9 of top-10 most-valued firms add over Rs 1.85 trillion m-cap
In the last week (May 20-24), nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation.
In the last week (May 20-24), nine of the top-10 most-valued firms together added Rs 1,85,320.49 crore in market valuation.
It called the report published by The Morning Context as ‘baseless’ and a ‘figment of imagination’. It also categorically denied the information published in the article.
For Q4 FY24, ICICI reports a net profit of Rs 10,708 crore, up 20 per cent from last year.
In the list, State Bank of India is at the 20th position, HDFC Bank at 33 and ICICI Bank at 48th spot.
The BSE Sensex on Thursday was trading at 73,755 points, up by 758 points or 1.04 per cent, led by gains in the financial stocks.
Under the partnership, ICICI Bank has launched co-branded prepaid cards with three fintechs - one each in business banking, business expense management and neo bank.
On consolidated basis, the bank's net profit was up over four-times at Rs 4,882 crore in Q2 FY21 against Rs 1,131 crore in Q2 FY20.
The bank already serves an undisclosed number of start-ups as part of the earlier offering and other offerings.
As of June 30, 2020, ICICI Bank held 79.22 per cent equity holding (25,52,16,095 shares) in ICICI Securities, as per data on BSE.
As a result of these disruptions, "we estimate that GDP in fiscal 2020 (ending March 2021) will contract by four per cent".