ICICI Bank
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ICICI Prudential Shares Dive 10% Following Q3 Earnings Report
The stock experienced a significant drop, reaching Rs 463.50 on the BSE, and a parallel decline to Rs 463.45 on the NSE.
Legal Action Against Chanda Kochhar and 10 Others for Alleged Fraud Involving Tomato Paste Company
The Economic Offence Wing of the Delhi Police subsequently filed an FIR on December 20, citing charges of cheating and criminal conspiracy.
Supreme Court Questions CBI Over Chanda Kochhar's Interim Bail Extension for 11 Months
During the proceedings, the court noted an adjournment request made on Kochhar's behalf and questioned the continuation of her interim bail.
RBI slaps Rs 12 cr fine on ICICI Bank, Rs 3.85 cr penalty on Kotak Mahindra Bank
"The penalty on ICICI Bank was imposed for contravention of sub-section (1) of Section 20 of the Banking Regulation Act, 1949 (the BR Act) read with directions issued by RBI on 'Loans and Advances-Statutory and Other restrictions', sub-section (2) of Section 6 and Section 8 of the BR Act read with directions issued by the RBI on ‘Financial Services provided by the Banks’, and non-compliance with the RBI directions on ‘Frauds classification and reporting by commercial banks and select Fls," the RBI said.
ICICI Lombard stock reacts after company receives GST show cause notice of Rs 1728 crore
Additionally, Coforge also received a tax demand notice for Rs. 82.9 billion for FY2019–20, he said.
'Valuation gap between ICICI Bank and HDFC Bank may not widen in short run'
“Post merger of HDFC and HDFC Bank, we believe, the valuation re-rerating will be delayed factoring margin squeeze,” Ajit Kabi, Banking Analyst at LKP Securities said. "The impact on the return profile will be keenly watched in the coming period. Hence, in the short run, we don’t see the valuation gap widen between HDFC Bank and ICICI Bank," he added.
'Indian corporate sector begins to contribute to growth of gross fixed capital formation'
Post-pandemic economic recovery was largely driven by growth in GFCF. It grew 25.6 per cent year-on-year (YoY) during FY22 to reach Rs 67.9 trillion in nominal terms. The growth in FY22 was largely driven by household investments into real estate and central government push towards infrastructure capex while state governments and corporates lagged in terms of capex growth, the report notes.
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