MoneyWorks4Me

ICICI Bank soars on inking pact with Paytm to offer small digital loans

17 Nov 2017 Evaluate

ICICI Bank is currently trading at Rs. 328.40, up by 9.25 points or 2.90% from its previous closing of Rs. 319.15 on the BSE.

The scrip opened at Rs. 324.00 and has touched a high and low of Rs. 330.50 and Rs. 324.00 respectively. So far 403417 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 330.50 on 17-Nov-2017 and a 52 week low of Rs. 224.43 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 330.50 and Rs. 309.80 respectively. The current market cap of the company is Rs. 212013.67 crore.

The Institutions and Non-Institutions held 88.47% and 11.54% stake respectively in the bank.

ICICI Bank has entered into a partnership with e-commerce and mobile wallet company Paytm to offer small interest-free loans up to Rs 20,000 to customers who are common to both Paytm and the bank. This would help bring more credibility and trust and, at the same time, expand the market by bringing in more competition.

ICICI Bank is the first bank in the country to leverage on Apple’s virtual voice assistant to enable cross border remittances.

Peers
Company Name CMP
HDFC Bank 703.80
ICICI Bank 1357.00
Axis Bank 1243.90
Kotak Mahindra Bank 440.80
Indusind Bank 876.25
View more..