In a bid to enhance capital adequacy, ICICI Bank’s subsidiary- ICICI Prudential Life Insurance Company has raised capital of Rs 1,635 crore from anchor investors ahead of its Initial Public Offer (IPO) of equity, which opens on September 19, 2016. The insurer allotted 48.9 million shares at Rs 334 each to several investors. These included sovereign wealth funds, pension funds and some mutual funds (MFs).
ICICI Bank is the most comprehensive player in the Indian mobile banking industry. It is the numero uno bank in FY16 with close to Rs 1 trillion worth of transactions in mobile banking. It was the first bank to launch a mobile banking application in India, iMobile in 2008.
| Company Name | CMP |
|---|---|
| HDFC Bank | 799.40 |
| ICICI Bank | 1362.30 |
| Axis Bank | 1365.00 |
| Kotak Mahindra Bank | 382.80 |
| Indusind Bank | 852.00 |
| View more.. | |
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.
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.
MoneyWorks4Me ensures this through: