ICICI Bank Ltd (ICBK.BO) Key Developments | Reuters.com
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ICICI Bank Ltd (ICBK.BO)

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Latest Key Developments (Source: Significant Developments)

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

ICICI Bank Ltd's Vasai bank manager held for 100 mln Indian Rupees fraud - Times of India
Saturday, 7 Mar 2015 01:20pm EST 

ICICI Bank Ltd:The manager of ICICI Bank's Vasai branch has been arrested in a cheating and forgery case involving over 100 mln Indian Rupees - Times of India.The Police said he used a cash-credit facility to siphon off the funds and could be part of a larger conspiracy.Amit Anand was taken into custody by the city economic offences wing (EOW) on March 5 after Anand Ganediwal, cluster branch manager, ICICI Bank, lodged an FIR with the Azad Maidan police.The case was later transferred to the EOW.Anand was remanded to police custody till March 11.The police claimed Anand approved fraudulent transactions like creating a loan account against fixed deposit, transfer of money from that account to beneficiaries, premature closure of FD and transfer of funds to beneficiaries on the basis of forged documents.He also instructed his subordinate officers to do the same, facilitating the fraud.  Full Article

ICICI Bank Ltd allots equity shares
Tuesday, 13 Jan 2015 05:05am EST 

ICICI Bank Ltd:Allotted 422,975 equity shares of face value of 2 Indian Rupees each on Jan. 12.  Full Article

ICICI Bank Ltd approves sale of ICICI Bank Eurasia
Friday, 5 Dec 2014 05:36am EST 

ICICI Bank Ltd:Approved a proposal for the sale of ICICI Bank’s shareholding in ICICI Bank Eurasia Ltd Liability Company (IBEL), a non-material wholly-owned banking subsidiary in Russia, to Sovcombank, an unrelated third party Russian bank.The transaction is expected to conclude by the end of the financial year.  Full Article

ICICI Bank announces $500 million International bond offering
Friday, 12 Sep 2014 02:30am EDT 

ICICI Bank Ltd:Says ICICI bank acting through its Dubai branch, priced an issuance of 5.5 year fixed rate notes of an aggregate principal amount of $500 million.Says it was offered at issue price of 99.653.  Full Article

ICICI Bank Ltd allotts equity shares
Monday, 14 Jul 2014 05:13am EDT 

ICICI Bank Ltd:Allotted 193,900 equity shares of face value of 10 Indian Rupees each July 11.  Full Article

Indian shares end higher led by financials

May 12 Indian shares closed higher on Thursday, led by lenders such as ICICI Bank, after the country's upper house of parliament passed a new bankruptcy code to address corporate debts and improve the ease of doing business.