RBI imposes ₹12.19 crore penalty on ICICI Bank for regulatory breaches
The Reserve Bank of India (RBI) has taken strict measures against ICICI Bank Ltd., imposing a monetary penalty of ₹12.19 crore.
Stay updated with the latest news and articles about ICICI Bank.
                  
The Reserve Bank of India (RBI) has taken strict measures against ICICI Bank Ltd., imposing a monetary penalty of ₹12.19 crore.
                  
On June 30, 2023, the bank's total period-end deposits had increased significantly year over year by 17.9%, totalling 12,38,737 crore (US$151.0 billion). For Q1-2024, the average CASA ratio was 42.6%. Additionally, the domestic loan portfolio increased by 20.6% year over year, ending June 2023 at 10,25,310 crore (US$125.0 billion).
                  
ICICI Bank Q1 Results: ICICI Bank experienced a significant 38% year-on-year rise in its net interest income (NII), reaching ₹18,227 crore
                  
Pine Labs announced the acceptance of digital Rupee on its PoS terminals in partnership with ICICI Bank.
                  
Top stocks to watch today are Reliance Industries, ICICI Bank, Yes Bank, Macrotech Developers, HDFC Bank.
                  
ICICI Bank on Saturday announced that the board of the bank has approved a fund raise of Rs 25,000 crore through private placement of non-convertible debentures (NCDs).
ICICI Bank’s Q4 net profit came in at Rs 9,121.8 crore against Rs 8,311 crore in the previous quarter and Rs 7,019 crore in the same period last year.
                  
Shares of Reliance Industries, ICICI Bank and Infosys alone contributed 50% to Nifty’s move on Friday.
                  
Shares of Axis Bank, Canara Bank, IDBI, Jindal Stainless, and Tata Communications will be closely watched ahead of Monday's release of Q3 earnings.
According to a regulatory filing, ICICI Bank's overall income grew to 33,529 crore in the most recent December quarter from 27,069 crore the previous year.
                  
In overall, an increase in repo rates makes borrowing more expensive and savings more appealing. Policy repo rate adjustments have a considerable influence on lending and deposit interest rates.
                  
On Friday, the CBI detained former ICICI Bank CEO-MD Chanda Kochhar and her husband Deepak Kochhar in connection with the alleged ICICI Bank-Videocon money laundering case.
The Videocon Group's Nupower Renewables, Supreme Energy, Videocon International Electronics Ltd., and Videocon Industries Limited. were all detained, as well as Venugopal Dhoot.
                  
Stocks to watch today include ICICI Bank, which collected Rs 5,000 crore through bonds to finance corporate expansion, and Dalmia Bharat, which paid Rs 5,666 crore for the cement assets of Jaypee Group's company.
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