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.
2017-10-03 :ICICI Banks offers cashback on every EMI for 30 years
India's biggest private sector lender has launched a new home loan offer. Under the scheme, the bank gives 1% cashback on every EMI, for the full tenure of the home loan. New home loans with minimum tenure of 15 years and those who transfer their existing home loans to ICICI Bank will be eligible for this offer. This cashback can be used either to prepay their home loan outstanding or take credit in their ICICI Bank account.
2017-10-03 :ICICI Bank to offer cashback of 1% on home loan EMI
ICICI Bank has announced the launch of a new home loan scheme offering the borrowers a benefit of 1 percent cashback on every EMI, for the entire tenure of the loan. The offer is available for home loans with tenure of 15 years wherein both residents as well as NRI borrowers are eligible to apply.
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