ICICI Lombard and Mobikwik has announced a partnership to avail cyber-insurance cover of Rs 50,000 crore to defend against online frauds. This partnership aims to provide protection against...
The State Bank of India (SBI), ICICI Bank and HDFC Bank would have to comply with additional capital requirement norms by 1st April 2019 as the banks continue...
The Reserve Bank of India (RBI) has announced that SBI, ICICI and HDFC Banks would continue as Domestic Systemically Important Banks (D-SIBs) for 2018. D-SIBs The recognition as...
HDFC Mutual Fund has surpassed ICICI Prudential MF to become the India’s largest Asset Management Company (AMC). As per the latest data available with Association of Mutual funds...
On 2nd January 2019, the Union Cabinet approved the merger of Vijaya Bank and Dena Bank with Bank of Baroda (BoB). With the merger, BoB will become the...
Development Finance Institutions (DFIs) are specialized financial institutions set up to provide long-term financing or other financial support to sectors that are crucial for economic development but may...
Nimesh Shah, the MD & CEO of ICICI Prudential Mutual Fund, has been elected as new Chairman of Association of Mutual Funds in India (AMFI). He succeeded A...
The ICICI Bank was originally established by ICICI Limited as a wholly owned subsidiary in 1994. Though, Industrial Credit and Investment Corporation of India (ICICI) was formed in...
The Hindustan Aeronautics Limited (HAL) has become the first Public Sector Unit (PSU) to make a transaction on the “TReDS platform”. The transaction was financed by Bank of...
Radhakrishnan Nair, the former IRDAI member, has been appointed to ICICI Bank’s board as an Additional (Independent) Director. His appointment will be for a period of five years...
India’s largest private sector lender ICICI Bank became first Indian bank to go live on SWIFT’s (Society for World Interbank Financial Telecommunication System) Global Payment Innovation (GPI), an...
The ICICI Bank has launched instant overdraft ‘InstaOD’ facility for Micro, Small and Medium Enterprises (MSME) in a completely online and paperless manner. Customers can get overdraft facility...
