MoneyWorks4Me

ICICI Bank gains on launching digital platform for MSMEs

17 Jul 2019 Evaluate

ICICI Bank is currently trading at Rs. 425.50, up by 0.95 points or 0.22% from its previous closing of Rs. 424.55 on the BSE.

The scrip opened at Rs. 424.05 and has touched a high and low of Rs. 426.90 and Rs. 422.65 respectively. So far 462504 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 443.85 on 27-Jun-2019 and a 52 week low of Rs. 259.50 on 19-Jul-2018.

Last one week high and low of the scrip stood at Rs. 432.80 and Rs. 421.20 respectively. The current market cap of the company is Rs. 274591.21 crore.

The Institutions and Non-Institutions held 88.79% and 11.21%, stake in the Bank, respectively.

ICICI Bank has launched a new digital platform targeted at micro, small and medium enterprises (MSMEs) and self- employed customers to enable them to undertake their business banking transactions digitally and instantly.

The platform called ‘InstaBIZ’ offers over 115 products and services online through the mobile and internet banking channel.

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 717.00
ICICI Bank 1352.00
Axis Bank 1220.35
Kotak Mahindra Bank 409.60
Indusind Bank 957.60
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