ICICI Bank jumps on inking pact with KredX
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ICICI Bank is currently trading at Rs. 765.05, up by 10.70 points or 1.42% from its previous closing of Rs. 754.35 on the BSE.
The scrip opened at Rs. 753.90 and has touched a high and low of Rs. 765.35 and Rs. 751.55 respectively. So far 694731 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 859.70 on 25-Oct-2021 and a 52 week low of Rs. 531.00 on 19-Apr-2021.
Last one week high and low of the scrip stood at Rs. 765.35 and Rs. 725.50 respectively. The current market cap of the company is Rs. 530773.68 crore.
The Institutions and Non-Institutions holding in the company stood at 89.29% and 10.70% respectively.
KredX, India's largest supply chain finance company, has partnered with ICICI Bank to offer 'ICICI Bank - KredX Commercial Card', for B2B payments. The first-of-its-kind cashback card is an exclusive offering by KredX that enables businesses to avail financial rewards instantly for all B2B payments, without incurring any additional cost. This partnership creates a unique offering to empower B2B payments by solving the complexities associated with these payments, especially vendor payments across segments.
The commercial card offers a simple payment process on the unified platform of KredX. It provides a single view dashboard for all the payment transactions and a management interface. Thus, providing business efficiency and added financial benefits with the cashbacks that complements the efforts of businesses for B2B payments.
ICICI Bank is a leading private sector bank in India.
