ICICI Bank | The Asian Age

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Total income of the ICICI Bank on a standalone basis stood at Rs 18,262.12 crore during the September quarter.

ICICI Bank Q2 net profit dives 42 per cent to Rs 1,205 crore

ICICI Bank shares closed at Rs 315.05 apiece on the BSE, down 1.45 per cent from their previous close.

26 Oct 2018 5:39 PM

Private sector lender ICICI Bank on Tuesday said the RBI has approved Sandeep Bakshi's appointment as Managing Director and CEO of the bank for three years.

ICICI Bank gets RBI nod for appointment of Sandeep Bakshi as MD, CEO

The private sector lender said Bakshi had joined the group in 1986.

16 Oct 2018 10:45 AM

Chanda Kochhar’s Icarus moment

After she became the CEO, these qualities set her from others and made her czarina of the banking sector.

05 Oct 2018 3:21 AM

In mid-February, a lobby group chose Chanda Kochhar, the then head of ICICI Bank, for an interactive session with the visiting Canadian prime minister Justin Trudeau.

Chanda Kochhar: The fall of a feisty woman who broke the glass ceiling

She joined ICICI as a management trainee in 1984 and rose to play an important part in its transformation.

04 Oct 2018 7:02 PM

ICICI Bank on Thursday elevated its Chief Operating Officer Sandeep Bakhshi as managing director and CEO in place of Chanda Kochhar who quit after a nine-year stint as the head of the bank.

Sandeep Bakhshi becomes ICICI Bank MD, CEO for five years

He was brought to the bank for a smooth functioning as Kochhar was forced to go on an indefinite leave.

04 Oct 2018 5:20 PM

Shares of ICICI Bank surged nearly 6 per cent on Thursday after its Managing Director Chanda Kochhar resigned from the bank with immediate effect.

ICICI Bank shares surge 6 per cent as Chanda Kochhar quits

Following the announcement, the stock soared 5.69 per cent to Rs 320.90 on BSE.

04 Oct 2018 2:54 PM

ICICI Bank Managing Director Chanda Kochhar has resigned from the bank with immediate effect.

ICICI Bank MD Chanda Kochhar quits with immediate effect

The enquiry instituted by the board will remain unaffected by this.

04 Oct 2018 2:17 PM

ICICI Bank made a slew of submissions to Sebi during a public consultation process for overhauling its settlement rules, but the regulator did not see merit in most of the suggestions, officials said.

Public consultation on changes to settlement rules: ICICI proposes, Sebi disposes

ICICI Bank has filed a settlement plea with regard to an ongoing probe into alleged violations by the bank and Chanda Kochhar.

23 Sep 2018 5:27 PM

ICICI Bank and the business dealings of the Kochhar family has come under the regulatory lens of Sebi and other agencies.

ICICI Bank seeks settlement through consent on Kochhar issue, says Sebi chief

The bank and Kochhar have been maintaining there has been no regulatory violation on their part.

18 Sep 2018 6:13 PM

Stating that people can "game" credit bureau scores and doubt the authenticity of tax returns, a top ICICI Bank official has cautioned against excessive use of computer algorithms in lending and has called for applying "human judgement".

ICICI Bank warns of too much focus on tech-driven lending

ICICI Bank official has cautioned against excessive use of computer algorithms in lending and has called for applying "human judgement".

12 Sep 2018 2:55 PM

As the inspection progresses into six companies linked to ICICI Bank controversy, the Corporate Affairs Ministry will question Deepak Kochhar, husband of the bank's chief Chanda Kochhar, later this month, a senior official said.

Corporate Affairs Ministry summons Deepak Kochhar in ICICI Bank scam

Deepak Kochhar is the Founder and CEO of NuPower Group, as per its website.

10 Sep 2018 7:50 PM

Capital markets regulator Sebi may soon summon ICICI Bank's on-leave CEO Chanda Kochhar and her husband with regard to a probe into alleged regulatory lapses with regard to his business dealings, officials said on Sunday.

Sebi may summon Kochhars soon; board to discuss coordinated efforts with govt, RBI

The bank and Kochhar have been maintaining there has been no regulatory violation on their part.

09 Sep 2018 6:23 PM

ICICI Bank Chairman GC Chaturvedi said on Thursday that the decision on continuance of managing director and CEO Chanda Kochhar will be taken after the Justice B N Srikrishna panel report -- probing certain allegations against her -- is finalised, which is likely in two-and-a-half months.

Srikrishna panel report on Kochhar expected in 2 months: ICICI Chairman

He further said that pending the report Kochhar remains the CEO of ICICI Bank.

23 Aug 2018 5:14 PM

Chanda Kochhar is the Chairperson of the bank's subsidiary.

Chanda Kochhar offers to be reappointed on board of ICICI Securities

Sebi has already served a notice on Kochhar on dealings of the bank with Videocon Group and Nupower.

23 Aug 2018 4:29 PM

Short term ICICI Bank FD rates for senior citizens range from 4.50 per cent to 7.00 per cent per annum.

ICICI Bank hikes fixed deposit interest rates

ICICI Bank offers best FD rate of 7.75 per cent on term deposits for a tenure of 2 years 1 day to 5 years.

14 Aug 2018 5:53 PM

ICICI Bank shares soared nearly 9 per cent in intra-day trade on Thursday after the company denied media reports alleging covering up of bad loans.

ICICI Bank shares soar nearly 9 pc; m-cap rises by Rs 9,519 crore

Buying was also seen in other bank stocks, with Axis Bank surging 3.86 per cent and SBI rising 2.53 per cent on BSE.

09 Aug 2018 6:33 PM

The country's largest private sector lender ICICI Bank on Thursday said it is aiming to disburse retail loan to the tune of Rs 10,000 crore in Punjab and Haryana by the end of the current financial year.

ICICI bank to disburse Rs 10,000 cr retail loan in Punjab, Haryana

The bank will reach the target by expanding its consumer-personal, vehicle and two-wheeler-loans.

09 Aug 2018 5:31 PM

ICICI Bank’s tier-I capital adequacy ratio stood at 15.92 per cent and the total capital adequacy at 18.42 per cent by end-March 2018.

ICICI Bank chairman assures of priority to governance practices

ICICII Bank registered its first ever loss in more than a decade at Rs 120 crore in the first quarter.

03 Aug 2018 8:29 AM

With ICICI Bank facing controversies involving CEO Chanda Kochhar, its newly appointed Chairman Girish Chandra Chaturvedi has assured shareholders that he would give top priority to upholding the best governance practices.

ICICI chairman Chaturvedi assures top priority to governance practices

He expressed hope that uncertainties would be resolved at the earliest.

02 Aug 2018 3:45 PM

The bank noted that NPA additions during FY'2019 are expected to be significantly lower than FY'2018.

Provision against bad loans to remain elevated in FY'19: ICICI Bank

The bank made a provision of Rs 17,307 crore against bad loans in 2017-18 as against Rs 15,208 crore.

31 Jul 2018 4:13 PM

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Sanjeev Ahluwalia