Sign up for the India Edition newsletter by Menaka Doshi – an insider’s guide to the emerging economic powerhouse, and the billionaires and businesses behind its rise, delivered weekly.ICICI Bank, India’s second-largest lender by market capitalization, has denied a media report Thursday which said Managing Director and CEO Sandeep Bakhshi wants to step down from his position.
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Category: ICICI Bank
ICICI And Yes Bank Revise Savings Account Charges And Other Fee
From today, ICICI and YES Bank will make significant revisions in terms of investment, mutual fund KYC norms, surcharges on utility payments, and others. In April, both banks had said they would revise their charges for savings accounts from May 1. In addition to that, both banks have said that credit card users have to shell out a 1 per cent surcharge fee on all utility bill payments. A utility bill is a regular payment to a service provider for their important services. Keep reading this space to know about the changes done in the cases of both banks- ICICI Bank 1. Debit Card chargesThere will be a yearly fee of Rs 200 for regular locations and Rs 99 for Gramin locations.2. Cheque…
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ICICI Bank in a tizzy after CEO move comes out of left field
Sandeep Bakhshi’s feeler indicating he wants to be relieved has the RBI worried and the bank scrambling to find a replacement. It helps that it has a deep bench.Sandeep Bakhshi has indicated that he wants to be relieved as managing director and CEO of ICICI Bank, according to three people with knowledge of the matter.
“He has some personal emergency. That is why he wants to step down,” says one of them.
But the Reserve Bank of India is dead set against him stepping down. Rather, it is all for him to continue at the helm of the bank for as long as possible—which means Bakhshi, 63, could stay another seven years.
“The central bank suggested that he work remotely if the need…
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Source: https://themorningcontext.com/business/icici-bank-in-a-tizzy-after-ceo-move-comes-out-of-left-field
What’s vexing ICICI Securities’ minority shareholders?
MUMBAI :Minority shareholders of ICICI Securities Ltd have questioned the rationale and intent of mutual funds that bought shares of the brokerage firm in February at a premium only to vote in favour of delisting the company shortly after at a special meeting of minority shareholders on 27 March.
Minority shareholders of ICICI Securities Ltd have questioned the rationale and intent of mutual funds that bought shares of the brokerage firm in February at a premium only to vote in favour of delisting the company shortly after at a special meeting of minority shareholders on 27 March.
By buying the shares at a premium, and then voting for the…
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Bank Stock Under Rs 50: SELL call by ICICI Securities | Share Price Target 2024
Updated Apr 30, 2024 | 04:44 PM ISTYes Bank Share Price Target 2024. Yes Bank shares have delivered a solid return of 94 per cent in the last one year. Bank Stock Under Rs 50 Bank Stock Under Rs 50: SELL call by ICICI Securities | Share Price Target 2024 (Pic: Shutterstock/ET NOW)Yes Bank Share Price Target 2024, Bank Stock Under Rs 50: Domestic brokerage firm ICICI Securities has maintained SELL rating on Yes Bank shares. It said that the company has staged a commendable turnaround but valuation remains expensive.The brokerage said that Yes Bank reported in-line numbers in the fourth quarter (Q4FY24). The loan growth and deposits growth were also healthy in the quarter. Yes Bank has…
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Bank Stocks: ICICI Bank and More Among Top Brokerage Calls This Week ,Markets News, Business News
Zee Business brings to you bank stocks recommended by brokerage firms to keep an eye out for.
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Written By: Zee Business Video Team Updated on: May 01, 2024, 08.34 AM IST
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Brent may hit $95/bbl in near-term, Q2FY25 target price raised by $5/bbl on geopolitical risk premium: ICICI Bank
Global crude oil prices continued to rise by two per cent over the last month responding an increase in geo-political tensions, even as physical markets turned less tight. Brent crude prices had breached the $90/barrel mark during the period in a response to what appeared to be a build-up of tensions between Israel and Iran. According to a report by ICICI Bank Research, Brent may hit $95/barrel-mark in the near-term over geopolitical uncertainties.
On balance, the bank expects a broadly balanced…
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Brent crude may hit $95/bbl in near-term, Q2FY25 target price raised by $5/bbl on geopolitical risk premium: ICICI Bank
Global crude oil prices continued to rise by two per cent over the last month responding an increase in geo-political tensions, even as physical markets turned less tight. Brent crude prices…
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Stock Market Highlights | Sensex, Nifty 50 witness sharp fall in the last hour led by ICICI and HDFC Bank
Stock Market Highlights | On April 30, the stock market experienced a significant downturn in the final hour of trading, sliding from its record highs. The Nifty, which had reached an intra-day peak of 22,783, closed in negative territory, while the Sensex dropped by 189 points to 74,483. Profit booking dominated heavyweights like ICICI and HDFC Bank.Nifty closed 39 points lower at 22,605, with Nifty Bank also slipping by 27 points to 49,397, though the Midcap Index managed to rise by 34 points to 50,868. Seven Nifty stocks, including M&M, Power Grid, Grasim, and Eicher Motors, hit 52-week highs.REC surged 10% on the back of strong Q4 earnings, while PFC saw a 7% increase. Newgen Soft…
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NIFTY Bank hits all-time high; ICICI Bank m-cap crosses ₹8 lakh crore
SummaryNIFTY Bank was trading at 49,354 at 2 pm. Intraday, the index, which opened at 48,359, hit an all-time high of 49,388. ICICI Bank (4.7%), AU Bank (3.7%), State Bank of India (3.6%), Axis Bank (2.8%) and IndusInd Bank (2.6%) were the top gainers, while IDFC First Bank (4.4%) and Bandhan Bank (0.4%) were the only laggards.NIFTY Bank on Monday hit a fresh record high amid robust January-March quarter financial results of lenders such as ICICI Bank, HDFC Bank and Axis Bank.
The index was trading at 49,354 at 2 pm. Intraday, NIFTY Bank, which opened at 48,359, hit an all-time high of 49,388.
ICICI Bank (4.7%), AU Bank (3.7%), State Bank of India (3.6%), Axis Bank (2.8%) and IndusInd…
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