ICICI Bank hikes service charges for NRI savings accounts. | Techno Glob


India’s second largest private sector bank ICICI Bank has increased its service charges on NRI Savings accounts. According to the bank’s official announcement, the new service charges will be effective from November 1, 2022. Along with the increase in service charges, the penalties for different transactions involving bank checks have also been increased.

ICICI Bank Service Charges for NRI Savings Accounts

ICICI Bank offers cash deposits; Issuance of copy statement; Duplication of passports; IMPS externalization; Debit Card PIN Regeneration; Re-issuance of Internet User ID or Password (Service charges have been increased for various types of transactions such as Bank Branch or Non-IVR Customer Care. ) Check Issuance.

ICICI Bank Service Charges for NRI Savings Accounts

See the full picture.

ICICI Bank Service Charges for NRI Savings Accounts (icicibank.com)

Criminal charges against ICICI Bank

ICICI Bank returns check (cheque deposited by the customer); Penalties have been increased for inward checks (cheques issued by the customer) and for destruction of deliverables at branches.

ICICI Bank Service Charges for NRI Savings Accounts

See the full picture.

ICICI Bank Service Charges for NRI Savings Accounts (icicibank.com)

ICICI Bank has released its net profit for the second quarter of this financial year. 7,558 crore, up 37% YoY. 5,511 crore in Q2FY22. Net interest income (NII) rose 26% YoY in Q2 of FY23. 14,787 crores from 11,690 crore in Q2 of FY22. Net interest margin in Q2FY23 was 4.31% and 4.01% in the quarter ended June 30, 2022 as against 4.00% and 4.01% in the quarter ended 30 June 2022. (Q1-2023). The gross NPA ratio as on June 30; It jumped from 3.41% in 2022 to 4.82% on September 30, 2021 to 30.19% on September 30, 2022. 938,563 crore in 23Q2FY23; 5% sequentially and 23% YoY. However, the volume of term deposits grew by 12% YoY. 1,090,008 crore. Average deposits into savings and checking accounts rose 16% year-on-year in Q2FY2023. Until September 30, 2022; Term deposits rose 11% YoY to reach Rs. 582,168 crores. ICICI Bank reported a network of 5,614 branches and 13,254 ATMs as of Q2FY23.

According to the regulatory filing, Sandeep Bakshi was reappointed as the Board of Directors (MD) and Chief Executive Officer (CEO) of ICICI Bank for a three-year term. Re-appointment 2023 October 4 to October 3, 2026 with the consent of the shareholders of Reserve Bank of India and ICICI Bank. He has served as the CEO and MD of the bank since October 15, 2018. Prior to his appointment as MD and CEO, he worked as Wholetime Director and Chief Operating Officer (COO) of the bank.

Industry news on Live Mint; Catch all banking news and updates. Download Mint News App to get daily market updates.

more or less.



Source link