Bank shares experienced a significant boost on Thursday, driven by a substantial forex inflow into India, primarily through the Reserve Bank of India's Foreign Currency Non-Resident (bank) (FCNR(B)) scheme
Early reports from state-run lenders show promising profit growth and a significant reduction in bad loans, setting a positive tone for the sector
2025 has been a strong year for India's primary markets, with at least Rs 30,000 crore expected to be raised by companies in December alone—a massive boost from last year
The bank had raised its minimum monthly average balance requirement fivefold to Rs 50,000 from Rs 10,000 for new savings accounts opened in metro and urban branches
ICICI Bank turns biggest laggard on the Sensex in morning trade despite recovery run in Indian equities on Monday morning trade
Despite initial slump, Indian stock markets recovered after ICICI Bank, HDFC Bank rallied on quarterly earnings; Reliance Industries is the biggest loser in Sensex
Top Indian private lenders ICICI Bank and HDFC Bank saw their quarterly net interest income jump more than 10 per cent
Stable NPA ratio, growth in loans, and net interest income lift ICICI Bank in a quarter where lenders struggled to raise deposits to meet credit growth