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India

ICICI Bank Ltd (ICBK.BO)

ICBK.BO on Bombay Stock Exchange

340.05INR
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Latest Key Developments (Source: Significant Developments)

ICICI Bank Denies Media Reports Of Co Masking Bad Loans
Wednesday, 8 Aug 2018 

Aug 8 (Reuters) - ICICI Bank Ltd ::CLARIFIES ON MEDIA REPORTS ON BANK MASKING BAD LOANS THROUGH CHANGE IN ACCOUNTING POLICY.BANK'S ACCOUNTS ARE AUDITED BY REPUTED STATUTORY AUDITORS WHOSE AUDIT REPORT AND AUDIT OPINION FORM PART OF THE BANK'S ANNUAL REPORT.SAYS BANK HAS MADE FULL DISCLOSURE IN ITS ANNUAL REPORT, INVESTOR PRESENTATIONS AND ANALYSTS CALLS.WRITE-OFFS DO NOT IMPACT LOAN CLASSIFICATION, ADDITIONS TO NPAS, PROFIT & LOSS ACCOUNT OR NET NPA RATIO OF BANK.HAS ALSO DISCLOSED PROVISION COVERAGE RATIO BOTH INCLUDING AND EXCLUDING PRUDENTIAL/ TECHNICAL WRITE-OFFS.  Full Article

ICICI Bank Says Got Notice On July 31 On Alleged Delayed Disclosure On May 18, 2010 On Agreement Entered By Bank
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - ICICI Bank Ltd ::RECEIVED NOTICE ON JULY 31 ON ALLEGED DELAYED DISCLOSURE ON MAY 18, 2010 OF AGREEMENT ENTERED BY BANK.  Full Article

ICICI Bank Approves Appointment Of Girish Chandra Chaturvedi As Non-Exec Part-Time Chairman
Friday, 29 Jun 2018 

June 29 (Reuters) - ICICI Bank Ltd ::APPROVED APPOINTMENT OF GIRISH CHANDRA CHATURVEDI AS NON-EXECUTIVE PART-TIME CHAIRMAN.APPOINTED GIRISH CHANDRA CHATURVEDI AS INDEPENDENT DIRECTOR EFFECTIVE JULY 1.AFFIRMS THAT CHATURVEDI IS NOT DEBARRED FROM HOLDING OFFICE OF DIRECTOR BY VIRTUE OF ANY ORDER OF SEBI OR ANY OTHER AUTHORITY.  Full Article

ICICI Bank: Has Classified 31 Loan Accounts Cited By Whistleblower As Non-Performing
Friday, 22 Jun 2018 

June 22 (Reuters) - ICICI Bank Ltd says::IN MARCH 2018 BANK WAS MADE AWARE OF AN ANONYMOUS COMPLAINT.COMPLAINT ALLEGED IRREGULARITIES IN THE CONDUCT OF SOME BORROWER ACCOUNTS, INCORRECT ASSET CLASSIFICATION.COMPLAINT CITED 31 LOAN ACCOUNTS.COMPLAINT WAS TREATED AS A WHISTLE BLOWER COMPLAINT AND AN ENQUIRY WAS INSTITUTED.FINDINGS IN AN INTERIM REPORT HAD NO MATERIAL IMPACT ON BANK'S FINANCIAL STATEMENTS FOR FY2018.INTERIM REPORT OF ENQUIRY HAS BEEN SUBMITTED TO REGULATOR.LOANS OUTSTANDING IN 31 ACCOUNTS WERE FULLY CLASSIFIED AS NON-PERFORMING, WITH PROVISIONS MADE AS PER APPLICABLE NORMS.AGGREGATE LOANS IN 31 ACCOUNTS OUTSTANDING AT END-MARCH 2018 WERE 60.82 BILLION RUPEES ($ 898 MILLION), ABOUT 1.1 PERCENT OF GROSS LOANS.NO DISCLOSURE ON DIVERGENCE IN ASSET CLASSIFICATION AND PROVISIONING FOR NPAS WAS REQUIRED TO BE MADE BY BANK FOR FY2017.FURTHER ACTIONS IN THIS MATTER WILL BE TAKEN AS DIRECTED BY THE AUDIT COMMITTEE.  Full Article

ICICI Bank Denies Having Asked CEO Chanda Kochhar To Go On Leave
Friday, 1 Jun 2018 

June 1 (Reuters) - ICICI Bank Ltd ::SAYS BOARD DENIES HAVING ASKED CHANDA KOCHHAR TO GO ON LEAVE.SAYS BOARD DENIES THAT IT HAS APPOINTED ANY SEARCH COMMITTEE TO FIND CHANDA'S SUCCESSOR.  Full Article

ICICI Bank To Set Up Probe Into Complaint Against CEO
Wednesday, 30 May 2018 

May 30 (Reuters) - ICICI Bank Ltd ::ICICI BANK - TO SET UP PROBE HEADED BY INDEPENDENT PERSON INTO ADDITIONAL WHISLEBLOWER COMPLAINT ALLEGING NON-ADHERENCE OF CODE OF CONDUCT BY MD, CEO.ICICI BANK - SCOPE OF PROBE TO BE COMPREHENSIVE; TO USE FORENSICS/EMAIL REVIEWS, RECORDAL OF STATEMENTS WHEREVER WARRANTED.ICICI BANK - PROBE TO ALSO EXAMINE 'CONFLICT OF INTEREST' COMPLAINT.ICICI BANK-TO SET UP PROBE HEADED BY INDEPENDENT PERSON INTO ADDITIONAL WHISTLEBLOWER COMPLAINT ALLEGING NON-ADHERENCE OF CODE OF CONDUCT BY MD, CEO (FIXES SPELLING OF 'WHISTLEBLOWER').  Full Article

ICICI Bank Says Co Responds To SEBI Queries On Matters Relating To Videocon Group Issue
Friday, 25 May 2018 

May 25 (Reuters) - ICICI Bank Ltd ::GOT NOTICE FROM SEBI REQUIRING RESPONSES ON MATTERS RELATING TO ALLEGED NON-COMPLIANCE WITH CERTAIN PROVISIONS OF LISTING AGREEMENT.NOTICE ISSUED BASED ON INFO PUBLISHED BY BANK/MD & CEO TO QUERIES BY SEBI ON DEALINGS OF CO WITH VIDEOCON GROUP, BETWEEN VIDEOCON AND NUPOWER.  Full Article

ICICI Bank CEO: A Lot of Stressed Loans Recognised Already, Focus On Resolution
Monday, 7 May 2018 

May 7 (Reuters) - ICICI Bank Ltd Chief Executive Chanda Kochhar On Earnings Call::A LOT OF STRESS HAS ALREADY BEEN RECOGNISED.GOING FORWARD FOCUS WILL BE ON RESOLUTION.BOARD WILL MEET ON TUESDAY FOR STRATEGY AND BUDGET PLANNING.BOARD DID NOT DISCUSS VIDEOCON LOAN ISSUE IN MONDAY'S MEETING.TOTAL EXPOSURE TO BORROWERS SENT TO BANKRUPTCY COURT ABOUT 152 BILLION RUPEES, HAVE 50 PERCENT PROVISION COVER ON THOSE LOANS.GOVERNMENT NOMINEE DIRECTOR ON BOARD WAS NOT ABLE TO ATTEND MONDAY'S MEETING.  Full Article

India's ICICI Bank March-Qtr Net Profit Nearly Halves
Monday, 7 May 2018 

May 7 (Reuters) - ICICI Bank Ltd ::MARCH QUARTER NET PROFIT 10.20 BILLION RUPEES VERSUS PROFIT OF 20.25 BILLION RUPEES LAST YEAR.CONSENSUS FORECAST FOR MARCH QUARTER PROFIT WAS 10.77 BILLION RUPEES.MARCH QUARTER INTEREST EARNED 142.64 BILLION RUPEES VERSUS 135.69 BILLION RUPEES LAST YEAR.MARCH QUARTER PROVISIONS AND CONTINGENCIES 66.26 BILLION RUPEES VERSUS 28.98 BILLION RUPEES LAST YEAR.SAYS CO RECOMMENDED DIVIDEND OF 1.50 RUPEES PER SHARE.MARCH QUARTER GROSS NPA 8.84 PERCENT VERSUS 7.82 PERCENT PREVIOUS QUARTER.MARCH QUARTER NET NPA 4.77 PERCENT VERSUS 4.20 PERCENT PREVIOUS QUARTER.SAYS DOMESTIC NET INTEREST MARGIN WAS 3.67 PERCENT AND THE OVERALL NET INTEREST MARGIN WAS 3.24 PERCENT IN Q4-2018.SAYS RECOVERIES AND UPGRADES FROM NON-PERFORMING LOANS WERE 42.34 BILLION RUPEES IN Q4-2018.BOARD APPROVED SEEKING CONSENT TO INVITE SUBSCRIPTION FOR NCDS OR BONDS ON PRIVATE PLACEMENT BASIS FOR UP TO 250 BILLION RUPEES.SAYS CO'S DRILLDOWN LIST DECREASED FROM 440.65 BILLION RUPEES AT MARCH 31, 2016 TO 47.28 BILLION RUPEES AT MARCH 31, 2018.DURING Q4, MADE PROVISION FOR CERTAIN FRAUD AND NON-PERFORMING CASES BY DEBITING RESERVES AND SURPLUS AMOUNTING TO 199.8 MILLION RUPEES.CLASSIFIED 3 BORROWER ACCOUNTS IN GEMS & JEWELLERY SECTOR WITH FUND-BASED OUTSTANDING OF 7.95 BILLION RUPEES AS FRAUD AND NON PERFORMING.DURING Q4 MADE PROVISION OF 2.89 BILLION RUPEES VIA PROFIT & LOSS ACCOUNT, 5.05 BILLION RUPEES BY DEBITING RESERVES & SURPLUS, AS PERMITTED BY RBI.  Full Article

ICICI Bank Says Co Responded To SEBI On Clarification Of News Reports
Monday, 16 Apr 2018 

April 16 (Reuters) - ICICI Bank Ltd ::SAYS CO RESPONDED TO SEBI on CLARIFICATION OF NEWS REPORTS.  Full Article

TABLE-India Certificates of Deposit deals on F-TRAC-Aug 10

Aug 10 Following are the details of deals in Indian Certificates of Deposit reported on Clearcorp F-TRAC Platform. ISIN DESCRIPTION MATURITY WTG AVG WTG AVG NO OF TRADED LAST TRADED DATE PRICE YLD% TRADES VALUE* PRICE YIELD ============ ============ ======== ======= ======= ====== ===== =============== INE976G16HU1 RBL BK 13-Aug-18 99.9466 6.5005 3 150 99.