MoneyWorks4Me

ICICI Bank rises on opening 23 new branches in Tamil Nadu in FY20

08 Nov 2019 Evaluate

ICICI Bank is currently trading at Rs. 488.00, up by 9.30 points or 1.94% from its previous closing of Rs. 478.70 on the BSE.

The scrip opened at Rs. 480.00 and has touched a high and low of Rs. 490.35 and Rs. 480.00 respectively. So far 387522 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 490.35 on 08-Nov-2019 and a 52 week low of Rs. 335.90 on 11-Dec-2018.

Last one week high and low of the scrip stood at Rs. 490.35 and Rs. 462.60 respectively. The current market cap of the company is Rs. 309348.62 crore.

The Institutions holding in the company stood at 88.90% and Non-Institutions held 11.10%.

ICICI Bank has opened 23 new branches in Tamil Nadu during this fiscal year (FY20). As part of its network expansion plan, the bank plans to open 450 new branches of which 385 have already been set up.

The 23 new branches were set up in places like Chennai, Coimbatore, Tiruppur, Madurai and Kanyakumari. With the setting up of new branches, the total number of branches in Tamil Nadu was 508 and extension counters along with 1,650 ATM networks.

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 710.20
ICICI Bank 1341.60
Axis Bank 1248.50
Kotak Mahindra Bank 431.25
Indusind Bank 906.95
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