Friday, April 19

Search Results for: icici

Sandeep Bakhshi appointed as ICICI Bank’s COO, Chanda Kochhar goes on Leave

India’s second largest private bank, ICICI has appointed ICICI Prudential Life Insurance CEO Sandeep Bakhshi as whole-time director and chief operating officer (COO). Meanwhile, Bank’s managing director Chanda Kochhar who is facing conflict-of-interest allegations will remain on leave until a committee investigating allegations of impropriety completes its work. The ICICI Bank board, in its meeting […]

General Atlantic Acquires ICICI Venture’s Stake in KIMS

India’s largest private sector fund ICICI Venture has sold off 30% of its stake in hospital chain Krishna Institute of Medical Sciences to its competitor General Atlantic worth Rs 850 crore. Through this deal, the company is expected to make close to four-fold returns on its initial investment in four years. The valuation of the […]

ICICI shares plunge in the midst of Videocon Loan Row

India’s leading private multinational bank, ICICI had its shares drop considerably by 7 percent on the first trading day of the financial year 2018-19 right after Central Bureau of Investigation(CBI) imposed an inquiry relating to the loan sanctioned to Videocon Group. After a close at Rs. 261.9 and down by 5.93 percent on BSE from […]

ICICI Securities Decreased the Size of IPO After Slow Start

Brokerage firm giant ICICI Securities decreased the amount of its initial public offering to almost Rs3,500 crore after the opening sale met a slow start, particularly since targeted individuals with large assets didn’t seem interested. ICICI Securities is the third daughter company of the ICICI Group to join the market since 2016 and overall fourth […]

Practo, ICICI Lombard Launches Health Insurance App For OPD Expenses

Private sector general insurance firm ICICI Lombard has partnered healthcare platform Practo to launch a health insurance app ‘IL TakeCare‘ that takes cares of Outpatient (OPD) expenses of all its customers. “The app meets key customer requirements with respect to their primary healthcare needs. This includes hassle-free, real-time claim authentication of expenses such as doctor consultation, medical tests, pharmacy spends etc,” ICICI Lombard […]

ICICI Launches Eazypay Mobile App For Merchants

In what it claims to be a first in the country leading private sector lender ICICI Bank today launched ‘Eazypay’, an app for merchants, retailers and professionals to accept payments on mobiles from multiple digital modes. The Eazypay, based on the Unified Payment Interface (UPI) of the National Payment Corporation, allows a person to make […]

ICICI Banks Now Ready To Invest In Startups

Country’s largest private sector lender ICICI Bank announced today about its interest in investing in startups in the financial technology space, even though it has not earmarked a dedicated corpus for the investments.