icici bank Archive

ICICI Bank plays a significant role in concluding the Rosneft-Essar Oil deal

Rosneft led consortium closes USD 12.9 billion acquisition of Essar Oil It is also the largest ever foreign acquisition in India The deal halves ICICI Bank’s exposure to the Essar Group Ms. Chanda Kochhar, MD & CEO, ICICI Bank said, “We welcome the acquisition of Essar Oil by the Rosneft-led consortium. ICICI Bank has played

ICICI Bank introduces instant credit card

First bank in the country to provide customers a credit card instantly Customers can immediately start online shopping Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of instant credit cards. This first-of-its-kind offering in the Indian banking industry enables the savings account customers of the Bank to get a credit

Chanda Kochhar, MD and CEO, ICICI Bank on RBI monetary policy

The RBI’s action today to lower the policy rate is a welcome step which had been widely anticipated given the significant decline in inflation observed recently. The prudent approach of the central bank in reacting to incoming data in a calibrated manner will reinforce the confidence amongst global investors. A number of regulatory and developmental

ICICI Bank introduces instant personal loans through ATMs

  Customers can get loans upto Rs.15 lakh instantly Fully digital and completely paperless procedure Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, announced the launch of instant disbursal of personal loans through ATMs.This service enables existing salaried customers of the bank to get pre-qualified personal loans in their savings account instantly, in

ICICI Bank authorised to collect GST

  GST can be paid digitally through ICICI Bank internet banking, credit & debit cards and RTGS/NEFT facilities Any business entity (including non-customers) can pay GST at the Bank’s branches also Plans to introduce an online payment solution for filing monthly GST return Mumbai: ICICI Bank, India’s largest private sector bank by consolidated assets, today

ICICI Bank led consortium of banks concludes the largest asset resolution in the country

Today the sale process of the cement business of Jaiprakash Associates Ltd. (JAL) and Jaypee Cement Corporation Limited (JCCL) to UltraTech Cement Ltd. has been concluded. This transaction is valued at Rs. 16,189 crore With this sale, part of the debt of JAL and JCCL has been transferred from a stressed account to a AAA

Comments of Ms Chanda Kochhar, MD and CEO, ICICI Bank on RBI policy

“The RBI’s acknowledgement of downward shift in the inflation trajectory is welcome. It is also heartening that the RBI has again reiterated its focus on resolution of stressed assets which will help to strengthen the banking system and ensure that investments made are optimally utilised. The SLR cut and reduction in risk weights for housing

ICICI Bank reduces energy consumption by nearly 20% in 3 years

Nearly 10% of the Bank’s energy consumption today relies on the renewable solar energy On the occasion of World Environment Day, Ms. Chanda Kochhar, MD & CEO, ICICI Bank said, “We at ICICI Bank have always given utmost importance to environmental preservation in all our initiatives. Over the last few years, the Bank has focused largely

ICICI Bank announces winners of ‘ICICI Appathon 2017’

  The contest offered over 250 diverse APIs on the cloud for prototype development, the largest in any software development challenge in India It received an overwhelming response from 3,400 participants from across the globe More than 44% of entries from India were from non-metro cities Mumbai: ICICI Bank today announced the winners of ‘ICICI Appathon

ICICI Bank slashes home loan rates by upto 30 basis points

  Pares interest rates for affordable home loans upto Rs 30 lakh Offers among the lowest interest rates in the industry First bank to offer borrowers choice of home loans linked to I-MCLR-6 Months or I-MCLR-1 Year Loans available with floating as well as 2/3 year fixed interest rate Mumbai: ICICI Bank, India’s largest private sector bank by