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ICICI Bank gets advantage of MoU with New Development Bank for business partnership

06 May 2016 Evaluate

ICICI Bank is currently trading at Rs. 215.40, up by 0.55 points or 0.26% from its previous closing of Rs. 214.85 on the BSE.

The scrip opened at Rs. 213.85 and has touched a high and low of Rs. 215.60 and Rs. 213.20 respectively. So far 218717 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 337.35 on 06-May-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. 244.00 and Rs. 213.25 respectively. The current market cap of the company is Rs. 124930.29 crore.

The institutions and non-institutions held 65.43% and 9.36% stake in the bank, respectively.

ICICI Bank, India’s largest private bank, has signed a Memorandum of Understanding (MoU) to establish a strategic partnership with the New Development Bank (NDB), a multilateral development bank established by the BRICS states namely Brazil, Russia, India, China and South Africa. The two banks will consider each other as ‘preferred’ partners and will harness their respective resource advantages and professional expertise, to build a long-term, stable and mutually beneficial relationship in the areas of bond issuances, co-financing, treasury management and human resources.

This partnership will help NDB in exploring bond issuance opportunities in the Indian and international bond markets, particularly INR-denominated bonds. ICICI Bank and NDB will also leverage a mutually beneficial partnership in other areas of operations such as treasury risk management, account and cash management services and human resource development.

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

1366.15 18.65 (1.38%)
20-Apr-2026 09:23 View Price Chart
Peers
Company Name CMP
HDFC Bank 793.65
ICICI Bank 1366.15
Axis Bank 1364.80
Kotak Mahindra Bank 382.25
Indusind Bank 851.35
View more..

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