This initiative is in line with India's Foreign Trade Policy 2023 and RBI's framework for invoicing, payment, and settlement of exports/imports in INR, in addition to US Dollar, Euro and other currencies, according to a statement from ICICI Bank.
LIC's premium growth for fiscal 2023 is the second highest among its listed peers, with HDFC Life leading with 18.83 per cent, SBI Life at 16.22 per cent and ICICI Prudential Life Insurance Company at 12.55 per cent
Yes Bank on Saturday posted a drop of 45 per cent to Rs 206.21 crore for the quarter ended March 31, 2023, against Rs 371.88 crore in the year-ago period, due to rising provisioning.
In order to facilitate cross-country transactions, Sonali Bank and Eastern Bank will open accounts in the State Bank of India and ICICI Bank. The two Indian banks will also open similar accounts in the two Bangladeshi banks, as per the news report.
The accused would ask for the complete login credentials from the customers and after logging into the account, would get the money transferred to their bank accounts using CRED App, police said.
Mumbai (Maharashtra) [India], April 13 (ANI/BusinessWire India): K J Somaiya Institute of Management (KJSIM), a constituent institute of Somaiya Vidyavihar University (SVU), and the ICICI Foundation have signed a memorandum of understanding (MoU) to strengthen their collaboration and facilit
New Delhi [India], April 7 (ANI/PNN): As expected, the pilot for the retail digital rupee was launched in Mumbai, New Delhi, Bengaluru and Bhubaneswar on December 1, 2022. The retail digital rupee project started in a closed user group with the participation of four leading lenders, includin
Advisory firm Religare Broking is positive on four insurance companies - LIC, SBI Life, HDFC Life, and ICICI Prudential - and it recommended investors buy these stocks.
Gurugram (Haryana) [India], March 21 (ANI/NewsVoir): Chqbook, India's first neobank for small business owners, has launched a specially designed "Shop Insurance Cover" for its Digital Current Account customers. This insurance solution has been designed and launched in association with ICICI
This stake sale happened via bulk deals in the open market, which saw strong demand from foreign institutional investors, sovereign wealth funds, domestic mutual funds, and insurance companies.
Noida (Uttar Pradesh) [India], March 13 (ANI/BusinessWire India): VSPAGY, a leading personalized video interactivity platform, today announced its move to a new office to accommodate its growing team and expanding business. The move comes on the same day as the company's new logo release, ma
ICI chief Maulana Mahali said, "We should respect each other's religious sentiments and I appeal to not indulge in actions that may cause problems to those celebrating Holi".
He pointed out that last year too both Holi and Shab-e-Barat had coincided and it was celebrated in a peaceful way.