ICICI Bank Ltd. is in the Banking sector, having a market capitalization of worth Rs.3,91,902.83 Cr as of 16 April 2021. The company was incorporated in 1955. The company has reported its consolidated quarterly revenue of Rs. 19,729.79 Cr at the end of December 2020. This company is found listed on the Bombay Stock Exchange (BSE) with the code 532174 and National Stock Exchange (NSE) with the symbol ICICIBANKEQ. It is a leading private sector bank in India, having a network of 5,288 branches and 15,158 ATMs across the country. It aims at providing a wide range of financial products and services to its corporate and retail customers through many of its delivery channels and group companies.
ICICI Bank Ltd operates through a network of branches located throughout India and has its expertise in corporate and retail banking, apart from its Forex and treasury operations. ICICI Bank also provides a wide variety of investment banking, insurance and financial services to the clients. The bank was incorporated in 1994 by the Industrial Credit and Investment Corporation of India (ICICI), an Indian financial institution, as its fully-owned subsidiary. It was founded as the Industrial Credit and Investment Corporation of India Bank before changing its name to ICICI Bank. Its parent company and ICICI subsidiaries, ICICI Personal Financial Services Ltd and ICICI Capital Services Ltd, later merged with the bank in 2002 in a reverse merger.
ICICI Bank launched Internet Banking operations in 1998. ICICI Bank acquired the Bank of Madura Limited in an all-stock deal in 2001 and sold additional stakes to its institutional investors during 2001–02. In the 1990s, the bank took the shape of a diversified financial services group, offering a wide variety of products and services directly or through many subsidiaries and affiliates. ICICI became the first Indian company and the first bank or a financial institution from non-Japan Asia that listed on the NYSE in 1999. The board of ICICI Bank Ltd approved an investment of INR 1,000 Cr in Yes Bank Ltd in March 2020, resulting in ICICI Bank Limited holding more than a five per cent shareholding in Yes Bank. The bank has its subsidiaries in the UK (having branches in Belgium and Germany) and Canada, a network of its branches in the United States, Bahrain, Hong Kong, Qatar, Oman, Dubai International Finance Centre, China, Singapore, and South Africa. It also has its representative offices in Bangladesh, Indonesia, Malaysia and the United Arab Emirates.
ICICI Bank share price as on 30 Jun 2024 is Rs. 1199.6. Over the past 6 months, the ICICI Bank share price has increased by 19.69% and in the last one year, it has increased by 27.96%. The 52-week low for ICICI Bank share price was Rs. 899 and 52-week high was Rs. 1235.
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