ICICI Bank gains on deploying industrial ‘Robotic Arms’ to digitise operations

30 Aug 2019

ICICI Bank is currently trading at Rs. 405.75, up by 1.05 points or 0.26% from its previous closing of Rs. 404.70 on the BSE.

The scrip opened at Rs. 408.40 and has touched a high and low of Rs. 408.75 and Rs. 402.80 respectively. So far 448671 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. 294.80 on 04-Oct-2018.

Last one week high and low of the scrip stood at Rs. 420.40 and Rs. 393.00 respectively. The current market cap of the company is Rs. 261682.20 crore.

The Institutions holding in the company stood at 88.57%, while Non-Institutions held 11.03% stake in the company.

ICICI Bank has deployed industrial ‘Robotic Arms’ to digitise operations at its currency chests. The Bank is the first commercial bank in the country and among few globally to customise and deploy industrial robots to automate and perform repetitive high volume steps in handling cash processing on high-end note sorting machines.

The robotic arms have been deployed at the Bank’s currency chests across 12 cities namely New Delhi, Jaipur, Chandigarh, Mumbai, Bengaluru, Hyderabad, Bhopal, Sangli, Mangaluru, Raipur, Siliguri and Varanasi.

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.

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