Flipkart-owned PhonePe said it had not received any official complaint from either ICICI Bank or the National Payments Corporation of India (NPCI) before the bank arbitrarily blocked all transactions made through the app starting Friday.
With key events such as developments in the European Union (Brexit), policy initiatives by Donald Trump after he assumes office as the US President, monetary policy framework of global central banks, outcome of Assembly elections back home and the
Much to the Street's disappointment, the Reserve Bank of India (RBI) kept key policy rates unchanged in its monetary policy review announced on Wednesday. This rubbed off negatively on banking stocks, which fell by one to three per cent.
Interest rate sensitive shares from the sectors such as banking, automobiles and real estate were in focus ahead of the Reserve Bank of India (RBI) Governor Urjit Patel-led Monetary Policy Committee (MPC) meeting due later in the day.
In the wake of the ban on high denomination notes, ICICI Bank has targeted to add 100 villages in as many days to create a digital ecosystem for the transaction and commercial activities in the far-flung areas of the country.
To reach out to unbanked villages, private lender ICICI Bank has deployed mobile branches in Maharashtra, Chhattisgarh and Odisha to help customers meet their daily financial needs conveniently, post demonetisation.
Speaking to reporters after the Parliament session on Thursday, ICICI Bank Managing Director and Chief Executive Officer Chanda Kochhar said that the situation at the banks is getting back to normal gradually and added that queues are getting shorter and
ICICI Bank was up 3% to Rs 287 on BSE in early morning trade after the banks’ outstanding watch list for the quarter ended September 30, 2016 (Q2FY17) stood at Rs 32,490 crore down from Rs 44,000 crore at the start of the financial year.
ICICI Bank has surged nearly 6% to Rs 256 on the BSE in intra-day trade after the Ruias of the Essar group on Saturday signed a binding agreement with Russia’s Rosneft, United Capital Partners and Trafigura Group Pte.