|Bid||8.51 x 45900|
|Ask||8.67 x 1000|
|Day's range||8.53 - 8.69|
|52-week range||7.89 - 11.26|
|PE ratio (TTM)||17.64|
|Forward dividend & yield||0.07 (0.85%)|
|1y target est||13.25|
The bank said it would respond to the Securities and Exchange Board of India, adding that the notice received on Thursday was based on information given by the bank and its CEO on earlier queries over their dealings with the Videocon conglomerate. ICICI, India's third-biggest lender by assets, is battling allegations that Kochhar allegedly favoured Videocon Group in its lending practices. Videocon's founders had an investment in a renewable energy company founded by Kochhar's husband.
(Reuters) - Indian shares ended slightly higher on Tuesday, paring early gains which were led by ICICI Bank on hopes of improvement in the lender's asset quality after it announced March-quarter results ...
ICICI Bank posted the steepest fall in quarterly profit since 2016 as provisions for bad loans more than doubled. Bloomberg Intelligence's Diksha Gera weighs in on "Bloomberg Daybreak: Asia." ...
ICICI Bank reported its smallest quarterly profit in two years on Monday as stricter RBI rules forced the country's third-biggest lender by assets to account for more bad loans. While the bulk of the country's 9.5 trillion rupees of bad loans, as of the end of 2017, were with the country's dominant state-run banks, private sector lenders ICICI Bank and smaller rival Axis Bank also accounted for large chunks. The Reserve Bank of India (RBI) in February did away with half a dozen loan restructuring schemes in a surprise move to hasten a clean-up of near-record levels of soured loans and tightened some other rules, which has led to banks disclosing more bad loans in the March quarter.
ICICI Bank Ltd., India’s second-largest private sector lender by assets, was Asia’s best-performing bank stock on Tuesday after its top official said bad-loan ratios will improve. ICICI jumped 6.7 percent in Mumbai, the biggest gain since Oct. 25, and was the top stock on Bloomberg’s Asia Pacific Banks Index. Chief Executive Officer Chanda Kochhar, who has been assuring investors since 2015 that the bank has gained control over its bad-loan problem, guided that the net ratio will narrow to about a quarter of the current level over the next two years.
ICICI Bank Limited (IBN) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front
India’s banking regulator is delaying year-end bonuses to the heads of top private banks as it questions the size of the payouts citing the lenders’ performance issues, said people familiar with the matter....
Shares of ICICI Bank, India's third-largest lender, slumped 7 percent to a five-month low on Monday after reports of authorities probing its lending practices. ICICI Bank's shares ended 5.9 percent lower at 261.85 rupees, recovering slightly after falling to 258.80 rupees, their lowest since late October. Police launched a preliminary inquiry about two months ago into Deepak Kochhar, the husband of ICICI Bank's chief executive Chanda Kochhar, Reuters and other media reported on Saturday.
Indian police have launched a preliminary investigation into the husband of ICICI Bank's (ICBK.NS) chief executive, as well as officials at the lender and at Videocon Group (VEDI.NS), two sources said on Saturday, to assess whether there was any wrongdoing in lending practices. Reports in many Indian media outlets in the past week have alleged that Videocon Group chairman Venugopal Dhoot invested 640 million rupees ($9.83 million) in Nu Power Renewables, a firm owned by Deepak Kochhar, the husband of ICICI Bank CEO Chanda Kochhar, after Videocon secured a loan from a consortium of banks, including ICICI.
The RBI imposed the penalty on ICICI Bank for not complying with directions issued by it on direct sale of securities held under the bank's held-to-maturity (HTM) portfolio and for lack of disclosure about the sale, the central bank said in a statement https://rbidocs.rbi.org.in/rdocs/PressRelease/PDFs/PR25938AACA959D1DA45AAA28BC1E1169EF20A.PDF on Thursday. ICICI Bank said it continued to sell bonds from its HTM category for a few weeks during the quarter ended March 2017 due to "genuine misunderstanding" on the timing of the applicability of RBI's direction in the matter.
India's ICICI Bank moved to put to rest rumours that its Chief Executive Chanda Kochhar allegedly favoured Videocon Group in its lending practices, calling the rumours "malicious and unfounded". The bank's board "has come to the conclusion that there is no question of any quid pro quo/nepotism/conflict of interest as is being alleged in various rumours," the third-biggest Indian lender by assets said in a stock exchange filing on Wednesday. ICICI Bank has lent to Videocon, a consumer electronics and oil and gas exploration company, as part of a group of lenders and is not the leader of the group, the bank said.
Indian brokerage ICICI Securities Ltd will launch an initial public offering next week in a sale that will raise its parent as much as 40.17 billion rupees ($620 million), adding to a busy month for first-time share sales in the country. ICICI Securities, a unit of third-biggest Indian lender ICICI Bank, on Wednesday set a price range of 519-520 rupees per share for the IPO that will take subscriptions from March 22-26. ICICI Bank is selling about 77.2 million shares, or a 24 percent stake, in the arm that also offers investment banking services.
ICICI Bank's (IBN) Q3 earnings indicate a decline in non-interest income, while improving net interest income and strong balance sheet provide some support.
Icici Bank shows rising price performance, earning an upgrade to its IBD Relative Strength Rating from 79 to 87.
ICICI Securities Ltd., a unit of India’s largest private-sector lender by assets, has picked arrangers for an initial public offering that could value the company at more than 200 billion rupees ($3.1 ...
Five graduates from the Startupbootcamp fintech accelerator in Mumbai, India, have won pilot schemes with bank sponsors RBL and ICICI Bank.
May.07 -- ICICI Bank posted the steepest fall in quarterly profit since 2016 as provisions for bad loans more than doubled. Bloomberg Intelligence's Diksha Gera weighs in on "Bloomberg Daybreak: Asia." Her opinions are her own.