Banks including HDFC Bank, ICICI Bank and Axis Bank today began charging a minimum amount of Rs 150 per transaction for cash deposits and withdrawals beyond four free transactions in a month.

The charges would apply to savings as well as salary accounts effective from today, leading private sector player HDFC Bank said in a circular.

Ruling out the possibility of its ATM machines dispensing fake notes, ICICI Bank on Monday ordered a probe into an incident where a customer in Rohtak in Haryana reportedly got Rs 2,000 notes bearing 'Children Bank of India'.

Apart from this, some notes were printed with 'Ek Kadam Swachhta ki Aur' and 'Bharatiya Manoranjan Bank'.

Jaiprakash Power Ventures Ltd on Thursday said ICICI Bank has acquired its 81.44 crore shares under the strategic debt restructuring plan by its lenders.

"ICICI Bank Ltd has acquired 81,44,90,000 shares of Jaipraskash Power Ventures Ltd by conversion of debentures into equity," the company said in a BSE filing.

Direct-to-home operator Dish TV Thursday said it has tied-up with private lender ICICI Bank for digital payments.

"We are glad to announce a new payment method which is another customer-oriented initiative in the DTH industry to recharge through unified payment interface (UPI) transactions," Dish TV India Chief Executive Officer Arun Kapoor said in a statement.

The aggregate net profit of 16 private sector lenders for the December quarter fell 8.7% year-on-year (y-o-y) to R9,605.4 crore owing to higher provisions for non-performing assets, Capitaline data showed. According to the data, provisions of private banks in Q3 rose 71% y-o-y to R9,474 crore.

For instance, Axis Bank reported a 73% y-o-y fall in its December quarter net profit to R579.57 crore as its provisions rose more than five times over the same period last year. The bank’s gross non-performing assets (NPAs) for the quarter jumped 105 basis points (bps) sequentially to 5.22% of total advances. The bank’s watch list reduced 20% over the previous quarter and stood at R11,091 crore, leading to a rise in bad loans.

Shares of Jaiprakash Associates were trading strong after its lender ICICI Bank said the debt to the company could soon be concluded as its planned sale of cement units was moving well.

“A large case that one could talk about is the Jaiprakash Associates’ cement assets sale to Ultratech. That is moving well in terms of regulatory approvals,” ICICI Bank’s MD and CEO Chanda Kochhar told CNBC TV18 in an interview.

It has been three quarters since the knuckle rap from the Reserve Bank of India on asset quality and ICICI Bank Ltd’s grip on its bad loans is still slippery. The largest private sector lender reported a 17% increase in its gross non-performing assets (NPAs) for the December quarter and the bad loan ratios worsened, partly due to decelerating credit growth.

ICICI Bank’s gross NPA ratio jumped 1.09 percentage points sequentially to 7.91% for the quarter ended December while net NPA ratio rose to 4.35%.

ICICI Bank Ltd, country's No.2 lender by assets, said its third-quarter net profit fell 19% as bad loans rose, although the profit decline was smaller than expected.

Net profit fell to Rs 2,442 crore for the three months to Dec. 31, from Rs 3,018 crore reported a year earlier, the Mumbai-based lender said on Tuesday.

ICICI Bank has blocked transactions on Flipkart-owned digital payments app PhonePe, accusing it of indulging in restrictive practices and breaking the Unified Payment Interface (UPI) guidelines of interoperability.

The bank began blocking transactions on PhonePe starting Friday, with Flipkart Online CEO Sameer Nigam taking to Twitter to protest the move. He claimed that the bank hadn’t provided the company with any prior warning or information, saying the move was “on purpose”.

Private sector lenders ICICI Bank and Kotak Mahindra Bank and state-owned lenders Central Bank of India and Dena Bank on Monday reduced the marginal cost of funds-based lending rates (MCLRs) with effect from January 1.

While ICICI Bank’s one-year MCLR now stands 70 basis points (bps) lower at 8.2%, the corresponding figure for Central Bank came down 85 basis points (bps) to 8.5%. Dena Bank lowered the MCLR by 75 bps to 8.55% and Kotak Mahindra Bank cut the MCLR by 20 bps to 9%.

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