ICICI Bank Jumps Most In A Week To Record

Shares of ICICI Bank jumped over 2%, most in a week, to a record Rs 936.65 apiece.

The relative strength index of the stock is at 75, suggesting it may be overbought.

The stock has outperformed the benchmark, rising 27% in 2022 so far compare to 5% rise for Sensex.

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Banks Collect Rs 5,000 Crore From Minimum Balance Penalty

Gold Silver Reports (GSR) – As many as 21 public sector banks and three major private sector lenders collected a whopping Rs 5,000 crore from customers for non-maintenance of minimum balance in their accounts in 2017-18, according to banking data.              

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Sensex, Nifty Edge Lower Dragged By HDFC, ICICI Bank

Gold Silver Reports (GSR) – Eleven out of 19 sector gauges compiled by BSE were trading lower led by the S&P BSE Finance index’s 0.4 percent drop. On the other hand, the S&P BSE Realty index was top gainer, up 0.7 percent.          

Indian equity benchmarks edged lower dragged by weakness in ICICI Bank, HDFC twins and Infosys.          

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ICICI Bank Falls As SEBI Favours Adjudication Proceedings Against Bank, CEO

Gold Silver Reports (GSR) – ICICI Bank Falls As SEBI Favours Adjudication Proceedings Against Bank, CEO – Shares of the Mumbai-based private sector lender fell as much as 1.54 percent to Rs 285.25 after the market regulator favoured adjudication proceedings against ICICI Bank and its CEO Chanda Kochhar for alleged violation of listing disclosure norms, news agency Press Trust of India reported citing an unnamed official.

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