A Nagpur woman who lost Rs 6.93 lakh in a FedEx parcel scam won a consumer court case against ICICI Bank. The commission ordered the bank to refund the remaining balance with 9% interest and pay Rs 35,000 in compensation.
HSBC, SBI, and ICICI Bank were the top beneficiaries of the RBI's dollar deposit scheme for non-resident Indians, attracting $6.14 billion, $4.12 billion, and $3.7 billion respectively. The scheme garnered $36.7 billion in total, helping stabilize the rupee after a period of depreciation.
HDFC Bank and ICICI Bank have increased FCNR(B) deposit rates by 25 basis points on select USD tenures, effective August 2026, after the Indian government relaxed hedging costs on 3-5 year FCNR(B) deposits until September 2026, benefiting Non-Resident Indians with tax-free interest.
Dharmesh Shah of ICICI Direct forecasts Indian equity markets to rise, with Nifty targeting 24,500 and Bank Nifty aiming for 59,300. Falling crude oil prices and rupee stability are key drivers. Top stock picks include Mahindra & Mahindra and Larsen & Toubro.
Sandeep Bakhshi has been reappointed as the CEO of ICICI Bank for another two years, with his term extended until October 3, 2028. The Reserve Bank of India approved the reappointment, which was initially approved by the bank's board in January.
Sandeep Bakhshi has been reappointed as the CEO of ICICI Bank for another two years, with his term extended until October 3, 2028. The Reserve Bank of India approved the reappointment, which was initially approved by the bank's board in January.
ICICI Bank will implement revised debit card charges from June 21, 2026. The Dynamic Currency Conversion (DCC) fee will increase from 1% to 3.50%. Annual fees for several card variants will also be adjusted, with some increasing and one notable reduction.
Prudential plans to acquire a 75% stake in Bharti Life Insurance, requiring it to dilute its 21.91% holding in ICICI Prudential Life Insurance. The insurer expects 12-18 months from regulators to reduce its stake below 10% and cease promoter status.
ICICI Bank will keep its majority stake in ICICI Prudential Life Insurance after partner Prudential acquires a controlling stake in Bharti Life, requiring Prudential to reduce its ICICI Prudential holding below 10%.
Narendra Solanki of Anand Rathi Shares & Stock Brokers advises investors to separate durable compounders from one-off performers in Q4 earnings. He prefers two-wheelers and commercial vehicles over passenger vehicles, picks ICICI Bank and Axis Bank in private banking while watching HDFC for turnaround, and advocates a 3-5 year view on defence stocks. He remains positive on Bajaj Finance (22% loan growth, ROAs above 4%) and sees Jio IPO as key catalyst for Reliance.
ICICI Bank has launched biometric authentication for UPI transactions up to Rs 5,000 on its iMobile app, allowing users to authorize payments via fingerprint (Android) or face recognition (iOS) without entering a UPI PIN. The feature is available on Android v30 and iOS v28.2, enhancing security by eliminating shoulder-surfing risks while speeding up transactions. Transactions above Rs 5,000 still require traditional UPI PIN verification. NPCI introduced this biometric option for payments below Rs 5,000 in October 2025.
A detailed comparison of super top-up health insurance plans from five major Indian insurers reveals varying coverage features, premiums, and benefits. Care Supreme Enhance offers unlimited restoration, Niva Bupa provides the longest pre/post-hospitalisation coverage, while ICICI Lombard leads in customisation options. Premiums range from ₹7,000–13,000 for individual plans with ₹90L sum assured and ₹10L deductible. All plans feature 30-day initial waiting period and 36-month pre-existing disease waiting period.
