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RBI Slaps ₹75 Lakh Penalty on ICICI Bank for Regulatory Violations

ICICI Bank has been penalized ₹75 lakh by the Reserve Bank of India (RBI) for non-compliance with regulatory directives. The violations include failure to conduct independent property valuations for certain mortgage loans and improper opening and maintenance of current accounts. The penalty was imposed after a Statutory Inspection for Supervisory Evaluation, a show-cause notice, and consideration of the bank's response. RBI clarified that the penalty is based on compliance deficiencies and does not comment on the validity of bank-customer transactions.

05Aug 25

ICICI Bank Sees Massive Block Trade of Rs. 943.68 Crores on NSE

ICICI Bank experienced a significant block trade on the National Stock Exchange (NSE), involving 6,497,849 shares at Rs. 1,452.30 per share, totaling Rs. 943.68 crores. This large-scale transaction indicates strong institutional interest in the bank's shares and underscores investor confidence in ICICI Bank's market position. The trade's magnitude suggests potential institutional portfolio adjustments, although the parties involved remain undisclosed.

04Aug 25

ICICI Bank Shares Worth Rs. 135.26 Crores Traded in NSE Block Deals

ICICI Bank experienced two significant block deals on the National Stock Exchange (NSE), involving over 920,000 shares with a total value of approximately Rs. 135.26 crores. The first trade involved 478,787 shares at Rs. 1,469.00 per share, totaling Rs. 70.33 crores. The second trade consisted of 441,820 shares at Rs. 1,469.60 per share, amounting to Rs. 64.93 crores. These substantial transactions indicate significant interest in ICICI Bank shares among major market players, potentially influencing short-term price movements and market sentiment.

30Jul 25

ICICI Bank to Levy UPI Transaction Fees on Payment Aggregators

ICICI Bank will implement a new fee structure for payment aggregators processing UPI transactions starting August 1. Aggregators with escrow accounts will be charged 2 basis points (capped at ₹6), while those without will incur 4 basis points (capped at ₹10). Transactions settled directly into ICICI Bank merchant accounts remain free. This move follows similar actions by Yes Bank and Axis Bank, reflecting a trend in the banking sector to offset UPI transaction costs. The change may impact merchants' overall cost structure for UPI transactions through payment aggregators.

25Jul 25

ICICI Bank Reports 15.5% Profit Growth, Loan Portfolio Expands 11.5%

ICICI Bank's Q1 results show strong growth with profit after tax increasing 15.5% to ₹12,768.00 crore. Net interest income rose 10.6% to ₹21,635.00 crore. The bank's loan portfolio grew 11.5% year-on-year, with domestic loans up 12.0%. Deposits increased by 12.8% to ₹16,08,517.00 crore. Asset quality improved with the net NPA ratio at 0.41%. The bank maintained a robust capital position with a total capital adequacy ratio of 16.97%. ICICI Bank continues to focus on risk-calibrated profitable growth across various business segments.

25Jul 25

ICICI Bank Completes Exit from India Advantage Fund III and IV

ICICI Bank has fully divested its holdings in India Advantage Fund III and India Advantage Fund IV. The bank redeemed all residual units held by ICICI Group entities in both funds, which are no longer considered associates of ICICI Bank. Previously, ICICI Group held a 47% stake in India Advantage Fund IV and a 24% stake in India Advantage Fund III. This move simplifies ICICI Bank's investment portfolio and may allow for more focused asset management and regulatory compliance.

24Jul 25

ICICI Bank Reports 15.5% Profit Growth in Q1, Net Interest Margin Declines to 4.34%

ICICI Bank's Q1 profit after tax grew 15.5% year-on-year to ₹12,768.00 crore. Net Interest Income increased 10.6% to ₹21,635.00 crore, while Net Interest Margin declined to 4.34%. Domestic loan portfolio grew 12.0%, with business banking showing strong 29.7% growth. Asset quality improved with net NPA ratio at 0.41%. Total deposits increased 12.8% to ₹16,08,517.00 crore. The bank maintains a strong capital position with a CET-1 ratio of 16.31%. Management expects further margin compression in the next quarter due to repo rate cuts.

24Jul 25

ICICI Bank Shares Worth ₹75.59 Crore Traded in NSE Block Deal

A significant block trade of ICICI Bank shares occurred on the National Stock Exchange (NSE). The transaction involved 510,057 shares traded at ₹1,482.00 per share, totaling ₹75.59 crore. This block deal represents a substantial transaction in ICICI Bank's shares, typically executed between institutional investors or large individual shareholders.

21Jul 25

ICICI Bank Q1 Results: Net Profit Surges 15% to Rs 12,768 Crore, Beating Estimates

ICICI Bank's Q1 financial results show robust performance with net profit up 15% year-on-year to Rs 12,768.00 crore, exceeding analyst expectations. Net Interest Income grew 11% to Rs 21,635.00 crore. While loan growth moderated to 11.5-12%, deposit growth remained strong at 13%. The bank maintained stable asset quality with gross NPLs at 1.70% and a credit cost of 0.50%. Major brokerages have maintained positive outlooks on the bank, with target prices ranging from Rs 1,440.00 to Rs 1,760.00.

19Jul 25

ICICI Bank Reports 15.5% Profit Growth, Expects Further Margin Compression

ICICI Bank's profit after tax increased by 15.5% year-on-year to ₹12,768.00 crore for the quarter ended June 30, surpassing analyst estimates. The bank reported strong growth across key financial metrics, including a 10.6% rise in Net Interest Income to ₹21,635.00 crore and a 13.6% increase in core operating profit to ₹17,505.00 crore. Asset quality improved with the gross NPA ratio decreasing to 1.67%. The bank's total advances grew by 11.5% and deposits by 12.8% year-on-year. However, the bank anticipates further compression in Net Interest Margins in the coming quarter.

18Jul 25

ICICI Bank: Q1FY26 Profit Expected to Rise Up to 12% YoY; Bank Allots 71,031 Equity Shares

ICICI Bank is expected to show robust growth in Q1FY26 with projected PAT increase of 3-12% YoY, NII growth of 7-9% YoY, loan growth of 11-12% YoY, and deposit growth of 12-15% YoY. The bank has also allotted 71,031 new equity shares under its employee stock unit scheme on July 18, 2025.

18Jul 25

ICICI Bank: Major Block Trade of 6.25 Lakh Shares Amidst Recent Stock Allotment

ICICI Bank saw a block trade of 625,206 shares worth Rs. 89.20 crores on NSE at Rs. 1,426.80 per share. The bank also allotted 71,031 equity shares under its Employees Stock Unit Scheme-2022, each with a face value of Rs. 2.00. The allotment was approved by two Executive Directors under authority from the Board's October 21, 2023 meeting.

17Jul 25

ICICI Bank Anticipates 6% Profit Growth in Q1 Amid Robust Loan Expansion

ICICI Bank is expected to report a 6% year-on-year increase in profit to ₹11,770.00 crore for Q1. The bank projects 13% loan book growth, outperforming industry average. Net Interest Income is anticipated to rise 8% to ₹21,045.00 crore. However, Net Interest Margin may decline to 4.21% from 4.41% due to policy rate cuts. Challenges include potential increased provisions and seasonal agricultural loan slippages.

17Jul 25

ICICI Bank Shares: Block Trade Worth Rs. 81.05 Crores Executed on NSE

A significant block trade of ICICI Bank Ltd. shares occurred on the National Stock Exchange (NSE). Approximately 573,873 shares were traded at Rs. 1,412.30 per share, totaling Rs. 81.05 crores. The transaction highlights continued interest in one of India's leading private sector banks. While the identities of the buyers and sellers remain undisclosed, this event may draw attention to ICICI Bank's current market position.

09Jul 25

ICICI Bank to Boost Stake in ICICI Prudential AMC Ahead of IPO

ICICI Bank plans to acquire an additional 2.00% stake in ICICI Prudential Asset Management Company from Prudential Corporation Holdings Ltd before the subsidiary's IPO. ICICI Prudential AMC has filed its DRHP, which includes a 10.00% offer for sale by PCHL. The move aims to maintain ICICI Bank's majority shareholding and prepare for potential future dilution due to stock-based compensation.

27Jun 25

ICICI Bank to Boost Stake in ICICI Prudential Asset Management Company, Sets AGM Date

ICICI Bank's board has approved acquiring an additional 2% stake in ICICI Prudential Asset Management Company (AMC), subject to regulatory approvals. The bank also set August 30 for its 31st Annual General Meeting, August 12 as the record date for dividend eligibility, appointed M/s. Parikh Parekh & Associates as secretarial auditor, and approved an amendment to the ADR deposit agreement allowing registered ADS holders to exercise voting rights, pending RBI approval.

20Jun 25

ICICI Bank to Revise Service Charges from July 1, 2025

ICICI Bank announces comprehensive revision of service charges effective July 1, 2025. Changes include new limits on free ATM transactions, fees for IMPS transfers, updated cash transaction charges at branches and CRMs, and revised debit card service fees. The revisions will impact various banking services and potentially affect a wide range of customers. Specific details of the new charges are yet to be disclosed.

16Jun 25

RBI Greenlights ICICI Bank Executive Director's Extended Tenure

The Reserve Bank of India (RBI) has approved the reappointment of Sandeep Batra as an executive director of ICICI Bank for an additional two-year term. The extension covers the period from December 23, 2025, to December 22, 2027, following his current term which ends on December 22, 2025. This decision ensures continuity in ICICI Bank's top management and signals regulatory confidence in the bank's leadership.

10Jun 25

ICICI Bank Slashes Fixed Deposit Rates by up to 25 Basis Points

ICICI Bank has announced a reduction in fixed deposit interest rates by up to 25 basis points, effective June 10, 2025. The highest interest rate for general citizens is now 6.60% for tenures of 2-10 years, while senior citizens can earn up to 7.10%. This change follows the Reserve Bank of India's recent repo rate cut and will affect both new deposits and renewals. The move aligns with broader market trends, and other financial institutions may follow suit.

06Jun 25

ICICI Bank Officer Arrested in Rs 4.58 Crore Fixed Deposit Fraud

A relationship manager at ICICI Bank's Kota branch in Rajasthan has been arrested for allegedly defrauding Rs 4.58 crore from 110 fixed deposit accounts of 41 customers over a three-year period from 2020 to 2023. The manager reportedly diverted the funds into the stock market, resulting in heavy losses. ICICI Bank has acknowledged the fraud and committed to compensating affected customers. The incident raises concerns about internal controls and customer trust in the bank.

02Jun 25

ICICI Bank Witnesses Significant Block Trade: 6.82 Lakh Shares Change Hands

A significant block trade of 681,555 ICICI Bank shares occurred on the National Stock Exchange (NSE). The transaction was valued at Rs. 97.99 crore, with shares priced at Rs. 1,437.80 each. This large-scale trade indicates substantial investor activity in one of India's leading private sector banks, potentially influencing short-term market dynamics.

29May 25

ICICI Bank Shares: Major Block Trade Worth Rs. 160.09 Crore Executed

A significant block trade of ICICI Bank shares occurred on the National Stock Exchange. 1,104,517 shares were traded at Rs. 1,449.40 per share, totaling Rs. 160.09 crore. This large-scale transaction highlights ongoing interest in one of India's leading private sector banks and may indicate portfolio adjustments by major market players.

28May 25

SAT Directs SEBI to Grant Chanda Kochhar Access to ICICI Bank Documents in Videocon Case

The Securities Appellate Tribunal (SAT) has directed SEBI to grant former ICICI Bank CEO Chanda Kochhar access to crucial documents filed by the bank in the Videocon loans case. This includes show cause notices, replies, and electronic records. SAT emphasized that denying access would violate natural justice principles, as allegations against Kochhar and ICICI Bank stem from the same facts. This ruling could significantly impact Kochhar's defense strategy in the ongoing case investigating alleged irregularities in loans granted to the Videocon Group during her tenure.

21Apr 25

ICICI Bank: Q4 Earnings Showcase Superior Quality Despite Slower Growth

ICICI Bank announced Q4 FY2023 results with net profit rising 18% to ₹126.00 billion. Interest income increased by 11.90% to ₹424.00 billion. Asset quality improved with GNPA ratio decreasing to 1.67% and NNPA ratio to 0.39%. Net Interest Margin rose to 4.40%. Loan growth was softer at 2.10% QoQ due to pricing pressure. The bank recommended a dividend of ₹11.00 per equity share. Analysts have revised price targets upwards, with Jefferies setting the highest at ₹1,710.

20Apr 25

ICICI Bank Reports Strong Q4 FY25 Results: Net Profit Surges 18% YoY

ICICI Bank's Q4 FY25 results show strong performance with Profit After Tax at ₹14,354.00 crore, up 18% YoY. Total revenue reached ₹79,748.00 crore, growing 18.70% YoY. Net Interest Income stood at ₹25,340.00 crore, while non-interest income grew 27.61% to ₹31,361.00 crore. Operating profit was ₹10,830.00 crore. EPS increased by 14.91% to ₹19.11. Systematix maintained a 'Buy' rating and raised the target price following the results announcement.

19Apr 25

ICICI Bank Reports Strong Q4 Results, Announces Stake Sale in NIIT-IFBI

ICICI Bank reported robust Q4 FY2025 results with an 18% increase in net profit to ₹12,630.00 crore. The bank's core operating profit grew by 13.7% year-on-year to ₹17,425.00 crore. Net interest income rose by 11% to ₹21,193.00 crore, while non-interest income grew by 18.4%. Asset quality improved with gross NPA ratio decreasing to 1.67%. The bank also announced the sale of its 18.8% stake in NIIT-IFBI to NIIT Limited, valued between ₹4.70 crore to ₹6.58 crore. A dividend of ₹11.00 per share for FY2025 was recommended.

19Apr 25

ICICI Bank Reports 18% Surge in Q4 Profit, Declares ₹11 Dividend

ICICI Bank's Q4 2025 profit after tax increased 18% year-on-year to ₹12,630 crore. Full-year profit grew 15.5% to ₹47,227 crore. Net Interest Income rose 11% to ₹21,193 crore in Q4. Loan portfolio expanded 13.3% year-on-year, with deposits up 14%. Asset quality improved with gross NPA ratio decreasing to 1.67%. The bank maintains a strong capital position with a total capital adequacy ratio of 16.55%. A dividend of ₹11 per share for FY2025 was recommended.

18Apr 25

ICICI Bank: Q2 FY25 Net Profit Rises 14.5% YoY, NII Up 9.5%; Strategic Divestment Completed

ICICI Bank's Q2FY25 net profit increased by 14.5% year-on-year to ₹11,746.00 crore. Net Interest Income grew 9.5% to ₹20,048.00 crore, while domestic loan growth was 15.7%. The bank's gross NPA ratio improved to 1.97%. Additionally, ICICI Bank completed the sale of its 19% stake in ICICI Merchant Services Private Limited to First Data entities, as part of its portfolio optimization strategy.

18Apr 25

ICICI Bank: Q4 Results, Dividend Announcement, and Stake Sale in ICICI Merchant Services

ICICI Bank has sold its 19% stake in ICICI Merchant Services to First Data, a Fiserv Inc. subsidiary, on April 17, 2023. The company has been renamed Fiserv Merchant Solutions Private Limited. Separately, ICICI Bank will announce its Q4 and FY23 results on April 19, 2023, with the board considering dividend recommendations. The bank also allotted 8,024 equity shares under its employee stock option program.

17Apr 25

Fitch Upgrades ICICI Bank's Viability Rating, Affirms Long-Term IDR

Fitch Ratings has upgraded ICICI Bank's Viability Rating (VR) to 'BB+' from 'BB', while affirming its Long-Term Issuer Default Rating (IDR) at 'BB+'. The upgrade reflects significant improvements in the bank's financial profile and stability. This action enhances ICICI Bank's credibility, potentially lowering borrowing costs and boosting investor confidence. Separately, ICICI Bank allotted 8,024 equity shares under its Employees Stock Unit Scheme-2022.

17Apr 25

ICICI Bank Slashes Savings Account Interest Rates by 25 bps, Following Industry Trend

ICICI Bank has reduced its savings account interest rates by 25 basis points. For balances below Rs 50 lakh, the new rate is 2.75%, while for Rs 50 lakh and above, it's 3.25%. This move follows similar actions by HDFC Bank and Axis Bank, aiming to lower costs and potentially improve Net Interest Margin. The decision is part of a broader trend in the Indian banking sector to optimize cost structures amid challenging economic conditions.

16Apr 25

ICICI Bank: Rs. 69.02 Crore Block Trade Ahead of Q4 Results

ICICI Bank witnessed a block trade of 511,278 shares worth Rs. 69.02 crore on NSE at Rs. 1,349.90 per share. The bank has scheduled its Q4 and FY2025 results announcement for April 19, 2025, with a media conference call at 4:00 p.m. IST and an earnings call with analysts and investors at 5:00 p.m. IST. Dial-in numbers for the earnings call have been provided, and the bank will make audio recordings and transcripts available on its website.

16Apr 25

ICICI Bank Cuts Savings Account Interest Rates, Announces Upcoming Financial Results

ICICI Bank has reduced interest rates on savings accounts by 0.25 percentage points, effective April 16. New rates are 2.75% for balances up to ₹50 lakh and 3.25% for balances exceeding ₹50 lakh. The bank has also scheduled its financial results announcement for the quarter and year ended March 31, 2025, with a media conference call and earnings call with analysts and investors set for April 19, 2025.

15Apr 25

ICICI Bank Shares Surge 3% Ahead of Crucial Board Meeting

ICICI Bank's stock price increased by 3.00% following the announcement of a board meeting scheduled for April 19. The meeting agenda includes considering fundraising through debt instruments, reviewing Q4 FY2024-25 results, and potentially recommending a final dividend. This positive market reaction suggests investor optimism about the bank's financial strategies and future prospects.

11Apr 25

ICICI Bank Board to Weigh Fund Raising and Debt Buyback Options

ICICI Bank has announced a board meeting for April 19, 2025, to discuss fund raising through debt securities and potential debt buyback options. The bank will consider issuing non-convertible debentures in domestic markets and bonds or certificates of deposits in overseas markets. Additionally, the bank recently allotted 545,028 equity shares under its Employees Stock Option Scheme-2000 on April 11, 2025.

21Mar 25

ICICI Bank Set to Attract ₹3,590 Crore Inflow After FTSE Index Weight Upgrade

ICICI Bank has received a weight upgrade in the FTSE All World Index, expected to bring in ₹3,590 crore ($426.90 million) of foreign investment. This upgrade is likely to increase the bank's attractiveness to international investors and could lead to increased demand for its shares. The development is seen as a positive reflection of ICICI Bank's performance and growing importance in the global financial landscape.

06Mar 25

ICICI Bank Shares: Major Block Trade Worth Rs. 183.05 Crores Executed on NSE

A substantial block trade of 1,503,379 ICICI Bank shares was executed on the National Stock Exchange (NSE) at Rs. 1,217.60 per share, totaling Rs. 183.05 crores. This significant transaction highlights continued institutional interest in one of India's leading private sector banks, potentially signaling confidence in the bank's current valuation.

05Mar 25

ICICI Bank Sees Major Block Trade Amidst Recent Investor Meetings

ICICI Bank witnessed a significant block trade on the NSE, involving 1,329,591 shares at ₹1,216.65 per share, totaling ₹161.76 crores. This coincided with two rounds of investor meetings in Mumbai on March 4, 2025, attended by prominent global asset management firms including Pictet, Egerton Capital, M&G Investments, Principal Asset Management, Wellington Management, and Ashmore Investment Management. The bank disclosed these meetings in compliance with SEBI regulations, emphasizing that no unpublished price-sensitive information was shared.

24Feb 25

ICICI Bank Enhances Travel Experience: Times Black Credit Card Partners with Atlys for Seamless Visa Applications

ICICI Bank has announced a partnership between its Times Black Credit Card and Atlys, an AI-driven visa application platform. This collaboration aims to simplify and expedite visa applications for cardholders, offering benefits such as streamlined processes, faster processing times, improved approval rates, and visa fee waivers for select countries. Atlys has processed over 2 million visas for more than 150 countries. The partnership comes amid rising outbound travel from India, positioning the Times Black Credit Card as an attractive option for international travelers.

19Feb 25

ICICI Bank: Block Trade Worth ₹46.71 Crore Executed; Bank to Participate in Global Investors' Conference

ICICI Bank experienced a significant block trade of 371,726 shares valued at ₹46.71 crore on the NSE. The bank also announced its participation in IIFL's 16th Enterprising India Global Investors' Conference scheduled for February 25, 2025, in Mumbai.

19Feb 25

ICICI Bank Shares: Block Trade of 320,283 Shares Executed at Rs. 1,256.15 Each

A significant block trade of ICICI Bank shares occurred on the NSE, involving 320,283 shares at Rs. 1,256.15 per share, totaling Rs. 40.23 crores. Additionally, ICICI Bank announced its participation in IIFL's 16th Enterprising India Global Investors' Conference scheduled for February 25, 2025, in Mumbai.