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ICICI Bank Limited
5 articles
ICICI Bank faces a mixed landscape of developments impacting its financial health and leadership. While the bank reported robust FY2026 results, including a significant 15.8% loan growth and a ₹542.1 billion net profit, it also received a substantial ₹229 crore GST demand notice, signaling potential legal and financial headwinds. Leadership transitions are underway, with the resignation of the ICICI Life Insurance CEO and the appointment of Sidharatha Mishra to the MD & CEO role, bringing digital expertise from within the bank. These developments suggest investors should monitor the bank's ability to navigate regulatory challenges and effectively execute its strategic initiatives, particularly as it adapts to evolving RBI guidelines.
Cube Highways Trust Raises Rs1,150 Cr NCDs
Cube Highways Trust (Cube InvIT) issued senior secured listed NCDs worth Rs 1,150 crore with a 7.50% annual coupon and five‑year tenor.
The NCDs were allotted to Axis Bank (Rs 550 crore) and ICICI Ban
ICICI Bank Clears SARFAESI Auction Petition
Petitioners Abhishek Kumar Singh and Dipti Singh sought quashing of ICICI Bank's e‑auction sale notice dated 25‑Mar‑2026, alleging SARFAESI non‑compliance.
During the writ petition's pendency, the ban
ICICI Life CEO Resignation, New MD & CEO Appointed
ICICI Life Insurance MD & CEO Anup Bagchi resigns effective October 13, 2026 to pursue external career opportunity.
Sidharatha Mishra appointed as Chief Operating Officer from October 6, 2026 and as M
ICICI Bank Receives ₹229 Crore GST Demand Notice
ICICI Bank received a GST demand notice for ₹229.14 crore from Mumbai tax authorities on October 1, 2026.
The demand relates to services provided to customers maintaining minimum account balances, wit
ICICI Bank Files FY2026 Annual Report with 15.8% Loan Growth
ICICI Bank filed its Annual Securities Report with Japan's Kanto Finance Bureau on September 18, 2026, reporting ₹542.1 billion net profit and 15.8% loan growth.
Foreign ownership decreased to 50.3% w