SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

ICICI Bank surges on unveiling credit-linked subsidy scheme under PMAY

14 Mar 2016 Evaluate

ICICI Bank is currently trading at Rs. 222.20, up by 8.40 points or 3.93% from its previous closing of Rs. 213.80 on the BSE.

The scrip opened at Rs. 218.10 and has touched a high and low of Rs. 222.55 and Rs. 218.10 respectively. So far 5884674 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 346.20 on 13-Mar-2015 and a 52 week low of Rs. 180.80 on 26-Feb-2016.

Last one week high and low of the scrip stood at Rs. 222.55 and Rs. 210.10 respectively. The current market cap of the company is Rs. 128245.36 crore.

The Institutions and Non-Institutions held 87.86% and 12.13% respectively.

ICICI Bank has unveiled a credit-linked subsidy scheme for home loans under Pradhan Mantri Awas Yojana (PMAY). The bank has signed a Memorandum of Understaning (MoU) with National Housing Bank (NHB) to facilitate the credit-linked subsidy to eligible borrowers.

Under this scheme, individuals including women borrowers from the economically weaker section and low income group will be able to acquire and construct the first brick-and-mortar house of the family by paying significantly lower equated monthly installments (EMIs) and an eligible customer will get a subsidy at 6.5% per annum on a maximum amount of Rs 6 lakh or the loan amount, whichever is lower, for a maximum tenure of 15 years. The subsidy is computed on the net present value method.

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

1369.40 21.90 (1.63%)
20-Apr-2026 09:27 View Price Chart
Peers
Company Name CMP
HDFC Bank 793.85
ICICI Bank 1369.40
Axis Bank 1367.10
Kotak Mahindra Bank 383.35
Indusind Bank 849.40
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×