On April 1, 2026, banks across most of India will be closed for the annual account closing, affecting numerous customers who may find their local branches locked. This closure applies to all scheduled commercial banks, including major institutions like the State Bank of India, Punjab National Bank, and HDFC Bank.

Branches are set to reopen on April 2, except in Kerala, where business will be suspended due to Maundy Thursday. In total, banks in six states—Mizoram, Sikkim, Nagaland, Jharkhand, Meghalaya, and Himachal Pradesh—will remain open on this day.

While physical branches will be closed, digital banking services such as ATMs and UPI will operate normally, allowing customers to access their funds and conduct transactions. However, cheque clearance and settlement-linked transactions may experience delays due to the year-end closing.

April is known for having several bank holidays, including Maundy Thursday and Good Friday, which can lead to a maximum of 14 days of closures throughout the month. Customers should be aware of these dates to plan their banking needs accordingly.

As one official noted, “If you tried visiting your bank branch on Wednesday and found it locked, you are not alone — and there is nothing wrong with your account.” This statement highlights the routine nature of the closure, which is part of the annual banking cycle.

The Reserve Bank of India (RBI) categorizes bank holidays under three classifications: the Negotiable Instruments Act, RTGS holidays, and Banks’ Closing of Accounts. This structured approach helps manage customer expectations during busy periods.

For most customers, the day will pass without any real disruption, as many are accustomed to utilizing digital banking options. However, it is advisable to plan ahead for any transactions that may require physical bank services.

As April approaches, banks will continue to inform customers about the specific dates and services affected by the holidays. Customers are encouraged to stay updated through official communications from their respective banks.

Details remain unconfirmed regarding any additional changes to banking operations during this period. As always, customers should check with their banks for the latest information.

The post 1 april bank holiday: What to Know About the in India? appeared first on yesdaidanews.com.

ICICI Bank shares have recently hit a 52-week low of ₹1,240.75 on March 16, 2023, marking a significant decline in the bank’s stock performance. This drop has erased nearly ₹1.2 trillion in market capitalisation, highlighting the impact of ongoing market volatility on investor sentiment.

Over the past month, the stock has declined about 12%, contributing to a broader trend of downward pressure on financial stocks. The selloff has created selective opportunities in financials despite macro-driven volatility, according to Kotak Institutional Equities.

As of now, ICICI Bank’s trailing earnings per share (EPS) stands at ₹73.27, with a return on equity (ROE) of 15.95% and a net profit margin near 17.24%. The stock currently trades at 17.13 times its trailing earnings and 2.57 times its book value, indicating a significant retracement from its 52-week high of ₹1,494.10.

Despite the recent downturn, Investec maintains a Buy rating on ICICI Bank, with a target price set at ₹1,685.00. This suggests that analysts see potential for recovery in the stock, despite the current challenges it faces.

ICICI Bank’s market capitalisation is valued at ₹8,97,845 crore, constituting 26.75% of the private banking sector’s total market cap. This substantial share highlights the bank’s importance within the financial landscape, even as it navigates turbulent market conditions.

The bank’s next earnings report is scheduled for April 18, 2026, which will provide further insights into its financial health and performance amidst these challenging times. Investors will be closely watching this report for indications of recovery or further decline.

Details remain unconfirmed regarding the specific factors driving this recent selloff, but it is clear that the market’s reaction has been swift and significant. As the situation develops, stakeholders will be keen to see how ICICI Bank adapts to the current market environment and whether it can regain investor confidence.

The post ICICI Bank Share Performance Hits 52-Week Low appeared first on yesdaidanews.com.

ICICI Bank shares have recently experienced a notable decline, hitting a 52-week low of ₹1,240.75 on March 16, 2023. This downturn has resulted in a significant loss of approximately ₹1.2 trillion in market capitalisation, reflecting the broader challenges faced by the banking sector amidst ongoing macroeconomic volatility.

The stock has been on a downward trajectory for the past four consecutive trading days, losing 5.32% during this period. Over the last month, ICICI Bank shares have declined by about 12%, marking a substantial retracement from its previous 52-week high of ₹1,494.10. This decline raises concerns among investors regarding the bank’s future performance and market positioning.

Despite the recent selloff, analysts have pointed out that there are selective opportunities within the financial sector. Kotak Institutional Equities noted, “The selloff has created selective opportunities in financials despite macro-driven volatility.” This suggests that while ICICI Bank faces challenges, there may still be potential for recovery and growth in the sector.

In terms of financial metrics, ICICI Bank’s trailing earnings per share (EPS) stands at ₹73.27, with a return on equity (ROE) of 15.95% and a net profit margin of approximately 17.24%. The stock currently trades at a multiple of 17.13 times its trailing earnings and 2.57 times its book value, indicating that while the stock is under pressure, its underlying financial health remains relatively strong.

Looking ahead, ICICI Bank is scheduled to release its next earnings report on April 18, 2026. Investors will be keenly awaiting this report to gauge the bank’s performance and any potential recovery in its share price. The current market capitalisation of ICICI Bank is valued at ₹8,97,845 crore, which constitutes 26.75% of the total market capitalisation of the private banking sector.

Despite the challenges, Investec has maintained a Buy rating on ICICI Bank, setting a target price of ₹1,685.00. This optimistic outlook from a reputable brokerage may provide some reassurance to investors amid the current fluctuations in share price.

As the market continues to react to economic developments, the future trajectory of ICICI Bank shares remains uncertain. Details remain unconfirmed regarding the factors that may influence a turnaround in the bank’s performance, but analysts will be closely monitoring upcoming earnings reports and market conditions for further insights.

The post ICICI Bank Share Performance Hits 52-Week Low appeared first on yesdaidanews.com.

ICICI Bank’s shares have advanced more than 2%, marking it as one of the top gainers in the banking index. This increase comes as part of a broader rebound in banking stocks, with the Bank Nifty rising nearly 1.5% after a significant decline the previous trading day.

On the trading floor, ICICI Bank opened at ₹1,287.6, reached an intraday high of ₹1,299.5, and ultimately closed at ₹1,292.4. The total traded volume for ICICI Bank was 34,74,731 shares, with a traded value of ₹44,968.93 lakhs.

Despite the recent gains, ICICI Bank’s one-day return was 0.99%, aligning with the performance of the private sector banking sector. The market capitalisation of ICICI Bank stands at ₹9,14,318 crores.

The rebound in banking stocks follows a steep decline in the Bank Nifty, which plunged more than 3% on the previous trading day, opening with a gap-down of nearly 1,650 points. This volatility highlights the fluctuating nature of the market.

Market breadth during this period showed a significant disparity, with 2,817 advancing stocks compared to 733 declining stocks, indicating a generally positive sentiment among investors.

As the market continues to react to these developments, the future trajectory of ICICI Bank and the banking sector at large remains to be seen. Investors and analysts alike are closely monitoring these trends for indications of sustained recovery or further volatility.

Details remain unconfirmed regarding the long-term implications of this rebound, but the immediate response from the market suggests a cautious optimism among stakeholders.

The post Icicibank appeared first on yesdaidanews.com.

Before the recent downturn, the bank nifty index had been performing relatively well, buoyed by a stable economic environment and positive investor sentiment. The banking sector, particularly in India, was seen as a strong performer, with expectations of continued growth driven by robust credit demand and improving asset quality. Investors were optimistic about the potential for further gains in the index, which had been hovering around key support levels.

Decisive Moment and Immediate Changes

However, this optimism was abruptly shattered on March 9, 2026, when the Nifty Bank index fell by a staggering 2,390 points, or 4.14 percent, plunging to 55,393 in early trade. This sharp decline was mirrored across the board, with all 14 banking stocks in the index trading in the red by 9:45 am. The sell-off was triggered by a spike in Brent crude prices, which soared to $118 per barrel due to the ongoing closure of the Strait of Hormuz and attacks on oil and gas infrastructure.

Direct Effects on Banking Stocks

The immediate repercussions of this sell-off were felt acutely by major banking stocks. State Bank of India led the losses, shedding 6.09 percent to ₹1,073.40. Union Bank of India followed closely, down 6.26 percent, while Punjab National Bank fell by 5.51 percent. Other significant players such as HDFC Bank and ICICI Bank also faced declines, dropping 3.38 percent to ₹828.10 and 3.69 percent to ₹1,264.90, respectively. Axis Bank saw a decrease of 4 percent, closing at ₹1,263.20.

Broader Impact on Financial Indices

The fallout from the decline in the bank nifty index extended beyond individual stocks, impacting broader financial indices as well. The Nifty PSU Bank index crashed 5.48 percent to 8,680.85, while the Nifty Financial Services index fell 3.98 percent to 25,592.55. The Nifty Private Bank index also experienced a decline of 3.61 percent, indicating a widespread impact across the banking sector.

Expert Perspectives and Market Analysis

Experts suggest that the sharp decline in the bank nifty index reflects heightened concerns over inflation and rising operational costs due to increased crude prices. The spike in Brent crude not only affects fuel prices but also raises concerns about the overall economic stability, leading to cautious sentiment among investors. Analysts are closely monitoring the situation, as the index has now declined sharply below a critical support level of 56,900, raising questions about the future trajectory of the banking sector.

The recent developments in the bank nifty index underscore the volatility of the financial markets and the interconnectedness of global events. As the situation evolves, market participants will be keenly observing how these factors influence banking stocks and the broader financial landscape. Details remain unconfirmed regarding the long-term implications of these changes, but the immediate effects are evident in the significant losses experienced across the sector.

The post Bank nifty: Significant Decline in Amidst Rising Crude Prices appeared first on yesdaidanews.com.

ICICI Bank has recently recorded a total traded volume of 58,08,170 shares on a trading day, with a traded value of ₹7,351.11 crores. As of 09:44:47 IST, the bank’s last traded price (LTP) stood at ₹1,264.4.

The stock opened at ₹1,272.7, reflecting a decline of 3.1% from the previous close. Throughout the trading day, ICICI Bank’s stock touched an intraday low of ₹1,251.1, which is 4.74% above its 52-week low of ₹1,208.

The private sector banking sector as a whole fell by 3.48% on the trading day, contributing to ICICI Bank’s struggles. Over the past six consecutive trading days, the bank has experienced a cumulative loss of 9.74%.

Despite these challenges, the delivery volume on 6 March surged by 19.94% compared to the five-day average, reaching 1.39 crore shares. This indicates some level of investor interest, even amidst declining prices.

Investment Sentiment

Capitalmind Flexi Cap Fund recently reduced its exposure to ICICI Bank in February, along with other major stocks like HDFC Bank and Bharti Airtel. This move reflects a cautious sentiment among investors regarding the bank’s short-term prospects.

ICICI Bank’s current Mojo Score is 54.0, with a Mojo Grade of ‘Hold’ as of 6 February 2026. This suggests that while the stock is not currently favoured for aggressive buying, it remains a key player with potential for recovery should market conditions improve.

Liquidity and Market Position

The stock’s liquidity remains robust, with the traded value comfortably supporting trade sizes up to ₹51.48 crores based on 2% of the five-day average traded value. This liquidity is crucial for investors looking to navigate the current market landscape.

ICICI Bank’s performance will be closely watched by market participants seeking to gauge the broader financial landscape. The recent developments highlight the challenges faced by the bank and the sector as a whole.

The post ICICI Bank Update: Market Performance and Recent Developments appeared first on yesdaidanews.com.

ICICI Bank’s share price closed at ₹1,313.35 on March 9, 2026, reflecting a 3.39% decline from the previous close of ₹1,359.45. This downturn continues a troubling trend for the bank, as its stock has recorded six consecutive days of decline, cumulatively falling 10.08%.

The stock hit an intraday low of ₹1,261.55, marking a 3.94% drop from the previous close. Analysts note that ICICI Bank’s stock is currently trading below all key moving averages, indicating a downtrend phase that investors are closely monitoring.

Despite the recent struggles, ICICI Bank’s longer-term performance remains robust. Over the past year, the bank has delivered a 3.99% return, outperforming the Sensex, which managed a 3.03% gain during the same period. Furthermore, the stock boasts a remarkable 10-year return of 555.19%, significantly higher than the Sensex’s 220.20%.

In the broader market context, the Bank Nifty dropped over 4% amid a sell-off, while the Sensex closed down 2.95% on the same day. This market environment has contributed to the pressure on ICICI Bank’s shares, which have seen a -4.76% return over the past week and a -6.63% return over the past month, compared to the Sensex’s -2.91% and -5.58% respectively.

ICICI Bank’s Mojo Score currently stands at 54.0, with a Mojo Grade of Hold, suggesting that while the stock is facing short-term challenges, it may still hold potential for recovery in the long run. The stock remains just 4.24% above its 52-week low of ₹1,209.8, a critical level that investors will be watching closely.

As the market continues to react to various economic indicators and trends, observers are keenly watching how ICICI Bank will navigate this turbulent period. The bank’s ability to rebound from this recent decline will be crucial for investor confidence moving forward.

Details remain unconfirmed regarding the factors driving this recent downturn, but the ongoing performance of ICICI Bank will likely remain a focal point for investors and analysts alike.

The post ICICI Bank Share Performance Shows Decline Amid Market Sell-Off appeared first on yesdaidanews.com.