ICICI Bank Current Affairs - 2020

SBI, ICICI, HDFC Bank to remain D-SIBs

The Reserve Bank of India (RBI) has announced that SBI, ICICI and HDFC Banks would continue as Domestic Systemically Important Banks (D-SIBs) for 2018. D-SIBs The recognition as Domestic Systemically Important Banks (D-SIBs) implies that banks are too big to fail. This creates an expectation of government support for them in times of financial distress. Read More…

ICICI Bank becomes first Indian bank to go live on SWIFT’s GPI service

India’s largest private sector lender ICICI Bank became first Indian bank to go live on SWIFT’s (Society for World Interbank Financial Telecommunication System) Global Payment Innovation (GPI), an improved cross-border payments service. SWFIT GPI SWFIT GPI was launched in May 2017 to help banks to track their global transactions at all times, keeping full vigil Read More…

ICICI Bank launches EazyPay app for Merchants

ICICI Bank, India’s largest private sector bank has launched EazyPay mobile application for merchants that allows all-in-one acceptance payments platform. This app consolidates all digital wallets, QR code, Unified Payments Interface (UPI), and credit & debit cards modes of payments. With this, ICICI Bank became first bank in the country to roll out all-in-one payments platform.  Read More…

Akodara becomes India’s first Digital Village

Akodara village in Sabarkantha district of Gujarat has earned the coveted tag of becoming India’s first digital village. The village with a total population of 1,191 people and 250 households uses a various cashless system for payments of goods and services. All transactions in the village are carried out through digital modes like SMS, net-banking Read More…

ICICI Bank: First bank to introduce Software Robotics for power banking operations

India’s largest private sector bank ICICI Bank has successfully deployed ‘Software Robotics’ for power banking operations. With this, it becomes first bank in the country and among few globally to deploy ‘Software Robotics’. ICICI Bank has deployed Software Robotics to over 200 business processes across various functions. The 200 business processes include retail banking operations, Read More…