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ICICI Bank and Visa unveil India first USD debit card for GIFT City NRIs with Visa Infinite benefits

ICICI Bank and Visa unveil India first USD debit card for GIFT City NRIs with Visa Infinite benefits

ICICI Bank, with Visa, has launched India’s first USD-denominated debit card issued from its IFSC Banking Unit at GIFT City. The card is linked to ICICI Bank’s USD Global Savings Account and lets NRIs spend their US dollar balance globally at ATMs, POS terminals and e-commerce. The offering runs on the Visa Infinite platform and includes security controls such as EMV chip compliance, channel enable-disable, and daily transaction limits, plus Visa Infinite privileges and curated brand and travel benefits.

Summarised by Beize from a story on IndianWeb2 on 15 May 2026
Mutual funds pump 30600 crore into equities while trimming major bets in April

Mutual funds pump 30600 crore into equities while trimming major bets in April

In April, Indian mutual funds poured Rs 30,600 crore into equities, ramping up positions in ICICI Bank, SBI and Sun Pharma. At the same time, they cut exposure to Wipro, HDFC Bank and Hindalco across large, mid and smallcap categories. The reshuffling signals active portfolio management as fund managers reposition for changing market expectations.

Summarised by Beize from a story on The Economic Times on 13 May 2026

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Insurers slash stakes in top NSE stocks signaling possible strategy shift

Insurers slash stakes in top NSE stocks signaling possible strategy shift

Insurance firms reduced holdings across 10 large-cap NSE stocks between December 2025 and March 2026, including major banks such as ICICI Bank and State Bank of India. The pattern may point to softer conviction in select blue chips or a deliberate reallocation of capital, as insurers adjust portfolios ahead of upcoming market cycles.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
ICICI Bank lets you pay UPI up to Rs 5000 with face or fingerprint

ICICI Bank lets you pay UPI up to Rs 5000 with face or fingerprint

ICICI Bank has added biometric authentication to its iMobile app for UPI transactions up to Rs 5,000. Users can approve payments using fingerprint or face recognition, removing the need to enter a UPI PIN for smaller amounts. The feature is available on the latest iMobile app versions for both Android and iOS, aiming to make payments faster while improving security.

Summarised by Beize from a story on The Economic Times on 29 Apr 2026
ICICI Bank cuts provisions fast while HDFC plays defense as growth worries loom

ICICI Bank cuts provisions fast while HDFC plays defense as growth worries loom

ICICI Bank’s sharp drop in provisioning is being read as a sign of improving asset quality and a sturdier recovery pipeline. HDFC Bank, however, is taking a more cautious approach, focusing on protecting profitability and asset quality amid macroeconomic headwinds. It also plans to gain deposit market share, targeting faster deposit growth than credit growth.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
RIL among biggest movers as Q3 earnings drag stocks lower across India Monday

RIL among biggest movers as Q3 earnings drag stocks lower across India Monday

Indian equity markets ended lower on Monday as Reliance Industries, Wipro, and ICICI Bank weighed on benchmarks following Q3 earnings. Trading was turbulent in a set of eight stocks, with sharp swings tied to quarterly results, acquisitions, and guidance updates. Netweb Technologies and Hindustan Zinc rose, while banking and IT names pulled back.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026

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ICICI Bank RM accused of stealing Rs 4.58 crore by breaking FDs and masking overdrafts

ICICI Bank RM accused of stealing Rs 4.58 crore by breaking FDs and masking overdrafts

A 26-year-old ICICI Bank relationship manager in Kota, Rajasthan, has been arrested for allegedly stealing Rs 4.58 crore from customers, including senior citizens, between 2020 and 2023. Investigators say she broke FDs, created overdrafts and personal loans, and manipulated bank systems and customer details to hide funds used for speculative F&O trading.

Summarised by Beize from a story on The Economic Times on 24 Apr 2026
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