ICICI Pru IPO closes on high note; oversubscribed 10.5 times
Generating robust demand from investors, ICICI Prudential Life Insurance's Rs 6,057-crore IPO, the first by an insurer in India, today closed with over 10-time subscription for shares offered to public.
Sep 22, 2016, 00:35 AM IST
ICICI Bank deploys ''software robots'' to perform banking operations
The country`s largest private lender ICICI Bank here on Thursday became the first bank in India to deploy `software robots, that emulate human action, in its over 200 business processes, thereby reducing the response time to customers by up to 60 percent.
Sep 08, 2016, 13:43 PM IST
ICICI Bank reduces MCLR by 0.05%
Country's largest private sector lender ICICI Bank on Monday announced a 0.05 per cent reduction in its marginal cost of funds based lending rate (MCLR).
Aug 01, 2016, 15:13 PM IST
ICICI Lombard raises Rs 485-crore through NCDs
ICICI Lombard General Insurance, a private sector non-life insurer, today said it has raised Rs 485 crore through private placement of redeemable non-convertible debentures (NCDs).
Aug 01, 2016, 14:58 PM IST
RBI imposes Rs 27-crore penalty on 13 banks
Reserve Bank of India (RBI) has imposed Rs 27-crore penalty on 13 public and private sector banks of the country for violation of Know Your Customer (KYC) norms.
Jul 27, 2016, 20:05 PM IST
ICICI Prudential Life files for India''s biggest IPO in six years
ICICI Prudential Life Insurance Co Ltd has filed for an initial public offering of shares, which sources have said could raise about $745 million in the biggest local IPO in six years.
Jul 18, 2016, 12:21 PM IST
ICICI Bank plans to go paperless in green drive
ICICI Bank plans to go paperless by putting a host of banking services on a digital platform to reduce its carbon footprint as part of its environmental sustainability drive.
Jun 05, 2016, 13:29 PM IST
Read to know how much interest these private banks offer on savings accounts!
Read to know how much interest these private banks offer on savings accounts!
Jun 04, 2016, 09:38 AM IST
Vodafone chooses Kotak, UBS, ICICI for $2 billion share sale
Close to launching an Initial Public Offering (IPO), Vodafone has picked six investment banks, including Kotak, ICICI and UBS, for the over USD 2 billion share sale process, as per media sources.
May 01, 2016, 21:53 PM IST
Short-term loans to become cheaper with new lending rate formula
short-term loans are bound to get cheaper as banks shift to new lending rated which are effective from Friday
Apr 01, 2016, 17:12 PM IST
SBI, ICICI, PNB and others move to lending rates based on marginal cost
The new interest rates vary from 8.95 percent for overnight to 9.35 percent for three years, SBI said in a document posted on its website Thursday.
Mar 31, 2016, 22:12 PM IST
ICICI Home Finance to raise Rs 955 cr via debentures
ICICI Home Finance Company today said it will raise up to Rs 955 crore in tranches by issuing debentures on private placement basis.
Mar 18, 2016, 19:14 PM IST
Extended benefits on Maternity leave: India Inc keen to go extra mile
The Labour Ministry is in the final stages of preparing a draft amendment bill to and will soon send it for inter-ministerial consultations.
Dec 31, 2015, 13:27 PM IST
'RBI has less stringent norms on systemically important banks'
RBI has recently identified the state-owned SBI and private lender ICICI Bank as D-SIBs and subjected them to higher levels of supervision to prevent disruption to financial services in the event of any failure.
Sep 07, 2015, 15:52 PM IST
In a first, ICICI launches loan product with mortgage guarantee
The product, which is popular in the West, is targeted at the customers in the 40-plus age bracket as they are one of the largest segments of home buyers, executive director Rajiv Sabharwal said.
Aug 26, 2015, 22:42 PM IST
ICICI launches voice 'password' facility for users
Country's largest private lender ICICI Bank today said it has launched a service where customers can make transactions using just their voice, without using other means of authentication like a password.
May 25, 2015, 16:06 PM IST
Enough space for China banks to complement India story: Kochhar
ICICI shares are listed in India on BSE and NSE, while its American Depositary Receipts are listed on the NYSE.
May 17, 2015, 16:46 PM IST
EPFO retains 4 fund managers; also appoints UTI AMC
Retirement fund manager EPFO has retained its existing four fund managers SBI, ICICI Securities Primary Dealership, Reliance Capital and HSBC AMC for a three-year term, starting April 1, 2015.
Apr 15, 2015, 20:22 PM IST
ICICI, Axis cut home loan rate by up to 0.25%
The move follows rate cuts initiated by leading players State Bank of India and HDFC Ltd in the past few days.
Apr 14, 2015, 21:04 PM IST
