The year 2021 is promising to be a better one than 2020. But there are challenges that a recovery poses like price pressures and hardening credit demand. B Prasanna, head of global markets at ICICI Bank, tells Saikat Das and MC Govardhana Rangan about the opportunities and risks. Source link
KOLKATA: Fresh home mortgages surged in India over the past two months, in line with the phased unshackling of the economy, indicating that demand remains robust despite the Covid-induced disruptions and income shrinkages. Leading home loan providers, such as State Bank of India, ICICI Bank and Housing Development Finance Corporation said that demand for home … Read more
NEW DELHI: Shares of ICICI Bank climbed 6 per cent in Monday’s trade after a host of brokerages raised the targets on the stock following the private lender’s better than expected September quarter results. Nomura India said the prevailing stock valuations provide enough downside comfort. This brokerage increased its target on the stock to Rs … Read more
NEW DELHI: A record net profit, an improvement in asset quality, a fall in sequential provisioning, recovery in disbursements to pre-Covid levels, soft NIM and increase in mobile transactions were some of the key highlights of ICICI Bank‘s September quarter results. Record profitWhile a multifold jump in profit in ICICI Bank’s September quarter results was … Read more
NEW DELHI: ICICI Bank on Saturday reported a six-fold jump in its net profit at Rs 4,251 crore for the September quarter. The private lender had reported a profit of Rs 655 crore in the year ago quarter. Net interest income (NII), which is the difference between the interest income a bank earns from its … Read more
Ashok Leyland could see a 50% upside from current levels going forward and that is the one auto stock I would recommend from a three years’ perspective, says Abhimanyu Sofat, VP-Research, IIFL. What is your observation of the trend in September sales by auto majors?One thing which was clear was that most of the auto … Read more
We continue to believe that rather than trying to buy on a valuation parameter, it is better to get into companies which are currently showing growth visibility and momentum, says Equity Strategist & Senior Group VP, MOFSL. Reliance is more of a platform company now but when it comes to telecom, it is safest to … Read more
New Delhi: Seeking custodial interrogation of Deepak Kochhar, the Enforcement Directorate (ED) on Tuesday told a Mumbai Court that Deepak Kochhar has “only delayed the investigation”. Having obtained Deepak Kochhar’s remand till September 19, the federal agency will take him to Delhi office to join the investigation. In its remand paper, accessed by ET, the … Read more
Mumbai: A special Prevention of Money Laundering Act (PMLA) court Tuesday remanded businessman Deepak Kochhar to the Enforcement Directorate’s (ED) custody till September 19. Kochhar and his wife, former ICICI Bank chief executive Chanda and Videocon Group chairman, Venugopal Dhoot are accused in a money-laundering case registered more than a year and half ago by … Read more
Mumbai: The Unified Payments Interface (UPI) has, for the third consecutive month, clocked record volume in August, processing over 1.5 billion transactions for the first time. The latest Reserve Bank of India data showed that 1.56 billion transactions worth Rs 2.85 lakh crore were recorded on NPCI’s popular digital channel, as on August 30, smashing … Read more