MoneyWorks4Me

ICICI Bank rises on launching instant digital credit facility ‘PayLater’

02 Nov 2018 Evaluate

ICICI Bank is currently trading at Rs. 353.85, up by 0.45 points or 0.13%, from its previous closing of Rs. 353.40 on the BSE.

The scrip opened at Rs. 356.50 and has touched a high and low of Rs. 357.65 and Rs. 353.30 respectively. So far 5288865 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 365.65 on 29-Jan-2018 and a 52 week low of Rs. 256.50 on 16-Jul-2018.

Last one week high and low of the scrip stood at Rs. 358.40 and Rs. 326.65 respectively. The current market cap of the company is Rs. 228020.31 crore.

The Institutions holding in the company stood at 89.51%, while Non-Institutions held 10.49%.

ICICI Bank has launched an instant digital credit facility to enable customers to buy small ticket items immediately in a completely digital and paperless manner. Christened ‘PayLater by ICICI Bank’, the facility enables customers to shop online, pay bills and pay to any merchant UPI ID at physical stores instantly. This facility leverages upon the technology unveiled in BHIM UPI 2.0 to extend digital credit to customers for making payments using UPI.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.

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..