Tuesday, 17 May, 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

Pakistan Prime Minister-elect Shehbaz Sharif on 7 April | Photographer: Aamir Qureshi/AFP/Getty Images via Bloomberg

The four-point plan to revive Pakistan’s economy—from land reform to real estate

Aasim Sajjad Akhtar -
Pakistan must reduce non-productive expenditures like defence. The country's political economy has been overdetermined by the imperative of 'national security'.
Zoya Akhtar's 'The Archies' screengrab from the trailer | YouTube

Zoya Akhtar’s films on rich people appealed to the masses. ‘The Archies’ does not

Google search homepage | Photographer: David Gray | Bloomberg

Auction for your eyeballs: Google is sharing our personal data at a staggering scale

Economy

Bad timing could hamper LIC IPO

Nupur Acharya -
Most early public enterprise IPOs have been trading 75% below their original price, small investors concerned.

Defence

Representational image of army personnel in Ladakh | ANI

India ‘doesn’t foresee’ border fighting with China, but ‘won’t back down’ if tensions reignite

Snehesh Alex Philip -
Aim is to ensure not just disengagement of troops, but overall de-escalation. Govt in favour of solving tensions through talks as it wants peace with all neighbours including China.

National Interest

How Congress is like the Ambassador & why Indian politics needs a brand new set of wheels

Shekhar Gupta -
Like the car, nothing the party has done to reinvent itself has worked. Only way forward is to offer something looking towards the future, not in image of glorious past.

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