ICICI Bank Ltd (ICBK.BO)
* About 60 percent of about 70 billion rupees adds to bad loans in Q4 was due to RBI directed review
MUMBAI, April 29 ICICI Bank Ltd, India's biggest private sector lender by assets, reported a 76 percent fall in fourth-quarter net profit, lagging estimates, as it was weighed down by a surge in bad loans.
** ICICI Bank gains as much as 1.4 pct in an otherwise weak Mumbai market
** ICICI Bank shares fall 6.09 pct; heads towards biggest single-day percentage loss since Aug 24, 2015 market sell-off
MUMBAI ICICI Bank Ltd , India's biggest private sector lender by assets, saw its bad loans surge in the December quarter on a central bank order to reclassify some troubled loan accounts, and predicted sour assets will rise further this quarter.
* Bad loans surge in Q3 on cenbank's asset classification order
MUMBAI, Jan 28 ICICI Bank Ltd, India's biggest private sector lender by assets, reported a surge in bad loans for the December quarter partly due to a central bank direction to reclassify some troubled loan accounts as bad loans.
MUMBAI, Nov 17 Standard Chartered Plc on Tuesday named Zarin Daruwala, a senior banker at India's top private sector lender ICICI Bank, as the new chief executive for its India operations.
* Says names Zarin Daruwala India CEO Source text for Eikon: Standard Chartered announced the appointment of Zarin Daruwala as CEO of Standard Chartered Bank, India, following the appointment of Sunil Kaushal as Regional CEO for Africa and the Middle East. Zarin is currently President of the Wholesale Banking Group at ICICI Bank, and brings outstanding experience from her 25 years in the industry, having led teams in corporate banking, project finance, structured finance, financial institutions
MUMBAI ICICI Bank, India's biggest private sector lender by assets, will sell a 6 percent stake in its life insurance joint venture in two separate deals worth a combined $296 million to billionaire Azim Premji and Singapore state investor Temasek.