SANDEEP BATRA
HSBC taps metaverse to win business from India’s rich diaspora
HSBC expands offerings for India's affluent diaspora through a virtual bank in GIFT City, leveraging the metaverse. The bank aims to capture a share of the $112.5 billion remittances to India from non-residents. With the hiring of a UBS executive, HSBC eyes the potential $5.5 trillion wealth management industry in India by 2025.
Stocks in news: Apollo Hospitals, ICICI Pru Life, Hero MotoCorp, Muthoot Finance, Welspun Corp
Equity markets faced losses on Thursday due to uncertainty surrounding the election results. Shares of Apollo Hospitals, ICICI Pru Life, Hero MotoCorp, Muthoot Finance, and Welspun Corp were in focus with notable developments. RR Kabel, Premier Explosives, Suven Pharma, and Bharat Dynamics also had updates.
IRDAI approves appointment of Sandeep Batra as ICICI Prudential Board chairman
The Insurance Regulatory and Development Authority of India (IRDAI) has approved Sandeep Batra as Chairman of ICICI Prudential's Board of Directors, effective June 30, 2024. Batra, a Chartered Accountant and Company Secretary, has served as Executive Director, CFO, and Group Compliance Officer at ICICI Prudential.
IPL final: F&B companies rejoice as demand at bars and cafes soars up to 50% amid lean summer
During an otherwise lean season for pubs, bars and restaurants because of people being away on summer vacations, the IPL final in Chennai triggered a dramatic spike in footfall and sales across the cricket-crazy nation, executives said.
ICICI Bank beats estimates to post 17% rise in Q4 profit
ICICI Bank excelled in Q4 with a 17% net profit increase, reaching ₹10,707.5 crore. Fiscal 2024 witnessed a 28% rise to ₹40,888 crore. The bank prioritizes technology, economic growth, and regulatory compliance for future success.
Your preference for digital is leaving banks with a bigger bill
As more and more people in India take to paying digitally, banks are having to pick up a larger tab on account of rising costs of maintaining a competent IT system.
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Big banks Q3 net up on higher other income, dip in provisions
ICICI Bank, the largest of the six lenders, reported a 24% rise in net profit to ₹10,272 crore for the quarter ended December 31, compared with ₹8,312 crore a year earlier.
Long Covid: Retail slippages at private banks surge again
While HDFC Bank hasn’t given any a breakup of the data on slippages, numbers from state-run banks that ET looked at did not show such trends. ICICI Bank reported slippages of Rs 5,037 cr in retail loans, including rural and business banking loans, in the June quarter, compared with Rs 788 cr for corporate and SME loans.
ICICI Bank beats estimates; Q4 profit up nearly 60%
Net interest income rose 21% over last year to Rs 12,605 crore from Rs 10,431 crore. The net interest margin rose at 4%. The gross non-performing asset (NPA) ratio was at 3. 60%, down 136 basis points over the same period last year. The net NPA ratio declined to 0. 76% from 1. 14%. Additions to gross NPAs stood at Rs 4,204 crore while recoveries, upgrades and the sale of bad loans rose to Rs 4,693 crore.
ICICI puts up all round show to clock record profit in Q3
Fee income also recorded a strong growth of 19% year-on-year to Rs 4,291 crore from Rs 3,601 crore a year ago. Treasury income declined to Rs 88 crore from Rs 766 crore a year earlier because unlike last year income this year did not include a gain of Rs 329 crore from sale of shares of ICICI Securities.
ICICI Bank Q1 net profit swells 78%
June quarter profit of ₹4,616 crore led by higher fee income, retail loans growth, fall in provisions.
RBI okays Sandeep Batra's appointment as Executive Director of ICICI Bank
"RBI vide its letter dated December 22, 2020 has communicated its approval for the appointment of Sandeep Batra as Executive Director of the Bank," ICICI Bank said in regulatory filing.
ICICI Bank Q2 takeaways: Record profit, prudent provisioning & more
While a multifold jump in profit in ICICI Bank's September quarter results was expected, a 6.5 times jump in year-on-year profit beat analysts estimates.
Sebi fines ICICI Bank, compliance officer Rs 12 lakh for disclosure lapses
The probe revealed that ICICI Bank failed to disclose the information regarding signing of the binding agreement to the stock exchanges in a timely manner.
Away from the public gaze, Sandeep Bakhshi is readying ICICI for a huge leap of faith
Sandeep Bakhshi is going all out to restore confidence in the troubled bank. Will he be able to pull it off?
ICICI Bank appoints Sandeep Batra as president
Batra will directly report to ICICI Bank's COO Sandeep Bakshi.
Value of new business grew 90%, persistency is a clear focus for us: Sandeep Batra, ICICI Pru Life Insurance
The value of the new business has grown significantly during the year.
Manika Batra hopes to be Saina and Sindhu of table tennis
The 22-year-old bagged medals in all four events on offer including an unprecedented gold in the women's singles and team championship.
Manika Batra leads India to historic women Table Tennis gold at Commonwealth Games
It was mother of all upsets as prior to this final, the Singapore women's team had never lost in the Commonwealth Games since the sport was inducted in the program way back in 2002.
Shift away from physical savings benefiting entire financial savings space: Sandeep Batra, ICICI Pru Life
“The next say decade should be better than what has been in the past decade.”
We have a market share of 13.7% in H1: Sandeep Batra, ICICI Pru Life
“I would like to focus on the embedded value expansion and the value of new business expansion.”
Life Insurance industry expected to grow a little ahead of nominal GDP: Sandeep Batra, ICICI Pru Life
We are focussed on expanding our value of new business which comes from expanding savings as well as protection business.
Easiest way to grow PAT is to stop writing new business or grow at lower rate: Sandeep Batra, ICICI Pru Life
If you are looking at long-term value creation, don't look at my one-year PAT numbers: Batra
We are growing at a faster pace than the industry: Sandeep Batra, ED, ICICI Prudential Life Insurance
The protection which is an area which we have been focusing on a smaller base grew at 87 per cent and now constitutes about 3.9 per cent of our business, he said.
Demonetisation has given a big boost to insurance: Sandeep Batra, ICICI Prudential Life Insurance
If you are going to remain invested over a 10-year period, systematically keep on investing money and have a cover, your financial goals will be met irrespective of what happens to you.
ULIP premiums of private insurers surge even as mutual funds attract inflows
ICICI Prudential Life Insurance, the largest private life insurance company, has had 85% of its new premiums coming from ULIP schemes in FY15.
Keeping vigil with Manjunath
How the IIM-Lucknow batchmates of murdered whistleblower Manjunath Shanmugham came together to raise Rs 27 lakh to promote his biopic
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