ICICI Bank gains on enabling customers to break high-value transactions into EMIs
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ICICI Bank is currently trading at Rs. 570.75, up by 3.30 points or 0.58% from its previous closing of Rs. 567.45 on the BSE.
The scrip opened at Rs. 569.00 and has touched a high and low of Rs. 575.20 and Rs. 557.20 respectively. So far 463658 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 679.30 on 16-Feb-2021 and a 52 week low of Rs. 281.55 on 25-Mar-2020.
Last one week high and low of the scrip stood at Rs. 589.25 and Rs. 557.20 respectively. The current market cap of the company is Rs. 388717.69 crore.
The Institutions and Non-Institutions holding in the company stood 90.34% and 9.66% respectively.
ICICI Bank's customers can break their high value transactions of over Rs 50,000 into suitable EMIs directly on its internet banking platform to make their purchases more affordable. The facility is the first in the industry, the bank added. It will be applicable on transactions up to Rs 5 lakh and will bear no additional cost on the customers. The facility will enable customers convert their high-value transactions up to Rs 5 lakh into easy monthly instalments.
ICICI Bank is a leading private sector bank in India.
