ICICI bank, which is India’s largest private lending firm, has registered a net profit of Rs.1,040 crore for the second quarter of the 2009-10 fiscal which ended on Sep 30, which is just 2.6% up from the net profit posted during the corresponding period last fiscal.
 
The total income ...

ICICI Bank and HDFC Bank have slashed the interest rates on home and auto loans by 50 basis points. The reduction in rates on home and auto loans will apply to new as well as existing customers.

Other big lending houses are slowly following suit to attract people into taking loans. A cut by 25 ...

With an aim to provide mobile banking services to the subscribers, Tata Teleservices Ltd (TTSL) has tied up with ICICI Bank. While informing about the new services, TTSL said that customers will be able to access banking services on their handset by registering with the ICICI's mobile banking. The ...

Immediately after the announcement of RBI's cut of key rates, India's largest private sector lender ICICI Bank reduced its interest rates. The Reserve Bank of India (RBI) lowered the repo rate and reverse by 25 basis point each. The repo rate or the short-term lending rate has been brought down to ...

Two senior ICICI Bank Group Officials, Shikha Sharma, the Managing Director & CEO of ICICI Prudential Life Insurance Company and Renuka Ramnath, the Managing Director & CEO of ICICI Venture, are set move on from the group, banking sources said. However, there was no official confirmation ...

The second largest private sector lender of India, ICICI Bank has announced the reduction of interest rates in its new home loans by 25-50 basis points. As per a statement of bank, home loans up to Rs 20 lakhs will have interest rate of 9.75 percent as against the earlier 10 percent. Similarly, the ...

Board of Directors of ICICI Bank has decided to appoint Mr. K. V. Kamath, presently Managing Director & CEO, as non-executive Chairman of the Board for a period of five years effective May 1, 2009 replacing Mr. N. Vaghul who will retire on April 30. Mr. Kamath’s current term as MD & ...

ICICI Prudential Life has launched its ambitious Sarv Jana Suraksha life insurance scheme which focuses towards lower income group people. Under the scheme of Sarv Jana Suraksha the policy maturity time would be five years. The policy offers age-independent premium to subscribers who are in the age ...

Bankruptcy of Lehman Brother will cost Rs 375 cr for ICICI as its UK subsidiary has invested 57 m euro in the bonds of Lehman Brothers. However, according to JMD of the ICICI Bank Chanda Kochhar, Lehman Brothers has already provided $12 million against the investment in these bonds. The bank had ...

The ICICI Lombard, in collaboration with insurance and broking company Alegion will expand its Nirmaya scheme. Nirmaya scheme launched by the National Trust aims for the welfare of persons who have mental diseases like autism, cerebral palsy, mental retardation and multiple disabilities. According ...

ICICI Bank and TVS Motors have won prestigious Symantec award for their secure and better management of systems and information. Both the companies have been selected for the 2008 Symantec visionary award. The visionary award recognizes IT thought leaders for their innovative use of Symantec's ...

The ICICI Bank on Monday, July 7, announced that it has introduced a new service designed to facilitate financial transactions. A pure online account has been launched by the ICICI Bank, where deposits above Rs 5000 will get automatically converted into a term deposit scheme that will given an ...