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ICICI Bank rises on entering into strategic tie up with MMP Mobi Wallet Payment Systems

ICICI Bank Ltd. | Bank - Private | BFSI | BSE: 532174 | NSE: ICICIBANK

20 Dec 2012 Evaluate

ICICI Bank is currently trading at Rs. 1139.70, up by 1.20 points or 0.11% from its previous closing of Rs. 1138.50 on the BSE.

The scrip opened at Rs. 1144.00 and has touched a high and low of Rs. 1144.00 and Rs. 1135.85 respectively. So far 4,686 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1159.00 and a 52 week low of Rs. 671.20.

Last one week high and low of the scrip stood at Rs. 1159.00 and Rs. 1113.55 respectively. The current market cap of the company is Rs. 1,31,423.00 crore.

The Institutions and Non-Institutions held 61.78% and 9.28% stake respectively in the company.

ICICI Bank, India’s largest private sector bank, has entered into a strategic tie up with MMP Mobi Wallet Payment Systems, a 100% subsidiary of Tata Teleservices, one of the leading Mobile Network Operators in India, to launch a money transfer service. MMP will act as a business correspondent of the bank for this service which will allow customers to transfer money for a nominal fee without opening an account.

Using this service, the customers can walk into a retail store of MMP to deposit cash along with an advice giving details of the account of the payee. This money will then be transferred to the bank account of the payee using currently available electronic fund transfer mechanisms such as NEFT, IMPS etc.

The money transfer service will be launched in Mumbai and Delhi to begin with and then in other parts of the country. The partnership leverages strengths, acumen and the security of the financial transactions provided by ICICI Bank and the distribution reach of MMP.

ICICI Bank Share Price

1347.50 2.05 (0.15%)

17-Apr-2026 16:59 View Price Chart

Peers

Company Name	CMP
HDFC Bank	799.90
ICICI Bank	1347.50
Axis Bank	1359.15
Kotak Mahindra Bank	383.50
Indusind Bank	853.15
View more..

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ICICI Bank rises on entering into strategic tie up with MMP Mobi Wallet Payment Systems

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