Indian banks to step up IT spends as regulatory scrutiny rises [Reuters]
ICICI Bank Limited (IBN)
US:NYSE Investor Relations:
icicibank.com/aboutus/invest-relations.page
Company Research
Source: Reuters
surge in digital transactions as the central bank intensifies scrutiny on frequent outages, more than half a dozen bankers said. Banks were earlier spending between 6%-8% of total operating expenditure on technology, sharply below the global average of 10%-12%. However, increased scrutiny of banks' IT systems by the Reserve Bank of India (RBI) over the past year and the recent imposed on Kotak Mahindra Bank due to technology-related deficiencies are forcing lenders to take the regulator's concerns more seriously. The RBI has frequently directed banks to reduce tech-related glitches that disrupt customers' ability to transact, five bankers said, declining to be identified as they are not authorised to speak to the media. As operating expenses have grown over the years, Kotak Mahindra Bank spent "significantly" more on technology, Ashok Vaswani, MD and CEO of Kotak Mahindra Bank , said in a post-earnings press conference. However, "what is evident, is that our efforts have fal
Show less
Read more
Impact Snapshot
Event Time:
IBN
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
IBN alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
IBN alerts
High impacting ICICI Bank Limited news events
Weekly update
A roundup of the hottest topics
IBN
News
- PIN: Quality Remains The Way To Go In India [Seeking Alpha]Seeking Alpha
- ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India [Yahoo! Finance]Yahoo! Finance
- ICICI Bank enables NRI customers to use international mobile number to make UPI payments in India [Yahoo! Finance]Yahoo! Finance
- Indian shares log third straight month of gains on strong quarterly results [Reuters]Reuters
- Indian shares set to open higher in line with global peers [Reuters]Reuters
IBN
Sec Filings
- 5/16/24 - Form 6-K
- 5/13/24 - Form 6-K
- 5/6/24 - Form 6-K
- IBN's page on the SEC website