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ICBK.BO on Bombay Stock Exchange

15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

ICICI Lombard General Insurance files for IPO
Friday, 14 Jul 2017 09:24am EDT 

July 14 (Reuters) - ICICI Lombard General Insurance Company Limited ::ICICI Lombard General Insurance Company Limited files for IPO.Says IPO to comprise of an offer for sale of up to 31.8 million shares by ICICI Bank Limited.Says IPO to also include sale of up to 54.5 million shares by FAL Corporation.Has received an ‘in-principle’ approval from BSE and NSE for listing of the equity shares.CLSA India, Edelweiss Financial Services, JM Financial Institutional Securities are book running lead managers to IPO.Bank Of America Merrill Lynch, ICICI Securities, IIFL Holdings are global coordinators and bookrunning lead managers.  Full Article

ICICI Bank says joint venture agreement entered with Fairfax Financial Holdings has been terminated
Monday, 3 Jul 2017 11:26pm EDT 

July 4 (Reuters) - Icici Bank Ltd ::Joint venture agreement entered inter alia among Fairfax Financial Holdings Limited and ICICI Bank Limited has been terminated.  Full Article

ICICI Bank approves sale of part of stake in ICICI Lombard General Insurance in an IPO
Monday, 5 Jun 2017 05:54am EDT 

June 5 (Reuters) - ICICI Bank Ltd ::Says approved sale of a part of its shareholding in ICICI Lombard General Insurance Company Limited.Says to sell part of its shareholding in ICICI Lombard General Insurance in an IPO by company.  Full Article

ICICI Bank seeks members' nod for issue of bonus shares
Tuesday, 9 May 2017 04:15am EDT 

May 9 (Reuters) - ICICI Bank Ltd :Seeks members' nod for issue of bonus shares.Seeks members' nod for increase in authorised share capital to 25 billion rupees.  Full Article

India's ICICI Bank: sees 2017/18 bad loan additions to be "significantly lower"
Wednesday, 3 May 2017 09:42am EDT 

May 3 (Reuters) - ICICI Bank :CEO says "drilled down" list of potential troubled loans currently at 190.39 billion rupees.CEO says expects bad loan additions to be significantly lower this financial year.CEO says hardly sold any bad loans to arcs in March quarter.  Full Article

ICICI Bank March-qtr profit rises about three-fold
Wednesday, 3 May 2017 09:08am EDT 

May 3 (Reuters) - ICICI Bank Ltd :March quarter net profit 20.25 billion rupees versus net profit of 7.02 billion rupees year ago.ICICI Bank Ltd consensus forecast for March quarter profit was 22.04 billion rupees.March quarter interest earned 135.69 billion rupees versus 134.82 billion rupees year ago.March quarter provisions 28.98 billion rupees versus 33.26 billion rupees year ago.Says recommended dividend of INR 2.50/share.March quarter gross NPA 7.89 percent versus 7.20 percent previous quarter.March quarter net NPA 4.89 percent versus 3.96 percent previous quarter.Says recommended dividend of INR 100/preference share.Says recommended issue of bonus shares in ratio of 1:10.  Full Article

ICICI Bank says media reports on co buying 1.09 pct stake in Karnataka Bank "erroneous"
Wednesday, 12 Apr 2017 12:36am EDT 

ICICI Bank Ltd : "Some erroneous media reports have appeared that ICICI Bank has acquired 1.09% stake in Karnataka Bank" .Almost all of the shares are held by bank on behalf of its equity broker clients as security for exchange clearing and settlement business.  Full Article

ICICI Bank partners with Truecaller to launch UPI based mobile payment service
Tuesday, 28 Mar 2017 03:52am EDT 

ICICI Bank Ltd :ICICI Bank partners with Truecaller to launch a UPI based mobile payment service.  Full Article

ICICI Bank Dec-qtr profit down about 19 pct
Tuesday, 31 Jan 2017 05:30am EST 

ICICI Bank Ltd : Dec quarter net profit 24.42 billion rupees . Dec quarter gross NPA 7.91 percent versus 6.82 percent previous quarter . Dec quarter net NPA 4.35 percent versus 3.57 percent previous quarter . Consensus forecast for Dec quarter profit was 21.7 billion rupees . Dec quarter interest earned 136.18 billion rupees versus 133.46 billion rupees year ago . Dec quarter provisions 27.13 billion rupees versus 28.44 billion rupees year ago . Says there has been a significant increase in volume and value of debit card and credit card transactions in november and december 2016 .The profit, gross NPA and net NPA alerts were first sourced from TV and were later confirmed from a company press release at the National Stock Exchange.  Full Article

NPCI advises ICICI Bank to open UPI transactions immediately
Thursday, 19 Jan 2017 06:47am EST 

National Payments Corp of India: NPCI's statement pertaining to ICICI Bank blocking PhonePe's UPI transactions . National Payments Corp of India - ICICI Bank has been advised to open UPI transactions immediately. .NPCI - advised banks to adhere to merchant on-boarding guidelines meticulously from angle of interoperability of merchant app so that disputes are avoided..  Full Article