RBI urged to tighten banking norms after ICICI employee’s multi-crore FD fraud
They also emphasised the need for the central bank to strengthen its supervisory mechanisms to detect such frauds early and effectively.
They also emphasised the need for the central bank to strengthen its supervisory mechanisms to detect such frauds early and effectively.
In the last week, the combined market valuation of eight of the top 10 most valued firms eroded by Rs 1,60,314.48 crore.
The combined market valuation of eight of the top 10 most valued firms eroded by Rs 3,09,244.57 crore last week.
The top gainers from the pack were Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, Infosys and Bajaj Finance.
ICICI Bank reported a 14.8% year–on–year (Y-o-Y) increase in net profit to Rs 11,792 crore in the quarter-ended December (Q3FY25), due to steady growth in net interest income (NII) and a robust increase in non-interest income, according to an official release.
Last week, the combined market valuation of six of the top 10 valued domestic firms eroded by Rs 1.71 lakh crore.
The combined market valuation of five of the top-10 most-valued firms tumbled Rs 1,85,952.31 crore last week.
Last week, six of the top 10 most valued firms together added Rs 86,847.88 crore in market valuation.
In the last week, the 5 out of 10 companies added Rs 1,13,117.17 crore to their total market valuation.
ICICI Bank on Saturday reported a 14.5 per cent growth in net profit at Rs 11,746 crore (year-on-year) in Q2 FY25, from Rs 10,261 crore in the year-ago quarter.
