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 ...

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 ...