Japjot Singh Sabharwal’s Post

Adani makes credit card foray, ties up with ICICI Bank. MUMBAI: Adani Group chairman Gautam Adani has introduced a credit card in alliance with ICICI Bank, marking his foray into retail finance. The partnership will take on competitors like Tata, Reliance and Aditya Birla groups in a crowded Indian market. The billionaire, through his group's digital platform Adani One, and ICICI Bank have launched the credit card with airport-linked benefits in collaboration with Visa. Cardholders will get up to 7% reward points on spends within the Adani Group ecosystem. These include the Adani One app which can be used for booking flights, hotels, trains, buses and cabs. Spending in Adani-managed airports, Adani CNG pumps and Adani electricity bills is also covered . Gautam Adani's initiative comes at a time when Mukesh Ambani's Reliance Industries has aggressive plans in the financial services sector. Last year, Ambani's retail unit and #SBI launched a co-branded credit card on the RuPay payment network. Aditya Birla Group, too, has co-branded credit cards with SBI and AU Small Finance Bank. #AUSmallFinanceBank Adani Group ICICI Bank #ties #creditcard #India #compition #Indianmarket #finance Institute of Banking Skills and Careers #reliance

I applied for ICICI Bank Adani Group credit card which was system approved but my application got rejected without any call or explanation because I think there was some issue with my office address verification which wasn't even mentioned as my communication address. I was totally surprised to know this as these leading banks are still living in the Stone Age. And to top it all, ICICI Bank due diligence process is so antique that even technology would be ashamed after knowing their process. Who does video due diligence by having a 1-on-1 video call for a simple credit card application? Why don’t they learn the trade from the masters like Zerodha on how to do the video due diligence using technology? How come these banks become leading banks of the country with such low level of technology integration? The day RBI opens up the banking sector for startups, these stone age banks will get wiped out in days and not even months. They are only existing because our financial systems are still very much closed door. ICICI Bank Sachin Ab Roopesh Kajrolkar Shilpi Jain Shaunak D. Joshi Simran Bangera Manoharan P S Ritwik Sen Wilfred Morris Veena Nair Nishad N Amarjit singh Walia Ritwik Sen Rohan Subhedar Satyam Sahu Neelam Rane

ICICI Bank makes history! India's leading private sector bank, ICICI Bank, has achieved a remarkable milestone by crossing the $100 billion mark in market capitalization! This impressive feat is a testament to the bank's commitment to innovation, customer-centricity, and sustainable growth. Watch this reel to learn more about ICICI Bank's journey, its achievements, and its impact on the Indian banking industry! #icicibank #100billiondollars #milestone #indianbankingindustry #marketcapitalization #achievement #indianeconomy #ibsjaipur #icfaibusinessschool #icfai

#CNBCTV18Exclusive | 'We have made tremendous progress. We are engaging with RBI almost on a weekly basis,' says Ashok Vaswani, MD & CEO of Kotak Mahindra Bank as he talked about dealing with the Reserve Bank's restrictions on onboarding new customers in a chat with Shereen Bhan. #Watch #rbi #kotak #kotakmahindrabank #ashokvaswani #exclusive #cnbctv18digital

Goodbye Sir Ace banker Narayanan Vaghul passed away. N Vaghul was the last man standing who witnessed the changing face of India's financial markets in the tumultuous 1990s. From just a development finance institution (albeit as a joint sector with cooperation of agencies like IFC) Vaghul and his protégé, KV Kamath entered the newly opened banking industry. Eventually the banking arm swallowed the DFI. Remember in the 1990s when universal banking licences were awarded both ICICI & HDFC qualified and were among the seven who secured them in the first wave of liberalisation. It was more pertinently Kamath and Vaghul who single handedly groomed many women bankers like Lalita Gupte, Shikha Sharma and Chanda Kochhar. The 1990s were tumultuous years what with BoP crisis and the backdrop of the securities scam aka Harshad Mehta scam. It also saw the arrival of the rival to the BSE and electronic holding of shares. Don't ever think the tectonic changes of the 1990s would be ever replicated. Now his protege, KV Kamath is piloting Jio Financial. What a banker man. This year we lost two bankers, Rana Talwar and N Vaghul. #LinkedIn #Indianeconomy #Indianbanks #ICICIBank

Today, I opened my Demat account, expecting to see a seamless reflection of the upcoming 1:1 bonus shares from Reliance Industries Limited on October 28, 2024. Instead, I was shocked to find that while the share quantity remains unchanged, the price of RIL shares has been halved—just a few days before the bonus issue! This practice is not only confusing but downright misleading, especially in a bearish market where every point matters. Why is ICICIDirect updating the share price today, on October 26, without simultaneously updating the share quantity? This disconnect creates unnecessary panic and confusion for investors who are already dealing with market volatility. In an environment where trust in financial institutions is paramount, this kind of operation can feel like a heart attack waiting to happen. We deserve transparency and clarity, especially when it comes to significant corporate actions like bonus shares. It’s high time that ICICI Direct and other platforms ensure that price and quantity updates happen simultaneously to prevent these shocking experiences. Investors deserve better! 📉💔 #ICICIDirect #RIL #InvestSmart #TransparencyMatters

Market #cap of 9 out of #top 10 #companies #increased by ₹2.01 #lakh crore: #Bharti #Airtel was the top gainer, its value increased by ₹54 #thousand #crore to 9.30 lakh crore In the last week's trading, the combined #market capitalization of 9 of the top 10 companies of the country has increased by Rs 2.01 lakh crore. Among these, Bharti Airtel has gained the most last week. Its market cap has increased by ₹ 54,282 crore to 9.30 lakh crore.The market cap of ICICI Bank has increased https://lnkd.in/dpnuDhtU #Airtelsparkles #gainer #ICICIBank #McapofoftopmostvaluedfirmsjumpRslakhcrore #TataConsultancyServices

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐏𝐫𝐢𝐯𝐚𝐭𝐞 𝐒𝐞𝐜𝐭𝐨𝐫 𝐁𝐚𝐧𝐤𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐈𝐧𝐝𝐢𝐚 (𝐅𝐘 𝟐𝟎𝟐𝟑) HDFC Bank dominates the market with a capitalization of ₹12,406.24 billion, followed by ICICI Bank at ₹7,122.89 billion. Kotak Mahindra and Axis Bank also hold significant positions. Which private sector bank do you think will continue to lead in the coming years? Share your thoughts in the comments below! Source: Statista #PrivateSectorBanks #MarketCapitalization #IndiaBanking #HDFCBank #ICICIBank #KotakMahindra #AxisBank #InvestKraft #FinanceTrends #BankingIndustry #EconomicGrowth

😱😱 SBI holds more ATMs than the next four largest banks combined The reach of State Bank of India (SBI) branches alone eclipses the combined branch count of other major banks, solidifying SBI's unparalleled dominance in the banking sector, with a remarkable network exceeding 22,000 branches. SBI not only surpasses the combined ATM count of the last eight banks but also holds more ATMs than the next four largest banks combined—HDFC Bank, ICICI Bank, Kotak Mahindra Bank, and Bank of Baroda. HDFC Bank emphasizes technological efficiency, while ICICI Bank focuses on accessibility with a high branch-to-ATM ratio. Axis Bank strategically prioritizes ATMs, and IndusInd Bank maintains a balanced network for efficient service. Yes Bank showcases an emerging market presence, and Punjab National Bank (PNB) and Bank of Baroda (BoB) share comparable influence. Kotak Mahindra Bank exhibits continuous growth, contributing to the evolving landscape of the Indian banking sector. #banking #indianbank #bankingsector #sbi #hdfcbank #icici #pnb #axisbank #bankofbaroda #kotakbank #zactor