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Icici Bank
Business  /  Published 26.07.21

ICICI: the boss forfeits salary

Sandeep Bakhshi, the managing director and CEO of ICICI Bank, did not take his salary in Covid-hit 2020-21, the annual report of the private sector lender showed. Bakhshi is perhaps the only instance...
By Our Bureau in Mumbai

Business  /  Published 25.07.21

ICICI profit rises 78 per cent

ICICI Bank on Saturday reported a 78 per cent rise in standalone net profits for the quarter ended June 2021 on the back of a sharp fall in provisions. The private sector lender posted a net profit of...
By Our Special Correspondent in Mumbai

Business  /  Published 21.07.21

Stocks continue to wilt

Stocks closed lower on Tuesday, led by losses in banking and metal stocks amid a selloff in the global markets sparked by a surge in the Delta variant of the coronavirus. The BSE Sensex closed down 0....
By Our Special Correspondent in Mumbai

Business  /  Published 25.04.21

ICICI Bank profit zooms

ICICI Bank on Saturday reported a whopping 261 per cent growth in net profit for the fourth quarter ended March 2021 as provisions showed a sharp fall over the year-ago period. The private sector bank...
By Our Special Correspondent in Mumbai

Business  /  Published 25.03.21

HC grants bail to Deepak Kochhar

The Bombay High Court on Thursday granted bail to Deepak Kochhar, husband of former ICICI Bank CEO Chanda Kochhar, in a money laundering case registered by the Enforcement Directorate (ED). Kocchar h...
By Our Bureau, Agencies in Mumbai

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Business  /  Published 06.03.21

ICICI cuts rates of home loans

ICICI Bank on Friday has cut interest rates on home loans to 6.70 per cent on a par with market leader SBI, as part of a limited period offer.   The second largest private sector lender said the...
By Our Bureau in Mumbai

Business  /  Published 25.02.21

All banks can handle pension

All private sector banks will be allowed to handle government-related banking transactions such as the collection of taxes, pension payments and small savings schemes, the finance ministry announced o...
By Our Special Correspondent in New Delhi

Business  /  Published 15.02.21

McNally Sayaji faces bankruptcy

McNally Sayaji Engineering Ltd is going to face bankruptcy, the first casualty of the financial turmoil at Williamson Magor Group. The company is an unlisted subsidiary of McNally Bharat Engineering ...
By Sambit Saha in Calcutta

Business  /  Published 13.02.21

Kochhar gets bail

Chanda Kochhar, the former CEO and MD of ICICI Bank, was on Friday granted bail by a special Prevention of Money Laundering Act (PMLA) court here in connection with the ICICI Bank-Videocon money laund...
By Our Bureau in Mumbai

Business  /  Published 12.02.21

ICICI boss gets bail

Former ICICI Bank CEO and MD Chanda Kochhar on Friday appeared before a court here in the alleged ICICI Bank-Videocon money laundering case, and was granted bail. It was the former banker's first...
By Our Bureau, Agencies in Mumbai


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