ICICI Bank: News
Arijit Basu takes over as SBI Managing Director
The State Bank of India (SBI), the country's biggest public lender, has appointed Arijit Basu as its next Managing Director (MD), it said in a statement.
#FinancialBytes: 5 credit cards which offer unique benefits
These days it's common for credit cards to offer benefits like monetary rewards on grocery purchases, online shopping, movie ticket booking, etc.
WhatsApp Pay to offer 24-hour customer support in India
WhatsApp is setting up a 24-hour customer support for WhatsApp Pay, its UPI-based payments service that allows users to send and receive money through the chat app.
More revelations in Kochhar 'scam': Family's Mumbai flat under scanner
More reports have surfaced about a 'nexus' between Chanda Kochhar, ICICI Bank CEO, and Videocon's Venugopal Dhoot.
Apple introduces zero-down-payment EMI offers for iPhone X, iPhone 8
Apple often hosts its iPhone fest sales on online channels like Amazon and Flipkart. But, the tech giant hasn't been so regular with its offline channel sales.
ICICI Bank's Kochhar to "go on leave" till probe completed
Three months after reposing "full faith and confidence" in ICICI Bank CEO Chanda Kochhar, the bank's board has announced she "has decided to go on leave till the completion of the enquiry" into conflict-of-interest allegations against her.
Jharkhand: Miscreants snatch Rs. 54L from ICICI employee, guard
Motorcycle-borne miscreants today snatched Rs. 54L from an ICICI bank employee and guard when they were on their way to fill cash in an ATM near Zilla School chowk under Medininagar police station, Palamau, Jharkhand.
Now, even banks would communicate with you over WhatsApp
If you're already exhausted by a flood of WhatsApp forwards from friends and family, brace yourselves, it's about to get worse.
Business Roundup: Here are today's top 5 Business news
Here's your daily dose of top five business news.
Redmi Y2 first sale tomorrow: Here are all the details
Xiaomi's recently launched Redmi Y2 smartphone will go on sale in India starting tomorrow i.e. June 12.
Chanda Kochhar probe extends to US, SEC now investigating case
The probe against ICICI Bank chief Chanda Kochhar and her family's allegedly illegal business dealings with the Videocon group is going international.
Deadline to file 'advance tax' is June 15: Details here
If you have not yet paid the first instalment of your advance tax, then you should file it no later than June 15 to avoid a penalty.
Xiaomi Redmi Y2 launched, starting from Rs. 9,999
The Xiaomi Redmi Y2, successor to last year's Redmi Y1, was launched in India on Thursday.
Business Roundup: Here are today's top 6 business news
Hola, ready to ride on your business express? Here we go.
ICICI Bank denies asking Chanda Kochhar to take indefinite leave
The ICICI Bank board has rubbished the media reports which claimed that the board had sent CEO Chanda Kochhar on an indefinite leave till the completion of an independent investigation into allegations of "conflict of interest" and "quid pro quo" against her.
You may get WhatsApp payment feature next week
Earlier in February, WhatsApp did an initial roll-out of its payment feature in India which allows users to send and receive money through the chat app.
#BusinessBytes: All about the top 7 debit cards in India
Debit cards are payment cards linked to one's savings account. Customers can conveniently withdraw money at ATMs, deposit cash, shop offline/online, etc.
It's shopping-time! Amazon, Flipkart announce 4-day sales; more details here
Both Amazon and Flipkart have announced a 4-day sale from May 13 to May 16.
Sensex rises over 128 points on firm global cues
The BSE Sensex rallied over 128 points to 35,447.43 in early session today, maintaining its positive form for the fourth straight day on positive cues from global markets.
Sensex surges over 146 points in opening trade
Market benchmark Sensex surged over 146 points in opening trade today on fresh buying by domestic institutional investors amid a strengthening rupee.
GST-returns to be filed monthly, GSTN to go to government
The GST Council took some major decisions in its 27th meeting yesterday. The most important is the introduction of monthly returns filing for most taxpayers, a move that will greatly simplify the current three-step process.
Over 23,000 bank-fraud cases involving Rs. 1-lakh-crore in 5 years
Over 23,000 cases of fraud involving a whopping Rs. 1-lakh-crore have been reported in the past five years in various banks, according to the Reserve Bank of India (RBI).
Swiggy to start delivering medicines, groceries to boost company volume
Bengaluru-based food delivery start-up Swiggy is reportedly planning to enter the hyperlocal segment starting with medicine and grocery deliveries.
Diamond Power promoters, accused of Rs. 2,654cr-fraud, held in Rajasthan
In a joint operation, the CBI and the Gujarat Anti-Terrorist Squad (ATS) have arrested three promoters of Vadodara-based Diamond Power Infrastructure Ltd (DPIL), accused of defrauding a consortium of banks to the tune of Rs. 2,654cr, officials said today.
Parliamentary panel summons RBI Governor to answer queries on bank-scams
A parliamentary panel has called Reserve Bank Governor Urjit Patel on May 17 to answer queries on a spate of banking scams unearthed in the last few months, sources said.
#FinancialBytes: Planning to buy house? Here are 6 home-loan options
All major banks and house financing companies offer home loans that provide funding for buying or constructing houses and residential properties.
#BusinessBytes: All about the top 7 debit cards in India
Debit cards are payment cards linked to one's savings account. Customers can conveniently withdraw money at ATMs, deposit cash, shop offline/online, etc.
ICICI loans to Videocon: RBI finds no 'quid pro quo'
The Reserve Bank of India had two years back conducted a detailed scrutiny to probe allegations of impropriety in ICICI Bank extending loans to Videocon Group but found no proof of any "quid pro quo" or reciprocal benefits, according to RBI documents.
Sensex gains 200 points in afternoon trade, Nifty over 10,500
BSE benchmark Sensex surged over 200 points in afternoon trade today amid buying in most sectors, reflecting positive investor sentiment on strong macroeconomic numbers released yesterday.
#BusinessBytes: 6 popular savings-bank accounts and facilities they provide
Savings accounts, the basic investment option, allow customers to save their money safely, use it anytime, and also earn interest on it.
7 best credit-cards in India and the offers they have
People use credit cards for shopping, making online payments, travel purchases, availing discounts. The added benefits are the rewards and cashbacks they can avail.
'Nexus': Kochhars, Videocon had business links as early as 2001
Links between relatives of Chanda Kochhar, ICICI Bank CEO, and Videocon's Venugopal Dhoot, both allegedly involved in several illegal transactions, go as far back as 2001.
After RBI-snub, Axis wants to cut CEO Shikha Sharma's tenure
In an unusual move, Axis, India's seventh largest bank, has sought permission from RBI to cut down the tenure of CEO Shikha Sharma from three-years to seven-months.
CBI probing firms owned by ICICI-Bank CEO Chanda Kochhar's family
Investigators probing the alleged scam involving Deepak Kochhar, husband of ICICI Bank CEO Chanda Kochhar, are examining if he or brother Rajiv set up any shell companies to launder money.
CBI bans overseas travel for Deepak Kochhar, Venugopal Dhoot
Videocon CEO Venugopal Dhoot and ICICI Bank CEO Chanda Kochhar's husband Deepak Kochhar have been barred from traveling outside India, courtesy Central Bureau of Investigation's ongoing preliminary inquiry on them.
Year-end bonuses to ICICI, Axis, HDFC bank CEOs on hold
The Reserve Bank of India (RBI) is yet to approve the year-end bonuses to the CEOs of India's top private banks as it's questioning their payout size with respect to their performance.
Immigration stops Chanda Kochhar's brother-in-law from leaving country
The investigation in the alleged Deepak Kochhar-Venugopal Dhoot fraud has now extended to the former's brother Rajiv Kochhar, who was stopped by Immigration at the Mumbai Airport while he was leaving India.
Deepak Kochhar's 'funds from Mauritius' under income tax department's scrutiny
Deepak Kochhar, the founding director of NuPower Renewables, was served a notice by the Income Tax department, asking him to furnish all the details of the hundreds of crores worth of investments that he allegedly received from two Mauritius companies.
Indian banks reported one fraud every hour in FY17: Report
According to a report by proxy advisory firm Institutional Investor Advisory Services (IiAS), there was at least one case of fraud committed every hour on an average in Indian banks during the financial year 2017.
Sensex begins FY19 on firm note, rises over 100 points
Domestic equities opened on a firm note on the first trading day of the new financial year 2018-19 today, with Sensex reclaiming the 33,000-mark by rising over 100 points amid positive global cues.