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New Delhi: The Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) could consider a rate cut in February if food inflation declines in January, according to a report by ICICI Bank.The report emphasized that a deceleration in food prices may strengthen the case for easing policy rates to support economic growth. It said, “Expected…
Last Updated:November 18, 2024, 4:15 PM IST Here’s a comparison of the FD interest rates among four lenders: State Bank of India (SBI), HDFC Bank Bank, Punjab National Bank (PNB), and ICICI Bank. Bank FD Rates Comparison. Even as the stock market is facing a bearish phase currently, investors are now exploring avenues that can…
New Delhi: The Reserve Bank of India (RBI) has named State Bank of India (SBI), HDFC Bank, and ICICI Bank as the country’s most crucial financial players, officially recognizing them as Domestic Systemically Important Banks (D-SIBs). Once again, in 2024, State Bank of India, HDFC Bank, and ICICI Bank have been recognized as Domestic Systemically…
New Delhi: Private sector lender ICICI Bank has informed the customers regarding the upcoming changes in ICICI Bank Credit Card with effect from November 15, 2024. Here are the new rules that will be applicable from November 15 for ICICI Credit Card holders: 1. Utility/Insurance Capping You will continue to earn reward points for utility…
New Delhi: The market outlook for next week will be guided by US Presidential Election results, US Fed Interest Rate Decision, FII activities and major macro-economic data such as Indian and US PMI data, according to experts. Last week, markets closed with a modest gain as strong performance by PSU banks in Q2 and a…
Mumbai50 minutes ago copy link Standalone net profit of the country’s second largest bank ICICI in the July-September quarter increased by 14% year-on-year to ₹11,746 crore. It was ₹10,261 crore in the same quarter last year. However, the net profit of the bank has increased by 6.21% on quarterly basis. The bank’s profit in the…
Sensex Today: The Indian stock market opened flat on Friday as buying was seen in the auto, IT, financial services and PSU Bank sectors. Axis Bank and ITC were among the top gainers at Nifty. The Sensex was trading at 80,139.30 after gaining 74.14 points or 0.09 per cent. At the same time, Nifty opened…
Mumbai: The Indian benchmark indices closed in the red on Tuesday, as auto, IT, and PSU banks remained under pressure. The BSE Sensex closed at 81,820.12 after slipping 152.93 points or 0.19 per cent. NSE Nifty closed at 25,057.35 after slipping 70.60 points or 0.28 per cent. The Nifty Midcap 100 index closed in the…
New Delhi: ICICI Bank on Tuesday announced that it has partnered with PhonePe to offer instant credit on UPI to its pre-approved customers on the app of the digital payments company. “The partnership enables millions of pre-approved customers of ICICI Bank to activate short term credit line instantly on the PhonePe app, and use it…
New Delhi: The cases where SEBI chairperson Madhabi Puri Buch recused herself due to potential conflict of interest is not “readily” available and collating them would “disproportionately divert” its resources, the securities market regulator said in an RTI response on Friday. What Did Sebi Say In RTI Response? In the response furnished to transparency activist Commodore…