Tag: ICICI Bank

ICICI Bank releases iMobile Pay to offer Payments

December 8, 2020

• The private lender ICICI Bank has started a new version of its mobile payment app called iMobile Pay, to offer payment and banking services to customers of any bank.
• The latest version of the app is interoperable and will now support payments and other banking services to even those customers who do not hold an ICICI Bank account.

IRDAI authorizes ICICI Lombard acquisition of Bharti Axa General

November 30, 2020

• The Insurance Regulatory and Development Authority of India (IRDAI) has given its in-principle permission for the merger of Bharti AXA General Insurance with ICICI Lombard.
• The merged entity will have a market share of around 8.7 percent on a proforma basis in the general insurance business.

ICICI Bank starts ‘Mine’ a comprehensive banking programme

November 6, 2020

• Private lender ICICI Bank has started a comprehensive banking programme for its millennial customers, (in the age limit of 18 years to 35 years ), called ‘ICICI Bank Mine’.
• The ‘ICICI Bank Mine’ is India’s first and unique product started by the bank to offer a mobile-first, highly personalized and experiential led banking experience to the millennial customers.

CCI Approves Acquisition of Bharti AXA by ICICI Lombard

November 2, 2020

• The Competition Commission of India (CCI) has approved the acquisition of General Insurance Business of Bharti AXA General Insurance Company Limited (Bharti AXA) by ICICI Lombard General Insurance Company Limited.

“Apna Ghar Dreamz” Home Loan Scheme launched by ICICI Home Finance

September 18, 2020

• “Apna Ghar Dreamz” Home Loan Scheme launched by ICICI Home Finance. It is a new home loan scheme for skilled laborers like electricians, mechanics, painters, grocery store owners etc in the informal sector of Delhi.

ICICI Bank launches iStartup 2.0

September 11, 2020

• To cater to the banking needs of startups and entrepreneurs, ICICI Bank has launched a new product named iStartup 2.0.

ICICI Bank launches ‘Home Utsav’

September 4, 2020

• ICICI Bank has launched a virtual property exhibition under the name ‘Home Utsav’ to digitally showcase real estate projects by renowned developers across India. The exhibition can be accessed on www.homeutsavicici.com.

ICICI: 1st Bank in India Uses Satellite Data to Assess Credit Worthiness of Farmers

August 26, 2020

• ICICI Bank Becomes the 1st Bank in India Uses Satellite Data to Assess Credit Worthiness of Farmers. The satellite data with demographic and financial details, provides strong information on the land asset of the farmer.

Swiggy starts digital wallet ‘Swiggy Money’ in partnership with ICICI Bank

July 1, 2020

• Bengaluru-based food tech unicorn Swiggy on 30th June declared the release of its own digital wallet ‘Swiggy Money’ to facilitate a ‘single-click checkout experience’ on its platform.
• The digital wallet in partnership with ICICI Bank will allow Swiggy users to store money and be used for all food orders on Swiggy.

PhonePe pairs-up with ICICI Bank on UPI multi-bank model

June 30, 2020

• Flipkart-owned PhonePe it has tied-up with ICICI Bank on UPI multi-bank model, providing its customers the option to make and utilize multiple UPI IDs with ICICI and Yes Bank”s handles.