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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 ...

ICICI Bank Ltd. (IBN) remains well-poised for revenue growth on the back of strong loan balances, digitization efforts, high interest rates and low-cost deposits. However, an elevated expense base and weak asset quality remain headwinds.IBN’s efforts to enhance its digital banking experience for its retail and corporate clients are encouraging. These enable the bank to provide seamless digital services, personalized offerings and value-added features in order to further its cross-sell and up-sell opportunit ...

ICICI Bank Ltd’s (IBN) net income for the fourth quarter of fiscal 2024 (ended Mar 31) was INR 107.1 billion ($1.3 billion), up 17.4% 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. The company reported lower provisions during the quarter. However, higher operating expenses were an undermining factor.In fiscal 2024, net income of INR 408.9 billion ($4.9 billion) jumped 28.2% from the prior year.NII & Fee Income Imp ...

Recoveries and upgrades from the retail, rural and business banking portfolio were INR 31.8 billion compared to INR 30.19 billion in the previous quarter. The gross NPA additions from the corporate and SME portfolio were INR 2.32 billion compared to INR 3.23 billion in the previous quarter. Recoveries and upgrades from the corporate and SME portfolio were INR 21.71 billion compared to INR 15.52 billion in the previous quarter. Mahrukh Adajania Got it. And just in terms of LDR, there's a lot of discussion ar ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN ISSUER PURSUANT TO RULE 13a -16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 For the month of October 2023 Commission File Number: 001-15002 ICICI Bank Limited (Translation of registrant’s name into English) ICICI Bank Towers, Bandra-Kurla Complex Mumbai, India 400 051 (Address of principal executive office) Indicate by check mark whether the registrant files or will file annual reports under cover Form ...

Company Participants Mahrukh Adajania - Nuvama Saurabh Kumar - JPMorgan Chintan Joshi - Bernstein Hardik Shah - Goldman Sachs Kunal Shah - Citigroup Manish Shukla - Axis Capital Sameer Bhise - JM Financial Ashish Sharma - ENAM AMC Param Subramanian - Nomura Sandeep Bakhshi ICICI Bank Limited (NYSE:IBN) Q2 2024 Earnings Call Transcript October 21, 2023 8:00 AM ET Conference Call Participants Ladies and gentlemen, good day, and welcome to the ICICI Bank Q2 FY '24 Earnings Conference Call. [Operator Instructio ...

As filed with the Securities and Exchange Commission on July 28, 2023 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, 2023. OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period ...