2017-10-18 :ICICI Bank 1% cashback on EMI of home loans
ICICI Bank announced the benefit of 1 percent cashback on every EMI of a home loan, for the entire tenure of the loan.
This offer is available for home loans with a minimum tenure of 15 years to both residents as well as NRI borrowers. However, the cashback will accrue only after 3 years of EMI payment. The interest rates for ICICI Bank home loans start at 8.35 percent for women and 8.40 percent for rest of the borrowers.
2017-10-18 :ICICI offers cash back on EMIs on mortgage loans
ICICI Bank has announced 1 percent cashback on every EMI of a mortgage loan, for the entire tenure of the loan.
Currently, ICICI Bank has the largest mortgage portfolio among private banks in India with disbursement of mortgage loans crossing over Rs 1 lakh crore.
2017-10-17 : Retail loans constitute majority of the loan book at ICICI
A massive 53% share of total advances given by ICICI bank is to retail borrowers. Bank have been forced to loosen up in favour of small borrowers because of sluggish growth corporate lending.
2017-10-17 : Pvt banks can sell more small savings schemes
The government has allowed three private sector banks — ICICI Bank, HDFC Bank and Axis Bank along with all the public sector banks to accept deposits under schemes like the National Savings Certificate (NSC), Kisan Vikash Patra (KVP) and Monthly Income Scheme (MIS), among others. All these investment products come under the governments National Savings Time Deposit Scheme.
2017-10-04 :ICICI Prudential MF sets maximum investment amount per investor
A maximum of Rs. 50 crore and Rs. 100 crore can be invested in ICICI Prudential Regular Savings Fund and ICICI Corporate Bond Fund, respectively per investor. This limit is subject to the aggregate assets under management of such investors not exceeding 10 percent, and the maximum investment per investor not being more than 5 percent of the assets.
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