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ICICI Bank Ltd (ICBK.NS)

ICBK.NS on National Stock Exchange of India

411.95INR
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Latest Key Developments (Source: Significant Developments)

ICICI Bank Says Has Non-Fund Based Outstanding 5.45 Bln Rupees To IL&FS Entities As At March 31
Monday, 6 May 2019 07:00am EDT 

May 6 (Reuters) - ICICI Bank Ltd ::HAS NON-FUND BASED OUTSTANDING 5.45 BILLION RUPEES TO ILFS ENTITIES, HOLDS PROVISION OF 4.68 BILLION RUPEES FOR THIS OUTSTANDING AS AT MARCH 31.HAS FUND-BASED OUTSTANDING TO IL&FS ENTITIES AMOUNTING TO 2.76 BILLION RUPEES AS NPA, HOLDS PROVISION OF 1.46 BILLION RUPEES AS PER RBI GUIDELINES.PROVISION COVERAGE RATIO ON NON-PERFORMING LOANS INCREASED BY 440 BPS SEQUENTIALLY TO 80.7% AT MARCH 31, 2019.GROSS ADDITIONS TO NPA WERE 35.47 BILLION RUPEES IN Q4 COMPARED TO 20.91 BILLION RUPEES IN Q3.GROSS NPA ADDITIONS IN Q4 INCLUDE AN ACCOUNT IN SUGAR SECTOR WHERE PAYMENT OBLIGATIONS ARE BEING MET, WHICH HAS BEEN CLASSIFIED AS NPA.  Full Article

ICICI Bank Exec Expects Credit Costs To Be More Normalized Next Financial Year
Monday, 6 May 2019 07:00am EDT 

May 6 (Reuters) - ICICI Bank EXEC SAYS::EXEC SAYS EXPECT CREDIT COSTS TO BE MORE NORMALIZED IN THE NEXT FINANCIAL YEAR.EXEC SAYS EXTREMELY COMFORTABLY WITH CAPITAL POSITION AS OF NOW.EXEC SAYS EXPECT TO ACHIEVE ROE OF 15 PERCENT BY JUNE 2020.  Full Article

India's ICICI Bank March-Qtr Net Profit Falls
Monday, 6 May 2019 06:59am EDT 

May 6 (Reuters) - ICICI Bank Ltd ::MARCH QUARTER NET PROFIT 9.69 BILLION RUPEES VERSUS NET PROFIT OF 10.20 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR MARCH QUARTER PROFIT WAS 21.29 BILLION RUPEES.MARCH QUARTER INTEREST EARNED 172.93 BILLION RUPEES VERSUS 142.64 BILLION RUPEES YEAR AGO.MARCH QUARTER PROVISIONS AND CONTINGENCIES 54.51 BILLION RUPEES VERSUS 66.26 BILLION RUPEES YEAR AGO.MARCH QUARTER GROSS NPA 6.70 PERCENT VERSUS 7.75 PERCENT PREVIOUS QUARTER.MARCH QUARTER NET NPA 2.06 PERCENT VERSUS 2.58 PERCENT PREVIOUS QUARTER.BOARD APPROVED FUND RAISING BY WAY OF ISSUANCE OF DEBT SECURITIES OF UPTO 250.00 BILLION RUPEES FROM DOMESTIC MARKETS.RECOMMENDED DIVIDEND OF 1 RUPEES PER SHARE.BOARD APPROVED FUND RAISING BY WAY OF ISSUANCE OF DEBT SECURITIES OF UPTO USD 3.00 BILLION FROM THE OFFSHORE MARKETS.MARCH QUARTER NIM 3.72 PERCENT.  Full Article

India's ED Attaches Properties Worth 102 Mln Rupees In Bank Fraud Case Committed By ICICI Bank Employee - Tweet
Friday, 29 Mar 2019 09:46am EDT 

March 29 (Reuters) - ICICI Bank Ltd ::INDIA'S ED ATTACHES UNDER PMLA PROPERTIES WORTH 102 MILLION RUPEES IN BANK FRAUD CASE COMMITTED BY ICICI BANK EMPLOYEE - TWEET.  Full Article

ICICI Bank To Consider Domestic Fund Raising By Issue Of Bonds
Wednesday, 5 Dec 2018 08:41am EST 

Dec 5 (Reuters) - ICICI Bank Ltd ::TO CONSIDER DOMESTIC FUND RAISING BY ISSUE OF BONDS.  Full Article

India Market Regulator Says ICICI Bank, Chanda Kochhar Filed Replies To Show Cause Notices
Wednesday, 19 Sep 2018 08:12am EDT 

Sept 19 (Reuters) - INDIA MARKET REGULATOR::ICICI BANK AND CHANDA KOCHHAR HAVE FILED REPLIES TO SHOW CAUSE NOTICES ISSUED BY SEBI.SEBI SAYS HAS NOT RECEIVED ANY SETTLEMENT APPLICATION FROM ICICI BANK OR FROM ANY OTHER ENTITY RELATED TO MATTER.  Full Article

BSE Says Co, PTC India, ICICI Bank Files Petition With CERC For License To Set Up Power Exchange
Monday, 10 Sep 2018 08:11am EDT 

Sept 10 (Reuters) - BSE::BSE - BSE, PTC INDIA, ICICI BANK FILES PETITION WITH POWER MARKET REGULATOR, CERC FOR GRANT OF LICENSE FOR SETTING UP A NEW POWER EXCHANGE.  Full Article

India's ICICI Bank Posts June-Qtr Loss
Friday, 27 Jul 2018 08:27am EDT 

July 27 (Reuters) - ICICI Bank Ltd ::JUNE QUARTER NET LOSS 1.20 BILLION RUPEES VERSUS NET PROFIT OF 20.49 BILLION RUPEES YEAR AGO.CONSENSUS FORECAST FOR JUNE QUARTER PROFIT WAS 14.62 BILLION RUPEES.JUNE QUARTER INTEREST EARNED 147.22 BILLION RUPEES VERSUS 134.59 BILLION RUPEES YEAR AGO.JUNE QUARTER PROVISIONS AND CONTINGENCIES 59.71 BILLION RUPEES VERSUS 26.09 BILLION RUPEES YEAR AGO.JUNE QUARTER GROSS NPA 8.81 PERCENT VERSUS 8.84 PERCENT PREVIOUS QUARTER.JUNE QUARTER NET NPA 4.19 PERCENT VERSUS 4.77 PERCENT PREVIOUS QUARTER.SAYS OVERALL NET INTEREST MARGIN OF 3.19 PERCENT IN Q1-2019.SAYS GROSS ADDITIONS TO NPA WERE 40.36 BILLION RUPEES IN Q1.  Full Article

ICICI Bank Says Has Not Received Any Communication From SFIO In Videocon Case
Wednesday, 4 Apr 2018 09:30am EDT 

April 4 (Reuters) - ICICI Bank ::ICICI BANK LTD CLARIFIES ON NEWS ITEM THAT SAID SFIO AWAITS MINISTRY NOD TO INVESTIGATE ICICI-VIDEOCON CASE.SAYS BANK HAS NOT RECEIVED ANY COMMUNICATION FROM SFIO IN THE MATTER.  Full Article

India's Enforcement Directorate Starts Probe In ICICI Bank-Videocon Matter - CNBC TV-18, Citing Sources
Tuesday, 3 Apr 2018 08:30am EDT 

April 3 (Reuters) - :INDIA'S ENFORCEMENT DIRECTORATE STARTS PROBE IN ICICI BANK-VIDEOCON MATTER - CNBC TV-18, CITING SOURCES.ED LOOKING AT POSSIBLE FEMA VIOLATIONS IN TRANSACTIONS BETWEEN NUPOWER AND VIDEOCON - CNBC TV-18, CITING SOURCES.INDIA'S ENFORCEMENT DIRECTORATE WILL SEEK DOCUMENTS FROM NUPOWER ON TRANSACTIONS WITH VIDEOCON - CNBC TV-18, CITING SOURCES.  Full Article

UPDATE 2-India's ICICI Bank misses forecasts with quarterly profit fall

BENGALURU, May 6 ICICI Bank reported a 5 percent drop in fourth-quarter profit on Monday, missing estimates after being hit by a rise in expenses and a higher accumulation of bad loans.