Investors eyeing dividend payouts from several prominent companies, including ICICI Bank , Grasim Industries, and RITES, face a crucial deadline as Monday marks the final trading session to purchase shares and qualify for upcoming dividend distributions.

ICICI Bank's Record Dividend

ICICI Bank has announced its highest dividend since the 2014 stock split, offering shareholders Rs 11.00 per share. This significant payout underscores the bank's strong financial performance and commitment to shareholder returns.

Other Notable Dividend Announcements

• Grasim Industries has declared a dividend of Rs 10.00 per share.
• RITES, a public sector undertaking (PSU), will distribute an interim dividend of Rs 1.30 per share.

Additional Companies Offering Dividends

Several other companies have also announced dividend payouts, including:

• Arvind Fashions
• H.G. Infra Engineering
• India Pesticides

Important Consideration for Investors

Under India's T+1 settlement cycle, it's crucial for investors to note that shares must be purchased before the record date to qualify for dividend payments. Purchases made on the record date itself do not meet the eligibility criteria for receiving dividends.

Investor Action Required

Shareholders and potential investors interested in these dividend opportunities should ensure they complete their share purchases by the end of Monday's trading session to secure their eligibility for the announced dividends.

This flurry of dividend announcements across various sectors provides investors with multiple options to potentially enhance their portfolio yields. However, as always, it's advisable for investors to consider their overall investment strategy and consult with financial advisors before making investment decisions based solely on dividend announcements.

ICICI Bank , one of India's leading private sector banks, has announced significant changes to its savings account policies and reported strong financial results for the first quarter of the fiscal year.

New Minimum Balance Requirements

ICICI Bank has revealed substantial increases in minimum average monthly balance requirements for new savings accounts, effective from August 1, 2025. The revised requirements are as follows:

This significant hike in minimum balance requirements applies only to new savings accounts opened from the specified date.

Updated Service Charges

Along with the new balance requirements, ICICI Bank has also revised its service charges:

• Three complimentary cash deposits and withdrawals per month at branches
• Additional transactions will incur a charge of ₹150.00
• Monthly transactions up to ₹1 lakh remain free
• Transactions exceeding ₹1 lakh will be charged at ₹3.50 per ₹1,000 or ₹150.00, whichever is applicable

Q1 Financial Performance

ICICI Bank reported robust financial results for the first quarter:

• Standalone net profit increased by 15.5% to ₹12,768.00 crore
• Net interest income rose by 10.6% to ₹21,635.00 crore
• Asset quality improved with gross Non-Performing Assets (NPA) ratio at 1.67%, down from 2.15% in the previous comparable period

Stock Performance

ICICI Bank's shares closed 0.25% lower at ₹1,436.40 on the day of the announcement. However, the stock has shown strong performance over longer periods:

• 14% gain over the past six months
• 23% increase over the last year

These policy changes and financial results reflect ICICI Bank's efforts to optimize its operations and maintain strong financial health in a competitive banking environment. The increased minimum balance requirements may impact new customers, particularly in urban and metro areas, while the bank continues to show solid financial growth and improved asset quality.