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ICICI Bank gains on launching ‘Money2World’ for outward remittances

ICICI Bank Ltd. | Bank - Private | BFSI | BSE: 532174 | NSE: ICICIBANK

13 Oct 2015 Evaluate

ICICI Bank is currently trading at Rs. 288.75, up by 1.05 points or 0.36% from its previous closing of Rs. 287.70 on the BSE.

The scrip opened at Rs. 287.00 and has touched a high and low of Rs. 289.60 and Rs. 284.85 respectively. So far 175186 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 393.30 on 28-Jan-2015 and a 52 week low of Rs. 248.00 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 291.40 and Rs. 277.45 respectively. The current market cap of the company is Rs. 167218.24 crore.

The Institutions and Non-Institutions held 61.97% and 8.99% respectively.

ICICI Bank, India’s largest private sector bank, has launched ‘Money2World’, a fully online outward remittance service for resident Indians. With this, non-account holders of ICICI Bank can now transfer money online from any bank account in India to any bank account overseas in 16 major currencies, in a convenient and fully secure manner. A first-of-its-kind service by any bank in India, it is available to users 24x7 on all days. To avail this service, a user has to carry out a simple, one-time online registration on www. money2world. com by uploading her/his KYC documents, thus avoiding the hassle of visiting a bank branch to fill and submit documents for every money transfer.

Once registered, a user can initiate a request anytime, anywhere to remit money abroad, at a confirmed exchange rate, thereby eliminating the worries associated with currency fluctuations. Users can remit money overseas from India using ‘Money2World’ for an array of purposes including education, maintenance of close relatives, medical treatment and visa fee to emigration authorities or embassies, among others.

ICICI Bank is India's largest private sector bank with consolidated total assets of $ 132.17 billion at March 31, 2015. The Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms.

ICICI Bank Share Price

1347.50 2.05 (0.15%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	799.90
ICICI Bank	1347.50
Axis Bank	1359.15
Kotak Mahindra Bank	383.50
Indusind Bank	853.15
View more..

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ICICI Bank gains on launching ‘Money2World’ for outward remittances

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