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ICICI Bank trades higher on plan of setting infrastructure debt fund

09 Mar 2012 Evaluate

ICICI Bank is currently trading at Rs. 900.00, up by 39.40 points or 4.58% from its previous closing of Rs. 861.10 on the BSE.

The scrip opened at Rs. 875.00 and has touched a high and low of Rs. 909.80 and Rs. 875.00 respectively. So far 4,02,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1137.90 on 15-Apr-2011 and a 52 week low of Rs. 641.00 on 19-Dec-2011.

Last one week high and low of the scrip stood at Rs. 914.70 and Rs. 843.50 respectively. The current market cap of the company is Rs. 103794 crore.

The promoters holding in the company stood at NA% while Institutions and Non-Institutions held 62.66% and 10.82% respectively.

Private sector lender ICICI Bank with other financial biggies, including Bank of Baroda and Life Insurance Corporation is likely to set up an infrastructure debt fund (IDF) as a non-banking finance company (NBFC), country's first IDF under the company route. In the presence of the Finance Minister, Pranab Mukherjee, memorandum of understanding will be signed for this purpose on March 5, 2012.

IDF will be a mutual fund that would issue units. On the other hand, a company-based fund is an NBFC that would issue bonds to domestic as well as foreign investors. 

The bank has posted a jump of 20.26% in its net profit of Rs 1,728.10 crore for the quarter ended December 31, 2011 as compared to Rs 1,437.02 crore for the same quarter in the previous year. Total income has increased by 24.14% from Rs 8,444.75 crore for Q3FY11 to Rs 10,483.73 crore in the quarter under review.

 

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
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