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Bharti Airtel, TCS, ICICI Bank, 2 other blue-chip firms gain Rs 1.1 lakh crore in mcap in a week

Bharti Airtel, TCS, ICICI Bank, 2 other blue-chip firms gain Rs 1.1 lakh crore in mcap in a week

Sun, Dec 15, 2024

Five of the 10 most valued firms added Rs 1,13,117.17 crore to their total market valuation last week with Bharti Airtel stealing the show.

ICICI Bank Under GST Scrutiny: Maharashtra GST conducted operations in several branches

ICICI Bank Under GST Scrutiny: Maharashtra GST conducted operations in several branches

Thu, Dec 05, 2024

According to a statement issued by the bank, the proceedings are currently underway, and ICICI Bank is fully cooperating with the authorities, providing requested data.

General public FD rates: Know what SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing to general citizens on fixed deposits

General public FD rates: Know what SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing to general citizens on fixed deposits

Tue, Nov 19, 2024

The FD interest rates vary from bank to bank. Generally, general citizens receive less interest than senior citizens on FDs.

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While currency in circulation improved, ATMs still run dry

While currency in circulation improved, ATMs still run dry

Tue, Apr 11, 2017

The survey stated, RBI's move in lifting up withdrawal limit on March 13, 2017, could have attributed to the happenings.

RBI to soon allow banks to invest in REITs, InvITs; to issue detail guidelines by end of May

RBI to soon allow banks to invest in REITs, InvITs; to issue detail guidelines by end of May

Fri, Apr 07, 2017

The Reserve Bank of India (RBI) will soon allow banks to invest in REITs and InvITs which will boost the country's real estate sector.

NBHC appoints ex-ICICI manager Juneja as CEO

NBHC appoints ex-ICICI manager Juneja as CEO

Fri, Mar 31, 2017

Ex-ICICI Senior General Manager, Maninder Singh Juneja was appointed by National Bulk Handling Corporation (NBHC) on Friday as Managing Director and CEO.

ICICI Bank partners with Truecaller to launch payment service app 'Truecaller Pay'

ICICI Bank partners with Truecaller to launch payment service app 'Truecaller Pay'

Tue, Mar 28, 2017

ICICI Bank in partnership with Truecaller has launched 'Truecaller Pay' app in New Delhi on Tuesday.

ICICI Bank launches 'Mera iMobile' app for rural customers; here's how it works

ICICI Bank launches 'Mera iMobile' app for rural customers; here's how it works

Mon, Mar 20, 2017

Chanda Kochhar, Managing Director & CEO of ICICI Bank said, “ With the new ‘Mera iMobile’, we will offer our rural and semi-urban customers a unique and unparalleled experience in their interactions with the bank. "

ICICI Bank, SBI, StanChart top bank frauds list: RBI

ICICI Bank, SBI, StanChart top bank frauds list: RBI

Sun, Mar 12, 2017

The data provided by RBI to the Finance Ministry also revealed the involvement of bank staffs in fraud cases.

Inquiry into GST's IT infra firm for alleged tax evasion still on: CBEC

Inquiry into GST's IT infra firm for alleged tax evasion still on: CBEC

Sun, Mar 12, 2017

GSTN was set up in March 2013 as a non-profit, non-government company and is 51% owned by banks and financial institutions.

Only 70% citizens feel charges on cash transaction are a bad decision: Survey

Only 70% citizens feel charges on cash transaction are a bad decision: Survey

Tue, Mar 07, 2017

The survey said, “Consumers are of the opinion that instead of reducing the cost of digital transactions, private banks are trying to show the stick to the customer and forcing them to go digital. Consumers are very concerned with the cost of digital transactions and many of them have reported that merchants are still charging 2% additional for debit, credit or wallet transactions.”

Reconsider penalty for not keeping minimum balance: Govt to SBI

Reconsider penalty for not keeping minimum balance: Govt to SBI

Tue, Mar 07, 2017

SBI has also imposed restrictions on withdrawals of cash from its branches as well as ATMs.

Samsung launches Samsung Pay platform in India; here's how it works

Samsung launches Samsung Pay platform in India; here's how it works

Mon, Mar 06, 2017

Some of the Samsung devices on which Samsung Pay is supported includes Galaxy S7 edge, Galaxy S7, Note 5, S6 edge plus, A5 (2016) and A7 (2016) and all other new models of Samsung to follow.

Charge on cash deposit: Why blame the banks when RBI approved move

Charge on cash deposit: Why blame the banks when RBI approved move

Mon, Mar 06, 2017

One of the reasons could be the rise in cash withdrawals since January 2017. RBI data show that people have already started withdrawing cash from their bank accounts in large numbers which has led to slowdown in digital transactions.

Traders term banks' cash transaction fee as "financial terrorism"

Traders term banks' cash transaction fee as "financial terrorism"

Fri, Mar 03, 2017

Axis Bank said that five transactions or Rs 10 lakh, whichever is earlier, for cash deposits or withdrawals are free.

To discourage cash transactions, HDFC Bank & others begin minimum levy of Rs 150 on cash deposits & withdrawals

To discourage cash transactions, HDFC Bank & others begin minimum levy of Rs 150 on cash deposits & withdrawals

Thu, Mar 02, 2017

To discourage cash transactions and boost the digital payments, banks like HDFC Bank and others have started charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

GDP numbers: How did cash-dominated sectors perform so well despite demonetisation?

GDP numbers: How did cash-dominated sectors perform so well despite demonetisation?

Thu, Mar 02, 2017

What is hard to believe in the given GDP numbers was the performance of cash-dominated sectors where analysts expected a significant slowdown post demonetisation, but has seen uptick compared to Q2FY17.

Banks look to charge withdrawals as cash crunch eases

Banks look to charge withdrawals as cash crunch eases

Thu, Mar 02, 2017

Prime Minister Narendra Modi-led Government is foucssed on making India a less-cash society. In this bid, the government has taken many initiatives to promote digital currency and dissuade citizens from using cash. The latest step in this direction is banks charging customers for withdrawing their own cash.

Sensex crosses 29,000-mark, Tata Motors rise3%

Sensex crosses 29,000-mark, Tata Motors rise3%

Thu, Mar 02, 2017

Analysts at HDFC Securities said, "The markets are likely to open positive today, driven by positive domestic and global cues, following US President Donald Trump's Joint Congress address. Realty and Metal is expected to trade in positive zone, while Auto and Energy sectors are likely to trade in the negative zone."

10 lakh bankers go on strike today; will your salary credit be affected?

10 lakh bankers go on strike today; will your salary credit be affected?

Tue, Feb 28, 2017

About 10 lakh bankers have observed one-day strike across India on Tuesday to protest against the government's "anti-people banking reforms" and to press their demands to the government for compensation for the extra work done during the demonetisation period.

Bank strike likely on Feb 28, may dent services

Bank strike likely on Feb 28, may dent services

Sun, Feb 26, 2017

Most of the banks, including SBI, PNB and BoB, have already informed their customers that functioning of branches and offices will be impacted if the strike takes off.

Demonetisation impact: ICICI Bank, Axis Bank's NPLs to rise further, Moody's says

Demonetisation impact: ICICI Bank, Axis Bank's NPLs to rise further, Moody's says

Thu, Feb 23, 2017

The report mentioned that both the banks have seen significant additions to their non-performing loans (NPLs) from outside of their already announced watchlist accounts.

Nifty closes over 8,900-mark; Bharti Airtel top loser on BSE

Nifty closes over 8,900-mark; Bharti Airtel top loser on BSE

Tue, Feb 21, 2017

Axis Bank was the top gainer on both BSE Sensex and NSE Nifty after media reports said HDFC Bank, ICICI Bank and IndusInd Bank have approached the Government of India to acquire the Mumbai-based bank.

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