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ICBK.BO on Bombay Stock Exchange

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Latest Key Developments (Source: Significant Developments)

India cenbank identifies SBI, ICICI Bank as domestic key banks in 2016
Thursday, 25 Aug 2016 07:02am EDT 

Reserve Bank of India: RBI identifies SBI and ICICI Bank as D-SIBs in 2016 . Retained SBI and ICICI Bank's bucketing structure as it was last year . Framework also requires D-SIBs to be placed in four buckets depending upon their systemic importance scores . Additional CET1 requirement for the 2 banks has already been phased-in from April 1, 2016 and would become fully effective from April 1, 2019 . Additional CET1 requirement will be in addition to the capital conservation buffer. .  Full Article

ICICI Bank and Apollo to collaborate in asset resolution
Monday, 1 Aug 2016 06:30am EDT 

ICICI Bank Ltd : ICICI Bank and Apollo to collaborate in asset resolution . ICICI bank-co, Apollo India credit opportunity management, Aion capital management entered into MoU for working together for debt resolution in India . MoU envisages establishment of asset reconstruction co, and acquisition of debt exposures from lenders as well as equity stakes in companies . Objective of partnership to streamline operations of borrowers, facilitate deleveraging and arrange additional funding on a case-by-case basis . Initiative will seek to revitalize distressed assets and maximize economic value .  Full Article

ICICI Bank exec says co has watchlist loans of 387.23 bln rupees
Friday, 29 Jul 2016 08:00am EDT 

ICICI Bank Ltd : Exec says have set up a credit monitoring group . Exec says has watchlist loans of 387.23 billion rupees . Exec says added 82.49 billion rupees to bad loans in June quarter . Exec says June quarter NIM was 3.16 percent versus 3.37 percent in Q4 . Further company coverage [ICBK.NS] ((Bengaluru Newsroom; +91 80 6749 1130)).  Full Article

ICICI Bank June-qtr profit down about 25 pct
Friday, 29 Jul 2016 07:11am EDT 

ICICI Bank Ltd : June-quarter net profit 22.32 billion rupees . June-quarter gross NPA 5.87 percent . Consensus forecast for June-quarter net profit was 21.99 billion rupees . June-quarter interest earned 133.30 billion rupees;provisions 25.15 billion rupees . June-quarter net NPA 3.35 percent versus 2.98 percent previous quarter . The profit alert and the gross NPA alert was first sourced from TV and was later confirmed from a press release at the NSE .  Full Article

ICICI Bank seeks members' nod to borrow via issue of NCDs for up to 250 bln rupees
Tuesday, 5 Jul 2016 03:41am EDT 

ICICI Bank Ltd : Seeks members' nod to borrow via issue of NCDs, including but not limited to bonds and non-convertible debentures, for up to 250 billion rupees .  Full Article

Gokaldas Exports says ICICI Bank cuts stake in co by 2.2 pct
Thursday, 23 Jun 2016 03:36am EDT 

Gokaldas Exports Ltd : Icici bank cuts stake in co by 2.22 percent to 7.68 percent between June 14, 2016 to June 21, 2016 .  Full Article

ICICI Bank Ltd's board sale of 6.0 pct. shareholding in ICICI Prudential Life Insurance Company
Monday, 16 Nov 2015 07:41am EST 

ICICI Bank Ltd:Says board has approved sale of 6.0 pct. out of ICICI Bank Ltd's shareholding in ICICI Prudential Life Insurance Company Ltd, comprising the sale of 4.0 pct. to Premji Invest & its affiliates and 2.0 pct. to Compassvale Investments Pte Ltd.Compassvale Investments Pte Ltd is an indirectly wholly-owned subsidiary of the Singapore-based investment company, Temasek.Says proposed transaction values the company at 325 bln Indian rupees.Says upon completion of transaction, ICICI Bank will hold about 68 pct. share of the company.Says Prudential Plc, ICICI Bank's joint venture partner, will maintain its current share of about 26 pct.  Full Article

ICICI Bank Ltd appoints non-executive Chairman
Tuesday, 9 Jun 2015 06:10am EDT 

ICICI Bank Ltd:Approves appointment of M. K. Sharma as non-executive Chairman of Board for a period of five years, in place of K. V. Kamath who would shortly step down from the Board consequent to his nomination as first President of the New Development Bank being established by BRICS nations.Appointment is subject to the prior approval of Reserve Bank of India (RBI), other regulatory approvals and would be effective July 01 or the date of receipt of RBI approval, whichever is later.  Full Article

ICICI Bank Ltd allots equity shares
Monday, 4 May 2015 06:24am EDT 

ICICI Bank Ltd:Allotted 1,676,400 shares of face value of 2 Indian Rupees each on April 30.  Full Article

ICICI Bank Ltd recommends dividend
Monday, 27 Apr 2015 04:55am EDT 

ICICI Bank Ltd:Recommends dividend of 5 Indian Rupees per equity share for the year ended March 31.Board of Directors has also recommends dividend of 100 Indian Rupees per preference share on 350 preference shares of the face value of 10 mln each for the year ended March 31.  Full Article

UPDATE 2-India's ICICI Bank sees stressed corporate lending falling

* Sees significant reduction to loans to stressed cos in 6-9 mths (Adds CEO comment, further details)