Reliance Jio Infocomm Ltd (RJIL), a subsidiary of Reliance Industries Ltd (RIL), has rolled out its 'Jionet' High Speed Wi-Fi Internet service at select locations in Bhubaneswar.

The service is available at four locations, including Odisha University of Agriculture & Technology (OUAT), Surya Nagar, Gopabandhu Chowk and Governor House Road, covering popular areas like Reliance Fresh Retail outlet, Gopabandhu market complex and ICICI Bank.

Largest private lender ICICI Bank today launched the country's first mortgage guarantee-backed home loan product that will expand the credit amount and increase the tenure for an additional fee as well.

It will help customers raise the eligible amount by up to 20 per cent and increase the tenure by up to seven years, MD and CEO Chanda Kochhar told reporters here.

KOLKATA | MUMBAI: IDFC Bank, which plans to begin business on October 1, has hired senior HDFC Bank executives to hammer out its retail strategy. Biju Pillai, Amit Kumar and Birendra Sahu — heads of HDFC Bank's different business verticals at the time of leaving the bank — will now spearhead IDFC's retail assets and card business, branch banking and overall retail operations, respectively, three people familiar with the development said.

IDFC did not have any retail footprint in its pre-banking avatar as it was engaged only in corporate lending. The infrastructure lending institution, where Housing Development Finance Corporation's chairman Deepak Parekh was a founder chairman, will soon compete with HDFC Bank and ICICI for the retail business pie.

ICICI Bank, the country’s largest private sector lender, has said it will be keenly watching the progress made in the payments banks space before deciding on a tie-up.

“We'll watch the progress in both and will continue to move forward, we have tie up with Fino and Vodafone,” said Chanda Kochhar, managing director and chief executive officer of ICICI Bank.

New Delhi: ICICI Bank Ltd on Tuesday launched India’s first automated locker for customers in New Delhi.

The 24×7 vault facility will work on robotic technology without the need of human assistance, unlike traditional vaults.

Banking stocks gained on Thursday as record low retail inflation stoked rate cut hopes in the upcoming monetary policy review in late September.

Share price of public sector banks such as State Bank of India (SBI), Bank of Baroda and Punjab National Bank were up over 2 per cent in the early trade. Private lenders ICICI Bank, Federal Bank, Axis Bank and HDFC Bank also gained over 1 per cent.

Mumbai, Aug. 10: ICICI Bank is offering home loans to villagers - up to Rs 15 lakh - at its base rate.

The bank's base rate, or the minimum lending rate, stands at 9.70 per cent.

In a statement, the bank said applicants from rural areas, including women and weaker sections, can get the home loan at the special rate. The loans can be taken to buy, build or renovate a home.

Mumbai: Deutsche Bank AG and ICICI Securities were among firms selected to help manage the sale of the Indian government’s stakes in five state-run companies including NTPC Ltd, the nation’s largest power generator, people familiar with the matter said.

SBI Capital Markets Ltd and Edelweiss Financial Services Ltd also were chosen to work on the divestments, the people said, asking not to be identified as they weren’t authorized to speak before a public announcement.

Mumbai: ICICI Bank Ltd, India’s largest private sector bank by assets, is set to raise up to $500 million (around Rs.3,200 crore today) by selling five-year dollar bonds to investors in Europe and Asia, two people familiar with the issue said.

The issue opened earlier on Wednesday and is likely to close by late evening.

ICICI Bank, the country's largest private sector lender, reported a 14 per cent increase in net profit for the June quarter on a consolidated level, aided by higher net interest income. Net profit increased to Rs 3,232 crore in the April-June quarter from Rs 2,832 crore in the corresponding quarter a year ago.

In the same period, on a standalone level, net profit increased by 12 per cent to Rs 2,976 crore from Rs 2,655 crore in the quarter ended June a year ago. Net interest income, the difference between interest earned and interest expended, increased 14 per cent to Rs 5,115 crore in the first quarter of financial year 2016, compared with Rs 4,492 crore a year ago.

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