ICICI Bank surges on signing MoU with APEPDCL

ICICI Bank is currently trading at Rs. 267.00, up by 3.55 points or 1.35% from its previous closing of Rs. 263.45 on the BSE.

The scrip opened at Rs. 263.95 and has touched a high and low of Rs. 267.60 and Rs. 263.50 respectively. So far 116539 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 393.30 on 28-Jan-2015 and a 52 week low of Rs. 248.00 on 07-Sep-2015.

Last one week high and low of the scrip stood at Rs. 270.00 and Rs. 260.00 respectively. The current market cap of the company is Rs. 154879.84 crore.

The institutions and non-institutions held 61.97% and 8.99% stake in the company respectively.

ICICI Bank has signed a Memorandum of Understanding (MoU) with Andhra Pradesh Eastern Power Distribution Company (APEPDCL) to facilitate the online payment of electricity bills. The bank has unveiled the facility under the name ‘ICICI Bank- Eazy Pay’ in its website and it can be hyperlinked to the website of APEPDCL and by logging into it one can pay the bills by using debit or credit card, net banking or RTGS and NEFT transfer. This facility can be availed by all the 52 lakh consumers of the Discom.

ICICI Bank is India's largest private sector bank with consolidated total assets of $ 132.17 billion at March 31, 2015. The Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms.