India’s second-largest private sector bank, ICICI Bank, has hiked its minimum balance requirement (MBR) to ₹50,000 per month for customers opening new savings bank accounts, effective from 1 August 2025. As per the latest announcement from the private lender, the bank has increased its minimum account balance requirement to ₹50,000 per month in the metro…
In the surprise move, India’s second-largest private-sector lender has also hiked the requirement for semi-urban areas to ₹25,000 from ₹5,000 and for rural areas to ₹10,000 from ₹5,000. Mint probes what could have led to this step. What are the new terms and conditions? Urban customers who open savings bank accounts with ICICI Bank from…
Despite the surge in hyperlocal, regional-language content across audio and video platforms, smaller creators producing such films, shows, and music say they remain constrained by industry norms that favour mainstream languages like Hindi and English. A key hurdle: ad rates. CPMs (Cost Per Mille, the cost an advertiser pays for 1,000 impressions) for regional content…
The differentiator for artificial intelligence from India could include Indic languages-focused large language models, alongside voice-first models. In an interview with Mint, Abhishek Singh, additional secretary at the Ministry of Electronics and IT (Meity) and chief executive of the Centre’s India AI Mission, said that the country’s push to build its own foundational AI models…
“The focus is to keep growing our core brands while entering categories where we can create value ourselves. We are not chasing volumes for the sake of it; we are building for long-term brand equity and profitability,” joint managing director Hemant Jain told Mint. The June quarter offered a strong start to the year. Revenue…
At least five of its peers earning less than $5 billion in annual revenue announced a dozen such leadership changes in total—ranking vertical heads and above—in less than 45 days. Analysts attribute these changes at mid-tier IT firms to their ambition to grow their business, with many of them luring top talent from their larger…
Aamir Khan’s bold move to release his latest movie Sitaare Zameen Par on YouTube, after a theatrical stint, instead of selling its rights to a streaming platform may not pay off, trade experts cautioned. The pay-per-view model on YouTube could help the film make just about ₹25-30 crore over the next few months as audiences…
Bank holidays next week, August 10-17, 2025: The Reserve Bank of India’s full schedule for August 2025 is out and among the days which banks will be closed next week include Independence Day, Janmashtami, Krishna Jayanthi, Patriot’s Day, besides the weekly offs on Saturdays and Sundays. Overall, the month has a total of 15 listed…
ICICI Bank, the second largest private lender in India has announced a sharp increase in the minimum monthly average balance (MAB) requirement for its savings accounts, effective from August 1, 2025. The change applies to all new accounts opened after that date, setting a new benchmark in the industry for the highest MAB requirement among…
ICICI Bank Charges: In a major announcement, ICICI Bank implemented a steep rise in the minimum balance requirement for its new savings bank accounts opened on or after August 1 by five times to ₹50,000. According to ICICI Bank’s official website, in metro and urban regions, the minimum average monthly balance (MAMB) now stands at…