ICICI Bank home loan EMIs set to rise more on 20 bps hike

Recently, the State Bank of India (SBI), HDFC Bank and ICICI Bank acquired a 9.54 percent stake each in Perfios Account Aggregation Services Private Limited (Perfios AA). These banks acquired 8,05,520 equity shares each by paying Rs 4.03 crore each for the stakes.

This last week, on International MSME Day, ICICI Lombard General Insurance Company said it will settle the MSME clients' admissible claims of up to Rs 5 lakh within 10 days of completing the claims survey. The claims settlement process was the first-of-its-kind service to enable faster claim settlement for MSMEs and startups, ICICI Lombard said in a release.

Earlier, the Fed's steepest rate hike in almost three decades has sent the Nifty Bank — which tracks the performance of SBI, ICICI Bank, HDFC Bank ICICI Bank, Bank of Baroda and seven other major lenders — tumbling into the bear zone.