ICICI Bank might outsource ATM division
ICICI Bank is said to be considering hiving off its ATM division into a separate entity.
The company currently has a network of 1,416 branches along with more than 4,600 ATM outlets.
A company representative spoke about the reports in the media about these developments: “We evaluate various options [...]
ICICI Bank sends SMS to customers assuring them
Rumors in the market are so strong that ICICI Bank had to send SMS messages to their banking customers assuring them that their deposits are safe.
The message stated: “Please do not listen to baseless rumors”.
It also greeted the customers for the upcoming festive season.
ICICI Bank said that the [...]
K.V. Kamath: ICICI Bank is healthy and fine
Rumors in the market suggested that ICICI Bank was going to take a massive hit from the ongoing global credit turmoil.
Denying these rumors, ICICI Bank CEO K.V. Kamath has come out with a statement saying: “I just want to reiterate ICICI Bank is an extremely healthy institution. We [...]
Wipro getting into Retail segment in India?
Wipro promoter Azim Premji has acquired a 10 per cent stake in Indian retailing giant Subhiksha.
The deal is worth around Rs. 230 crores.
He picked up this stake through his personal investment entity Zash Investments.
This stake was acquired from ICICI Ventures.
Premji also hold minor stakes in other retailing companies including [...]
ICICI Bank no longer issuing two wheeler loans at dealer end
India’s leading private sector bank ICICI has announced that they are no longer going to offer two wheeler loans from dealer’s showrooms.
These loans would now be available only from their bank branches.
ICICI Bank has now transferred 200 employees in this unit to other departments.
ICICI Bank [...]
Some customers of ICICI Bank are reporting that they are now increasing the minimum balance limit from Rs. 5000 to Rs. 10000.
This is sad news for all those customers who are not on any of their zero balance accounts.
This new limit is going to be applied starting July this year.
If the bank account [...]
ICICI Bank set to open a branch in New York
ICICI Bank has announced that they are all set to open a branch in New York.
The bank said in a statement: “We already have got approval from the US regulator; it will come up in few weeks.”
This new branch would deal in wholesale banking business, including [...]
ICICI Bank has announced that they would be using their US branch in the New York to provide wholesale banking services and NRI services.
The company has just received permissions to open a branch in New York. They already have a presence in other major business cities including London, Hong Kong and Singapore.
ICICI Bank joint managing [...]
ICICI Bank@Home services launched
India’s leading private sector bank ICICI has now announced the launch of Bank@Home services for their customers.
This service would be available to all their existing savings and current account customers in India.
ICICI Bank’s head (Retail Liability Group) Maninder Juneja spoke about this new service launch: “Bank@Home is like a courier [...]
ICICI Bank: Banking with them gets expensive
It can be quite expensive remaining a long term customer with ICICI Bank especially if you do not know all the charges they apply on their services.
It just got a bit more complicated as the bank has now raised the fines and penalty charges. For customers who do not [...]
