Sumit Singh Sengar Major Indian financial group ICICI Bank (NYSE:IBN) continues to live up to its 'all-weather' billing (see ICICI Bank: The 'All Weather' Indian Bank), kickstarting FY25 with another solid quarter - in stark contrast with the challenges faced by many of its peers (see HDFC Bank: Focus On Fundamentals Over The Upcoming $2bn Catalyst). No surprise then that shareholders have been rewarded for their faith this year, as evidenced by the ADR outperformance thus far (note ICICI Bank trades in the ...

LOS ANGELES, Aug. 08, 2024 (GLOBE NEWSWIRE) -- via IBN – IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The BioMedWire Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. The BioMedWire Podcast features fast-paced interviews with experts guiding the next wave of pharmaceutical and biotech innovation. The latest e ...

As filed with the Securities and Exchange Commission on July 31, 2024 _______________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) □ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended March 31, 2024. OR □ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Fo ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 For the month of July 2024 ICICI Bank Towers, Bandra-Kurla Complex Mumbai, India 400 051 (Address of principal executive office) Table of Contents OTHER NEWS The Bank has made the below announcements to the Indian stock exchanges: b. Limited review reports on the unaudited financial results (standalone and consolidated) issued by M S K A & Associates, Chartered Accountants and KKC & Associates LLP, Chartered Accountants, the joint statutory auditors ...

ICICI Bank Ltd.'s (IBN) net income for the first quarter of fiscal 2025 (ended Jun 30, 2024) was INR 110.6 billion ($1.32 billion), up 14.6% from the prior-year quarter. Results were driven by a rise in net interest income (NII), non-interest income, and growth in loans and deposits. However, higher operating expenses and provisions were the undermining factors. NII & Fee Income Improve, Expenses Rise NII grew 7.3% year over year to INR 195.5 billion ($2.34 billion). The net interest margin was 4.36%, down ...

Okay. Sure. And the other question is on the yield on advances, which has come down this quarter around 8 basis points. So how do you read that? Is it like that the yields have peaked out and will sustain around current levels? So how do you really read this? Nitin Aggarwal Sure. And just one clarification on the treasury gain also, which is a higher number this quarter versus our updates that we have reported in the prior years. So some like details as to – behind this game and how do we like see this movi ...

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On Jun 25, ICICI Bank (IBN) became the 18th largest bank globally in terms of market cap as it touched an all-time high of $28.84 per share. This Mumbai, India-based lender now has a market cap of approximately $101 billion, surpassing Switzerland's largest bank UBS Group AG (UBS) , which has a market cap of almost $96 billion. Last year, UBS acquired Credit Suisse to become the biggest Swiss bank. After a decent price performance last year, shares of ICICI Bank have soared 20.8% so far this year. The stock ...

LOS ANGELES, June 11, 2024 (GLOBE NEWSWIRE) -- via IBN – Nightfood Holdings Inc. ("Nightfood") (OTCQB: NGTF), a forward-thinking acquisition and development holding company, announces it has selected IBN, a multifaceted financial news and publishing company for private and public entities, to assist with its corporate communications initiatives as the Company continues expanding operations through value-added acquisitions in high-growth categories. Nightfood is focused on identifying and capitalizing on exp ...

LOS ANGELES, June 03, 2024 (GLOBE NEWSWIRE) -- IBN, a multifaceted communications organization engaged in connecting public companies to the investment community, is pleased to announce the release of the latest episode of The Stock2Me Podcast as part of its sustained effort to provide specialized content distribution via widespread syndication channels. The Stock2Me Podcast features a fascinating array of companies and individuals, many of whom are actively revolutionizing age-old business practices within ...