Latest News, Updates & Breaking Headlines
Mumbai: ICICI Bank has launched a USD-denominated debit card in partnership with Visa, marking a shift in how Non-Resident Indians manage offshore wealth by eliminating currency conversion layers for dollar spending.The product allows NRIs to spend directly in USD without incurring the typical 3.5% currency markup fee and GST that applies when using Indian NRE…
Mumbai: ICICI Bank reported a net profit of Rs 13,701.7 crore for the quarter ended Mar 31, 2026, up 8.5% from Rs 12,629.6 crore in the year-ago period following an improvement in asset quality. The full-year net profit for FY26 rose 6.2% to Rs 50,146.6 crore from Rs 47,227.0 crore in FY25.Interest income for the…
Banker’s wife, alleged lover held in Alwar over plot to kill husband ALWAR: City police Thursday arrested Archana Arora, wife of ICICI Bank regional head Karnav Khatri, and her alleged lover Rishabh Sharma for allegedly conspiring to kill Khatri, officials said. The two were arrested by NEB police station and produced in court. Archana was…
Mumbai: ICICI Prudential Pension Funds Management Company has launched the country’s first Swasthya Pension Scheme under the regulatory sandbox of the Pension Fund Regulatory and Development Authority, seeking to help subscribers build a long-term retirement corpus while creating flexibility to meet medical expenses.Speaking at the launch, PFRDA chairman Sivasubramanian Ramann said that the critical feature…
MUMBAI: State Bank of India (SBI) on Wednesday went past Tata Consultancy Services (TCS) to become the fourth most-valued company in India. It’s also the most valued public sector entity. On Monday, SBI had gone past ICICI Bank‘s market capitalisation and now it’s within touching distance of Bharti Airtel‘s market cap.The recent surge in its…
Several banking and card-related changes will come into effect from February 2026, affecting everyday transactions, credit card benefits and compliance requirements for customers of State Bank of India, ICICI Bank, HDFC Bank and Punjab National Bank, according to ET.Among the key changes, SBI will revise service charges on certain IMPS transactions from February 15, 2026….
MUMBAI: ICICI Bank’s board choosing to seek a two-year term for CEO Sandeep Bakhshi instead of the usual three years has given rise to speculation that this may be his last term. However, the proposal has removed any overhang of uncertainty as his term extends until Oct 2028.Addressing media, the bank’s executive director Sandeep Batra…
Mumbai: An RBI-directed reclassification of the bank’s agri loan portfolio led to ICICI Bank reporting a 4% year-on-year decline in net profit to Rs 11,318 crore for the quarter ended Dec 2025. The bank’s board also reappointed Sandeep Bakhshi for a further two years starting Oct 2026, 19 months before he turns 70 – the…
MUMBAI: ICICI Bank reported a year-on-year decline of 4.02% in net profit to Rs 11,317.9 crore for the quarter ended Dec 31, 2025, weighed down by a sharp rise in provisions, even as core operating performance remained steady. Profit also fell 8.42% sequentially from Rs 12,358.9 crore in the previous quarter.Announcing the results, the bank’s…
The broader macro backdrop for Indian equities remains stable heading into 2026, supported by healthier corporate balance sheets and early signs of an earnings recovery across sectors, according to ICICI Prudential Alternate Investments. However, after a long market upcycle and widespread rerating, much of the optimism on growth and profits is already reflected in stock…
