ICICI Bank
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- Moody’s assigned a Baa3 rating to ICICI Bank’s USD 750 million Senior Unsecured Fixed Rate Notes on Aug. 18, 2026.
- S&P Global Ratings assigned a BBB rating to the Notes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: GZ3OZMJ2H0VMS4QC) on August 18, 2026, and is solely responsible for the information contained therein.
- Moody’s assigned a Baa3 rating to ICICI Bank’s USD 750 million Senior Unsecured Fixed Rate Notes on Aug. 18, 2026.
- S&P Global Ratings assigned a BBB rating to the Notes.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: GZ3OZMJ2H0VMS4QC) on August 18, 2026, and is solely responsible for the information contained therein.
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, Aug 17 (Reuters) - Indian lenders are rushing dollar loan and bond issues over the next two weeks after the central bank unexpectedly advanced the end date for an FX swap facility that banks were using for hedging exposure to deposits raised from diaspora.
As part of a raft of measures to boost inflows, lenders were permitted to use these overseas borrowings to offer loans to non-resident Indians. Banks' overseas fundraising had also been subsidised.
Now, with the Reserve Bank of India announcing the closure of the forex swap window for August 31, a month earlier than initially planned, Indian private and state-run banks are on track to raise at least $5 billion through a combination of bonds and loans, four bankers said.
"Some of the fund raising plans have been brought forward to utilize the last few days," Akshay Naik, India head of debt capital markets at Citi, said.
"We will have one of the busiest windows for the next 6-8 days from India. Few institutions who are not ready may need to drop their plan if it was solely meant for FCNR leverage."
Large private-sector lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS are in talks to raise about $1.5 billion each via dollar bonds and loans, while peers including Axis Bank AXBK.NS, YES Bank YESB.NS, RBL Bank RATB.NS and Kotak Mahindra Bank KTKM.NS are planning to raise at least $500 million each through overseas debt markets, bankers said.
State-run lenders State Bank of India SBI.NS, Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS, Union Bank of India UNBK.NS, Bank of India BOI.NS and Central Bank of India CBI.NS are targeting dollar raises of $250 million to $500 million each, with the larger banks likely to target bigger issues, the bankers said.
None of the lenders replied to Reuters emails seeking comment.
All the bankers declined to be named as the discussions are private.
BANKS ON TRACK FOR RECORD DOLLAR FUNDRAISING
Indian lenders have raised a combined $5.93 billion through dollar bond sales and loans so far this year, according to LSEG data through August 11.
The tally has climbed by another $1.2 billion, following debt sales by two large state-run lenders last week.
Over the last 15 years, banks' annual foreign borrowing topped $6 billion on three occasions, including in 2013, when the RBI had opened a swap window.
"Would expect $5-7 billion of additional bond and loan issuances for the remainder of year," Naik said.
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
By Dharamraj Dhutia and Khushi Malhotra
MUMBAI, Aug 17 (Reuters) - Indian lenders are rushing dollar loan and bond issues over the next two weeks after the central bank unexpectedly advanced the end date for an FX swap facility that banks were using for hedging exposure to deposits raised from diaspora.
As part of a raft of measures to boost inflows, lenders were permitted to use these overseas borrowings to offer loans to non-resident Indians. Banks' overseas fundraising had also been subsidised.
Now, with the Reserve Bank of India announcing the closure of the forex swap window for August 31, a month earlier than initially planned, Indian private and state-run banks are on track to raise at least $5 billion through a combination of bonds and loans, four bankers said.
"Some of the fund raising plans have been brought forward to utilize the last few days," Akshay Naik, India head of debt capital markets at Citi, said.
"We will have one of the busiest windows for the next 6-8 days from India. Few institutions who are not ready may need to drop their plan if it was solely meant for FCNR leverage."
Large private-sector lenders such as ICICI Bank ICBK.NS and HDFC Bank HDBK.NS are in talks to raise about $1.5 billion each via dollar bonds and loans, while peers including Axis Bank AXBK.NS, YES Bank YESB.NS, RBL Bank RATB.NS and Kotak Mahindra Bank KTKM.NS are planning to raise at least $500 million each through overseas debt markets, bankers said.
State-run lenders State Bank of India SBI.NS, Bank of Baroda BOB.NS, Punjab National Bank PNBK.NS, Canara Bank CNBK.NS, Union Bank of India UNBK.NS, Bank of India BOI.NS and Central Bank of India CBI.NS are targeting dollar raises of $250 million to $500 million each, with the larger banks likely to target bigger issues, the bankers said.
None of the lenders replied to Reuters emails seeking comment.
All the bankers declined to be named as the discussions are private.
BANKS ON TRACK FOR RECORD DOLLAR FUNDRAISING
Indian lenders have raised a combined $5.93 billion through dollar bond sales and loans so far this year, according to LSEG data through August 11.
The tally has climbed by another $1.2 billion, following debt sales by two large state-run lenders last week.
Over the last 15 years, banks' annual foreign borrowing topped $6 billion on three occasions, including in 2013, when the RBI had opened a swap window.
"Would expect $5-7 billion of additional bond and loan issuances for the remainder of year," Naik said.
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Mrigank Dhaniwala)
-- Source link: https://tinyurl.com/426rtub4
-- Note: Reuters has not verified this story and does not vouch for its accuracy
-- Source link: https://tinyurl.com/426rtub4
-- Note: Reuters has not verified this story and does not vouch for its accuracy
Aug 13 (Reuters) - ICICI Bank Limited ICBK.NS:
ICICI BANK - COMPLETES USD 300 MILLION SENIOR UNSECURED FIXED RATE NOTES ISSUANCE
Source text: ID:nBSE5NNzpk
Further company coverage: ICBK.NS
(([email protected];;))
Aug 13 (Reuters) - ICICI Bank Limited ICBK.NS:
ICICI BANK - COMPLETES USD 300 MILLION SENIOR UNSECURED FIXED RATE NOTES ISSUANCE
Source text: ID:nBSE5NNzpk
Further company coverage: ICBK.NS
(([email protected];;))
By Dharamraj Dhutia
MUMBAI, Aug 12 (Reuters) - State Bank of India SBI.NS, the country's largest lender, drew strong demand in its return to the public dollar bond market after nearly a year, with pricing tightening sharply from initial guidance, three merchant bankers said on Wednesday.
SBI raised $500 million through a five-year dollar bond issued via its London branch, the lender said in a stock exchange filing late on Tuesday.
These bonds will be priced at a spread of 88 basis points over U.S. Treasuries, sharply below initial guidance of 120 bps. The notes carry a coupon of 5.25%, payable semi-annually.
The final spread was broadly in line with CreditSights' expectation of 90 basis points, although the research firm expects it to tighten further to around 80 basis points in the secondary market.
Spreads on dollar bonds issued by Indian borrowers have widened in recent weeks on expectations of heavy supply following the Reserve Bank of India's swap concession window, while demand has been tempered by attractive rates on foreign-currency deposits.
"As we had anticipated, some of this spread premium has begun to fade as supply is absorbed... We have an outperform recommendation on SBI," CreditSights analysts said in a note.
The lender witnessed tightest pricing, after ICICI Bank sold notes at 100 bps, while HDFC Bank sold notes at a spread of 90 bps over Treasuries.
SBI had planned to raise $1 billion through a public dollar bond issue in June, but deferred the sale due to higher borrowing costs following heavy issuance by Indian lenders.
The bank subsequently raised $600 million through a private placement of three-year dollar bonds at a spread of 100 basis points over the Secured Overnight Financing Rate (SOFR).
The issue comes at a time when Indian banks are making a beeline for dollar issues after the RBI's swap facility announced in June made overseas borrowing cheaper.
Large private lenders, including HDFC Bank, Axis Bank and ICICI Bank have raised funds through dollar bonds in June and July.
Meanwhile, bankers expect SBI to tap the market again in a few weeks for raising dollars, as the board has approved raising of up to $2 billion through bonds sold in dollar or any other major currency in this financial year.
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, Aug 12 (Reuters) - State Bank of India SBI.NS, the country's largest lender, drew strong demand in its return to the public dollar bond market after nearly a year, with pricing tightening sharply from initial guidance, three merchant bankers said on Wednesday.
SBI raised $500 million through a five-year dollar bond issued via its London branch, the lender said in a stock exchange filing late on Tuesday.
These bonds will be priced at a spread of 88 basis points over U.S. Treasuries, sharply below initial guidance of 120 bps. The notes carry a coupon of 5.25%, payable semi-annually.
The final spread was broadly in line with CreditSights' expectation of 90 basis points, although the research firm expects it to tighten further to around 80 basis points in the secondary market.
Spreads on dollar bonds issued by Indian borrowers have widened in recent weeks on expectations of heavy supply following the Reserve Bank of India's swap concession window, while demand has been tempered by attractive rates on foreign-currency deposits.
"As we had anticipated, some of this spread premium has begun to fade as supply is absorbed... We have an outperform recommendation on SBI," CreditSights analysts said in a note.
The lender witnessed tightest pricing, after ICICI Bank sold notes at 100 bps, while HDFC Bank sold notes at a spread of 90 bps over Treasuries.
SBI had planned to raise $1 billion through a public dollar bond issue in June, but deferred the sale due to higher borrowing costs following heavy issuance by Indian lenders.
The bank subsequently raised $600 million through a private placement of three-year dollar bonds at a spread of 100 basis points over the Secured Overnight Financing Rate (SOFR).
The issue comes at a time when Indian banks are making a beeline for dollar issues after the RBI's swap facility announced in June made overseas borrowing cheaper.
Large private lenders, including HDFC Bank, Axis Bank and ICICI Bank have raised funds through dollar bonds in June and July.
Meanwhile, bankers expect SBI to tap the market again in a few weeks for raising dollars, as the board has approved raising of up to $2 billion through bonds sold in dollar or any other major currency in this financial year.
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
(([email protected];))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Aug 11 (Reuters Breakingviews) - That Indian banks would sport higher book value multiples than their Western peers used to be almost as reliable as the sun coming up in the morning. Even after a lending crisis last decade, the country retained the lead, with $118 billion HDFC Bank HDBK.NS often at the front. Not any longer. A resurgence of players like HSBC HSBA.L and JPMorgan JPM.N as well as the rise of India’s capital markets have both landed blows on the sector. In HDFC’s case, its own governance and margin woes have completed a triple whammy.
The Mumbai-based bank run by Sashidhar Jagdishan currently trades at less than 2 times its estimated book value 12 months from now, per LSEG data. A few years ago, most developed-market peers could only dream of such a level. Now, thanks to resurgent earnings and, in the U.S. at least, a regulatory proposal to cut capital requirements, they sport book multiples most have not worn since the 2008 financial crisis. JPMorgan’s, for example, is now at 2.5 times; the new king of the metric is $206 billion Commonwealth Bank of Australia CBA.AX at 3.7 times.
Meanwhile, many Indian banks are struggling to hoover up low-cost deposits as savers look for higher yields in the stock market. That’s hurting net interest margins, with HDFC’s and Axis Bank's expected to fall again this financial year, per estimates collated by Visible Alpha. Industry-wide bank deposits dropped to around one-third of household financial savings in the 13 years to the end of March 2025, while equity and mutual funds grew sevenfold to over 15%, government data show.
HDFC, though, has also shot itself in the foot. In 2020 the Reserve Bank of India barred it from issuing new credit cards after recurring online shutdowns. A 2023 merger with its mortgage-lender parent failed to live up to its promise. In March its chair resigned citing ethical differences with management. Last month the board fined top executives including Jagdishan for improprieties in deposit pricing while exonerating their actions as "business overreach". The successive crises reflect poorly on Aditya Puri, HDFC's Managing Director and CEO from its inception in 1994 until 2020.
It’s not alone. The $41 billion Kotak Mahindra Bank KTKM.NS trades at 2.5 times forward book value that’s half its 2019 peak, having been beset by a poorly handled leadership transition and business restrictions akin to HDFC's.
Lifting those curbs has done little for either firm’s valuation. Not all the country’s lenders are suffering from valuation blues: $107 billion ICICI Bank ICBK.NS has undergone a successful turnaround and trades at nearly 3 times book. But HDFC’s path back to the top has too many obstacles.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
HDFC Bank on July 27 said it would issue warning letters and impose a penalty of 100,000 rupees ($1,045.51) each on CEO Sashidhar Jagdishan, its chief financial officer and its head of retail assets for their role in offering preferential deposit rates to a state agency.
The bank's board concluded that its executives involved in setting deposit rates for the agency had engaged in business overreach, rather than acting for personal gain.
(Editing by Antony Currie; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own.
By Shritama Bose
MUMBAI, Aug 11 (Reuters Breakingviews) - That Indian banks would sport higher book value multiples than their Western peers used to be almost as reliable as the sun coming up in the morning. Even after a lending crisis last decade, the country retained the lead, with $118 billion HDFC Bank HDBK.NS often at the front. Not any longer. A resurgence of players like HSBC HSBA.L and JPMorgan JPM.N as well as the rise of India’s capital markets have both landed blows on the sector. In HDFC’s case, its own governance and margin woes have completed a triple whammy.
The Mumbai-based bank run by Sashidhar Jagdishan currently trades at less than 2 times its estimated book value 12 months from now, per LSEG data. A few years ago, most developed-market peers could only dream of such a level. Now, thanks to resurgent earnings and, in the U.S. at least, a regulatory proposal to cut capital requirements, they sport book multiples most have not worn since the 2008 financial crisis. JPMorgan’s, for example, is now at 2.5 times; the new king of the metric is $206 billion Commonwealth Bank of Australia CBA.AX at 3.7 times.
Meanwhile, many Indian banks are struggling to hoover up low-cost deposits as savers look for higher yields in the stock market. That’s hurting net interest margins, with HDFC’s and Axis Bank's expected to fall again this financial year, per estimates collated by Visible Alpha. Industry-wide bank deposits dropped to around one-third of household financial savings in the 13 years to the end of March 2025, while equity and mutual funds grew sevenfold to over 15%, government data show.
HDFC, though, has also shot itself in the foot. In 2020 the Reserve Bank of India barred it from issuing new credit cards after recurring online shutdowns. A 2023 merger with its mortgage-lender parent failed to live up to its promise. In March its chair resigned citing ethical differences with management. Last month the board fined top executives including Jagdishan for improprieties in deposit pricing while exonerating their actions as "business overreach". The successive crises reflect poorly on Aditya Puri, HDFC's Managing Director and CEO from its inception in 1994 until 2020.
It’s not alone. The $41 billion Kotak Mahindra Bank KTKM.NS trades at 2.5 times forward book value that’s half its 2019 peak, having been beset by a poorly handled leadership transition and business restrictions akin to HDFC's.
Lifting those curbs has done little for either firm’s valuation. Not all the country’s lenders are suffering from valuation blues: $107 billion ICICI Bank ICBK.NS has undergone a successful turnaround and trades at nearly 3 times book. But HDFC’s path back to the top has too many obstacles.
Follow Shritama Bose on LinkedIn and X.
CONTEXT NEWS
HDFC Bank on July 27 said it would issue warning letters and impose a penalty of 100,000 rupees ($1,045.51) each on CEO Sashidhar Jagdishan, its chief financial officer and its head of retail assets for their role in offering preferential deposit rates to a state agency.
The bank's board concluded that its executives involved in setting deposit rates for the agency had engaged in business overreach, rather than acting for personal gain.
(Editing by Antony Currie; Production by Aditya Srivastav)
((For previous columns by the author, Reuters customers can click on BOSE/[email protected]))
By Dharamraj Dhutia
MUMBAI, Aug 7 (Reuters) - Two Indian private sector lenders have tapped U.S. dollar denominated debt market for the second time in less than two months, to raise $300 million each, two merchant bankers said on Friday.
Here are a few details of the issues:
ICICI Bank ICBK.NS will issue five-year bonds at a coupon of 5.3520%, payable semi-annually
Axis Bank AXBK.NS will raise these funds through reissue of its 5.3480% June 2031 bonds, which will take the outstanding issuance to $600 million
Both the debt placements will close for subscription next week and will be placed privately
Last month, ICICI Bank raised $1 billion through five-year bonds at a coupon of 5.46%, in what was the largest such issue by an Indian lender in nearly 14 years
In June, Axis Bank had raised $800 million through a dual-tranche debt issuance, which included the primary sale of the five-year papers and $500 million of perpetual notes at a 6.875% annual coupon, payable semi-annually
The notes will be listed on the India International Exchange IFSC and NSE IFSC
The bonds are being issued under the Reserve Bank of India's lower-cost hedging facility that allows eligible external commercial borrowings by banks and state-owned companies to be hedged at a fixed rate of 1.5% per annum, compounded semi-annually, and lowers overall cost of borrowing
(Reporting by Dharamraj Dhutia)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, Aug 7 (Reuters) - Two Indian private sector lenders have tapped U.S. dollar denominated debt market for the second time in less than two months, to raise $300 million each, two merchant bankers said on Friday.
Here are a few details of the issues:
ICICI Bank ICBK.NS will issue five-year bonds at a coupon of 5.3520%, payable semi-annually
Axis Bank AXBK.NS will raise these funds through reissue of its 5.3480% June 2031 bonds, which will take the outstanding issuance to $600 million
Both the debt placements will close for subscription next week and will be placed privately
Last month, ICICI Bank raised $1 billion through five-year bonds at a coupon of 5.46%, in what was the largest such issue by an Indian lender in nearly 14 years
In June, Axis Bank had raised $800 million through a dual-tranche debt issuance, which included the primary sale of the five-year papers and $500 million of perpetual notes at a 6.875% annual coupon, payable semi-annually
The notes will be listed on the India International Exchange IFSC and NSE IFSC
The bonds are being issued under the Reserve Bank of India's lower-cost hedging facility that allows eligible external commercial borrowings by banks and state-owned companies to be hedged at a fixed rate of 1.5% per annum, compounded semi-annually, and lowers overall cost of borrowing
(Reporting by Dharamraj Dhutia)
(([email protected];))
By Vivek Kumar M
Aug 5 (Reuters) - India's benchmark Nifty 50 .NSEI has swung sharply following the launch of a new method for calculating closing prices for stocks with derivatives contracts.
The volatility triggered a rare divergence with the BSE Sensex .BSESN for a third straight session on Wednesday and led to heavy losses for traders.
The Nifty 50 is a 50-stock blue-chip index, with HDFC Bank HDBK.NS, ICICI Bank ICBK.NS and Reliance Industries RELI.NS accounting for more than 27% of its weight. The Sensex comprises 30 stocks, all of which are also part of the Nifty 50.
WHAT IS THE NEW METHOD TO DETERMINE CLOSING PRICE?
India on Monday introduced the Closing Auction Session (CAS), a separate 20-minute window that begins at 3:15 p.m. IST after regular trading ends in eligible stocks.
During this window, exchanges collect buy and sell orders. Order entry closes at a random time between 3:28 p.m. and 3:30 p.m. IST, after which trades are matched to determine the closing price at which the maximum volume can be executed.
The new system replaces an earlier method under which closing prices were based on the average price of trades executed in the final 30 minutes of continuous trading. Stocks without futures and options contracts continue to use the old method.
WHY HAS THE NEW METHOD TRIGGERED DIVERGENCES BETWEEN THE NIFTY AND THE SENSEX?
The National Stock Exchange of India said the two bourses maintain separate order books, which means individual stock prices can differ between exchanges, leading to a divergence in indexes closing levels.
In regular trading, dealers have access to bid and offer prices, while the new mechanism does not offer that visibility in the last 20 minutes of trading.
The divergence could also stem from the varying weightages of individual stocks across the two indexes, with the NSE drawing substantially higher institutional volume in the cash market than BSE.
WHY WAS CAS INTRODUCED?
The new process, which brings India closer to how global markets operate, was introduced to provide a fair and transparent closing price, and improve the efficiency of execution for large orders.
WHAT HAPPENED ON TUESDAY
The sharp jump in the Nifty 50 at Tuesday's close, coinciding with the expiry of its weekly derivatives contracts, caused sudden swings in options premiums.
The move left some traders nursing losses, with several saying the 20-minute closing auction gave them little visibility on where the Nifty 50 would settle.
WHEN WILL THE DIVERGENCES IN INDEX CLOSE PRICES END?
Market participants expect the gap to narrow as more traders and institutions participate. Kotak Mutual Fund said in a note to investors that it expects pricing inefficiencies to ease as the market adjusts to the new system.
"While the initial days may witness valuation volatility and temporary price dislocations, we expect market behaviour to normalize over time as participants adapt to the new framework," it said.
Reuters reported on Wednesday that the regulator was unlikely to review the system immediately and expects issues to settle soon.
WINNERS AND LOSERS
Arbitrage funds, which hold positions in both the cash and futures markets, were among the biggest beneficiaries of the unexpected jump in closing prices.
As cash market prices surged while futures prices lagged, a clear arbitrage opportunity emerged.
Many retail traders, meanwhile, were caught off guard by the sharp price swings and incurred losses.
(Reporting by Vivek Kumar M; Editing by Jayshree P Upadhyay and Nivedita Bhattacharjee)
(([email protected];))
By Vivek Kumar M
Aug 5 (Reuters) - India's benchmark Nifty 50 .NSEI has swung sharply following the launch of a new method for calculating closing prices for stocks with derivatives contracts.
The volatility triggered a rare divergence with the BSE Sensex .BSESN for a third straight session on Wednesday and led to heavy losses for traders.
The Nifty 50 is a 50-stock blue-chip index, with HDFC Bank HDBK.NS, ICICI Bank ICBK.NS and Reliance Industries RELI.NS accounting for more than 27% of its weight. The Sensex comprises 30 stocks, all of which are also part of the Nifty 50.
WHAT IS THE NEW METHOD TO DETERMINE CLOSING PRICE?
India on Monday introduced the Closing Auction Session (CAS), a separate 20-minute window that begins at 3:15 p.m. IST after regular trading ends in eligible stocks.
During this window, exchanges collect buy and sell orders. Order entry closes at a random time between 3:28 p.m. and 3:30 p.m. IST, after which trades are matched to determine the closing price at which the maximum volume can be executed.
The new system replaces an earlier method under which closing prices were based on the average price of trades executed in the final 30 minutes of continuous trading. Stocks without futures and options contracts continue to use the old method.
WHY HAS THE NEW METHOD TRIGGERED DIVERGENCES BETWEEN THE NIFTY AND THE SENSEX?
The National Stock Exchange of India said the two bourses maintain separate order books, which means individual stock prices can differ between exchanges, leading to a divergence in indexes closing levels.
In regular trading, dealers have access to bid and offer prices, while the new mechanism does not offer that visibility in the last 20 minutes of trading.
The divergence could also stem from the varying weightages of individual stocks across the two indexes, with the NSE drawing substantially higher institutional volume in the cash market than BSE.
WHY WAS CAS INTRODUCED?
The new process, which brings India closer to how global markets operate, was introduced to provide a fair and transparent closing price, and improve the efficiency of execution for large orders.
WHAT HAPPENED ON TUESDAY
The sharp jump in the Nifty 50 at Tuesday's close, coinciding with the expiry of its weekly derivatives contracts, caused sudden swings in options premiums.
The move left some traders nursing losses, with several saying the 20-minute closing auction gave them little visibility on where the Nifty 50 would settle.
WHEN WILL THE DIVERGENCES IN INDEX CLOSE PRICES END?
Market participants expect the gap to narrow as more traders and institutions participate. Kotak Mutual Fund said in a note to investors that it expects pricing inefficiencies to ease as the market adjusts to the new system.
"While the initial days may witness valuation volatility and temporary price dislocations, we expect market behaviour to normalize over time as participants adapt to the new framework," it said.
Reuters reported on Wednesday that the regulator was unlikely to review the system immediately and expects issues to settle soon.
WINNERS AND LOSERS
Arbitrage funds, which hold positions in both the cash and futures markets, were among the biggest beneficiaries of the unexpected jump in closing prices.
As cash market prices surged while futures prices lagged, a clear arbitrage opportunity emerged.
Many retail traders, meanwhile, were caught off guard by the sharp price swings and incurred losses.
(Reporting by Vivek Kumar M; Editing by Jayshree P Upadhyay and Nivedita Bhattacharjee)
(([email protected];))
- ICICI Bank secured central bank clearance to reappoint Ajay Kumar Gupta as executive director for a two-year term starting Nov. 27, 2026.
- The term runs through Nov. 26, 2028.
- Shareholders will vote on the reappointment at the Aug. 21, 2026 annual general meeting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-26-011601), on August 03, 2026, and is solely responsible for the information contained therein.
- ICICI Bank secured central bank clearance to reappoint Ajay Kumar Gupta as executive director for a two-year term starting Nov. 27, 2026.
- The term runs through Nov. 26, 2028.
- Shareholders will vote on the reappointment at the Aug. 21, 2026 annual general meeting.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0000950103-26-011601), on August 03, 2026, and is solely responsible for the information contained therein.
July 30 (Reuters) - ICICI Bank Ltd ICBK.NS:
ICICI BANK - COMPLETES USD 1 BILLION SENIOR UNSECURED FIXED RATE NOTES ISSUANCE
Source text: ID:nBSE7CDv6M
Further company coverage: ICBK.NS
(([email protected];;))
July 30 (Reuters) - ICICI Bank Ltd ICBK.NS:
ICICI BANK - COMPLETES USD 1 BILLION SENIOR UNSECURED FIXED RATE NOTES ISSUANCE
Source text: ID:nBSE7CDv6M
Further company coverage: ICBK.NS
(([email protected];;))
By Dharamraj Dhutia
MUMBAI, July 24 (Reuters) - India's ICICI Bank ICBK.NS has priced a $1 billion five-year dollar bond at a much tighter spread than initially indicated, in the largest such issue by an Indian lender in nearly 14 years, three bankers said.
The bank set the coupon at 100 basis points over U.S. Treasuries, sharply lower the initial guidance of 130 basis points, for its first dollar debt sale in nearly nine years. The coupon works out to be 5.46%.
The offering attracted $3 billion in bids against a base issue size of $500 million, the bankers said, speaking on condition of anonymity because they were not authorised to speak to the media.
ICICI Bank did not immediately respond to a Reuters request for comment.
The deal is the largest dollar bond sale by an Indian private-sector bank, and the second biggest by any local lender since State Bank of India's $1.25 billion five-year issue in January 2013.
The private bank becomes the latest to leverage the central bank's lower-cost hedging facility, after the Reserve Bank of India last month introduced a swap facility allowing eligible external commercial borrowings by banks and state-owned companies to be hedged at a fixed rate of 1.5% per annum, compounded semi-annually.
The measure significantly lowers hedging costs, making overseas dollar fundraising more attractive.
CreditSights had projected the bond to be priced at a spread of 95-100 bps, but places the fair value at 85 bps.
Analysts Lim Ze Hao and Pramod Shenoi said ICICI Bank's bonds were fairly valued at broadly flat to HDFC Bank's debt and around 10 bps tighter than State Bank of India's four-year dollar bonds after accounting for duration premium.
In June, HDFC Bank had raised $750 million through a five-year dollar debt sale at a spread of 92 bps over Treasuries. In the secondary market, it was traded at a spread of 94 bps.
Another private sector peer Axis Bank had raised an aggregate of $800 million through a dual-tranche dollar bond issue in June.
The proceeds from ICICI Bank's issue will be used for general corporate purposes. The bonds are expected to be rated "Baa3" by Moody's and "BBB" by S&P Global, in line with the issuer.
In December 2017, ICICI Bank had raised $500 million through 10-year bonds at a coupon of 3.80%.
CreditSights has also upgraded its recommendation on these bonds to "outperform" from "market perform" earlier.
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, July 24 (Reuters) - India's ICICI Bank ICBK.NS has priced a $1 billion five-year dollar bond at a much tighter spread than initially indicated, in the largest such issue by an Indian lender in nearly 14 years, three bankers said.
The bank set the coupon at 100 basis points over U.S. Treasuries, sharply lower the initial guidance of 130 basis points, for its first dollar debt sale in nearly nine years. The coupon works out to be 5.46%.
The offering attracted $3 billion in bids against a base issue size of $500 million, the bankers said, speaking on condition of anonymity because they were not authorised to speak to the media.
ICICI Bank did not immediately respond to a Reuters request for comment.
The deal is the largest dollar bond sale by an Indian private-sector bank, and the second biggest by any local lender since State Bank of India's $1.25 billion five-year issue in January 2013.
The private bank becomes the latest to leverage the central bank's lower-cost hedging facility, after the Reserve Bank of India last month introduced a swap facility allowing eligible external commercial borrowings by banks and state-owned companies to be hedged at a fixed rate of 1.5% per annum, compounded semi-annually.
The measure significantly lowers hedging costs, making overseas dollar fundraising more attractive.
CreditSights had projected the bond to be priced at a spread of 95-100 bps, but places the fair value at 85 bps.
Analysts Lim Ze Hao and Pramod Shenoi said ICICI Bank's bonds were fairly valued at broadly flat to HDFC Bank's debt and around 10 bps tighter than State Bank of India's four-year dollar bonds after accounting for duration premium.
In June, HDFC Bank had raised $750 million through a five-year dollar debt sale at a spread of 92 bps over Treasuries. In the secondary market, it was traded at a spread of 94 bps.
Another private sector peer Axis Bank had raised an aggregate of $800 million through a dual-tranche dollar bond issue in June.
The proceeds from ICICI Bank's issue will be used for general corporate purposes. The bonds are expected to be rated "Baa3" by Moody's and "BBB" by S&P Global, in line with the issuer.
In December 2017, ICICI Bank had raised $500 million through 10-year bonds at a coupon of 3.80%.
CreditSights has also upgraded its recommendation on these bonds to "outperform" from "market perform" earlier.
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
(([email protected];))
- ICICI Bank released transcripts of a media call, attended by the Executive Director and Group CFO, on results for the quarter ended June 30, 2026.
- Management flagged Q1 net interest margin of 4.36% as boosted by tax-refund interest; FY27 margin seen range-bound if rates stay unchanged.
- FCNR(B) deposit program expected to be slightly NIM-dilutive; leverage to diaspora customers set case-by-case; no mobilization target disclosed.
- Gross NPA additions rose sequentially to INR 5,552 crore, driven by seasonal Kisan Credit Card slippages; corporate saw virtually no new NPL formation.
- Loan growth reflected higher working-capital demand; management cited moderation in bond and equity markets as supporting corporate lending opportunities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: LK8ANDJ5K56NDZ3J) on July 23, 2026, and is solely responsible for the information contained therein.
- ICICI Bank released transcripts of a media call, attended by the Executive Director and Group CFO, on results for the quarter ended June 30, 2026.
- Management flagged Q1 net interest margin of 4.36% as boosted by tax-refund interest; FY27 margin seen range-bound if rates stay unchanged.
- FCNR(B) deposit program expected to be slightly NIM-dilutive; leverage to diaspora customers set case-by-case; no mobilization target disclosed.
- Gross NPA additions rose sequentially to INR 5,552 crore, driven by seasonal Kisan Credit Card slippages; corporate saw virtually no new NPL formation.
- Loan growth reflected higher working-capital demand; management cited moderation in bond and equity markets as supporting corporate lending opportunities.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: LK8ANDJ5K56NDZ3J) on July 23, 2026, and is solely responsible for the information contained therein.
- ICICI Bank published an investor presentation for debt market investor meetings scheduled for July 22-23, 2026; posted at https://www.icici.bank.in/about-us/investor.
- Q1-2027 profit after tax INR 148.05 billion (USD 1.56 billion), up 15.9% year over year; return on average assets 2.49%.
- Period-end total deposits USD 193.3 billion (INR 18,335.86 billion), up 14% year over year; CASA ratio 39.5%.
- Total advances USD 172 billion (INR 16,312.6 billion) as of June 30, 2026, up 19.6% year over year; GNPA 1.4% in Q1-2027.
- Total capital adequacy ratio 16.84% as of June 30, 2026; CET1 ratio 16.19%; net worth USD 37.2 billion (INR 3,534.91 billion).
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: KHP0458UTXTGMJNJ) on July 22, 2026, and is solely responsible for the information contained therein.
- ICICI Bank published an investor presentation for debt market investor meetings scheduled for July 22-23, 2026; posted at https://www.icici.bank.in/about-us/investor.
- Q1-2027 profit after tax INR 148.05 billion (USD 1.56 billion), up 15.9% year over year; return on average assets 2.49%.
- Period-end total deposits USD 193.3 billion (INR 18,335.86 billion), up 14% year over year; CASA ratio 39.5%.
- Total advances USD 172 billion (INR 16,312.6 billion) as of June 30, 2026, up 19.6% year over year; GNPA 1.4% in Q1-2027.
- Total capital adequacy ratio 16.84% as of June 30, 2026; CET1 ratio 16.19%; net worth USD 37.2 billion (INR 3,534.91 billion).
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: KHP0458UTXTGMJNJ) on July 22, 2026, and is solely responsible for the information contained therein.
SBI Funds valued at nearly $13 billion after listing
Company's $1.03 billion IPO drew $31 billion in bids
Listing kicks off a busier second half for large IPOs
Updates with closing levels
By Vivek Kumar M
July 21 (Reuters) - SBI Funds Management SBIA.NS ended 6.2% higher in its stock market debut on Tuesday, valuing the firm at nearly $13 billion, as investors bet on growth in the country's $853 billion asset management industry.
Shares of India's largest asset manager closed at 609.75 rupees, valuing the firm at 1.24 trillion rupees ($12.89 billion) and making it the country's second-most valuable listed fund manager.
Peers ICICI Prudential Asset Management Company IICL.NS and HDFC Asset Management Company HDFA.NS were valued at 1.56 trillion rupees and 1.11 trillion rupees, respectively.
SBI Funds, a joint venture between State Bank of India SBI.NS, the country's largest lender, and Amundi AMUN.PA, Europe's biggest asset manager, oversaw assets worth 12.5 trillion rupees as of March 2026.
SBI Funds' $1.03 billion IPO, India's biggest so far this year, attracted about $31 billion of bids last week, including $278.5 million from anchor investors such as BlackRock and sovereign wealth funds from Singapore, Abu Dhabi and Norway.
Amundi CEO Valerie Baudson said the European firm will remain a long-term shareholder of SBI Funds.
The listing marks the start of a busier second half for large IPOs in India's primary market after the activity slowed due to a surge in crude prices linked to the Iran conflict.
SBI Funds listed short of expectations as analysts had estimated debut gains of 12% to 13%.
India's Nifty 50 .NSEI fell 0.2% on Tuesday, weighed down by firmer crude oil prices as the Gulf conflict escalated.
Analysts led by Emkay Global Financial Services' Avinash Singh said India's growing middle class was embracing mutual funds, positioning SBI AMC to expand its dominance in the sector.
India has seen IPOs worth about $5 billion so far in 2026, below a record $21.8 billion last year, LSEG-compiled data showed.
Some 251 companies, including Reliance Jio and the National Stock Exchange of India, are in the IPO pipeline, seeking to raise 4.93 trillion rupees, according to capital market data provider PRIME Database.
($1 = 96.2350 Indian rupees)
(Reporting by Vivek Kumar M, additional reporting by Mathieu Rosemain in Paris; Editing by Sherry Jacob-Phillips)
(([email protected];))
SBI Funds valued at nearly $13 billion after listing
Company's $1.03 billion IPO drew $31 billion in bids
Listing kicks off a busier second half for large IPOs
Updates with closing levels
By Vivek Kumar M
July 21 (Reuters) - SBI Funds Management SBIA.NS ended 6.2% higher in its stock market debut on Tuesday, valuing the firm at nearly $13 billion, as investors bet on growth in the country's $853 billion asset management industry.
Shares of India's largest asset manager closed at 609.75 rupees, valuing the firm at 1.24 trillion rupees ($12.89 billion) and making it the country's second-most valuable listed fund manager.
Peers ICICI Prudential Asset Management Company IICL.NS and HDFC Asset Management Company HDFA.NS were valued at 1.56 trillion rupees and 1.11 trillion rupees, respectively.
SBI Funds, a joint venture between State Bank of India SBI.NS, the country's largest lender, and Amundi AMUN.PA, Europe's biggest asset manager, oversaw assets worth 12.5 trillion rupees as of March 2026.
SBI Funds' $1.03 billion IPO, India's biggest so far this year, attracted about $31 billion of bids last week, including $278.5 million from anchor investors such as BlackRock and sovereign wealth funds from Singapore, Abu Dhabi and Norway.
Amundi CEO Valerie Baudson said the European firm will remain a long-term shareholder of SBI Funds.
The listing marks the start of a busier second half for large IPOs in India's primary market after the activity slowed due to a surge in crude prices linked to the Iran conflict.
SBI Funds listed short of expectations as analysts had estimated debut gains of 12% to 13%.
India's Nifty 50 .NSEI fell 0.2% on Tuesday, weighed down by firmer crude oil prices as the Gulf conflict escalated.
Analysts led by Emkay Global Financial Services' Avinash Singh said India's growing middle class was embracing mutual funds, positioning SBI AMC to expand its dominance in the sector.
India has seen IPOs worth about $5 billion so far in 2026, below a record $21.8 billion last year, LSEG-compiled data showed.
Some 251 companies, including Reliance Jio and the National Stock Exchange of India, are in the IPO pipeline, seeking to raise 4.93 trillion rupees, according to capital market data provider PRIME Database.
($1 = 96.2350 Indian rupees)
(Reporting by Vivek Kumar M, additional reporting by Mathieu Rosemain in Paris; Editing by Sherry Jacob-Phillips)
(([email protected];))
- ICICI Bank published a listing-regulation disclosure covering audio recordings of its results calls for the quarter ended June 30, 2026.
- The bank posted the media call recording at https://www.icici.bank.in/about-us/news-room.
- It also posted the earnings call recording with analysts and investors at https://www.icici.bank.in/about-us/qfr.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 038XIELTWJ89BM3O) on July 18, 2026, and is solely responsible for the information contained therein.
- ICICI Bank published a listing-regulation disclosure covering audio recordings of its results calls for the quarter ended June 30, 2026.
- The bank posted the media call recording at https://www.icici.bank.in/about-us/news-room.
- It also posted the earnings call recording with analysts and investors at https://www.icici.bank.in/about-us/qfr.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: 038XIELTWJ89BM3O) on July 18, 2026, and is solely responsible for the information contained therein.
MUMBAI, July 16 (Reuters) - India's ICICI Home Finance Company ICICH.UL has accepted bids worth 5.75 billion rupees ($59.71 million) for bonds maturing in three years, three bankers said on Thursday.
The bonds will carry an initial coupon of 7.29%, with subsequent quarterly resets linked to the three-month Treasury bill yield plus a spread of 205 basis points, they said.
The company had invited commitment bids for the issue on Wednesday, and did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
ICICI Home Finance | 3 years | floating | 5.75 | July 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.3000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing byHarikrishnan Nair)
MUMBAI, July 16 (Reuters) - India's ICICI Home Finance Company ICICH.UL has accepted bids worth 5.75 billion rupees ($59.71 million) for bonds maturing in three years, three bankers said on Thursday.
The bonds will carry an initial coupon of 7.29%, with subsequent quarterly resets linked to the three-month Treasury bill yield plus a spread of 205 basis points, they said.
The company had invited commitment bids for the issue on Wednesday, and did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on July 16:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
ICICI Home Finance | 3 years | floating | 5.75 | July 15 | AAA (Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.3000 Indian rupees)
(Reporting by Dharamraj Dhutia; Editing byHarikrishnan Nair)
BENGALURU, July 15 (Reuters) - India's ICICI Lombard General Insurance ICIL.NS reported a 46% drop in first-quarter profit on Wednesday, hurt by rise in commissions and claims paid.
Profit after tax for the general insurer fell to 4.03 billion Indian rupees ($41.87 million) for the three months ended June 30, from 7.47 billion rupees a year earlier.
($1 = 96.2550 Indian rupees)
(Reporting by Nishit Navin; Editing by Harikrishnan Nair)
(([email protected];))
BENGALURU, July 15 (Reuters) - India's ICICI Lombard General Insurance ICIL.NS reported a 46% drop in first-quarter profit on Wednesday, hurt by rise in commissions and claims paid.
Profit after tax for the general insurer fell to 4.03 billion Indian rupees ($41.87 million) for the three months ended June 30, from 7.47 billion rupees a year earlier.
($1 = 96.2550 Indian rupees)
(Reporting by Nishit Navin; Editing by Harikrishnan Nair)
(([email protected];))
July 14 (Reuters) -
ICICI BANK - BOARD TO CONSIDER REVISION OF FUND RAISING LIMIT VIA OVERSEAS INSTRUMENTS ON JULY 18, 2026
Source text: ID:nBSE8TGwwW
Further company coverage: ICBK.NS
(([email protected];;))
July 14 (Reuters) -
ICICI BANK - BOARD TO CONSIDER REVISION OF FUND RAISING LIMIT VIA OVERSEAS INSTRUMENTS ON JULY 18, 2026
Source text: ID:nBSE8TGwwW
Further company coverage: ICBK.NS
(([email protected];;))
By Dharamraj Dhutia
MUMBAI, July 3 (Reuters) - India's ICICI Bank ICBK.NS plans its first dollar bond sale in nearly nine years, joining peers HDFC Bank and Axis Bank in leveraging the central bank's lower-cost hedging facility for foreign-currency issuance, two bankers said on Friday.
The lender is expected to raise at least $500 million through a likely five-year bond issue, according to the bankers familiar with the matter.
However, the issuance is unlikely before the second half of August, as ICICI Bank is awaiting its quarterly financial results later this month and must complete the renewal of its Global Medium Term Note programme, the bankers said.
"There are plans to tap the dollar bond market, but it may take 45-60 days for the actual issuance to happen as a lot of procedures are still pending," one of the bankers said.
The bankers requested anonymity as they are not authorised to speak to media. ICICI Bank did not immediately respond to a Reuters request for comment.
If completed, the transaction would mark ICICI Bank's first dollar bond issuance since December 2017, when it raised $500 million through 10-year bonds at a coupon of 3.80%.
The fundraising comes after the Reserve Bank of India in June introduced a swap facility allowing eligible external commercial borrowings by banks and state-owned companies to be hedged at a fixed rate of 1.5% per annum, compounded semi-annually.
The measure significantly lowers hedging costs, making overseas dollar fundraising more attractive.
HDFC Bank HDBK.NS became the first lender to use the new facility, raising $750 million through five-year bonds in June. Axis Bank AXBK.NS followed with an $800 million dual-tranche dollar bond issue.
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
(([email protected];))
By Dharamraj Dhutia
MUMBAI, July 3 (Reuters) - India's ICICI Bank ICBK.NS plans its first dollar bond sale in nearly nine years, joining peers HDFC Bank and Axis Bank in leveraging the central bank's lower-cost hedging facility for foreign-currency issuance, two bankers said on Friday.
The lender is expected to raise at least $500 million through a likely five-year bond issue, according to the bankers familiar with the matter.
However, the issuance is unlikely before the second half of August, as ICICI Bank is awaiting its quarterly financial results later this month and must complete the renewal of its Global Medium Term Note programme, the bankers said.
"There are plans to tap the dollar bond market, but it may take 45-60 days for the actual issuance to happen as a lot of procedures are still pending," one of the bankers said.
The bankers requested anonymity as they are not authorised to speak to media. ICICI Bank did not immediately respond to a Reuters request for comment.
If completed, the transaction would mark ICICI Bank's first dollar bond issuance since December 2017, when it raised $500 million through 10-year bonds at a coupon of 3.80%.
The fundraising comes after the Reserve Bank of India in June introduced a swap facility allowing eligible external commercial borrowings by banks and state-owned companies to be hedged at a fixed rate of 1.5% per annum, compounded semi-annually.
The measure significantly lowers hedging costs, making overseas dollar fundraising more attractive.
HDFC Bank HDBK.NS became the first lender to use the new facility, raising $750 million through five-year bonds in June. Axis Bank AXBK.NS followed with an $800 million dual-tranche dollar bond issue.
(Reporting by Dharamraj Dhutia; Editing by Sherry Jacob-Phillips)
(([email protected];))
June 24 (Reuters) - ICICI Bank Ltd ICBK.NS:
RESERVE BANK OF INDIA APPROVES ICICI BANK TO PURCHASE UP TO 2% MORE IN ICICI LIFE
Source text: ID:nBSE1GZRYY
Further company coverage: ICBK.NS
(([email protected];))
June 24 (Reuters) - ICICI Bank Ltd ICBK.NS:
RESERVE BANK OF INDIA APPROVES ICICI BANK TO PURCHASE UP TO 2% MORE IN ICICI LIFE
Source text: ID:nBSE1GZRYY
Further company coverage: ICBK.NS
(([email protected];))
Corrects paragraph 1 to say rates raised by as much as 300 bps, not as much as 350 bps; paragraph 4 to say HDFC hiked rates by 235-265 bps, not 300 bps
By Gopika Gopakumar
MUMBAI, June 10 (Reuters) - Some banks raised rates on foreign currency deposits for non-resident Indians by as much as 300 basis points on Wednesday, seeking to attract dollar inflows after the central bank eased regulatory restrictions last week.
The Reserve Bank of India will bear the full hedging cost for three- to five-year non-resident deposits, it said on Friday, as part of a broader set of measures to encourage overseas flows and stem weakness in the rupee.
The unit is Asia's second-worst-performing currency this year, down 6% so far, and had slipped to record lows in May.
HDFC Bank HDBK.NS, India's largest private sector lender, hiked rates by 235-265 basis points to 6% on three- to five-year deposits.
AU Small Finance Bank AUFI.NS increased rates by 195 bps, offering 7.1% on three-year deposits and 7% on five-year deposits.
Yes Bank YESB.NS has set the rate at 7% on three-year deposits, 7.05% on four-year deposits and 7.10% on five-year deposits, according to a Bloomberg report on Wednesday. A Yes Bank spokesperson did not respond to Reuters' request for comment.
Other banks are expected to announce their new rates this week.
Lenders could raise as much as $35 billion to $40 billion via these foreign currency deposits until September this year, according to a Reuters report. The RBI said it is also open to banks providing guarantees to offshore lenders to lend to NRIs, who can place these borrowed funds as deposits.
The RBI had last launched a concessional forex swap facility for non-resident Indians in 2013 when the rupee had depreciated sharply due to the U.S. Federal Reserve's "taper tantrum". Under that scheme, HDFC Bank mobilised $3.4 billion, followed by ICICI Bank ICBK.NS, SBI SBI.NS and select foreign banks.
(Reporting by Gopika Gopakumar in Mumbai; Editing by Sonia Cheema)
(([email protected];))
Corrects paragraph 1 to say rates raised by as much as 300 bps, not as much as 350 bps; paragraph 4 to say HDFC hiked rates by 235-265 bps, not 300 bps
By Gopika Gopakumar
MUMBAI, June 10 (Reuters) - Some banks raised rates on foreign currency deposits for non-resident Indians by as much as 300 basis points on Wednesday, seeking to attract dollar inflows after the central bank eased regulatory restrictions last week.
The Reserve Bank of India will bear the full hedging cost for three- to five-year non-resident deposits, it said on Friday, as part of a broader set of measures to encourage overseas flows and stem weakness in the rupee.
The unit is Asia's second-worst-performing currency this year, down 6% so far, and had slipped to record lows in May.
HDFC Bank HDBK.NS, India's largest private sector lender, hiked rates by 235-265 basis points to 6% on three- to five-year deposits.
AU Small Finance Bank AUFI.NS increased rates by 195 bps, offering 7.1% on three-year deposits and 7% on five-year deposits.
Yes Bank YESB.NS has set the rate at 7% on three-year deposits, 7.05% on four-year deposits and 7.10% on five-year deposits, according to a Bloomberg report on Wednesday. A Yes Bank spokesperson did not respond to Reuters' request for comment.
Other banks are expected to announce their new rates this week.
Lenders could raise as much as $35 billion to $40 billion via these foreign currency deposits until September this year, according to a Reuters report. The RBI said it is also open to banks providing guarantees to offshore lenders to lend to NRIs, who can place these borrowed funds as deposits.
The RBI had last launched a concessional forex swap facility for non-resident Indians in 2013 when the rupee had depreciated sharply due to the U.S. Federal Reserve's "taper tantrum". Under that scheme, HDFC Bank mobilised $3.4 billion, followed by ICICI Bank ICBK.NS, SBI SBI.NS and select foreign banks.
(Reporting by Gopika Gopakumar in Mumbai; Editing by Sonia Cheema)
(([email protected];))
- Reliance executives attended the ICICI Securities India Investor Conference 2026 in Mumbai on June 9, 2026.
- The company held one-on-one institutional investor meetings, disclosing no unpublished price-sensitive information.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: E5GMMDEPJQ492LAQ) on June 09, 2026, and is solely responsible for the information contained therein.
- Reliance executives attended the ICICI Securities India Investor Conference 2026 in Mumbai on June 9, 2026.
- The company held one-on-one institutional investor meetings, disclosing no unpublished price-sensitive information.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: E5GMMDEPJQ492LAQ) on June 09, 2026, and is solely responsible for the information contained therein.
June 5 (Reuters) - India's ICICI Prudential Asset Management Company IICL.NS said on Friday it has temporarily restricted subscriptions in its gold exchange-traded fund (ETF).
The company said it will not accept direct subscriptions of more than 250 million rupees ($2.63 million) in the ETF until further notice. It did not mention a reason for the restriction.
On Thursday, peer HDFC Mutual Fund also restricted lump-sum, or one-time, subscriptions in its gold ETFs, citing market conditions as strong demand for gold amid geopolitical uncertainty drives up inflows into such funds.
Large inflows can be difficult for gold ETFs to absorb during periods of heavy demand.
Indian gold ETFs have attracted net inflows of $3.48 billion so far this year.
($1 = 94.9450 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
June 5 (Reuters) - India's ICICI Prudential Asset Management Company IICL.NS said on Friday it has temporarily restricted subscriptions in its gold exchange-traded fund (ETF).
The company said it will not accept direct subscriptions of more than 250 million rupees ($2.63 million) in the ETF until further notice. It did not mention a reason for the restriction.
On Thursday, peer HDFC Mutual Fund also restricted lump-sum, or one-time, subscriptions in its gold ETFs, citing market conditions as strong demand for gold amid geopolitical uncertainty drives up inflows into such funds.
Large inflows can be difficult for gold ETFs to absorb during periods of heavy demand.
Indian gold ETFs have attracted net inflows of $3.48 billion so far this year.
($1 = 94.9450 Indian rupees)
(Reporting by Nishit Navin in Bengaluru; Editing by Sonia Cheema)
(([email protected];))
- Reliance executives will attend the ICICI Securities India Investor Conference 2026 on June 9, 2026 in Mumbai.
- Meetings are expected to be one-on-one with institutional investors.
- No unpublished price-sensitive information is expected to be discussed.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: GCN52LIZD3C49ZP3) on June 04, 2026, and is solely responsible for the information contained therein.
- Reliance executives will attend the ICICI Securities India Investor Conference 2026 on June 9, 2026 in Mumbai.
- Meetings are expected to be one-on-one with institutional investors.
- No unpublished price-sensitive information is expected to be discussed.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Reliance Industries Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: GCN52LIZD3C49ZP3) on June 04, 2026, and is solely responsible for the information contained therein.
- Dr. Reddy’s Laboratories will attend investor meetings on June 9, 2026 in Mumbai, hosted by ICICI Securities.
- A second investor meeting is scheduled for June 10, 2026 in Hyderabad, hosted by Macquarie.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dr. Reddy's Laboratories Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001575872-26-000395), on June 03, 2026, and is solely responsible for the information contained therein.
- Dr. Reddy’s Laboratories will attend investor meetings on June 9, 2026 in Mumbai, hosted by ICICI Securities.
- A second investor meeting is scheduled for June 10, 2026 in Hyderabad, hosted by Macquarie.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Dr. Reddy's Laboratories Limited published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001575872-26-000395), on June 03, 2026, and is solely responsible for the information contained therein.
- ICICI Bank appointed Ashwani Bhatia as an additional independent director for June 1, 2026 to May 31, 2031.
- Bhatia previously served as a whole-time member at SEBI from June 2022 to May 2025.
- He spent about 37 years at State Bank Group, retiring as SBI managing director, with earlier roles including MD and CEO of SBI Funds Management.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: ML2RY0WEDRVV4B4D) on June 02, 2026, and is solely responsible for the information contained therein.
- ICICI Bank appointed Ashwani Bhatia as an additional independent director for June 1, 2026 to May 31, 2031.
- Bhatia previously served as a whole-time member at SEBI from June 2022 to May 2025.
- He spent about 37 years at State Bank Group, retiring as SBI managing director, with earlier roles including MD and CEO of SBI Funds Management.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ICICI Bank Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: ML2RY0WEDRVV4B4D) on June 02, 2026, and is solely responsible for the information contained therein.
May 22 (Reuters) - Indian private lender ICICI Bank ICBK.NS has received approval from India's central bank to reappoint Sandeep Bakhshi as its chief executive for a further period of two years, with effect from October 4, the bank said in a statement on Friday.
Bakhshi would remain ICICI's CEO until October 3, 2028, the bank said. In January, the bank's board approved Bakhshi's reappointment, subject to approval from the Reserve Bank of India.
ICICI Bank is India's second-largest private lender by market capitalisation. Bakhshi has led the bank since 2018.
Last month, the bank posted a standalone net profit of 137.02 billion Indian rupees ($1.43 billion) for the three months to March 31, up from 126.30 billion rupees a year earlier.
($1 = 95.6900 Indian rupees)
(Reporting by Kanjyik Ghosh in Barcelona; Editing by Louise Heavens)
May 22 (Reuters) - Indian private lender ICICI Bank ICBK.NS has received approval from India's central bank to reappoint Sandeep Bakhshi as its chief executive for a further period of two years, with effect from October 4, the bank said in a statement on Friday.
Bakhshi would remain ICICI's CEO until October 3, 2028, the bank said. In January, the bank's board approved Bakhshi's reappointment, subject to approval from the Reserve Bank of India.
ICICI Bank is India's second-largest private lender by market capitalisation. Bakhshi has led the bank since 2018.
Last month, the bank posted a standalone net profit of 137.02 billion Indian rupees ($1.43 billion) for the three months to March 31, up from 126.30 billion rupees a year earlier.
($1 = 95.6900 Indian rupees)
(Reporting by Kanjyik Ghosh in Barcelona; Editing by Louise Heavens)
MUMBAI, May 21 (Reuters) - India's ICICI Home Finance Company [RIC:RIC:ICICH.UL] has accepted bids worth 5.5 billion rupees ($57.17 million) in a sale of bonds maturing in three years, three bankers said on Thursday.
The bonds will carry an initial coupon of 7.25%, with subsequent quarterly resets linked to the three-month Treasury bill yield plus a spread of 193 basis points, they said, adding the company had invited commitment bids for the issue on Wednesday.
ICICI Home Finance did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
ICICI Home Finance Company | 3 years | 7.25 (initial, reset quarterly) | 5.5 | May 20 | AAA(Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.2000 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, May 21 (Reuters) - India's ICICI Home Finance Company [RIC:RIC:ICICH.UL] has accepted bids worth 5.5 billion rupees ($57.17 million) in a sale of bonds maturing in three years, three bankers said on Thursday.
The bonds will carry an initial coupon of 7.25%, with subsequent quarterly resets linked to the three-month Treasury bill yield plus a spread of 193 basis points, they said, adding the company had invited commitment bids for the issue on Wednesday.
ICICI Home Finance did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
ICICI Home Finance Company | 3 years | 7.25 (initial, reset quarterly) | 5.5 | May 20 | AAA(Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.2000 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)
MUMBAI, May 19 (Reuters) - India's ICICI Home Finance Company ICICH.UL plans to raise up to 6.50 billion rupees ($67.47 million), including a greenshoe option of 1 billion rupees, through a sale of bonds maturing in three years, three bankers said on Tuesday.
It will carry an initial coupon of 7.25%, with subsequent quarterly resets linked to the three-month Treasury bill yield plus a spread of 193 basis points, they said, adding the company has invited commitment bids for the issue on Wednesday.
ICICI Home Finance did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
ICICI Home Finance Company | 3 years | 7.25 (initial, reset quarterly) | 5.5+1 | May 20 | AAA(Icra) |
Tata Capital | 2 years and 9 months | 7.42 (initial) | 27.50+12.50 | May 20 | AAA(Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.3425 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
MUMBAI, May 19 (Reuters) - India's ICICI Home Finance Company ICICH.UL plans to raise up to 6.50 billion rupees ($67.47 million), including a greenshoe option of 1 billion rupees, through a sale of bonds maturing in three years, three bankers said on Tuesday.
It will carry an initial coupon of 7.25%, with subsequent quarterly resets linked to the three-month Treasury bill yield plus a spread of 193 basis points, they said, adding the company has invited commitment bids for the issue on Wednesday.
ICICI Home Finance did not respond to a Reuters email seeking comment.
Here is the list of deals reported so far on May 19:
Issuer | Tenure | Coupon (in %) | Issue size (in bln rupees)* | Bidding date | Rating |
ICICI Home Finance Company | 3 years | 7.25 (initial, reset quarterly) | 5.5+1 | May 20 | AAA(Icra) |
Tata Capital | 2 years and 9 months | 7.42 (initial) | 27.50+12.50 | May 20 | AAA(Crisil, Icra) |
*Size includes base plus greenshoe for some issues
($1 = 96.3425 Indian rupees)
(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Eileen Soreng)
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic.
By Katrina Hamlin
HONG KONG, May 18 (Reuters Breakingviews) - Prudential PRU.L, 2378.HK has a punchy plan to shake up its life insurance business in India: it's buying a controlling stake in Bharti Life Insurance. Tapping its new partner's telco and asset management customers is a risky alternative to the tried-and-tested model of distributing products via a bank but could be an ingenious way to kickstart growth.
The $38 billion group agreed to acquire 75% of Bharti Life from Bharti Life Ventures and 360 ONE Asset Management ONEW.NS for $389 million, it said on Sunday.
That means Prudential CEO Anil Wadhwani is doing a switcheroo: the transaction requires Pru to reduce its stake in an existing venture with ICICI Bank ICBK.NS to under 10%, from 22%, per the company. It could well go on to divest what remains, leaving Bharti as its key partner.
The Indian business is in need of a reboot. New business sales there fell 2% last year, and its ranking among private life insurers fell to fifth from third a year earlier. That was a disappointing result for what ought to be a high-growth market. The world’s most populous country has only 3% penetration in the life insurance space, Prudential reckons.
Wadhwani’s solution is a creative one. Insurers often lean on large banks like ICICI to reach potential policy buyers. But the target’s main attraction is Bharti Airtel’s BRTI.NS nearly 300 million smartphone customers in India, compared with ICICI’s roughly 80 million retail banking clients, per data from Bharti and BCG Matrix. Overlapping markets in Africa could also open up other emerging markets, while the telecom company's asset management arm could help Pru reach India’s high net worth individuals.
But making it work could be tough. JioBlackRock, a joint venture between BlackRock BLK.N and Jio Financial Services JIOF.NS, is tapping additional distributors to sell its products after trying a digital direct model that leaned on its connections to Reliance Jio, India’s largest telecoms group.
And while the deal price seems fair, it’s not a bargain, valuing the company at just over $500 million, or around 1.5 times its embedded value as of September. That’s in line with the average for rivals SBI Life Insurance SBIL.NS, HDFC Life Insurance HDFL.NS and the Life Insurance Corporation of India LIFI.NS, per Visible Alpha, and just below 1.6 times for ICICI Prudential Life Insurance ICIR.NS. Shareholders sent Pru’s stock down 2% in morning trade in Hong Kong. That's probably because Wadhwani's punt for better rewards in India comes with higher risks.
Follow Katrina Hamlin on Bluesky and Linkedin.
CONTEXT NEWS
Insurer Prudential said on May 17 that it has agreed to acquire a 75% stake in Bharti Life Insurance from Bharti Life Ventures and 360 ONE Asset Management for an initial cash consideration of $389 million, with a potential additional consideration of up to $78 million, subject to certain conditions.
Prudential’s Hong Kong-listed shares fell 2.26% to HK$116.8 in morning trade on May 18.
ICICI Prudential Life Insurance's growth has slowed in recent years https://www.reuters.com/graphics/BRV-BRV/zdpxgbdybvx/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on HAMLIN/[email protected]; Reuters Messaging: [email protected]))
The author is a Reuters Breakingviews columnist. The opinions expressed are her own. Updates to add graphic.
By Katrina Hamlin
HONG KONG, May 18 (Reuters Breakingviews) - Prudential PRU.L, 2378.HK has a punchy plan to shake up its life insurance business in India: it's buying a controlling stake in Bharti Life Insurance. Tapping its new partner's telco and asset management customers is a risky alternative to the tried-and-tested model of distributing products via a bank but could be an ingenious way to kickstart growth.
The $38 billion group agreed to acquire 75% of Bharti Life from Bharti Life Ventures and 360 ONE Asset Management ONEW.NS for $389 million, it said on Sunday.
That means Prudential CEO Anil Wadhwani is doing a switcheroo: the transaction requires Pru to reduce its stake in an existing venture with ICICI Bank ICBK.NS to under 10%, from 22%, per the company. It could well go on to divest what remains, leaving Bharti as its key partner.
The Indian business is in need of a reboot. New business sales there fell 2% last year, and its ranking among private life insurers fell to fifth from third a year earlier. That was a disappointing result for what ought to be a high-growth market. The world’s most populous country has only 3% penetration in the life insurance space, Prudential reckons.
Wadhwani’s solution is a creative one. Insurers often lean on large banks like ICICI to reach potential policy buyers. But the target’s main attraction is Bharti Airtel’s BRTI.NS nearly 300 million smartphone customers in India, compared with ICICI’s roughly 80 million retail banking clients, per data from Bharti and BCG Matrix. Overlapping markets in Africa could also open up other emerging markets, while the telecom company's asset management arm could help Pru reach India’s high net worth individuals.
But making it work could be tough. JioBlackRock, a joint venture between BlackRock BLK.N and Jio Financial Services JIOF.NS, is tapping additional distributors to sell its products after trying a digital direct model that leaned on its connections to Reliance Jio, India’s largest telecoms group.
And while the deal price seems fair, it’s not a bargain, valuing the company at just over $500 million, or around 1.5 times its embedded value as of September. That’s in line with the average for rivals SBI Life Insurance SBIL.NS, HDFC Life Insurance HDFL.NS and the Life Insurance Corporation of India LIFI.NS, per Visible Alpha, and just below 1.6 times for ICICI Prudential Life Insurance ICIR.NS. Shareholders sent Pru’s stock down 2% in morning trade in Hong Kong. That's probably because Wadhwani's punt for better rewards in India comes with higher risks.
Follow Katrina Hamlin on Bluesky and Linkedin.
CONTEXT NEWS
Insurer Prudential said on May 17 that it has agreed to acquire a 75% stake in Bharti Life Insurance from Bharti Life Ventures and 360 ONE Asset Management for an initial cash consideration of $389 million, with a potential additional consideration of up to $78 million, subject to certain conditions.
Prudential’s Hong Kong-listed shares fell 2.26% to HK$116.8 in morning trade on May 18.
ICICI Prudential Life Insurance's growth has slowed in recent years https://www.reuters.com/graphics/BRV-BRV/zdpxgbdybvx/chart.png
(Editing by Antony Currie; Production by Ujjaini Dutta)
((For previous columns by the author, Reuters customers can click on HAMLIN/[email protected]; Reuters Messaging: [email protected]))
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What does ICICI Bank do?
ICICI Bank is a large private sector bank in India offering a diversified portfolio of financial products and services to retail, SME and corporate customers. The Bank has an extensive network of branches, ATMs and other touchpoints. It is at the forefront of leveraging technology and offering services through digital channels like mobile and internet banking. The offers deposit, credit and other financial products and services to individuals, households and small businesses across India, through digital channels and extensive branch network spanning urban and rural areas. It also offers select products like deposits and remittances to non-resident Indians, and local market offerings in select international geographies. It offers financial solutions to large and medium sized companies and their business and channel partners, and to financial and government/public sector entities. The product offerings include deposits, long-term finance, working capital, trade, cash management, transaction banking and treasury management. In addition to its network in India, it leverages its international presence to meet the cross-border requirements of its clients.
Who are the competitors of ICICI Bank?
ICICI Bank major competitors are HDFC Bank, Kotak Mahindra Bank, Axis Bank, Federal Bank, AU Small Fin. Bank, Indusind Bank, IDFC First Bank. Market Cap of ICICI Bank is ₹10,12,647 Crs. While the median market cap of its peers are ₹88,355 Crs.
Is ICICI Bank financially stable compared to its competitors?
ICICI Bank seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does ICICI Bank pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. ICICI Bank latest dividend payout ratio is 15.85% and 3yr average dividend payout ratio is 15.69%
How has ICICI Bank allocated its funds?
Company has been allocating majority of new resources to productive uses like advances.
How strong is ICICI Bank balance sheet?
The companies balance sheet of ICICI Bank is weak, but was strong historically.
Is the profitablity of ICICI Bank improving?
Yes, profit is increasing. The profit of ICICI Bank is ₹59,489 Crs for TTM, ₹54,208 Crs for Mar 2026 and ₹51,029 Crs for Mar 2025.
Is ICICI Bank stock expensive?
ICICI Bank is not expensive. Latest PE of ICICI Bank is 18.05 while 3 year average PE is 19.14. Also latest Price to Book of ICICI Bank is 2.66 while 3yr average is 3.0.
Has the share price of ICICI Bank grown faster than its competition?
ICICI Bank has given better returns compared to its competitors. ICICI Bank has grown at ~19.07% over the last 9yrs while peers have grown at a median rate of 7.76%
Is the promoter bullish about ICICI Bank?
There is Insufficient data to gauge this.
Are mutual funds buying/selling ICICI Bank?
The mutual fund holding of ICICI Bank is increasing. The current mutual fund holding in ICICI Bank is 29.6% while previous quarter holding is 27.83%.