ICICI Bank rises on getting nod from RBI to make I-Process Services as wholly-owned subsidiary
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ICICI Bank is currently trading at Rs. 971.85, up by 1.30 points or 0.13% from its previous closing of Rs. 970.55 on the BSE.
The scrip opened at Rs. 974.00 and has touched a high and low of Rs. 975.15 and Rs. 969.50 respectively. So far 130517 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1008.70 on 24-Jul-2023 and a 52 week low of Rs. 796.10 on 30-Jan-2023.
Last one week high and low of the scrip stood at Rs. 975.15 and Rs. 950.75 respectively. The current market cap of the company is Rs. 680464.99 crore.
The Institutions and Non-Institutions held 89.78% and 10.22% stake in the bank respectively.
ICICI Bank has received a green signal from the Reserve Bank of India (RBI) for making I-Process Services (India) as its wholly-owned subsidiary, subject to certain conditions. The bank currently holds a 19 per cent stake in iProcess.
Started in 2005, I-Process Services (India) was set up to provide staffing solutions services for some of India's top financial institutions. With in-depth experience across recruitment, HR operations, payroll, compliance and training, I-Process can smartly negotiate market challenges and evolving social dynamics to always offer cutting-edge solutions.
ICICI Bank is a leading private sector bank in India.
