ICICI Bank surges on launching two new products for NRI customers at GIFT City branch
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ICICI Bank is currently trading at Rs. 925.70, up by 2.85 points or 0.31% from its previous closing of Rs. 922.85 on the BSE.
The scrip opened at Rs. 927.80 and has touched a high and low of Rs. 927.80 and Rs. 924.00 respectively. So far 32706 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 942.70 on 25-Oct-2022 and a 52 week low of Rs. 642.00 on 07-Mar-2022.
Last one week high and low of the scrip stood at Rs. 927.80 and Rs. 910.60 respectively. The current market cap of the company is Rs. 645363.64 crore.
Institutions and Non-Institutions held 89.73% and 10.28% stake in the company.
ICICI Bank has launched two new products, namely Loan Against Deposits (LAD) and Dollar Bonds, for NRI customers at its branch in GIFT City, the Gujarat-based emerging global financial and IT services hub. ICICI Bank is the first bank to offer these products in GIFT City.
Moreover, ICICI Bank’s branch at GIFT City offers banking solutions to corporates including Transaction Banking, Current Accounts, Foreign Currency Deposits, Trade Finance (for importers and exporters), Corporate Finance including External Commercial Borrowing and Foreign Currency Term Loans.
ICICI Bank is a leading private sector bank in India.
