Latest news with #ICICIBank
Mint
6 hours ago
- Business
- Mint
Applying for an ICICI credit card? Here's the credit score you should aim for
As of May 2025, ICICI Bank generally requires a credit score of 750 or above for considering and approving most of its credit applications i.e., personal loans and credit cards. A high credit score simply reflects respectable credit behaviour. It reassures lenders of timely repayments and reduces risk. As per ICICI Bank's official website, eligibility criteria vary across different card types and loan products. Still, a strong credit profile always remains a consistent pre-requisite for securing loans from ICICI Bank. Even the Reserve Bank of India (RBI) continues to highlight the importance of responsible credit underwriting by financial institutions. The regulator advises credit card users and borrowers to regularly monitor their credit scores on a consistent basis. This is important to avoid overleveraging and effective financial management, especially in an environment where financial awareness has limited reach. There are several factors that cumulatively influence the eligibility of individuals while they are applying for a credit card with ICICI Bank: Criteria ICICI Bank standard requirement Credit score A score of 750+ is preferred Minimum income ₹ 2.5 lakh annually (varies by card type) Employment type Salaried or self employed with steady income Existing debt loan Low debt to income ratio preferred Credit history Minimum 6 to 12 months of active credit usage Note: The criteria discussed above is illustrative in nature. For the detailed requirements on a case to case basis refer to the official website of ICICI Bank and discuss with the certified customer support executive. A very low credit score i.e., a score in the range of 650 to 749 might also assist in qualifying for select credit instruments from ICICI Bank but with reduced credit limits and several restrictions on repayments. There are also options of applying for secured credit cards such as ICICI Bank Instant Platinum Credit Card. This card provides for credit against a fixed deposit of ₹ 50,000 and does not require any credit score. 50,000 and does not require any credit score. An individual's credit utilisation ratio, repayment history, along with the total number of active credit accounts are increasingly used to carry out eligibility and background assessments. The ICICI Bank provides its credit card users with several unique credit card options. For example, for shopping (Amazon Pay), fuel (HPCL super saver), travel (MakeMyTrip) and premium users (Emeralde, Sapphiro). The bank also offers unique co-branded cards like the Manchester United credit card for individuals who are football lovers. For more information and related terms and conditions on the above discussed credit cards refer to the official website of ICICI Bank and its dedicated customer support team. Hence, a credit score of 750 or higher provides for the best chance for aspirational applicants of credit cards for an ICICI Bank credit card approval. Still, taking into consideration the credit integrity, repayment potential, credit history and existing liabilities are equally crucial. Therefore, as an applicant you should on your part ensure that you have a clean credit profile, a consistent repayment history and a sincere willingness to make on time repayments if you aspire to apply and secure a credit card or a personal loan from ICICI Bank. As such a behaviour will not only keep your credit score healthy, it will even boost your relationship with the bank in the long run. Disclaimer: Mint has a tie-up with fintechs for providing credit; you will need to share your information if you apply. These tie-ups do not influence our editorial content. This article only intends to educate and spread awareness about credit needs like loans, credit cards and credit scores. Mint does not promote or encourage taking credit, as it comes with a set of risks such as high interest rates, hidden charges, etc. We advise investors to discuss with certified experts before taking any credit.
Time of India
14 hours ago
- Business
- Time of India
ICICI Bank Share Price Live Updates: ICICI Bank's beta suggests increased risk
30 May 2025 | 08:41:21 AM IST Discover the ICICI Bank Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock. Keep track of ICICI Bank with the latest details, including: Last traded price 1456.5, Market capitalization: 1037308.79, Volume: 15545514, Price-to-earnings ratio 20.33, Earnings per share 71.65. Our comprehensive coverage combines fundamental and technical indicators to provide you with a comprehensive view of ICICI Bank's performance. Stay informed about breaking news that can sway ICICI Bank's trajectory in the market. With our expert insights and stock recommendations, make well-informed financial decisions. Join us on this journey as we explore the exciting potential of ICICI Bank. The data points are updated as on 08:41:20 AM IST, 30 May 2025 Show more
News18
a day ago
- Business
- News18
India's Q4 GDP Data To Be Out Tomorrow: Here Is What Various Estimates Say
Last Updated: India's Q4 FY25 GDP data: Estimates suggest growth between 6.4% and 7%, with SBI at 6.4-6.5%, Icra at 6.9%, CareEdge at 6.8%, and ICICI Bank and Union Bank at 7%. India's growth momentum picked up in the second half of the financial year compared with the first half, as per estimates. Q4 GDP Growth Data: India's Q4FY25 GDP data is scheduled to be released on Friday at 4 pm. According to estimates, the country's economic growth is expected to have increased during the quarter amid better agriculture growth, and may remain in the range of 6.4 per cent to 7 per cent. In its latest estimates, SBI pegged India's Q4FY25 GDP growth in the range of 6.4-6.5 per cent. Icra expects it to grow 6.9 per cent, CareEdge sees it at 6.8 per cent, and both ICICI Bank and Union Bank of India peg the March 2025 quarter growth at 7 per cent. The Reserve Bank of India (RBI) projects the country's economy to grow at 6.6 per cent in Q4 FY25. In the previous quarter ended December 2024 (Q3 FY25), India's GDP growth had stood at 6.2 per cent. 'India's growth momentum picked up in H2, the second half of the financial year compared with the first half. One key reason for this is the increase in rural demand, supported by strong agricultural production. Construction activity has also remained steady," ICICI Bank said in its report. Urban demand has been weak so far, though it is expected to improve gradually, especially with the potential implementation of the new Pay Commission, it added. ICICI Bank expects gross value added (GVA) growth for Q4FY25 at 6.4 per cent. The difference between GVA and GDP is due to higher net taxes. Economists at Citi wrote 'resilient (agricultural) activity continues to bode well for rural consumption," adding that they 'remain bearish on urban consumption" in the first half of the current fiscal year, with a recovery driven by policy stimulus. However, economists cautioned that erratic US trade policy since the start of the year presents a shaky backdrop for future growth prospects. ICRA Chief Economist Aditi Nayar said both private consumption and trends for investment activity were uneven in Q4 FY2025, with the latter partly owing to tariff-related uncertainty. A separate Reuters poll taken last month found U.S. tariffs had negatively hit business sentiment, which bodes poorly for a long-expected pickup in corporate spending. Full-Year GDP Growth Estimates For the full financial year 2024-25, most estimates peg the country's GDP growth at 6.3 per cent. This is slightly lower than the government's current estimate of 6.5 per cent in the second advance estimates (SAE). In FY25, the Indian economy in June, September and December quarters grew at 6.5 per cent, 5.6 per cent and 6.2 per cent, respectively. In the year-ago quarter (March 2024) or Q4 FY24, the GDP growth had stood at 7.8 per cent. India Surpasses Japan To Become 4th Largest Economy Meanwhile, India has surpassed Japan to become the world's fourth largest economy according to IMF data, as announced by NITI Aayog CEO BVR Subrahmanyam. Following the 10th Governing Council meeting of NITI Aayog, Mr. Subrahmanyam informed reporters that the current geopolitical and economic climate is favorable for India. 'As of now, we are the fourth largest economy and a $4 trillion economy," he stated. According to the IMF, India's GDP is currently $4.187 trillion, overtaking Japan's $4.186 trillion. Citing IMF data, Subrahmanyam said India today is larger than Japan. First Published: May 29, 2025, 16:07 IST
Mint
a day ago
- Business
- Mint
Sensex, Nifty 50 snap 2-day losing run; investors earn nearly ₹2 lakh crore— 10 key highlights from Indian stock market
Indian stock market benchmarks—the Sensex and the Nifty 50—closed in positive territory on Thursday, May 29, snapping their two-day losing run on fag-end buying in select blue-chip stocks. The Sensex closed 321 points, or 0.39 per cent, higher at 81,633.02, with HDFC Bank" data-vars-link-type="Auto" data-vars-page-type="story">HDFC Bank, Infosys, Reliance Industries, ICICI Bank" data-vars-link-type="Auto" data-vars-page-type="story">ICICI Bank, and Axis Bank as top contributors. The Nifty 50 settled at 24,833.60, up 81 points, or 0.33 per cent. The BSE Midcap and Smallcap" data-vars-link-type="Auto" data-vars-page-type="story">Smallcap indices also ended with gains of 0.48 per cent and 0.39 per cent, respectively. The overall market capitalisation of BSE-listed firms rose to nearly ₹ 446 lakh crore from nearly ₹ 444 lakh crore in the previous session, making investors richer by about ₹ 2 lakh crore in a day. The Indian stock market ended higher amid positive global cues after a US federal court blocked President Donald Trump's reciprocal tariffs announced on April 2. The market witnessed some volatility due to the expiry of May futures and options (F&O) contracts. However, investors bought shares on dips, as the medium- to long-term outlook remains positive, supported by a healthy macroeconomic environment. (This is a developing story. Please check back for fresh updates.)
India Gazette
a day ago
- Business
- India Gazette
India's GDP likely grew by 7% in Q4FY25; current fiscal year GDP to settle at 6.3%: Report
New Delhi [India], May 29 (ANI): India's economy is estimated to have grown by 7 per cent year over year in the fourth quarter of the financial year 2025, according to a recent report by ICICI Bank. As per the ICICI Bank report, this marked a stronger growth momentum in the second half of the financial year compared to the first half, powered by a rise in government spending and a pick-up in rural demand, domestic travel and services exports. The report stated, 'In Q4FY25, we expect GDP growth at 7 per cent, which is much higher than GVA. This should take overall GDP growth for FY25 to 6.3 per cent.' It highlighted that India's growth momentum picked up in H2, the second half of the financial year compared with the first half. One key reason for this is the increase in rural demand, supported by strong agricultural production. Construction activity has also remained steady. Urban demand has been weak so far, though it is expected to improve gradually, especially with the potential implementation of the new Pay Commission. In terms of numbers, the report estimates Gross Value Added (GVA) growth for Q4FY25 at 6.4 per cent, while GDP growth is seen higher at 7 per cent. The difference between GVA and GDP is due to higher net taxes. A similar pattern was observed in Q4 last year, where GVA growth stood at 7.3 per cent, while GDP growth was significantly higher at 8.4 per cent. For the full financial year 2025, the report pegs GDP growth at 6.3 per cent. This is slightly lower than the government's current estimate of 6.5 per cent in the Second Advance Estimates (SAE). The report noted that the trend of lower subsidies, especially due to reduced energy prices, is likely to continue into FY26 and support economic growth. The bank also said that the main drivers of growth are unlikely to change in the near future, with rural areas expected to perform better again, helped by an above-normal monsoon. Continued government spending is also expected to boost growth further. However, exports remain a concern. While India's goods exports to the United States rose 27 per cent year-on-year in April, this pace is unlikely to be sustained in the coming months. Still, lower oil prices are expected to be a positive factor. India's Provisional Gross Domestic Product (GDP) for the fourth quarter and Financial Year (FY25) are likely to be released with a few days. (ANI)
