Wednesday, 28 September, 2022
TopicICICI Bank

Topic: ICICI Bank

Indian banks ‘unprepared’ for climate-related risks, RBI must take action, new report says

Simrin Sirur -
None of the 34 banks Climate Risk Horizons analysed have assessed the resilience of their portfolios in the face of climate change. Only 2 have committed to stop funding new coal power plants.

Rupee won’t keep up its strong start to 2022, ICICI Bank says

Ronojoy Mazumdar -
With foreign inflows that have helped it appreciate at the start of the year beginning to ebb in coming months, rupee is likely to weaken.

Court grants bail to ex-ICICI Bank CEO Chanda Kochhar in money laundering case

PTI -
The special PMLA court asked ED to file its reply on Chanda Kochhar's bail application, filed in connection with the ICICI Bank-Videocon money laundering case.

SC rejects Chanda Kochhar’s appeal against being removed as CEO of ICICI Bank

PTI -
The SC bench was hearing Kochhar's appeal against the Bombay HC order which had dismissed her plea and said the matter falls within the realm of private bank and employee.

ED assures Supreme Court of no coercive action against Chanda Kochhar in PMLA case

PTI -
Solicitor General Tushar Mehta informed the apex court bench that ED won't take this action in pursuance of the ECIR registered in ICICI Bank-Videocon Group case.

Higher interest, processing fee — How banks are making hay amid Covid as customers take a hit

Manojit Saha -
From levying charges on cash deposit to processing fee on debt recast, both public and private lenders are finding a way to boost revenue.

ICICI Bank’s profits jump six-fold for July-September quarter

ANI -
The bank's net interest income increased by 16 per cent year-on-year to Rs. 9,366 crore in this year's second quarter from Rs 8,057 crore in last year's second quarter.

After HDFC & ICICI banks, Axis to now give salary hikes while others cut jobs and pay

Suvashree Ghosh -
Axis Bank Ltd. will increase staff salaries between 4% and 12% from October 1 based on performance, according to people with knowledge of the plans.

RBI won’t allow rupee to rise sharply despite high consumer inflation, ICICI says

Subhadip Sircar -
Perception that RBI was cutting dollar purchases was accentuated by comment from policy makers that appreciating rupee had helped tackle imported inflation.

ED questions Deepak Kochhar over ‘new evidence’ of money trail in 6 ICICI loans to Videocon

Ananya Bhardwaj -
Deepak Kochhar was arrested late Monday. He is being questioned in Mumbai but has been ‘evasive’, says ED. His counsel calls the arrest ‘illegal’.
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Opinion

Mohan Bhagwat’s mosque trip left BJP clueless. Only Mukhtar Abbas Naqvi is smiling

Bharat Agrawal -
BJP ministers have been told to keep handy a list of their ministries' work. Used to praising Modi, they are worried what they will say if the PM asks them about their work.
A store advertises the use of the Google Pay digital payment system in Mumbai

India must re-think the zero-charge regime for digital transactions. Try this tiered approach

Putin denounces 'inhuman terrorist attack' at Russian school: Kremlin

Winter is coming—the most dangerous phase of Russia-Ukraine conflict

Economy

The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad | Reuters file photo

From ports to energy transition — Adani Group to invest over $100 billion in next decade

Krishna N Das -
Speaking at Forbes Global CEO Conference in Singapore, Adani said the group intends to do more as a solar player & has earmarked 70% of the investment for the energy transition space.

Defence

Parts of Iranian made 'suicide' drone Shahed-136 after being shot down by the Ukrainian military | Reuters

All about Shahed-136, Iran’s ‘kamikaze’ drone that Russia is using to strike Ukraine

Suchet Vir Singh -
Over the past few days, Russia has hit multiple targets using these Iranian-supplied drones—including civilian structures and amenities—leading to the death of several Ukrainians.

National Interest

Illustration by Soham Sen | ThePrint

AAP’s filling a big vacuum in Indian politics. Question is how long it can sustain without ideology

Shekhar Gupta -
If you find admiration for AAP qualified, if not muted among many of the Modi-BJP’s critics, it is because they question it for its lack of ideological clarity. Especially on secularism.

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