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Senior citizens get a slightly higher interest rate on FDs than general citizens. However, the rate of interest varies from bank to bank and depends on various factors, including tenure. Because of their guaranteed return feature, FDs are considered the safest type of investment, and they are very popular among senior citizens. They have different…
Last Updated:August 15, 2025, 11:44 is ICICI Bank cut its minimum average balance to Rs 15,000 for urban, Rs 7,500 for semi-urban, and Rs 2,500 for rural areas after backlash. Meanwhile, Punjab National Bank and Canara Bank had announced the removal of penalty charges for not maintaining the minimum average balance in all saving accounts….
New Delhi: Facing widespread outrage, private lender ICICI Bank on Wednesday partially reversed its minimum average balance (MAB) requirements from Rs 50,000 to Rs 15,000 for new customers in Metro and urban areas. The revision came after a pushback from customers and days after the second-largest bank in the country raised the MAB requirement from…
New Delhi: Jay Kotak, son of Uday Kotak, has slammed ICICI Bank for raising the minimum average monthly balance for metro and urban savings account holders to Rs 50,000. According to Kotak, several middle-class employees in India still earn Rs 25,000 per month and a minimum balance of Rs 50,000 means that almost 94 percent…
Last Updated:August 09, 2025, 11:49 is ICICI Bank has increased the average minimum balance requirement for savings accounts opened on or after August 1 ICICI Bank ICICI Bank Increases Average Minimum Balance: ICICI Bank has increased the average minimum balance requirement for savings accounts opened on or after August 1, 2025. This move is aimed…
Last Updated:July 21, 2025, 07:48 is Stocks to watch: Shares of firms like UltraTech, Eternal, RIL, ICICI Bank, HDFC Bank, Jio Financials, and others will be in focus on Monday’s trade Stocks To Watch Stocks to Watch on Monday, July 21, 2025: Indian stock markets ended their third consecutive week in the red, as investors remained…
New Delhi: ICICI Bank’s consolidates net profit stood at Rs 13,557.60 crore in the first quarter of financial year 2026 (Q1 FY26), surging 15 per cent year-on-year (YoY), the private lender informed exchanges on Saturday. The bank posted Rs 11,695.84 crore profit in corresponding quarter a year ago (Q1 FY25). Sequentially, the private bank’s consolidated…
Mumbai38 minutes ago Copy link ICICI Bank was established in 1955. ICICI Bank has earned a total of ₹ 51,452 crore in the first quarter (April-June 2026). Out of this earnings, the bank spent Rs 32,706 crore in works like salary, electricity bill, deposit. After this, the bank survived as a profit of Rs 12,768…
New Delhi: The Odisha government on June 22 removed three major private sector banks—HDFC Bank, ICICI Bank, and Axis Bank—from its list of approved banks. The government said these banks did not perform up to the standards in important government schemes and did not meet general banking goals in the last two financial years. A…
New Delhi: In a surprising revelation, former HDFC chairman Deepak Parekh shared that ex-ICICI Bank CEO Chanda Kochhar had once suggested a merger between ICICI and HDFC—long before HDFC’s own reverse merger with HDFC Bank took place. The idea, though never pursued sheds light on what could have been one of the biggest mergers in…