Tue, Mar 30, 2021
An improvement in velocity of ICICI Bank's operating profit growth & steady credit cost will bring down volatility in earnings, which has been a key reason for 55% discount in valuation vs. HDFC Bank.
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Tue, Mar 09, 2021
ICICI Bank delivered strong Q3 FY21 results with a big core PPOP beat (+17.7% YoY), just 1.1% slippage and less than 0.4% in restructuring, leading to almost normalised profitability in Q3 FY21 itself (14% ROE). The retail slippage spike (2x vs FY20) for ICICI Bank was better than expected and corporate slippage of 1% of loans was a big positive surprise, and highlights its improvement in underwriting over the past 3-4 years. ICICI Bank share price today is Rs 616, up Rs 8 or 1.3%.
Wed, Mar 03, 2021
Yes Bank margin expansion, higher non-interest income and lower opex led to a sharp, 1008 bps, sequential decrease in Cost to income ratio, which improved to 39.2%. With the standstill on NPA recognition, asset quality improved.
Sat, Feb 01, 2020
Budget 2020: The government on Saturday increased the limit of insurance cover in case of bank failure on deposits to Rs 5 lakh. The announcement was made by the finance minister in her Budget 2020 speech.
Fri, Jan 31, 2020
Economic Survey 2020: The economic survey tabled by Finance Minister Nirmala Sitharaman in Parliament on Friday afternoon asked the public sector banks to improve governance and build trust with the customers.
Bank Strike Today: The Indian Banks' Association (IBA) has regretted the inconvenience caused by the bank strike called by the various bank unions from today.
Thu, Jan 30, 2020
ICICI Bank has launched what it has termed as a 'unique self-service delivery facility' called iBox at over 50 branches in 17 cities in the country.
Tue, Jan 28, 2020
SBI Net Banking: Over the last few years, Aadhaar card has become one of the most important pieces of documents in India, needed to complete several important tasks for individuals.
Thu, Jan 23, 2020
Now, you will have the images of classical Indian musicians like Pandit Hariprasad Chaurasia and R Prasanna on your debit cards. In one of its kind initiative, Kotak Mahindra Bank has launched special edition of music debit cards featuring images of renowned classical Indian musicians across genres.
Mon, Jan 20, 2020
Noida-based Neha Chandra had a shock of her life when, on a New Year vacation to Paris, got her wallet stolen in the Metro and within 15-20 minutes, hackers stole over Rs 1.5 lakh from her debit and credit cards without any OTP or PIN.
The State Bank of India allows its customers to activate their ATM card online via onlineSBI.com. Here is how to complete the process
Fri, Jan 17, 2020
If you are using HDFC Bank customer credit cards or net banking services and have important transactions to make, complete them today itself! HDFC Bank has informed that some of its services will not work on January 18 i.e. Saturday.
Tue, Jan 14, 2020
In some very bad news for bank account holders, RBI has ordered that no more than Rs 35,000 of the total balance can be withdrawn henceforth. Yes, the customers of Sri Gururaghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka will not be able to withdraw more than Rs 35,000 from their savings bank or current account or any other deposit account!
Mon, Jan 06, 2020
Those people who may have some business to transact over the next few days should know that banks will be closed on January 8, Wednesday. This is not a regular bank holiday. However, banking services may get hit as bank unions have announced they will be joining an pan-India strike.
Tue, Dec 31, 2019
The State Bank of India (SBI) customers will face a tough time going forward, if they are yet to update their old SBI debit cards. SBI had asked its customers to replace SBI magstripe debit card with EMV chip-based ATM debit card as soon as possible.
Thu, Dec 26, 2019
Bank ATM users these days need to be extra cautious while withdrawing money as a new scam has come to light. In a worrying trend, scammers are now not just working on their own, they are reportedly working in pairs to rob bank ATM users of their money.
Wed, Dec 04, 2019
ICICI Bank account holders will have to pay more for transactions from December 15, 2019. ICICI Bank has stated on its website that it is set to hike deposit and withdrawal charges on all savings accounts transactions.
Tue, Dec 03, 2019
HDFC Bank mobile app and website are down for the second day in a row and many customers have taken to the social media platforms to complain about the same.
Sun, Oct 20, 2019
With the emergence of several e-commerce platforms, shopping has become easier than ever. You can order stuff from your couch and it will be delieved within days. However, there is a dark side to online shopping as well.
Sun, Oct 06, 2019
Know your customer or KYC has become an important part of the banking system. SBI has mentioned the list of documents that are required to be submitted for completing the know your customer (KYC) norms on its official website - onlinesbi.com.
Tue, Sep 17, 2019
Bank strike in September 2019: A bank holiday can mean a lot of trouble for account holders. Customers are left with no other option but for the bank to open to complete their transactions. So, imagine the kind of inconvenience a two-day bank strike could cause.
Thu, Aug 22, 2019
In another bid to promote digital transactions in the country, the Reserve Bank of India (RBI) has extended the customer transactions timing for Real Time Gross Settlement (RTGS) system by an hour.
Thu, Dec 13, 2018
The loan taker would virtually drown in debt! Paying monthly EMIs to the bank for the borrowed money will become so costly it will just spin a sorry tale of distress and may even impact daily expenses.
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