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18 stories found

Indian Banks Report Strong Q1 Profit Growth, HDFC Lags
Businessbloombergindian-express1mo ago2 sources

Indian Banks Report Strong Q1 Profit Growth, HDFC Lags

Several major Indian banks, including ICICI, Kotak, Axis, and YES Bank, reported double-digit profit growth in the first quarter, with ICICI Bank's profit beating estimates due to surging loans. HDFC Bank, however, lagged behind its peers in profit growth.

ICICI and HDFC Banks Report Strong Q4 Earnings
FinancebloombergYahooindian-express+1seeking-alpha4mo ago4 sources

ICICI and HDFC Banks Report Strong Q4 Earnings

ICICI Bank and HDFC Bank have both reported robust financial results for the fourth quarter, with net profits soaring by 8-9% year-on-year. Both banks demonstrated strong credit growth and improved asset quality during this period.

ICICI Bank officer's wife and lover arrested in murder plot
WorldTimes of India4mo ago

ICICI Bank officer's wife and lover arrested in murder plot

Police in Alwar have arrested Archana Arora, wife of an ICICI Bank regional head, and her alleged lover, Rishabh Sharma, for conspiring to murder her husband. The complaint details an illicit relationship, alleged theft, and an attempted murder.

Goldman Sachs Bullish on Private Bank Stocks
Businesseconomic-times5d ago

Goldman Sachs Bullish on Private Bank Stocks

Goldman Sachs maintains a bullish outlook on several private bank stocks, identifying ICICI Bank and Kotak Mahindra Bank as top banking bets. The firm recommends six specific private bank stocks for investment.

Businessbloomberg13d ago

ICICI Bank Joins Indian Banks Seeking Dollar Loans, Boosting Demand

India's ICICI Bank Ltd. has launched a syndicated offshore loan of approximately $1.45 billion, joining a growing number of local banks tapping overseas debt. This move aims to capitalize on a central bank facility that lowers borrowing costs and swells demand for dollar loans.

Indian Refiners Pay for Iranian Oil in Yuan
FinanceReutersTimes of India4mo ago2 sources

Indian Refiners Pay for Iranian Oil in Yuan

Indian oil refiners have reportedly begun purchasing Iranian oil and are paying for these imports in Chinese yuan, with sources indicating that ICICI Bank is facilitating these transactions.