ICICI Bank

ICICI Bank Falls Over3% In Pre-Market Trade

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ICICI Bank Falls Over3% In Pre-Market Trade — Shares of the country’s leading private sector lender fell as much as 3.02 percent to Rs 270 after reports alleged quid pro quo between Videocon Group and the bank’s Chief Executive Officer Chanda Kochhar as well as her family members with respect to extending a loan worth Rs 3,250 crore, an issue that has snowballed into a controversy even as the lender has come out in defence of Kochhar.   

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Stocks To Watch: ICICI Bank, UltraTech Cement, Canara Bank, Coal India

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Gold Silver Reports (GSR) – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, fell 0.1 percent to 10,232 as of 7:10 a.m.

Asian shares edged higher, the dollar steadied and Treasuries slipped as the second quarter began for some of the region’s traders. Volumes are expected to be subdued with many markets across the world still closed for the Easter holiday.

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Questions Yet To Be Fully Answered By ICICI Bank

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Gold Silver Reports (GSR) – Questions Yet To Be Fully Answered By ICICI Bank — Towards the end of his brief statement, which mirrored the ICICI Bank board’s press statement issued yesterday, ICICI Bank Chairman MK Sharma listed a few questions received by bank from various media and offered some responses.

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Need More Clarification, Says Hemindra Hazari

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Gold Silver Reports (GSR) – Need More Clarification, Says Hemindra Hazari — The main question is “whether the board was aware that Chanda Kochhar’s husband has business dealings with the Videocon group,” said Independent Banking Analyst Hemindra Hazari.

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