ICICI Home Finance to recast 4-5% of its loans, raise Rs 2,000 cr via NCD
3 years, 3 months ago

ICICI Home Finance to recast 4-5% of its loans, raise Rs 2,000 cr via NCD

Business Standard  

ICICI Home Finance to recast 4-5% of its loans, raise Rs 2,000 cr via NCD Its pool of recast loans stood at 3.4 per cent of AUM by the end of June, according to CRISIL Premium The rating agency said its asset quality is average, with gross non-performing assets or bad loans rising to 8.6 per cent in June, up from 6.6 per cent in March, as home loans and loans against properties showed increased delinquencies. ICICI Home Finance's restruc­tured loans portfolio under regulatory norms for Covid-19 pandemic is expected to rise to 4-5 per cent of assets under management. Its pool of recast loans stood at 3.4 per cent of AUM by the end of June, according to CRISIL. The ratings continue to reflect the expectation of continued strong support from the promoter, ICICI Bank, and the company’s diversified resource profile.

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ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹36,555.4 crore
7 months, 3 weeks ago

ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹36,555.4 crore

Hindustan Times  

New Delhi, Shares of ICICI Bank on Monday climbed nearly 5 per cent after the company's March quarter consolidated net profit grew 18.5 per cent to ₹11,672 crore, helped by lower provisions. ICICI Bank shares climb nearly 5 pc after Q4 earnings; mcap soars by ₹ 36,555.4 crore The stock advanced 4.67 per cent to settle at ₹1,158.80 on the …

ICICI Bank expects moderation in margins as deposits reprice
1 year, 5 months ago

ICICI Bank expects moderation in margins as deposits reprice

Live Mint  

Mumbai: Private sector lender ICICI Bank expects to see some moderation in its net interest margin, reflecting the delayed effect of increase in deposit rates. As we have been guiding in the previous calls, the overall decline in NIMs was very much in line with our expectations,” Sandeep Batra, executive director, ICICI Bank told reporters on Saturday post its earnings. …

ICICI Bank reports 50% rise in Q1 net profit
2 years, 5 months ago

ICICI Bank reports 50% rise in Q1 net profit

Live Mint  

ICICI Bank on Saturday reported a standalone net profit of ₹6,905 crore in the June quarter of FY23, up 50% from ₹4,616 crore in the same period last year, owing to higher net interest income and lower provisions. ICICI Bank’s provision coverage ratio, a measure of the funds set aside to cover bad loans, stood at 79.6% as on 30 …

ICICI Bank Q4 Consolidated Net Profit Zooms to Rs 7,719 Crore, Sets Aside Rs 1,025 Crore for Geopolitical Impact
2 years, 8 months ago

ICICI Bank Q4 Consolidated Net Profit Zooms to Rs 7,719 Crore, Sets Aside Rs 1,025 Crore for Geopolitical Impact

News 18  

ICICI Bank has reported a 58 per cent jump in its March quarter consolidated net to Rs 7,719 crore, helped by a sharp decrease in the money set aside for bad debts. On a standalone basis, the second largest private sector lender reported a 59 per cent jump to Rs 7,019 crore for the January-March quarter of 2021-22. Among the …

ICICI Bank Slashes Home Loan Rates to 10 Year Low at 6.70%; All You Need to Know
3 years, 9 months ago

ICICI Bank Slashes Home Loan Rates to 10 Year Low at 6.70%; All You Need to Know

News 18  

ICICI Bank on Friday announced that it has reduced the home loan interest rate to 6.70 per cent. We believe that this is an opportune time for an individual to buy his/her dream home, considering the prevailing low-interest rates,” said Ravi Narayanan, Head- Secured Assets, ICICI Bank. Last week, banks including the country’s biggest lender State Bank of India, Kotak …

ICICI Bank Q3 net profit rises 19% to ₹4,940 cr
3 years, 10 months ago

ICICI Bank Q3 net profit rises 19% to ₹4,940 cr

Live Mint  

Private sector lender ICICI Bank on Saturday reported 19% increase in net profit at ₹4,940 crore for the quarter ending 31 December, 2020. Total income of country's second largest private sector lender by assets increased 3% to ₹24,416 crore as compared to ₹23,638 crore in year-ago period. Term deposits grew by 26% year-on-year at 31 December, 2020 The lender’s net …

5-8% of Overall Loans Will Get Restructured Under RBI's New Framework: Icra
4 years, 3 months ago

5-8% of Overall Loans Will Get Restructured Under RBI's New Framework: Icra

News 18  

Banks and non-bank lenders will restructure up to Rs 10 lakh crore in debt or 8 per cent of outstanding loans under the one-time restructuring scheme announced by the Reserve Bank, domestic rating agency Icra said on Wednesday. “We feel the overall restructured portfolio will come at 5-8 per cent of the overall loans,” the agency’s head of credit policy …

ICICI Bank home loan EMIs to fall as bank cuts MCLR rate
4 years, 4 months ago

ICICI Bank home loan EMIs to fall as bank cuts MCLR rate

Live Mint  

The second largest private sector lender ICICI Bank has cut its lending rates by 10 basis points across all tenors. The reduction in ICICI Bank's lending rate will make EMIs on home and other loans tied to its marginal cost of funds based lending rate cheaper. One-year MCLR is considered important from a retail loans perspective, as all of a …

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