Page-3 of ICICI Bank
RBI approves appointment of Sandeep Bakshi as Managing Director and CEO of ICICI Bank
The ICICI Bank was originally established by ICICI Limited as a wholly owned subsidiary in 1994. Though, Industrial Credit and Investment Corporation of India (ICICI) was formed in 1955 as a joint-venture of the World Bank, the Government of India ..
Hindustan Aeronautics Limited becomes first Public Sector Unit (PSU) to make a transaction on “TReDS platform”
The Hindustan Aeronautics Limited (HAL) has become the first Public Sector Unit (PSU) to make a transaction on the “TReDS platform”. The transaction was financed by Bank of Baroda (BoB) and since stands settled. The TReDS platform is an online ..
Radhakrishnan Nair appointed to ICICI Bank’s board as an Additional (Independent) Director
Radhakrishnan Nair, the former IRDAI member, has been appointed to ICICI Bank’s board as an Additional (Independent) Director. His appointment will be for a period of five years and is subject to shareholders’ approval. Nair has around 40 years of ..
ICICI Bank becomes first Indian bank to go live on SWIFT’s GPI service
India’s largest private sector lender ICICI Bank became first Indian bank to go live on SWIFT’s (Society for World Interbank Financial Telecommunication System) Global Payment Innovation (GPI), an improved cross-border payments service. SWFIT GPI SWFIT GPI was launched in May ..
Month: Current Affairs - April, 2018
ICICI Bank launches instant overdraft ‘InstaOD’ facility for Micro, Small and Medium Enterprises (MSME)
The ICICI Bank has launched instant overdraft ‘InstaOD’ facility for Micro, Small and Medium Enterprises (MSME) in a completely online and paperless manner. Customers can get overdraft facility up to Rs 15 lakh for a year anytime, anywhere using the ..
The Union government engages ICICI to enable cashless payments on e-NAM
The Union government has engaged private lender ICICI Bank to enable online payments at 470 mandis integrated with national portal of electronic National Agriculture Market (e-NAM). At present, e-NAM participants are doing payments through traditional ways via bank branches, debit ..
NTPC signs a Rs 3,000-crore term loan agreement with ICICI Bank for partially funding its capital expenditure
The state-owned NTPC has signed a term loan agreement for Rs. 3,000 crore with ICICI Bank for partially funding its capital expenditure. The loan which has a door-to-door tenure of 15 years will be utilised to part finance the capital ..
Nandan Nilekani appointed as new non-executive Chairman of Infosys
Nandan Nilekani, the Infosys co-founder and the architect of Aadhaar, has been appointed as the new non-executive chairman of the board of directors of Infosys. The sweeping changes have been made to the board in an attempt to restore stability ..
ICICI Bank launches EazyPay app for Merchants
ICICI Bank, India’s largest private sector bank has launched EazyPay mobile application for merchants that allows all-in-one acceptance payments platform. This app consolidates all digital wallets, QR code, Unified Payments Interface (UPI), and credit & debit cards modes of payments. With ..
Month: Current Affairs - December, 2016
Akodara becomes India’s first Digital Village
Akodara village in Sabarkantha district of Gujarat has earned the coveted tag of becoming India’s first digital village. The village with a total population of 1,191 people and 250 households uses a various cashless system for payments of goods and ..