Benchmarks BSE Sensex and NSE Nifty today extended losses for the third day and ended at two-week lows dragged down by Mahindra and Mahindra, Tata Power and ICICI Bank shares as caution prevailed over the growing unrest in Iraq choking oil supplies and a weak monsoon stunting economic revival.

The S&P BSE benchmark Sensex slipped another 96.29 points, or 0.38 per cent, to end at 25,105.51 and the NSE 50-share Nifty moved down by 29.25 points, or 0.39 per cent, to finish at 7,511.45, its lowest close since June 5.

Tigerair, the Singapore-based budget carrier, today announced a special campaign - "Pay to go, complimentary return" - exclusively for ICICI Bank’s credit, debit and prepaid cardholders.

During the offer period, the customers of ICICI Bank can avail the opportunity to pay only for one-way fare to Singapore, where in the return ticket will be complimentary. The customer will have to pay only for airport taxes and other charges on the return fare.

The headcount in India’s top private banks is on the rise, despite a slowing economy and uncertain business environment. Large private banks in the country appear to be on a hiring spree, with many of them doubling their staff count in the last five years.

ICICI Bank, the largest private sector lender in India, closed last financial year with 72,226 employees compared to 35,256 staff at the end of March 2010. HDFC Bank increased its headcount to 68,165 from 51,888, while Axis Bank almost doubled its number of employees to 42,420 during this period.

MUMBAI: ICICI Bank, the country's largest private sector lender by assets, has let go 1,200 of its staffers, and a few hundred may be on their way out as part of an exercise to cut flab, two people familiar with the development said.

NEW DELHI: With addition of over 10,000 jobs last fiscal, ICICI Bank has overtaken rival HDFC Bank as the biggest employer in the private banking space with more than 72,000 employees.

Incidentally, HDFC Bank saw its employee headcount decline by 900 during the fiscal ended March 31, 2014, while at least five other major private sector banks saw their workforces grow during the year.

Mumbai, June 4: ICICI Bank seems to have begun preparing itself for a turnaround in the domestic economy. The country’s largest private bank is planning to raise its borrowing limit to Rs 2,50,000 crore from Rs 2,00,000 crore.

The lender will seek shareholders’ nod to increase the borrowing limit at its annual general meeting on June 30.

Private sector lender ICICI Bank raised $ 250 million on Thursday through Reg S bonds. Reg S bonds are offered to non-US residents and qualified institutional buyers under an exception to US securities laws enacted in 1990, and do not enjoy the same legal protection as other issues.

State Bank of India Chairperson Arundhati Bhattacharya and ICICI Bank Managing Director Chanda Kochhar are among five from India on Forbes' 100 most powerful women in the world list topped by German Chancellor Angela Merkel.

Bhattacharya is ranked 36th and Kochhar 43rd. Biocon founder Kiran Mazumdar-Shaw is 92nd.

As the days at work got longer after she became the managing director & CEO of ICICI Bank exactly five years ago, Chanda Kochhar had to make substantial changes in her once must-do routine. But she has refused to give up two things: one, visiting the bank's branches almost unannounced; and two, her monthly informal meetings with about 20 employees picked on a random basis.

ICICI Bank, the country’s largest private sector lender, has reduced home loan rates by up to 10 basis points (bps) for loans up to Rs 75 lakh. Under the new scheme, which will be offered till June 30 for new customers, interest on home loans up to Rs 75 lakh will be charged at 10.15 per cent or 15 bps over the base rate.

For loans above Rs 75 lakh, the bank will continue to charge between 10. 5 per cent and 11.25 per cent.

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