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India Inc pay gap: CEOs earn up to 1,200-times of average staff

India Inc pay gap: CEOs earn up to 1,200-times of average staff

An analysis of remuneration disclosures made by top listed companies forming part of the blue-chip index Sensex -under directions of the capital markets regulator Sebi -shows that the pay packages of senior-most personnel such as CEOs and executive chairmen continue to remain high and rose further at most private sector firms during 2016-17.

ICICI Bank to sell stake in general insurance JV

ICICI Bank to sell stake in general insurance JV

Private player ICICI Bank on Monday said it will sell a part of its stake in joint-venture firm ICICI Lombard General Insurance Company Ltd through an Initial Public Offer.

Now, HDFC too matches SBI, ICICI's rates, lowers to 8.35%

Now, HDFC too matches SBI, ICICI's rates, lowers to 8.35%

Pureplay mortage player HDFC on Monday followed suit of its rivals and lowered new low-cost home loan prices by 15 bps to 8.35 percent for women borrowers and by 10 bps for men, thereby matching the rates offered by SBI last week and ICICI Bank earlier in the day.

ICICI Bank Q4 net profit jumps to over Rs 2,024 crore

ICICI Bank Q4 net profit jumps to over Rs 2,024 crore

Country's largest private sector lender ICICI Bank on Tuesday reported manifold jump in standalone net profit to Rs 2,024.64 crore for the quarter ended March 31.

Pay Rs 150 after 4 cash transactions at HDFC Bank, ICICI Bank and Axis Bank: All you need to know

Pay Rs 150 after 4 cash transactions at HDFC Bank, ICICI Bank and Axis Bank: All you need to know

Banks including HDFC Bank, ICICI Bank and Axis Bank have begun charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

HDFC, ICICI and other banks start charging Rs 150 after four free transactions a month

HDFC, ICICI and other banks start charging Rs 150 after four free transactions a month

In a bid to discourage cash transactions, from March 1, customers carrying out financial transactions at HDFC, ICICI and certain other bank branches will have to pay a fee if the number of transactions exceed beyond four.

Demonetisation: Janata Dal (U) gives suspension of business notice as parties gear up for war in Parliament

Demonetisation: Janata Dal (U) gives suspension of business notice as parties gear up for war in Parliament

Janata Dal United on Tuesday gave a notice for suspension of all listed business in Rajya Sabha over what it called the ''unplanned demonetisation'' by the Narendra Modi government at the Centre which has made the life of common man miserable due to acute shortage of cash.

Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'

Chetan Bhagat demands good execution of demonetisation move, says 'don't use patriotism as excuse for bad operations'

As banks and ATMs on continue to witness chaos, famous novelist Chetan Bhagat on Saturday opined, while demonetisation might be well-intentioned, the poor execution of an idea leads to problems for ordinary citizens.

Good news for home buyers: SBI cuts home loan rate; ICICI offers overdraft

Good news for home buyers: SBI cuts home loan rate; ICICI offers overdraft

To cash in on the festive fervour, banks including SBI and ICICI have unveiled a host of benefits such as reduction in rates, waiver of processing fee and overdraft facility.

Data fraud: Irdai takes guard, readies cyber security shield

Data fraud: Irdai takes guard, readies cyber security shield

In the wake of the recent data breach involving the banking system, insurance regulator Irdai is in the process of setting up a cyber security framework to thwart any such incident in future.

Debit card data fraud: What waits ahead for the banks?

Debit card data fraud: What waits ahead for the banks?

The Finance Ministry has asked various agencies, including the Reserve Bank of India, which are looking into the largest banking security breach involving over 32 lakh debit cards to submit their report in 10 days.

Banks looking at 'resolution' of Rs 1.5 lakh crore worth stressed assets in coming months

Banks looking at 'resolution' of Rs 1.5 lakh crore worth stressed assets in coming months

Enthused by speedy recovery of loans worth USD 2.5 billion by three lenders including ICICI Bank within days of mega USD 13-billion Essar deal, banks are now looking at resolution of stressed assets totalling Rs 1.25-1.50 lakh crore (nearly USD 20 billion) in coming months.

ICICI Pru IPO closes on high note; oversubscribed 10.5 times

Generating robust demand from investors, ICICI Prudential Life Insurance's Rs 6,057-crore IPO, the first by an insurer in India, today closed with over 10-time subscription for shares offered to public.

ICICI Bank deploys ''software robots'' to perform banking operations

ICICI Bank deploys ''software robots'' to perform banking operations

The country`s largest private lender ICICI Bank here on Thursday became the first bank in India to deploy `software robots, that emulate human action, in its over 200 business processes, thereby reducing the response time to customers by up to 60 percent.

ICICI Bank reduces MCLR by 0.05%

ICICI Bank reduces MCLR by 0.05%

Country's largest private sector lender ICICI Bank on Monday announced a 0.05 per cent reduction in its marginal cost of funds based lending rate (MCLR).

 ICICI Lombard raises Rs 485-crore through NCDs

ICICI Lombard raises Rs 485-crore through NCDs

ICICI Lombard General Insurance, a private sector non-life insurer, today said it has raised Rs 485 crore through private placement of redeemable non-convertible debentures (NCDs).

RBI imposes Rs 27-crore penalty on 13 banks

RBI imposes Rs 27-crore penalty on 13 banks

Reserve Bank of India (RBI) has imposed Rs 27-crore penalty on 13 public and private sector banks of the country for violation of Know Your Customer (KYC) norms.

ICICI Prudential Life​ files for India''s biggest IPO in six years

ICICI Prudential Life​ files for India''s biggest IPO in six years

ICICI Prudential Life Insurance Co Ltd has filed for an initial public offering of shares, which sources have said could raise about $745 million in the biggest local IPO in six years.​

ICICI Bank plans to go paperless in green drive

ICICI Bank plans to go paperless in green drive

ICICI Bank plans to go paperless by putting a host of banking services on a digital platform to reduce its carbon footprint as part of its environmental sustainability drive.

Read to know how much interest these private banks offer on savings accounts!

Read to know how much interest these private banks offer on savings accounts!

Read to know how much interest these private banks offer on savings accounts!