With this transaction completed, IMSPL is no longer classified as an associate company of ICICI Bank
In addition to the capital conservation buffer, these banks are required to maintain an additional Common Equity Tier 1 (CET1) requirement.
Meanwhile, the domestic loan portfolio increased by 15.7% over the previous year and 5% in the preceding quarter.
Here are some of the stocks that may see significant price movement today: Coal India, Bank of Baroda, Shriram Finance, etc.
For every 100 shares of ICICI Securities that a shareholder owns, they will receive 67 shares of ICICI Bank under the terms of the arrangement.
The appeal is directed against the August 21 order of the Mumbai bench of the NCLT, which has also been contested by a few other parties.
Here are some of the stocks that may see significant price movement today: UltraTech Cement, ICICI Bank, Punjab National Bank, etc.
The pressure from these major stocks pulled the benchmarks further down, reflecting investor concerns and market volatility.
Invest wise with Expert advice
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