Icici Bank Stock News

It''s raining discounts on OnePlus, Garmin and Huawei smartphones and wearables for Axis Bank, ICICI Bank and American Express cardholders.

Sensex bleeds 1,200 points, Nifty tests 17,000; M&M, ICICI Bank shed 4% each; all sectoral indices in the red.

5-member jury chooses him for turning around the private sector lender

CBI booked ABG Shipyard Limited, its former chairman and managing director Rishi Kamlesh Agarwal and others for allegedly cheating a consortium of two dozen lenders led by the ICICI Bank.

According to figures from the forensic audit that were included in the CBI complaint, the company owed Rs 70.89 billion to ICICI Bank, Rs 36.34 billion to IDBI Bank, Rs 29.25 billion to the State Bank of India , Rs 16.14 billion to Bank of Baroda, Rs 12.44 bilion to Punjab National Bank and Rs 12.28 billion to Indian Overseas Bank.

ABG Shipyard, the flagship entity of ABG Group, has been reportedly booked by the Central Bureau of Investigation (CBI) over an alleged Rs 22,842-crore financial fraud.The company''s directors Rishi Agarwal, Santhanam Muthuswamy, and Ashwini Kumar have also been booked, NDTV reported.As many as 28 banks were victims of the alleged scam, as per the report.State Bank of India has filed a complaint over the scam. It says the company owes it Rs 2,925 crore. The other banks include ICICI Bank (Rs 7,089 crore), IDBI Bank (Rs 3,634 crore), Bank of Baroda (Rs 1,614 crore), PNB (Rs 1,244 crore and IOB (Rs 1,228 crore)."The Forensic Audit report dated 18.01.2019 submitted by M/s. Ernst & Young LP for the period April 2012 to July 2017 revealed that the accused have colluded together and committed illegal activities including diversion of funds, misappropriation, and criminal breach of trust and for purposes other than for the purpose for which the funds are released by the Bank", NDTV quoted CBI''s FIR as saying.ABG Shipyard Ltd is known for shipbuilding and repair.

ICICIBANK Weekly Outlook and Analysis: For the Week: (Feb 14, 2022 Feb 18, 2022) BSE: 532174| NSE: ICICIBANK| ISIN: INE090A01021| SECTOR: BANKS ICICIBank Share Price : 790.80 (NSE) ICICIBank closed the Week on Negative Note Losing 1.77% Weekly High: 808.80 Weekly Low: 774.30 Weekly Range: 34.50 Points Weekly Support The post ICICI Bank Outlook for the Week (Feb 14, 2022 Feb 18, 2022) appeared first on Equitypandit .

ICICI Bank Limited with ticker code (IBN) have now 3 analysts covering the stock with the consensus suggesting a rating of ''Strong_Buy''. The target price ranges between 28 and 27 with the average target price sitting at 27.43. Given that the stocks previous close was at 21.4 this indicates there is a potential upside of 28.2%. There is a 50 day moving average of 20.35 and the 200 day moving average is 19.05. The company has a market capitalisation of $74,591m. Visit the company website at: https://www.icicibank.com [stock_market_widget type="chart" symbol="IBN" chart="bar" range="6mo" interval="1d" line-color="rgb(49, 125, 189)"] The potential market cap would be $95,608m based on the market concensus. ICICI Bank Limited provides various banking products and financial services in India and internationally. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life insurance, General insurance, and Others segments. The company offers savings, salary, pension, current, and other accounts; and fixed, recurring, and security deposits.

The initiative leverages upon advanced APIs of the bank that digitally validates PAN/ Aadhaar number which is required for verification of KYC.

In case of cheque return, ICICI Bank will now charge 2% of the total amount due with a minimum of 500

ICICI Bank today announced that it has made ‘InstaBIZ’ interoperable, making the benefits of its business banking mobile app available to all merchants including customers of other banks.

Enables merchants & professionals to instantly create digital collection solutions to collect money from customers immediately

ICICI Bank has made InstaBIZ interoperable, making the benefits of its business banking mobile app available to all merchants including customers of other banks

Among Sensex names, Tech Mahindra advanced 1.94 per cent to Rs 1,460.60. HCL Tech gained 1.76 per cent to Rs 1,182.75. Bajaj Finserv, Maruti Suzuki, Wipro, Titan and HDFC Bank rose over 1 per cent each. IndusInd Bank, ICICI Bank, Bajaj Finance, Infosys and Axis Bank also gained over 1 per cent each.

Earlier, ICICI Bank had a shareholding of 4.6% (based on voting rights) in Fino PayTech.