ICICI Bank

Indian Personal Loan Market Outlook Report 2020-2025, with Key Player Profiles Including IDFC First Bank, HDFC Bank, TATA Capital and SBI Bank

Tuesday, August 4, 2020 - 11:30am

The Indian Personal Loan Market is expected to grow at a formidable rate of around 10% during the forecast period.

Key Points: 
  • The Indian Personal Loan Market is expected to grow at a formidable rate of around 10% during the forecast period.
  • The increasing gap income and expenditure coupled with rising aspirations, especially among the young population are the key factors driving the Indian Personal Loan Market.
  • The Indian Personal Loan Market is segmented based on source, tenure, purpose, interest rate, company and region.
  • The major players operating in the Indian Personal Loan Market are IDFC First Bank, HDFC Bank, ICICI Bank, TATA Capital, Kotak Mahindra Bank, IndusInd Bank, Fullerton India, Bajaj FinServ, SBI Bank and others.

ICICI Bank Limited Files Annual Report in Form 20-F

Saturday, August 1, 2020 - 3:56am

ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2020 (FY2020) on July 31, 2020, as required by United States securities regulations.

Key Points: 
  • ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2020 (FY2020) on July 31, 2020, as required by United States securities regulations.
  • The Form 20-F annual report includes the Banks consolidated financial statements under Indian GAAP and a reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders equity under U.S. GAAP, approved by the Audit Committee of the Board.
  • Copies of the Form 20-F are available from the United States Securities and Exchange Commission (SEC) website www.sec.gov or via a direct link to the SEC website at "About Us/Investor Relations/SEC Filings" page of ICICI Bank's website:
    Shareholders may obtain a copy of the complete audited financial statements free of charge by writing to Company Secretary, ICICI Bank Limited, ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400051 or sending an e-mail to companysecretary@icicibank.com , with details of their shareholding and mailing address.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20200731005507/en/

itopia Announces Expansion in India with Country Manager, Harshal Pendse, Former Partnership Manager at Google Cloud

Friday, July 24, 2020 - 3:00am

MUMBAI, India, July 23, 2020 /PRNewswire/ -- itopia , leading cloud-native automation and orchestration solution for Google Cloud Platform, announces its expansion to India and the broader APAC region by hiring Harshal Pendse as Vice President and Country Manager of India.

Key Points: 
  • MUMBAI, India, July 23, 2020 /PRNewswire/ -- itopia , leading cloud-native automation and orchestration solution for Google Cloud Platform, announces its expansion to India and the broader APAC region by hiring Harshal Pendse as Vice President and Country Manager of India.
  • Known as a digital transformation catalyst, Harshal Pendse was responsible for creating Google Cloud India's sales consulting practice, as well as expanding its channel and partner program.
  • Beyond his experience as a founding member of Google Cloud India, Pendse also has experience in leading roles at Oracle Middleware and ICICI Group.
  • itopia is not the only one with their sights set on expansion in India, as itopia's key partner Google Cloud is growing its presence within the country as well.

India Car Loan Market: Analysis and Outlook to 2025 with the Potential Impact of COVID-19 - ResearchAndMarkets.com

Tuesday, June 23, 2020 - 10:16am

As a result, major automakers are setting up their production plants and focusing on launching new vehicles in the country, subsequently, driving the car loan market in India.

Key Points: 
  • As a result, major automakers are setting up their production plants and focusing on launching new vehicles in the country, subsequently, driving the car loan market in India.
  • The Indian Car Loan Market can be segmented based on the type, car type, source, percentage of amount sanctioned, type of city, tenure and region.
  • Major companies offering loans for the purchase of car in India are categorized into banks, OEM or non-banking financial company (NBFC).
  • Some of the banks providing car loan include State Bank of India, HDFC Bank, ICICI Bank, Axis Bank, etc.

Enterprise Tech Ecosystem Series, 2020 - ICICI Bank - ResearchAndMarkets.com

Tuesday, February 25, 2020 - 5:35pm

The "Enterprise Tech Ecosystem Series: ICICI Bank" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Enterprise Tech Ecosystem Series: ICICI Bank" report has been added to ResearchAndMarkets.com's offering.
  • Based in India, the bank has operational presence in Europe, the Middle East, and Africa; the Americas; and Asia.
  • To support its digital transformation, the bank has adopted a 4D framework to enhance its goods, processes, and channels.
  • ICICI Bank is tapping into key disruptive technologies including AI, machine learning, blockchain, biometrics, cybersecurity, and RPA.

India Life Insurance Market (2018-2023) with Data on Insurance Penetration and Total Premium of LIC, ICICI Prudential Life, HDFC Life, and More - ResearchAndMarkets.com

Wednesday, November 27, 2019 - 10:45am

The "Life Insurance Market in India (2018-2023) with data on Insurance Penetration and Total Premium of LIC, ICICI Prudential Life, HDFC Life, Others" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "Life Insurance Market in India (2018-2023) with data on Insurance Penetration and Total Premium of LIC, ICICI Prudential Life, HDFC Life, Others" report has been added to ResearchAndMarkets.com's offering.
  • Out of the 52 insurance companies operating in India, 24 are in the life insurance business, and 28 companies are operating in the non-life insurance segment.
  • Insurance Regulatory and Development Authority (IRDA) is an autonomous body that regulates and promotes the insurance and re-insurance industries in India.
  • In 2016, India's share in the global life insurance market was ~2.36% and ranked 10 among 88 countries.

PayBright named Canada's FinTech Company of the Year

Wednesday, November 20, 2019 - 12:00pm

TORONTO, Nov. 20, 2019 /PRNewswire/ - PayBright today announced that it was named FinTech Company of the Year at the 5th Annual Canadian FinTech & AI Awards.

Key Points: 
  • TORONTO, Nov. 20, 2019 /PRNewswire/ - PayBright today announced that it was named FinTech Company of the Year at the 5th Annual Canadian FinTech & AI Awards.
  • PayBright was selected from among 37 nominees for the award, which was presented by ICICI Bank.
  • The ICICI Bank FinTech Company of the Year Award is for an established fintech company in Canada that has been providing financial products or services for over four years and is actively engaged in innovation.
  • PayBright is a Canadian consumer payments platform focused on instant point-of-sale installment payment plans for both e-commerce and in-store transactions.

ICICI Securities, Axis Capital & Edelweiss Financial Services Chosen as Lead Managers for Proposed EbixCash IPO

Wednesday, September 4, 2019 - 12:29pm

Ebix announced the appointment of ICICI Securities as the Left Banker, besides being one of the Book Running Lead Managers for the IPO.

Key Points: 
  • Ebix announced the appointment of ICICI Securities as the Left Banker, besides being one of the Book Running Lead Managers for the IPO.
  • The Company also announced the appointment of Axis Capital and Edelweiss Financial Services as Book Running Lead Managers for the proposed IPO.
  • ICICI, Axis and Edelweiss are considered amongst the top investment bankers in India in terms of reach, number of issues handled, money raised and overall performance.
  • All of these firms plan to initiate equity research coverage of EbixCash after the IPO.

ICICI Bank Limited Files Annual Report in Form 20-F

Thursday, August 1, 2019 - 4:35pm

ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2019 (FY2019) on July 31, 2019, as required by United States securities regulations.

Key Points: 
  • ICICI Bank Limited (NYSE: IBN) filed its annual report in Form 20-F for the year ended March 31, 2019 (FY2019) on July 31, 2019, as required by United States securities regulations.
  • The Form 20-F annual report includes the Banks consolidated financial statements under Indian GAAP and a reconciliation of consolidated profit after tax and net worth under Indian GAAP to net income and stockholders equity under U.S. GAAP, approved by the Audit Committee of the Board.
  • Copies of the Form 20-F are available from the United States Securities and Exchange Commission (SEC) website www.sec.gov or via a direct link to the SEC website at "About Us/Investor Relations/SEC Filings" page of ICICI Bank's website:
    Shareholders may obtain a copy of the complete audited financial statements free of charge by writing to Company Secretary, ICICI Bank Limited, ICICI Bank Towers, Bandra Kurla Complex, Mumbai 400051 or sending an e-mail to companysecretary@icicibank.com , with details of their shareholding and mailing address.
  • View source version on businesswire.com: https://www.businesswire.com/news/home/20190801005710/en/

e-Payment Solutions in India: Market Review 2018-2019 and Forecast to 2023 - ResearchAndMarkets.com

Tuesday, July 30, 2019 - 10:44am

The e-payment solutions market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~51.17% between FY 2018 and FY 2023, and will reach a value of INR 15,344.1 Tn by FY 2023.

Key Points: 
  • The e-payment solutions market in India is anticipated to expand at a compound annual growth rate (CAGR) of ~51.17% between FY 2018 and FY 2023, and will reach a value of INR 15,344.1 Tn by FY 2023.
  • The volume of payments is expected to reach 96.5 Tn transactions by FY 2023, up from its 2018 volume of 18.5 Tn.
  • The growth of the Indian e-payment solutions market is owed to the introduction of digital payment portals by banks like Axis Bank Ltd., HDFC Bank Ltd., ICICI Bank Ltd., etc.
  • As a result, the transaction value and volume of the e-payment solutions market in India is increasing.