Ms. Chanda Kochhar Archive

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 has maintained stability in monetary policy with a focus on the medium-term inflation targets being sustainably achieved, while continuing to be supportive of growth. The policy has maintained an accommodative stance while taking into account global developments and domestic economic conditions. With respect to demonetisation, the assessment that this will have only a

Ms. Chanda Kochhar, MD  & CEO, ICICI Bank announces 10 customer friendly measures for the new currency regime

ICICI Bank’s branch timings will be extended by two hours on November 10 and 11, 2016. Branches in prominent locations shall be open from 08:00 AM to 08:00 PM on November 10 and 11, 2016. All our branches will be open on Saturday, November 12, 2016 and Sunday, November 13, 2016 as well. If required

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

“The decision to keep the policy rate unchanged is in line with market expectations. The articulation of a continued accommodative policy stance is welcome. As stated in its April policy, the RBI has ensured adequate liquidity and brought the liquidity balance closer to neutrality, which is indeed commendable. The favourable monsoons and the momentum in

ICICI Academy for Skills inaugurates its first centre in Mumbai

ICICI Foundation will provide vocational training to over 1 lakh youth by FY17 ICICI Academy launches ‘GiftALivelihood’, a nationwide referral programme Mumbai: ICICI Academy for Skills (ICICI Academy), an arm of ICICI Foundation for Inclusive Growth, today launched its first centre in Mumbai to provide vocational training to the youth from economically weaker sections to

ICICI Bank launches ‘Smart Vault’, a fully automated locker

First-of-its-kind locker facility by a bank in India with state-of-the-art robotic technology 24 x 7 access to customers with high end security including biometric authentication   New Delhi: ICICI Bank, India’s largest private sector bank, today launched the ‘Smart Vault’, a fully automated state-of-the-art locker available 24×7, including weekends and post banking hours. The ‘Smart Vault’

Comments of Ms Chanda Kochhar, MD and CEO, ICICI Bank on RBI credit policy (August 4, 2015)

The monetary policy announcement is in line with expectations. The Reserve Bank of India has noted encouraging trends in growth, indicative of a strengthening recovery. At the same time, it has opted to monitor inflation trends for some more time before taking any further steps to ease monetary policy. I expect to see easing of

ICICI Bank introduces voice recognition for biometric authentication

First bank in India to offer this service To benefit all savings account and credit card customers   Mumbai: ICICI Bank, India’s largest private sector bank, announced the launch of voice recognition service which authenticates customers based on their speech patterns and allows them to execute banking transactions through the Bank’s call centre in a

Comments of Ms. Chanda Kochhar, MD & CEO, ICICI Bank on RBI credit policy (December 2, 2014)

The policy signals RBI’s resolve to firmly contain inflation and inflationary expectations, while responding to positive developments in inflation and fiscal consolidation. The statement that a change in monetary policy stance is likely early next year if the current positive trends continue is very welcome. The economy has already received a tremendous boost in terms

ICICI Bank partners with Ministry of Road Transport & Highways to launch Electronic Toll Collection on Mumbai – Delhi National Highway

First Bank to launch an inter-operable Electronic Toll Collection pilot programme in the country in April 2013 26 toll plazas to collect toll electronically between Mumbai- Delhi New Delhi:ICICI Bank Ltd, India’s largest private sector bank, partners with the Ministry of Road Transport & Highways, National Highway Authority of India (NHAI) and Indian Highways Management