Rishi Kamlesh Agarwal and others for allegedly cheating a consortium of two dozen lenders led by ICICI Bank, the agency on Tuesday issued a look out notice against them.

Newslaundry

NDTV’s founders prevented from leaving country, LOC issued in June

On August 9, NDTV founders Prannoy Roy and Radhika Roy were prevented from leaving the country. The basis of this was a lookout circular (LOC) issued in relation to a two-year-old case filed by the Central Bureau of Investigation (CBI). The couple was supposed to board a Kenya Airways flight…

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