ICICI Bank CEO Chanda Kochhar bid goodbye in October to the bank, her second home for three decades, following a probe that did not end quickly enough, so that she could have continued.
The number of credit card accounts increased by nearly 32% in the last year to 36.9 million in CYQ3 2018.
This will be the second bank strike in less than a week.
Various services offered by the bank, including ATM transaction and cash deposits, come at a cost, but the charges have been kept low in the larger interest of customers.
The bank has already diversified into retail segment and now harnessing data analytics to come up with models that help understand customer behaviour.
2019 will not only test the mettle of IBC, but also of the NCLT and NCLAT, as several high-profile cases need to be resolved.
The move follows the experience of several lenders in Andhra Pradesh and Tamil Nadu, where the dues have remained pending although they had written off the loans based on announcements from the state govt.
As Yes bank readies for a change at the top, senior group president Monga tells that things can only get better for the private-sector bank
RBI had imposed restrictions on Bandhan Bank’s branch expansion as it failed to pare down the promoters’ stake to 40% within the stipulated timeframe of three years of starting the bank.
The scheme is being worked out and will subsequently get vetted by respective boards of the three banks. It will have details of share swap ratio and requirement of capital from the promoter, sources said.
The strike call comes on the heels of an officers union of state-run banks observing a day-long strike last Friday on similar grounds along with demand for immediate settlement of their wage negotiations.
The bank has also bought a few loan portfolios of car loans, mortgages and commercial vehicles from distressed NBFCs, a senior official has said.
According to ICICI Bank, the unexpected drop in international crude prices is likely to compel the RBI to change its stance from calibrated tightening to neutral.