ICICI Bank Ltd (ICICIBANK)

ICICI Bank Shares Surge After Strong Q4 Results - 30 Apr, 2024

ICICI Bank's market capitalisation crosses Rs 8 trillion following better-than-expected Q4 results. Analysts recommend buying on dips and set target prices ranging from Rs 1,280 to Rs 1,350.

ICICI Bank Shares Surge to Historic Highs - 29 Apr, 2024

ICICI Bank reports a strong performance in Q4FY24, with a 17.38% YoY increase in net profit. ICICI Bank shares surge by 5.1% during intraday trade and touch a historic peak of ₹1,163 per share before finishing the trade with a gain of 4.72%, making it the fourth listed company to achieve a market capitalisation of over ₹8 lakh crore.

ICICI Bank Faces Opposition Over Delisting Plan & Reports Better-Than-Expected Q4 Net Profit - 28 Apr, 2024

ICICI Bank reported a better-than-expected Q4 net profit of ₹10,707.5 crore, but is facing opposition from shareholders over ICICI Securities' delisting plan and merger with ICICI Bank. The bank also highlighted increased spending on IT and cybersecurity in FY24 amid RBI's clampdown on Kotak Mahindra Bank. Meanwhile, ICICI Bank faces legal action from shareholders over its broking subsidiary's delisting proposal.

ICICI Bank Reports Strong Q4 Results and Declares Dividend - 27 Apr, 2024

ICICI Bank's Q4FY24 net profit rose 17% YoY to Rs 10,707.5 crore, with gross NPA at 2.16%. The bank declared a dividend of Rs 10 per share for FY24.

ICICI Bank Expects High Growth in Q4 Profit; Revises Service Charges - 26 Apr, 2024

ICICI Bank is expected to report strong Q4 results with high double-digit growth in net profit. The bank has also revised its savings account service charges effective May 1, 2024. However, the bank faced a glitch in its iMobile Pay app that exposed credit card details of around 17,000 users.

ICICI Bank Faces Glitch in Mobile App; Expected to Post Profit Growth in Q4FY24 - 25 Apr, 2024

ICICI Bank faces a glitch in its mobile app, allowing users to access other customer's details. The bank is expected to post a standalone profit of Rs 10,300 crore in Q4FY24, an increase of 12.9% YoY. Benchmark stock indices ended higher for the fourth session on Wednesday.

Investors Challenge ICICI Bank's Plan to Delist ICICI Securities - 24 Apr, 2024

A group of investors led by Manu Rishi Gupta is challenging ICICI Bank's scheme of arrangement to delist ICICI Securities in the National Company Law Tribunal. Quantum Mutual Fund is also considering legal action against the bank. Under the scheme of merger, around Rs 1,780 crore will be transferred to ICICI Bank shareholders from I-Sec minority shareholders.

ICICI Bank Board to Consider Fund Raising via Debt Securities - 22 Apr, 2024

ICICI Bank's board will meet on April 27 to discuss raising funds through debt securities. The bank has also revised its savings account service charges for certain services, effective from May 1, 2024.

ICICI Bank to Consider Raising Funds Through Debt Securities - 20 Apr, 2024

ICICI Bank's board will meet on April 27, 2024, to consider raising funds through the issuance of debt securities. The bank plans to raise funds by issuing non-convertible debentures in domestic markets and bonds/notes/offshore certificate of deposits in overseas markets. ICICI Bank reported a 23.58% jump in net profit to Rs 10,271.54 crore in Q3 FY24 compared to Q3 FY23.

ICICI Bank Board to Consider Fund Raising via Debt Securities - 19 Apr, 2024

ICICI Bank's board will meet to consider fund raising through the issuance of debt securities and buyback of debt securities. The bank had reported strong financial results with a 23.5% increase in standalone profit and a 13% rise in net interest income for Q3 ended December 2023. However, ICICI Bank shares fell as benchmark indices recorded their longest losing streak since October 26.

ICICI Bank Ltd Recommended for Portfolio Addition - 18 Apr, 2024

Sanjiv Bhasin recommends adding ICICI Bank to the portfolio as it is leading among largecap banks and expected to have a best-ever quarter with sweet spot CASA ratio, NIMs, and declining NPAs. The bank is seeing the best-ever credit offtake.

ICICI Bank Announces NEFT and RTGS Transaction Limits - 17 Apr, 2024

ICICI Bank has announced transaction limits for NEFT and RTGS transactions, with a minimum of Rs 1 and maximum of Rs 10 lakh or Rs 1 crore (based on customer segment) for NEFT, and a minimum of Rs 2 lakh and maximum of Rs 10 lakh or Rs 1 crore (based on customer segment) for RTGS.

ICICI Bank Faces Objection to Merger Plan - 15 Apr, 2024

ICICI Bank faces objections from Quantum Mutual Fund over its plan to merge with ICICI Securities. The bank's shares dip amid geopolitical tensions and high US inflation.

ICICI Bank Faces Opposition to Delisting Plan for ICICI Securities - 13 Apr, 2024

Quantum Mutual Fund has written a letter to ICICI Bank and SEBI objecting to the bank's plan to delist its subsidiary ICICI Securities. The fund alleges that the scheme of arrangement is non-compliant with regulations and against minority shareholders' interests.

SBI and ICICI Bank to act as intermediaries for European banks - 11 Apr, 2024

State Bank of India and ICICI Bank are expected to serve as local intermediaries for European banks seeking a plan for third-party clearing after a meeting between top Reserve Bank of India officials and certain European banks.

ICICI Bank Stock Predicted to Rise by Analysts - 10 Apr, 2024

ICICI Bank's stock is predicted to rise by analysts, with HDFC Securities recommending buying the stock with a target price of Rs. 1,180. Prabhudas Lilladher also has a buy call on the bank with a target price of Rs. 1,300. The bank has added around 2.65% in the last month.

ICICI Bank Stock Sees Positive Analyst Recommendations and Record High Contribution - 09 Apr, 2024

ICICI Bank sees positive recommendations from analysts including Motilal Oswal Securities and Sharekhan, as well as contributing to the S&P BSE Sensex hitting a record high of 75,000.

ICICI Bank Receives Positive Analyst Ratings and Provides Debt Facility to Tata Steel - 08 Apr, 2024

ICICI Bank receives positive analyst ratings with 49 buy calls and delivers steady loan growth. The bank also provides a debt facility worth Rs 2,675 crore to Tata Steel.

ICICI Bank Outperforms Axis Bank in Key Metrics - 05 Apr, 2024

According to a report by Motilal Oswal, ICICI Bank has consistently outperformed Axis Bank in crucial financial metrics such as return on assets and capitalization level. The report forecasts a healthy growth trajectory for ICICI Bank with a projected CAGR of 18% for its loan book over FY24-26E. Motilal Oswal expresses a preference for ICICI Bank citing its steady return ratios and superior growth potential.

ICICI Bank's Capitalisation Level Remains Strong Amid Insolvency Plea Against Jaiprakash Associates - 04 Apr, 2024

ICICI Bank's strong capitalisation level and expected sustainable earnings growth are positive indicators for investors. However, the bank's involvement in an insolvency and bankruptcy plea against Jaiprakash Associates may impact its reputation.