The Reserve Bank of India (RBI) has, by an order dated May 03, 2021, imposed a monetary penalty of ₹ 3 Crores on the Bank. This penalty has been imposed under the provisions of section 47 A (1) (c) read with sections 46 (4) (i) of the Banking Regulation Act, 1949 for shifting certain investments from HTM category to AFS category in May 2017. The Bank had transferred two separate categories of securities on two different dates from HTM to AFS in April and May of 2017, which it believed was permissible as per Master Circular on Prudential Norms for Classification, Valuation and Operation of Investment Portfolio by Banks' dated July 01, 2015. RBI has held that the shifting of securities the second time in May 2017 without explicit permission was in contravention of RBI directions.
Shares of ICICI BANK LTD. was last trading in BSE at Rs.597 as compared to the previous close of Rs. 600.4. The total number of shares traded during the day was 624577 in over 11464 trades.
The stock hit an intraday high of Rs. 598.95 and intraday low of 587.45. The net turnover during the day was Rs. 369822878.