ICICI Bank rises as its arm enters into co-lending partnership with Easy Home Finance
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ICICI Bank is currently trading at Rs. 745.45, up by 1.85 points or 0.25% from its previous closing of Rs. 743.60 on the BSE.
The scrip opened at Rs. 738.90 and has touched a high and low of Rs. 746.90 and Rs. 738.90 respectively. So far 27927 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. 616.40 on 21-Jun-2021.
Last one week high and low of the scrip stood at Rs. 757.20 and Rs. 738.90 respectively. The current market cap of the company is Rs. 518044.85 crore.
The promoters holding in the company stood at 88.77%, while Non-Institutions held 11.23%.
ICICI Bank’s subsidiary company -- ICICI Home Finance (ICICI HFC) has entered into co-lending partnership with Easy Home Finance to disburse affordable home loans in the country. This partnership will leverage ICICI HFC’s expertise in affordable housing segment and EASY’s tech capabilities to enable quick disbursement of affordable home loans.
The co-origination, underwriting and disbursement activities from both the parties together will enable a seamless process for new home buyers. Easy’s asset-light model of Neo Banking Mortgage and a greater reach for digital home loans combined with rural – urban connect of ICICI HFC will help customers get home loan processed faster.
ICICI Bank is a leading private sector bank in India.
