ICICI Bank Share Price

The revenue zoomed 22.60% to Rs. 260330.40 millions for the quarter ended September 2022 as compared to Rs. 212336.40 millions during the corresponding quarter last year.A comparatively good net profit growth of 37.14% to Rs. 75578.40 millions was reported for the quarter ended September 2022 compared to Rs. 55109.50 millions of previous same quarter.

The revenue zoomed 22.60% to Rs. 260330.40 millions for the quarter ended September 2022 as compared to Rs. 212336.40 millions during the corresponding quarter last year.A comparatively good net profit growth of 37.14% to Rs. 75578.40 millions was reported for the quarter ended September 2022 compared to Rs. 55109.50 millions of previous same quarter.

The sales moved up 29.09% to Rs. 285056.30 millions for the December 2022 quarter as compared to Rs. 220826.00 millions during the year-ago period.Net Profit recorded in the quarter ended December 2022 rise to 34.20% to Rs. 83118.50  millions  compared to R. 61938.10 millions in corresponding previous quarter.

The sales moved up 29.09% to Rs. 285056.30 millions for the December 2022 quarter as compared to Rs. 220826.00 millions during the year-ago period.Net Profit recorded in the quarter ended December 2022 rise to 34.20% to Rs. 83118.50  millions  compared to R. 61938.10 millions in corresponding previous quarter.

It facilitates customers in account opening through Video KYC

ICICI Bank is currently trading at Rs. 868.55, up by 3.90 points or 0.45% from its previous closing of Rs. 864.65 on the BSE.

The scrip opened at Rs. 856.00 and has touched a high and low of Rs. 870.60 and Rs. 855.90 respectively. So far 521080 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 887.25 on 18-Aug-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 887.25 and Rs. 840.00 respectively. The current market cap of the company is Rs. 604728.82 crore.

The Institutions holding in the company stood at 89.10%, while Non-Institutions held 10.89%.

ICICI Bank has opened state-of-the-art phone banking centre in Bhubaneswar in Odisha. Powered by Artificial Intelligence (AI) and robotics, the centre is well equipped to serve the bank’s retail, business and corporate customers across the country. It also facilitates customers in account opening through Video KYC.

ICICI Bank is a leading private sector bank in India.

ICICI Bank has informed that the Bank has allotted 630,935 equity shares of face value of 2 each on August 26, 2022 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

ICICI Bank has informed that ICICI Bank has allotted 564,595 equity shares of face value of 2 each on October 14, 2022 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

ICICI Bank has informed that ICICI Bank has allotted 60,038 equity shares of face value of 2 each on October 21, 2022 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

Total consolidated Income of the bank increased by 14.42% to Rs 45,178.22 crore for Q2FY23

ICICI Bank is currently trading at Rs. 928.20, up by 2.30 points or 0.25% from its previous closing of Rs. 925.90 on the BSE.

The scrip opened at Rs. 938.90 and has touched a high and low of Rs. 942.70 and Rs. 925.15 respectively. So far 179277 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 942.70 on 25-Oct-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 942.70 and Rs. 880.25 respectively. The current market cap of the company is Rs. 648306.81 crore.

The Institutions and Non-Institutions held 89.10% and 10.89% stake in the company.

ICICI Bank has reported results for second quarter ended September 30, 2022. The bank has reported rise of 37.14% in its net profit at Rs 7,557.84 crore for Q2FY23 as compared to Rs 5,510.95 crore for the corresponding quarter previous year. Total income of the bank increased by 19.43% to Rs 31,087.91 crore for the quarter under review as compared to Rs 26,030.82 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 31.44% in its its net profit at Rs 8,006.99 crore for the quarter under review as compared to Rs 6,091.84 crore for the same quarter in the previous year. Total income of the bank increased by 14.42% to Rs 45,178.22 crore for the quarter under review as compared to Rs 39,484.49 crore for the same quarter in the previous year. 
 

ICICI Bank has informed about the instructions of stop transfer received by them against the shares as the shareholders had requested them for issue of duplicate share certificates. The details are enclosed.

The above information is a part of company’s filings submitted to BSE.

ICICI Bank has informed that ICICI Bank has allotted 370,685 equity shares of face value of 2 each on October 28, 2022 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

ICICI Bank has informed that the company has received stop transfer against the shares as the shareholders had requested them for issue of duplicate share certificates. The details are attached.

The above information is a part of company’s filings submitted to BSE.

ICICI Bank has informed that the Bank has allotted 545,867 equity shares of face value of 2 each on November 22, 2022 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

The Bank is the first bank to offer these products in GIFT City

ICICI Bank is currently trading at Rs. 925.70, up by 2.85 points or 0.31% from its previous closing of Rs. 922.85 on the BSE.

The scrip opened at Rs. 927.80 and has touched a high and low of Rs. 927.80 and Rs. 924.00 respectively. So far 32706 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 942.70 on 25-Oct-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 927.80 and Rs. 910.60 respectively. The current market cap of the company is Rs. 645363.64 crore.

Institutions and Non-Institutions held 89.73% and 10.28% stake in the company.

ICICI Bank has launched two new products, namely Loan Against Deposits (LAD) and Dollar Bonds, for NRI customers at its branch in GIFT City, the Gujarat-based emerging global financial and IT services hub. ICICI Bank is the first bank to offer these products in GIFT City.

Moreover, ICICI Bank’s branch at GIFT City offers banking solutions to corporates including Transaction Banking, Current Accounts, Foreign Currency Deposits, Trade Finance (for importers and exporters), Corporate Finance including External Commercial Borrowing and Foreign Currency Term Loans.

ICICI Bank is a leading private sector bank in India.

ICICI Bank plans to offer other retail loans such as personal, auto and credit cards on this platform

ICICI Bank is currently trading at Rs. 946.30, up by 9.85 points or 1.05% from its previous closing of Rs. 936.45 on the BSE.

The scrip opened at Rs. 933.70 and has touched a high and low of Rs. 949.90 and Rs. 933.70 respectively. So far 241852 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 949.90 on 29-Nov-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 949.90 and Rs. 924.00 respectively. The current market cap of the company is Rs. 661988.64 crore.

The Institutions and Non-Institutions held 89.73% and 10.28%, stake in the Bank respectively.

ICICI Bank has launched ‘iLens’, a digital lending solution, powered by the Tata Consultancy Services (TCS) lending platform. The first-of-its-kind platform digitizes the entire lending process-from application to disbursement-for everyone, including new-to-bank customers, to offer them unparalleled convenience with faster turnaround of loan applications, greater transparency of loan status and enriched experience.

To begin with, ‘iLens’ has started empowering customers, including new-to-bank individuals, to avail housing loans in a completely digital process with hassle-free on-boarding via paperless login, uploading documents, receiving instant sanctions, appraising properties, and disbursement of loans. ICICI Bank plans to offer other retail loans such as personal, auto and credit cards on this platform.

‘iLens’, which stands for ICICI Bank Lending Solutions, is powered by the TCS Lending Platform and is customized with ICICI Bank’s proprietary policies for loans, data-led algorithms and over 130 API integrations including with fintechs, enabling quicker credit assessment, property appraisals, legal and technical documentation. Based on these, many of the new-to-bank customers will also be given pre-approved offers-yet another industry first initiative.

ICICI Bank is a leading private sector bank in India.

The bonds carry a coupon of 7.63% p.a. payable annually and were issued at par

ICICI Bank is currently trading at Rs. 930.60, up by 1.30 points or 0.14% from its previous closing of Rs. 929.30 on the BSE.

The scrip opened at Rs. 931.00 and has touched a high and low of Rs. 931.40 and Rs. 927.70 respectively. So far 1846481 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 934.75 and Rs. 920.65 respectively. The current market cap of the company is Rs. 648389.27 crore.

The Institutions holding in the company stood at 89.73%, while Non-Institutions held 10.28% stake in the company.

ICICI Bank has raised Rs 5000 crore through allotment of 50,000 senior unsecured redeemable long term bonds in the nature of debentures on private placement basis, the date of allotment being December 12, 2022. The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029). There are no special rights/ privileges attached to the bonds.

The bonds carry a coupon of 7.63% p.a. payable annually and were issued at par. The bonds would be listed in the relevant segment of the NSE. The bonds are rated ‘AAA /Stable’ by CARE Ratings, ‘AAA /Stable’ by CRISIL Ratings and ‘AAA /Stable’ by ICRA.

ICICI Bank is a leading private sector bank in India.

ICICI Bank has informed that bank has allotted 521,881 equity shares of face value of 2 each on December 20, 2022 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

Total consolidated income of the bank increased by 20.05% to Rs 47,859.50 crore for Q3FY23

ICICI Bank is currently trading at Rs. 878.05, up by 7.65 points or 0.88 % from its previous closing of Rs. 870.40 on the BSE.

The scrip opened at Rs. 883.90 and has touched a high and low of Rs. 883.90 and Rs. 871.25 respectively. So far 168224 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 877.60 and Rs. 858.00 respectively. The current market cap of the company is Rs. 611972.35 crore.

The Institutions and Non-Institutions held 89.53% and 10.47% stake respectively, the company.

ICICI Bank has reported results for third quarter ended December 31, 2022. The bank has reported rise of 34.20% in its net profit at Rs 8,311.85 crore for Q3FY23 as compared to Rs 6,193.81 crore for the corresponding quarter previous year. Total income of the bank increased by 23.86% to Rs 33,529.26 crore for the quarter under review as compared to Rs 27,069.67 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 34.51% in its net profit at Rs 8,792.42 crore for Q3FY23 as compared to Rs 6,536.55 crore for the same quarter in the previous year. Total income of the bank increased by 20.05% to Rs 47,859.50 crore for the quarter under review as compared to Rs 39,865.80 crore for the same quarter in the previous year.

The Bank will provide inventory funding to the authorized passenger EV dealers

ICICI Bank is currently trading at Rs. 874.15, up by 2.60 points or 0.30% from its previous closing of Rs. 871.55 on the BSE.

The scrip opened at Rs. 877.25 and has touched a high and low of Rs. 881.20 and Rs. 870.50 respectively. So far 70829 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 883.90 and Rs. 858.75 respectively. The current market cap of the company is Rs. 609599.82 crore.

The Institutions and Non-Institutions held 89.53% and 10.47% stake in the company.

Tata Motors has partnered with ICICI Bank to offer financing solutions to its authorized passenger electric vehicle dealers. Under the partnership, ICICI Bank will provide inventory funding to the authorized passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models. The EV dealers can avail flexible repayment tenures through the partnership.

ICICI Bank is a leading private sector bank in India.

ICICI Bank has informed that the Bank has allotted 247,929 equity shares of face value of 2 each on January 31, 2023 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

ICICI Bank has informed that bank has allotted 651,248 equity shares of face value of 2 each on February 3, 2023 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

ICICI Bank has informed that ICICI Bank has allotted 90,939 equity shares of face value of 2 each on February 17, 2023 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

ICICI Bank has informed that the Bank has allotted 123,120 equity shares of face value of 2 each on February 24, 2023 under the Employee Stock Option Scheme (ESOS).

The above information is a part of company’s filings submitted to BSE.

The newly launched ‘3-in-1’ account enables the clients of stock brokers to digitally open online trading, demat and savings account in a few hours from anywhere across the country

ICICI Bank is currently trading at Rs. 865.45, up by 11.50 points or 1.35% from its previous closing of Rs. 853.95 on the BSE.

The scrip opened at Rs. 855.05 and has touched a high and low of Rs. 866.20 and Rs. 849.85 respectively. So far 81560 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 870.55 and Rs. 834.00 respectively. The current market cap of the company is Rs. 598804.29 crore.

The Institutions holding in the company stood at 89.53%, while Non-Institutions held 10.47% stake in the company.

ICICI Bank has launched an array of digital solutions for participants of the capital market and clients of custody services. The solutions enable various participants in the sector including stock brokers, Portfolio Management Service (PMS) providers, Foreign Portfolio Investors (FPIs), Foreign Direct Investors (FDIs), and Alternative Investment Funds (AIFs) to seamlessly meet all their banking requirements. The Bank has launched these solutions to offer expeditious onboarding and convenience to all participants of the Indian capital market which has seen significant growth in the last few years.

The newly launched ‘3-in-1’ account enables the clients of stock brokers to digitally open online trading, demat and savings account in a few hours from anywhere across the country. The facility empowers stock brokers to integrate their trading and depository systems with the Bank through API, providing them with the advantage of real time information on availability of investor funds. The Bank has also enabled providers of PMS services to digitally open savings account and demat account in a single working day, significantly reducing onboarding and activation time.

Additionally, the Bank has launched a digital platform for onboarding and registration of FPIs/FDIs from any country across the globe. The platform helps FPIs/FDIs to upload documents and information seamlessly for pre-verification, thereby paring the registration and onboarding time down to a few days.

ICICI Bank is a leading private sector bank in India.

The bank received time extension to divest stake in ICICI Lombard General Insurance

ICICI Bank is currently trading at Rs. 843.95, up by 1.15 points or 0.14% from its previous closing of Rs. 842.80 on the BSE.

The scrip opened at Rs. 840.00 and has touched a high and low of Rs. 855.00 and Rs. 839.50 respectively. So far 191641 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 958.00 on 30-Nov-2022 and a 52 week low of Rs. 670.35 on 17-Jun-2022.

Last one week high and low of the scrip stood at Rs. 876.50 and Rs. 836.30 respectively. The current market cap of the company is Rs. 589791.82 crore.

The Institutions and Non-Institutions held 89.53% and 10.47%, stake in the bank respectively.

ICICI Bank has received approval from Reserve Bank of India (RBI) for extension of time till September 9, 2024 for divesting the Bank’s shareholding in ICICI Lombard General Insurance Company (Company) to less than 30% of the Company’s paid up capital.

ICICI Bank is a leading private sector bank in India.

ICICI Bank has informed that it enclosed the schedule of investor meet.

The above information is a part of company’s filings submitted to BSE.

Pursuant to the applicable provisions of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ICICI Bank has informed that the meeting of the Board of Directors of the Bank is scheduled to be held on Saturday, April 22, 2023 to consider and approve the audited financial results (standalone and consolidated) for the quarter and year ending March 31, 2023 and recommendation of dividend, if any, for the year ending March 31, 2023. In view of the above and pursuant to the provisions of the SEBI (Prohibition of Insider Trading) Regulations, 2015 read with ICICI Bank Code on Prohibition of Insider Trading, the Trading Window for dealing in the securities of the Bank will remain closed for all Designated Persons of the Bank (including Directors) and their immediate relatives from April 1, 2023 to April 24, 2023.

The above information is a part of company’s filings submitted to BSE.

Audited Results & Final Dividend

Quarterly Results

Rs.5.0000 per share(250%)Final Dividend

Quarterly Results

Audited Results & Final Dividend

Quarterly Results

Quarterly Results

Rs.2.0000 per share(100%)Final Dividend

Quarterly Results

This is with reference to our earlier letter dated March 25,2021. We wish to inform you that the Board of the Bank at its meeting scheduled on April 24, 2021 will also consider, inter-alia, the following: 'fund raising by way of issuance of debt securities including non-convertible debentures/bonds/notes/offshore certificate of deposits in single/multiple tranches in any currency through public/private placement' We request you to kindly take the above information on record and consider this disclosure as compliance under Regulations 29(1)(d), 50(2) & 50(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quarterly Results

Quarterly Results

It facilitates customers in account opening through Video KYC

ICICI Bank has opened state-of-the-art phone banking centre in Bhubaneswar in Odisha. Powered by Artificial Intelligence (AI) and robotics, the centre is well equipped to serve the bank’s retail, business and corporate customers across the country. It also facilitates customers in account opening through Video KYC.

ICICI Bank is a leading private sector bank in India.

The bank has entered into partnership to launch a range of credit cards on RuPay

ICICI Bank has partnered with National Payments Corporation of India (NPCI) to launch a range of credit cards on RuPay, the indigenous payments network. ICICI Bank RuPay Credit Card is available in the Coral variant of the Bank’s Gemstone series, which will be followed by Rubyx and Sapphiro variants soon. Called, ‘ICICI Bank Coral RuPay Credit Card’, the contactless card offers a host of privileges and benefits including reward points on daily purchases like shopping and restaurants, paying utility bills, complimentary domestic airport & railway lounge access, waiver of fuel surcharge, discounts on movie tickets & dining, among others. The card also offers exclusive benefits of the RuPay network such as accident insurance coverage to the cardholder and dedicated personal concierge services.

ICICI Bank is a leading private sector bank in India.

Rating agency ICRA has assigned ‘AAA’ rating to the proposed infrastructure bond

ICICI Bank is reportedly planning to raise up to Rs 10,000 crore through infrastructure bonds for project financing and affordable housing. Rating agency ICRA has assigned ‘AAA’ rating to the proposed infrastructure bond offering by the bank.

ICICI Bank is a leading private sector bank in India.

The bonds carry a coupon of 7.42% p.a. payable annually

ICICI Bank has raised Rs 2100 crore through allotment of 21,000 senior unsecured redeemable long term bonds in the nature of debentures. The bonds are redeemable at the end of 7 years (redemption date being September 15, 2029). The bonds carry a coupon of 7.42% p.a. payable annually and were issued at par. The bonds would be listed in the relevant segment of the NSE.

The bonds are rated ‘AAA; Stable’ by CARE Ratings, ‘AAA/Stable’ by CRISIL Ratings and ‘AAA Stable’ by ICRA.

ICICI Bank is a leading private sector bank in India.

The customers can enjoy the benefit of discounts and cashbacks upto Rs 25,000 which can be availed using the Bank’s credit/ debit cards, internet banking, consumer finance and cardless EMI

ICICI Bank has launched ‘Festive Bonanza’, a wide variety of offers for all its customers at the onset of the festive season. The customers can enjoy the benefit of discounts and cashbacks upto Rs 25,000 which can be availed using the Bank’s credit/ debit cards, internet banking, consumer finance and cardless EMI. These offers are also available to the customers in the form of EMIs using the Bank’s debit/ credit cards.

The Bank has curated a bouquet of offers to meet the festive needs of customers in categories ranging from electronics & gadgets, global luxury brands, apparels & jewellery, grocery, automobile, furniture, travel and dining. The list of marquee brands offering attractive offers include Flipkart, Amazon, Myntra, Bigbasket, Blinkit, MakeMyTrip, iPhone 14, Samsung, Ajio, Reliance Digital, Croma, LG, Dell, Swiggy, Zomato, PC Jewellers (PCJ), and many more. Special offers on banking products such as loans (home loan, personal loan, and gold loan) can also be availed.

ICICI Bank is a leading private sector bank in India.

The Home Vantage Current Account (HVCA) can be activated digitally before the students leave India for the UK

ICICI Bank’s wholly-owned subsidiary -- ICICI Bank UK has launched a new account designed for Indian students headed for higher education in Britain. The Home Vantage Current Account (HVCA), which comes with a Visa debit card valid for use anywhere in the world, can be activated digitally before the students leave India for the UK. As an equivalent to a savings account in India, the account holder can activate internet banking and mobile banking once it has been activated. The students can opt for the physical debit card to be delivered to an Indian or UK address.

ICICI Bank is a leading private sector bank in India.

A DBU comprises two distinct areas -- a Self-service Zone and a Digital Assistance Zone

ICICI Bank has launched four Digital Banking Units (DBUs) to offer banking services to its customers digitally. The launch is part of the government’s plan to set up 75 DBUs in as many districts to commemorate 75 years of India's independence.

A DBU comprises two distinct areas -- a Self-service Zone and a Digital Assistance Zone. The Self-service Zone houses an ATM, a Cash Deposit Machine (CDM) and a Multi-Functional Kiosk (MFK) that offers a number of services including printing of passbook, depositing cheque and accessing internet banking.

Further, it has a Digi Branch Kiosk that offers all services available on iMobile Pay, the Bank’s mobile banking app. The Zone also provides a digital interactive screen where customers can interact with a chatbot in order to find product offers and mandatory notices. The Self-service Zone is operational 24x7.

ICICI Bank is a leading private sector bank in India.

Total consolidated Income of the bank increased by 14.42% to Rs 45,178.22 crore for Q2FY23

ICICI Bank has reported results for second quarter ended September 30, 2022.

The bank has reported rise of 37.14% in its net profit at Rs 7,557.84 crore for Q2FY23 as compared to Rs 5,510.95 crore for the corresponding quarter previous year. Total income of the bank increased by 19.43% to Rs 31,087.91 crore for the quarter under review as compared to Rs 26,030.82 crore for the same quarter in the previous year.

On the consolidated basis, the bank has reported rise of 31.44% in its its net profit at Rs 8,006.99 crore for the quarter under review as compared to Rs 6,091.84 crore for the same quarter in the previous year. Total income of the bank increased by 14.42% to Rs 45,178.22 crore for the quarter under review as compared to Rs 39,484.49 crore for the same quarter in the previous year. 

The Bank is the first bank to offer these products in GIFT City

ICICI Bank has launched two new products, namely Loan Against Deposits (LAD) and Dollar Bonds, for NRI customers at its branch in GIFT City, the Gujarat-based emerging global financial and IT services hub. ICICI Bank is the first bank to offer these products in GIFT City.

Moreover, ICICI Bank’s branch at GIFT City offers banking solutions to corporates including Transaction Banking, Current Accounts, Foreign Currency Deposits, Trade Finance (for importers and exporters), Corporate Finance including External Commercial Borrowing and Foreign Currency Term Loans.

ICICI Bank is a leading private sector bank in India.

The Target entity is initially proposed to be incorporated through seed capital of Rs 5 lakh

ICICI Bank has entered into an agreement on November 23, 2022 in relation to an initial investment in the seed equity capital of the proposed Joint Venture (JV) of Indian Oil Corporation (IOCL) and Chennai Petroleum Corporation (CPCL) (Target entity) (to be incorporated).

Target entity will be a proposed Joint Venture Company of IOCL and CPCL (the Promoters) for implementing a 9 MMTPA refinery at Nagapattinam, Tamil Nadu in which IOCL and CPCL shall together hold 50% equity stake (25% each) and balance would be held by other JV partners. Refinery shall produce petroleum products including MS (Petrol), HSD (Diesel), LPG, etc. and petrochemical products such as polypropylene.

The Target entity is initially proposed to be incorporated through seed capital of Rs 5 lakh, in which the Acquirer, ICICI Bank will subscribe 10% of total paid up capital of the Target entity.

ICICI Bank is a leading private sector bank in India.

ICICI Bank plans to offer other retail loans such as personal, auto and credit cards on this platform

ICICI Bank has launched ‘iLens’, a digital lending solution, powered by the Tata Consultancy Services (TCS) lending platform. The first-of-its-kind platform digitizes the entire lending process-from application to disbursement-for everyone, including new-to-bank customers, to offer them unparalleled convenience with faster turnaround of loan applications, greater transparency of loan status and enriched experience.

To begin with, ‘iLens’ has started empowering customers, including new-to-bank individuals, to avail housing loans in a completely digital process with hassle-free on-boarding via paperless login, uploading documents, receiving instant sanctions, appraising properties, and disbursement of loans. ICICI Bank plans to offer other retail loans such as personal, auto and credit cards on this platform.

‘iLens’, which stands for ICICI Bank Lending Solutions, is powered by the TCS Lending Platform and is customized with ICICI Bank’s proprietary policies for loans, data-led algorithms and over 130 API integrations including with fintechs, enabling quicker credit assessment, property appraisals, legal and technical documentation. Based on these, many of the new-to-bank customers will also be given pre-approved offers-yet another industry first initiative.

ICICI Bank is a leading private sector bank in India.

The first-of-its kind initiative offers builders, banking solutions such as digital opening of bank accounts

ICICI Bank has launched a STACK for companies in real estate sector to offer solutions to their banking requirements on one platform. The STACK, which is a combination of digital and phygital solutions, enables participants of the real estate sector namely builders, Real Estate Investment Trusts (REITs) and Alternate Investment Funds (AIFs) to undertake banking transactions expeditiously. This initiative is an extension of the ‘ICICI STACK for Corporates’ which the Bank launched last year to provide a customised set of banking solutions for corporates and their entire ecosystem.

The first-of-its kind initiative offers builders, banking solutions such as digital opening of bank accounts, instant generation of account number for RERA registration, construction finance, inventory funding, and lease rental discounting to cater to their financial needs, depending on the life cycle stage of a project. In addition, it enables them to manage their payment obligations to vendors, employees, utility providers and statutory payments efficiently.

The STACK also provides REITs and AIFs with services for digital collection, reconciliation, surplus distribution and custodial services. REITs are trusts that manage high quality real estate property portfolios, collect rent through lease income and distribute the surplus to the investors. AIFs invest privately pooled funds in various asset classes including the real estate sector. Both REITs and AIFs require robust collection, reconciliation and surplus distribution services digitally.

ICICI Bank is a leading private sector bank in India.

The bonds carry a coupon of 7.63% p.a. payable annually and were issued at par

ICICI Bank has raised Rs 5000 crore through allotment of 50,000 senior unsecured redeemable long term bonds in the nature of debentures on private placement basis, the date of allotment being December 12, 2022. The bonds are redeemable at the end of 7 years (redemption date being December 12, 2029). There are no special rights/ privileges attached to the bonds.

The bonds carry a coupon of 7.63% p.a. payable annually and were issued at par. The bonds would be listed in the relevant segment of the NSE. The bonds are rated ‘AAA /Stable’ by CARE Ratings, ‘AAA /Stable’ by CRISIL Ratings and ‘AAA /Stable’ by ICRA.

ICICI Bank is a leading private sector bank in India.

The set of solutions also offer industry-first facilities such as instant disbursal of Export Packing Credit and Trade APIs

ICICI Bank has launched digital solutions for exporters, a comprehensive set of banking and value-added services on a single platform. In a first-of-its kind initiative in the industry, the suite of solutions digitise the entire export life-cycle -- from discovery of export markets, export finance, foreign exchange services to receipt of export incentives. The initiative aims to simplify the journey of exporters by decongesting the current time-intensive manual procedures, thereby significantly improving their operational efficiency.

The set of solutions also offer industry-first facilities such as instant disbursal of Export Packing Credit (Insta EPC) and Trade APIs. Insta EPC provides export finance instantly, while Trade APIs enable smooth handling of export transactions directly from exporters’ ERP systems, thereby providing greater convenience.

ICICI Bank is a leading private sector bank in India.

BNP Paribas Arbitrage offloaded the shares of the company at the same price

Societe Generale has bought ICICI Bank's shares worth over Rs 173 crore through an open market transaction. According to the block deal data available with the BSE, Societe Generale acquired 20,00,000 shares of the company.

The shares were purchased at an average price of Rs 867 per share, taking the aggregate value to Rs 173.40 crore. Meanwhile, BNP Paribas Arbitrage offloaded the shares of the company at the same price.

ICICI Bank is a leading private sector bank in India.

ICICI Bank will provide inventory funding to the authorized passenger EV dealers

Tata Motors has partnered with ICICI Bank to offer financing solutions to its authorized passenger electric vehicle dealers. Under the partnership, ICICI Bank will provide inventory funding to the authorized passenger EV dealers in addition to the bank's funding to dealers for diesel and petrol models. The EV dealers can avail flexible repayment tenures through the partnership.

ICICI Bank is a leading private sector bank in India.

MoU aims to cater to the banking requirements of European corporates operating in India and Indian companies in the European Union

ICICI Bank has signed Memorandum of Understanding (MoU) with BNP Paribas to cater to the banking requirements of European corporates operating in India and Indian companies in the European Union. This alliance will further strengthen BNP Paribas' commitment to supporting Indian corporates in their global journey and European corporate clients looking to expand their footprint in India.

ICICI Bank is a leading private sector bank in India.

The newly launched ‘3-in-1’ account enables the clients of stock brokers to digitally open online trading, demat and savings account in a few hours from anywhere across the country

ICICI Bank has launched an array of digital solutions for participants of the capital market and clients of custody services. The solutions enable various participants in the sector including stock brokers, Portfolio Management Service (PMS) providers, Foreign Portfolio Investors (FPIs), Foreign Direct Investors (FDIs), and Alternative Investment Funds (AIFs) to seamlessly meet all their banking requirements. The Bank has launched these solutions to offer expeditious onboarding and convenience to all participants of the Indian capital market which has seen significant growth in the last few years.

The newly launched ‘3-in-1’ account enables the clients of stock brokers to digitally open online trading, demat and savings account in a few hours from anywhere across the country. The facility empowers stock brokers to integrate their trading and depository systems with the Bank through API, providing them with the advantage of real time information on availability of investor funds. The Bank has also enabled providers of PMS services to digitally open savings account and demat account in a single working day, significantly reducing onboarding and activation time.

Additionally, the Bank has launched a digital platform for onboarding and registration of FPIs/FDIs from any country across the globe. The platform helps FPIs/FDIs to upload documents and information seamlessly for pre-verification, thereby paring the registration and onboarding time down to a few days.

ICICI Bank is a leading private sector bank in India.

The bank now has time until September 09, 2024 to reduce stake

ICICI Bank has received approval from Reserve Bank of India (RBI) for extension of time till September 9, 2024 for divesting the Bank’s shareholding in ICICI Lombard General Insurance Company (Company) to less than 30% of the Company’s paid up capital.

ICICI Bank is a leading private sector bank in India.

The Bank provides innovative solutions through its domestic and international network, and branch at GIFT City

ICICI Bank is offering a comprehensive bouquet of digital and physical solutions to cater to all banking needs of startups across their various life stages. The Bank provides innovative solutions through its domestic and international network, and branch at GIFT City, the Gujarat-based emerging global financial and IT services hub.

The ‘Startup Ecosystem Banking’ proposition of the Bank offers treasury and transaction banking solutions, lending solutions, digital integrations, handling FDI and regulatory compliances, personal banking services for employees and founders. ICICI Bank provides comprehensive solutions through its domestic network and international presence at New York, Toronto, London, Dubai, Singapore and Hong Kong. The ecosystem banking is further enhanced by the Bank’s presence at GIFT City.

ICICI Bank is a leading private sector bank in India.