ICICI Bank moves up on targeting to double loan book to SMEs in next two years
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ICICI Bank is currently trading at Rs. 753.90, up by 6.60 points or 0.88% from its previous closing of Rs. 747.30 on the BSE.
The scrip opened at Rs. 750.00 and has touched a high and low of Rs. 758.15 and Rs. 750.00 respectively. So far 119125 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. 584.75 on 05-May-2021.
Last one week high and low of the scrip stood at Rs. 768.00 and Rs. 732.60 respectively. The current market cap of the company is Rs. 519368.71 crore.
The Institutions and Non-Institutions held 88.77% and 11.23% stake respectively in the company.
ICICI Bank is targeting to double its loan book to small and medium enterprises (SMEs) in the next two years on higher demand from the segment. The second-largest private sector lender has seen that in the last two years, the SME loan book has doubled to Rs 40,000 crore at the end of FY22, while the business banking loan book has trebled to nearly Rs 53,000 crore in the last three years. Taken together, the business banking and SME book occupied 11 per cent of the total loan book at the end of FY22.
ICICI Bank is a leading private sector bank in India.
