Sensex closes flat, ICICI Bank and Bajaj Finserv top gainers
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
Indian equity indices closed flat on Tuesday amid mixed global signals and the absence of significant new catalysts.
According to the bank’s executive director (ED) Sandeep Batra, “in Q1 FY25, we infused about Rs 500 crore” in ICICI Home Finance, the home finance subsidiary.
In the last week (May 20-24), nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation.
It called the report published by The Morning Context as ‘baseless’ and a ‘figment of imagination’. It also categorically denied the information published in the article.
For Q4 FY24, ICICI reports a net profit of Rs 10,708 crore, up 20 per cent from last year.
The ‘Infinite India’ initiative is part of our strategy to further strengthen our technology-enabled offerings aimed to partner with foreign companies coming to India.
ICICI Bank, the promoter of the company, held 77.22 per cent stake in ICICI Securities as of September 30, 2020.
Under the partnership, ICICI Bank has launched co-branded prepaid cards with three fintechs - one each in business banking, business expense management and neo bank.
On consolidated basis, the bank's net profit was up over four-times at Rs 4,882 crore in Q2 FY21 against Rs 1,131 crore in Q2 FY20.
The bank already serves an undisclosed number of start-ups as part of the earlier offering and other offerings.