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ICICI Bank gains on launching API Banking portal

16 Jan 2020 Evaluate

ICICI Bank is currently trading at Rs. 537.40, up by 2.00 points or 0.37% from its previous closing of Rs. 535.40 on the BSE.

The scrip opened at Rs. 534.90 and has touched a high and low of Rs. 540.20 and Rs. 532.00 respectively. So far 469741 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 552.40 on 30-Dec-2019 and a 52 week low of Rs. 336.25 on 14-Feb-2019.

Last one week high and low of the scrip stood at Rs. 546.45 and Rs. 530.65 respectively. The current market cap of the company is Rs. 348005.86 crore.

The Institutions and Non-Institutions held 88.90% and 11.10%, stake in the Bank, respectively.

ICICI Bank has launched an API Banking portal, consisting the maximum number of virtual application programming interfaces (APIs) put together by any Indian bank. It enables partner companies to co- create innovative customer solutions in a frictionless manner and in a fraction of time usually taken for such integration, thereby significantly increasing their productivity.

APIs are a set of instructions, which enable third party applications to communicate with the Bank’s various technology applications and collaborate to bring in new customer propositions.

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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