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Tue, Oct 18 2016

BRIEF-Infosys Ltd says Infosys Finacle partners with Emirates NBD, ICICI Bank

* Says Infosys Finacle partners with Emirates NBD and ICICI Bank to launch first blockchain pilot network Source text: http://bit.ly/2dkaE4m Further company coverage: (Bengaluru newsroom)

BRIEF-ICICI Bank appoints Anup Bagchi as executive director

* Approved the appointment of Anup Bagchi as executive director of the bank Source text: http://bit.ly/2dbLqFf Further company coverage: (Bengaluru newsroom)

Dubai's Emirates NBD joins India's ICICI on blockchain project

DUBAI, Oct 12 Dubai's largest bank, Emirates NBD , is working with India's ICICI on a pilot project to use blockchain technology for global remittances and trade finance, in what they say is a first for banks from the Middle East and India.

BRIEF-India's ICICI Bank cuts MCLR-based lending rate by 5 bps

Oct 4 ICICI Bank * Reduces MCLR by 5 bps * Says MCLR-based lending rate reduced effective Oct 1 SOURCE TEXT: ICICI Bank announced a reduction of 0.05 percent in ICICI Bank MCLR benchmarks effective from October 1, 2016. I-MCLR benchmarks effective from Oct. 1, 2016 are provided below: Benchmark Benchmark Benchmark tenure name rate p.a. Overnight I-MCLR-ON 8.85% One month I-MCLR-1M 8.85% Three months I-MCLR-3M

India cenbank retains 'too big to fail' status for SBI, ICICI Bank

MUMBAI, Aug 25 India's central bank on Thursday retained State Bank of India and ICICI Bank, the nation's top two lenders by assets, as "domestic systemically important banks", or the equivalent as "too big to fail" for a second consecutive year.

Indian shares end slightly lower; ICICI Bank falls

Aug 2 Indian shares ended slightly lower on Tuesday as investors saw recent strong gains as overdone, though sentiment was broadly supported by hopes parliament will soon pass a revamped goods and services tax.

UPDATE 1-India's ICICI Bank profit falls as bad loan provisions surge

* Bad loans surge on central bank clean-up order (Adds details, CEO comment)

India's ICICI Bank Q1 profit falls 25 pct, bad loans tick up

MUMBAI, July 29 ICICI Bank Ltd, India's top private sector lender by assets, said quarterly profit fell 25 percent as its bad loans ticked up, although the decline was smaller than expected.

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.

UPDATE 2-India ICICI Bank's dim view of bad loans drives quarterly profit to decade low

* Sees potential trouble in five sectors (Adds management comment)

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