ICICI Bank Ltd (ICICIBANK)

ICICI Bank Among Losers on Bank Nifty Index - 23 Jul, 2024

ICICI Bank was among the banking names that contributed to losses on the Bank Nifty index, which ended sharply lower below 52,000 levels for the first time in nearly a month. However, Avinash Gorakshkar of Profitmart Securities recommends ICICI Bank as a good bet in the banking segment.

ICICI Bank Rises Amid Positive Market Sentiment - 19 Jul, 2024

ICICI Bank saw positive movement in the stock market due to its contribution to the Nifty's surge and a buy call from HDFC Securities with a target price of Rs 1325. Additionally, it was identified as one of the top F&O stocks with high PCR.

ICICI Bank Reverses Interest Charges After Complaint - 18 Jul, 2024

A credit card user complained that ICICI Bank charged him extra for late payments, which the bank initially denied. However, after the matter was escalated to the banking ombudsman, the bank reversed the interest charges.

ICICI Bank Connects with BBPS, Pranav Mishra Joins KMB - 16 Jul, 2024

ICICI Bank has connected with BBPS for credit card payments while Pranav Mishra joins KMB as Head of Distribution from ICICI Bank. The bank also faced a drop causing Bank Nifty and Bankex to fall over 300 points.

ICICI Bank Obtains Exemption for Subsidiary Delisting - 15 Jul, 2024

ICICI Bank obtained an exemption from SEBI allowing the delisting of a subsidiary by a listed holding company if both entities are in the same line of business. Minority shareholders raised concerns about transparency and compliance with disclosure requirements.

ICICI Bank Shares Hit 52-Week High Despite Downgrade - 11 Jul, 2024

ICICI Bank's share price continues its upward trend, reaching a 52-week high for the third consecutive session. Axis Capital has downgraded the stock to add from buy, but hiked the target price. Experts expect renewed traction after Q1FY25 earnings.

ICICI Bank Launches SmartLock; Analysts Positive Ahead of Q1FY25 Results - 10 Jul, 2024

ICICI Bank launches SmartLock for instant locking/unlocking of banking services. Nomura and Neuberger Berman analysts positive on ICICI Bank ahead of Q1FY25 results. Prabhudas Lilladher expects 10% YoY increase in net profit.

ICICI Bank Stock Up Amid Market Gains - 09 Jul, 2024

ICICI Bank's stock is up 0.18% on the NSE and has added around 10.1% in the last month. The bank also helped lead market gains with the Nifty 50 settling 0.46% higher and the Sensex ending up 0.49%.

ICICI Upgrades Retail Lending Platform; MobiKwik Gains Market Share - 08 Jul, 2024

ICICI Bank has upgraded its retail lending platform and simplified the bank guarantee process. Meanwhile, MobiKwik's market share grew to 23% in May.

ICICI Bank Expected to Report Strong Q1 Results - 06 Jul, 2024

ICICI Bank is expected to report an 8.1% YoY increase in net profit for Q1 2024, despite a decline in NIMs and softer deposit growth.

ICICI Bank Launches Premium Forex Card for Students - 05 Jul, 2024

ICICI Bank's market cap has surged by 32.5% in the past year due to India's growing economy. The bank also launched a premium Forex card for students going abroad for higher education.

ICICI Bank Increases Dividend and Outperforms HDFC Bank - 04 Jul, 2024

ICICI Bank is set to increase its dividend to Rs.10.00 with a payout ratio of 16%. The bank has also outperformed HDFC Bank with a 30% return in the past year, leading to a deserved valuation premium.

ICICI Bank Launches Forex Card, Rejects Settlement Proposal - 03 Jul, 2024

ICICI Bank launched a premium forex prepaid card for students studying abroad. However, the bank rejected a revised one-time settlement proposal from debt-ridden Jaiprakash Associates Ltd.

ICICI Bank Launches Prepaid Forex Card for Students Studying Abroad - 02 Jul, 2024

ICICI Bank has launched a pre-paid Sapphiro Forex Card, powered by Visa, specifically tailored for students heading abroad for higher education. The card aims to simplify the management of education-related expenses and daily costs such as travel, dining, and groceries. It offers the choice of loading and transacting in 15 currencies without any cross-currency mark-up charge being levied by the bank.

ICICI Bank Sees Record High Amidst Positive Ratings and Revised FD Rates - 01 Jul, 2024

ICICI Bank sees positive ratings from BofA Securities and reaches a record high amidst Nifty50's achievement of the 24,000 level milestone. Additionally, the bank has revised its fixed deposit interest rates.

ICICI Bank Revises Credit Card Charges and Fixed Deposit Rates - 29 Jun, 2024

ICICI Bank has revised its fixed deposit interest rates offering the highest rate of 7.2% for the general public and 7.75% for senior citizens. The bank also announced revisions to various credit card services, including discontinuing several fees effective July 1, 2024.

ICICI Bank Claims Against Jaiprakash & Surpasses Valuation Mark - 28 Jun, 2024

ICICI Bank is among the major creditors claiming nearly Rs 53,000 crore against Jaiprakash Associates Ltd. ICICI Bank has also surpassed the $100-billion valuation mark for the first time, becoming the 15th largest lending entity globally.

ICICI Bank Ceases Reward Points for Rent Payments; Plans Bond Sale - 27 Jun, 2024

ICICI Bank has ceased rewarding rent payment transactions with reward points. The bank plans to raise up to ₹3,000 crore through infrastructure bonds. Sandip Sabharwal suggests the bank is well-placed and a good bet for contrarian investors.

ICICI Bank Stock Hits All-Time High - 26 Jun, 2024

ICICI Bank's market capitalization surpassed $100 billion mark for the first time, with its shares reaching an all-time high. Sharekhan and Motilal Oswal have given buy recommendations, while Jefferies maintained a buy rating with a target price of Rs 1350. The bank has been delivering best-in-class performance, with healthy deposit growth and operating expenditure. Sensex and Nifty also hit fresh highs, led by gains in heavyweights including ICICI Bank.

ICICI Bank Market Cap Crosses $100 Billion Milestone - 25 Jun, 2024

ICICI Bank's market capitalization crossed $100 billion, becoming the sixth Indian entity to achieve this milestone. The bank posted better-than-expected Q4 results and is expected to maintain robust loan growth. Shares rallied over 2%, trading at ₹1,198.9. Private lenders are back on investors' radar, with HDFC Bank, Axis Bank, and ICICI Bank rallying over 2.3%. ICICI Bank became the 18th most valuable lender globally with a market cap of around $98 billion.