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ICICI Bank Ltd (ICBK.BO)

ICBK.BO on Bombay Stock Exchange

358.00INR
10:18am GMT
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Latest Key Developments (Source: Significant Developments)

India's ICICI Bank Sept-Qtr Net Profit Plunges 55.8 Pct
Friday, 26 Oct 2018 

Oct 26 (Reuters) - ICICI Bank Ltd ::SEPT QUARTER NET PROFIT 9.09 BILLION RUPEES VERSUS NET PROFIT OF 20.58 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR SEPT QUARTER PROFIT WAS 9.98 BILLION RUPEES.SEPT QUARTER INTEREST EARNED 151.06 BILLION RUPEES VERSUS 135.77 BILLION RUPEES YEAR AGO.SEPT QUARTER PROVISIONS AND CONTINGENCIES 39.94 BILLION RUPEES VERSUS 45.03 BILLION RUPEES YEAR AGO.SEPT QUARTER GROSS NPA 8.54 PERCENT VERSUS 8.81 PERCENT PREVIOUS QUARTER.SEPT QUARTER NET NPA 3.65 PERCENT VERSUS 4.19 PERCENT PREVIOUS QUARTER.NET INTEREST MARGIN AT 3.33 PERCENT IN Q2-2019.PROVISION COVERAGE RATIO (INCLUDING TECHNICAL/PRUDENTIAL WRITE-OFFS) AT 69.4 PERCENT AT SEPTEMBER 30, 2018.NET LOANS TO COS WHOSE FACILITIES HAVE BEEN RESTRUCTURED WERE 14.13 BILLION RUPEES AT SEPT 30 AT SAME LEVEL AS COMPARED TO JUNE 30, 2018.AT SEPT 30, 2018, BANK HOLDS PROVISION OF ABOUT 93.01 BILLION RUPEES W.R.T OUTSTANDING LOANS TO BORROWERS UNDER IBC.  Full Article

ICICI Bank Approves Appointment Of Sandeep Bakhshi As MD, CEO
Tuesday, 16 Oct 2018 

Oct 16 (Reuters) - ICICI Bank Ltd ::APPROVES APPOINTMENT OF SANDEEP BAKHSHI AS MANAGING DIRECTOR & CEO.  Full Article

ICICI Bank Accepts Chanda Kochhar's Request For Early Retirement
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - ICICI Bank Ltd ::SAYS ACCEPTED REQUEST OF MS CHANDA KOCHHAR TO SEEK EARLY RETIREMENT FROM BANK AT EARLIEST.SAYS DECIDED TO APPOINT SANDEEP BAKHSHI AS MANAGING DIRECTOR & CHIEF EXECUTIVE OFFICER.SAYS KOCHHAR WILL ALSO RELINQUISH OFFICE FROM BOARD OF DIRECTORS OF BANK'S SUBSIDIARIES.SAYS BAKHSHI'S APPOINTMENT WILL BE FOR A PERIOD OF FIVE YEARS UNTIL OCTOBER 3, 2023,.SAYS MD MALLYA, INDEPENDENT DIRECTOR RESIGNED FROM THE BOARD AND THE SAME WAS ACCEPTED.  Full Article

ICICI Bank Approves Proposed Offshore Borrowings
Monday, 24 Sep 2018 

Sept 24 (Reuters) - ICICI Bank Ltd ::APPROVED PROPOSED OFFSHORE BORROWINGS VIA ISSUANCES OF DEBT INSTRUMENTS, CERTIFICATE OF DEPOSITS.  Full Article

ICICI Bank To Acquire Stake In Avenues Payment India For 100.1 Mln Rupees
Friday, 21 Sep 2018 

Sept 21 (Reuters) - ICICI Bank Ltd ::PROPOSES TO ACQUIRE 8.85 PERCENT STAKE IN AVENUES PAYMENT INDIA FOR 100.1 MILLION RUPEES IN CASH.  Full Article

ICICI Bank Gets Shareholders' Nod To Appoint Girish Chandra Chaturvedi As Independent Nonexecutive Chairman
Wednesday, 12 Sep 2018 

Sept 12 (Reuters) - ICICI Bank Ltd ::GETS SHAREHOLDERS' NOD FOR APPOINTMENT OF GIRISH CHANDRA CHATURVEDI AS INDEPENDENT NONEXECUTIVE (PART-TIME) CHAIRMAN.GETS SHAREHOLDERS' NOD FOR APPOINTMENT OF SANDEEP BAKHSHI AS CHIEF OPERATING OFFICER (DESIGNATE).GETS SHAREHOLDERS' NOD FOR PRIVATE PLACEMENT OF SECURITIES.  Full Article

ICICI Bank Says Did Not Get Any Notice From I-T Dept On Sale Of Mumbai Building To Videocon
Tuesday, 11 Sep 2018 

Sept 11 (Reuters) - ICICI Bank Ltd ::ICICI BANK LTD CLARIFIES ON NEWS ITEM ON I-T PROBE ON SALE OF CO'S BUILDING IN MUMBAI TO VIDEOCON GROUP.CLARIFIES THAT BANK HAS NOT RECEIVED ANY NOTICE/COMMUNICATION FROM I-T DEPARTMENT.  Full Article

India's Tata Power Says Prayagraj Power Generation Issues Letter Of Intent To Resurgent Power
Wednesday, 29 Aug 2018 

Aug 29 (Reuters) - Tata Power Company Ltd ::PRAYAGRAJ POWER GENERATION COMPANY LTD (PPGCL) ISSUED LETTER OF INTENT TO RESURGENT POWER VENTURES FOR ACQUISITION OF 75.01% STAKE IN PPGCL.RESURGENT POWER IS JOINT VENTURE BASED OUT OF SINGAPORE AND IS HELD 26% BY TATA POWER AND BALANCE 74% OF HELD BY ICICI BANK AND INVESTORS.  Full Article

ICICI Bank Denies Media Reports Of Co Masking Bad Loans
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - ICICI Bank Ltd ::CLARIFIES ON MEDIA REPORTS ON BANK MASKING BAD LOANS THROUGH CHANGE IN ACCOUNTING POLICY.BANK'S ACCOUNTS ARE AUDITED BY REPUTED STATUTORY AUDITORS WHOSE AUDIT REPORT AND AUDIT OPINION FORM PART OF THE BANK'S ANNUAL REPORT.SAYS BANK HAS MADE FULL DISCLOSURE IN ITS ANNUAL REPORT, INVESTOR PRESENTATIONS AND ANALYSTS CALLS.WRITE-OFFS DO NOT IMPACT LOAN CLASSIFICATION, ADDITIONS TO NPAS, PROFIT & LOSS ACCOUNT OR NET NPA RATIO OF BANK.HAS ALSO DISCLOSED PROVISION COVERAGE RATIO BOTH INCLUDING AND EXCLUDING PRUDENTIAL/ TECHNICAL WRITE-OFFS.  Full Article

ICICI Bank Says Got Notice On July 31 On Alleged Delayed Disclosure On May 18, 2010 On Agreement Entered By Bank
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - ICICI Bank Ltd ::RECEIVED NOTICE ON JULY 31 ON ALLEGED DELAYED DISCLOSURE ON MAY 18, 2010 OF AGREEMENT ENTERED BY BANK.  Full Article

Indian shares fall over 1 pct; financials drag

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