search-icon

Top Indices & Stocks

Nifty 50
₹19,716.45
+0.26%
51.75
Nifty Bank
₹44,588.30
-0.08%
-35.90
SENSEX
₹66,118.69
+0.26%
173.22
HDFC BANK LT
₹1,526.85
-0.70%
-10.80
ADANI POWER
₹375.35
-0.57%
-2.15
VEDANTA LIMI
₹209.00
-6.70%
-15.00
TATA MOTORS
₹620.15
+0.06%
0.35
ADANI GREEN
₹1,018.75
+0.64%
6.45
RAIL VIKAS N
₹168.50
+1.08%
1.80
MRF LTD
₹110,009.65
+0.26%
290.05
RELIANCE IND
₹2,368.90
+1.13%
26.40
INDIAN RAILW
₹75.40
-0.72%
-0.55
TATA CONSULT
₹3,589.30
+0.10%
3.60
YES BANK LIM
₹17.35
0.00%
0.00
INDIAN OIL C
₹90.40
-1.74%
-1.60
IDFC FIRST B
₹97.55
+2.09%
2.00
ADANI PORT &
₹830.70
+1.14%
9.35
TATA POWER C
₹259.75
-0.04%
-0.10
ADANI ENTERP
₹2,483.30
+1.03%
25.35
RELIANCE POW
₹19.20
+1.05%
0.20
SUZLON ENERG
₹25.65
-1.35%
-0.35
ZOMATO LIMIT
₹100.10
+0.20%
0.20
STATE BANK O
₹589.75
-0.78%
-4.65
TATA STEEL L
₹128.15
-0.58%
-0.75
ADANI ENERGY
₹816.20
-0.20%
-1.65
ITC LTD
₹449.15
+1.51%
6.70
VODAFONE IDE
₹12.00
-0.83%
-0.10
JIO FIN SERV
₹227.35
-1.32%
-3.05
₹ 943.10
-5.60 (-0.59%)
93% Buy 👍 Sector logoBank
demat-image

Want to invest in this stock?

Open a FREE Demat account in just 2 mins!

Sign Up And Open Demat Account Online - Upstox
+91
Please enter a valid 10 digit phone number
By signing up, you agree to receive transaction updates from Upstox.

Get access to more insightful information

By signing up to Upstox today
Signup signup
signup
Shareholding Info
  • Foreign institutions-FII
    44.53 %
  • Other domestic institutions
    16.03 %
  • Retail and other
    10.22 %
  • Mutual Funds
    29.22 %

Upcoming IPO
Vishnusurya Projects and Infra Limited
Vishnusurya Projects and Infra Limited
view
Mobikwik IPO
Mobikwik IPO
view
Emcure Pharmaceuticals IPO
Emcure Pharmaceuticals IPO
view
Go First (Go Airlines) IPO
Go First (Go Airlines) IPO
view
Wellness Forever Medicare IPO
Wellness Forever Medicare IPO
view
Navi Technologies IPO
Navi Technologies IPO
view
BoAt IPO
BoAt IPO
view
EBIXCASH IPO
EBIXCASH IPO
view
OYO IPO
OYO IPO
view
FabIndia IPO
FabIndia IPO
view
Bharat FIH Limited
Bharat FIH Limited
view
Snapdeal Limited
Snapdeal Limited
view
Puranik Builders Limited
Puranik Builders Limited
view
Droom Technology Limited
Droom Technology Limited
view
Biba Fashions Limited
Biba Fashions Limited
view
Aadhar Housing Finance Limited
Aadhar Housing Finance Limited
view
Blue Jet Healthcare Limited
Blue Jet Healthcare Limited
view
TATA Technologies Limited
TATA Technologies Limited
view
Deltatech Gaming
Deltatech Gaming
view
Veefin Solutions Limited
Veefin Solutions Limited
view

Key Indices in NSE

Key Indices in BSE

About Icici Bank


ICICI (Industrial Credit and Investment Corporation of India) Bank, one of India’s leading private banks, was originally formed in 1955 as an initiative by the World Bank, the Government of India, and representatives of the industry. The aim of this initiative was to create a developmental financial institution that can help provide medium and long term financial aid to Indian businesses. This continued till the liberalisation policies came into place in the 1990s, after which the enterprise expanded its services to include diversified financial services and products to its customers.A part of the brand Group, the bank was incorporated in 1994, and after five years, became the first Indian company and the first financial institution from non-Japan Asia to be listed on the New York Stock Exchange. In 2001, the Board of Directors of the enterprise and the bank approved the merger of ICICI and two of its wholly-owned retail finance subsidiaries, ICICI Personal Financial Services Limited and ICICI Capital Services Limited, with ICICI Bank. The following year, it was approved by the shareholders, courts, and RBI, officially integrating the group’s wholesale and retail services into one entity.By 2020, the bank’s total assets stood at 14.76 trillion, amassed through its wide network of 5,418 branches and 13,383 ATMs across India.

Core Activities & Products



  • Retail Banking: Providing financial aid directly to the citizens of India, this service includes bank deposits, withdrawals, card services, transfers, and more.
  • Loans: The enterprise provides different types of financial lending options to individuals as well as corporations, including business loans, personal loans, car loans, home loans, and more.
  • Wholesale Banking: This service of the bank includes financial tools offered to businesses of all sizes to help them grow.


Board of Directors

  • Mr. Girish Chandra ChaturvediNon-Executive (part-time) Chairman
  • Mr. Hari L. MundraIndependent Director
  • Mr. S. MadhavanIndependent Director
  • Mr. Sandeep Bakhshi,Managing Director & CEO
  • Ms. Neelam DhawanIndependent Director
  • Mr. Anup Bagchi,Executive Director
  • Mr. Radhakrishnan NairIndependent Director
  • Mr. Sandeep Batra,Executive Director
  • Mr. B. SriramIndependent Director
  • Mr. Uday ChitaleIndependent Director
  • Ms. Vibha Paul RishiIndependent Director


Presence


Through its current corporate office in the heart of Mumbai, Maharashtra, the organisation currently manages over 5,000 branches and 13,000 ATM machines around the country. Its subsidiaries are present around the globe, including the UK and Canada with its branches in USA, Bahrain, Singapore, Qatar, Hong Kong, Oman, Dubai International Finance Centre, China and South Africa. The bank also has several representative offices in the United Arab Emirates, Malaysia, Indonesia and Bangladesh.

Registered Office


ICICI Bank Towers,
Bandra-Kurla Complex,
Mumbai 400051.

Strengths:


The strengths of the company that have affected the ICICI share price are:
  • High Revenue: The bank currently generates a revenue of Rs. 67803 Crores (US 9.5 Billion).
  • Huge network: It’s widely spread network of over 5,000 branches and 13,000 ATMs allow it to service people from all corners of the country.
  • Balance Sheet: Over the years, ICICI Bank has declared a solid and consistent balance sheet, making it more reliable than other banks. Mobile Banking: ICICI Bank has the first-mover advantage as it was the first to introduce mobile banking and jewellery card solutions.


CSR and Sustainability

Contributing to the Indian economic growth and development for over six decades, the organisation has put inclusive growth as a key priority for itself. Through their focused initiatives, they aim to better identify areas such as primary healthcare, elementary education, skill development, and sustainable livelihood, financial inclusion, and rural development. Through their various programmes and initiatives, the bank has helped upskill over 3 Lakh women across India, offering over 70 courses that have helped more than 12 Lakh people become financially literate.

Criticism

Though decades of set up has allowed the bank to garner quite a lot of goodwill, many customers and shareholders harbour certain criticisms towards the organisation. Apart from poor complaint resolution processes in place, which has led to a high number of disputes against the organisation, ICICI Bank also has one of the strictest loan and debt repayment programs. They often hire third party services for recovery, which has led to a lot of complaints about harassment and consumer attack during recovery even before the deadlines.

COVID-19 Impact


The pandemic did impact economies as well as banking systems across the world and in India. The lockdown that was nationwide from March to May 2020 impacted the bank activities, but the subsequent easing of lockdown rules led to gradual improvement. There was lower demand for loans as well as most fee based services. The second wave after in March 2021 resulted in re-imposition of the lockdown and the effectiveness of the company and future steps were affected and delayed respectively, but under the guidance and leadership of Chanda Kochhar, the bank was able to mitigate the impact and return its activities to pre-pandemic levels fairly quickly, maintaining a rising share market.

Future Prospects


In the March quarter of FY21, the brand reported a net profit of Rs 4,403 crore, up by 260% year-on-year (YoY) from the previous year while its operating profit grew by 16%. In light of this, the company has revised its one-year target stock price, from Rs. 800 to Rs. 825. Moreover, they have also increased their earnings by 4-6% and intend to continue reporting stable asset quality and steady growth momentum.

Did You Know!

The CEO & MD of ICICI Bank - Chanda Kochhar has consistently been enlisted on the Fortune list of ‘Most Powerful Women in Business’ ever since 2005. In 2009, she was listed on Forbes at number 20 as being the ‘Most Powerful Women - Hall of Fame’ and has similar titles with Business Today, Bloomberg Markets as well as Time Magazine.Another very interesting thing done by ICICI in 2016 is the software robotics implementation - a first in Indian banking. More than 200 software robots perform over 1 million transactions per day which constitutes about 10% of all banking transactions of the company.

Initial Public Offering

The IPO of the company was released on the National Stock Exchange (NSE) in June, 2007, as well as listed on BSE and NYSE (New York Stock Exchange), where the base ICICI share price was set at Rs. 885 and Rs. 950 per share. The face value per ICICI stock price was Rs. 10. The issue size of shares of Rs. 10 was Rs. 2,287.5 crore at Rs. 940 per share and these were all offered for sale.

Equity Shares

In August 2022, the ICICI share price was up by 13%, which is a record high in the market world. The ICICI stock price is trading at levels of Rs. 885 and the brokerages are seeing an upside as they remain bullish post the release of the company’s annual financial report. The bank is doing well on the front of strengthening their balance sheet and have a strong focus on its retail franchise. Led by a strong PPOP, controlled provisions as well as steady asset quality, the report is of a robust performance with a mix of high yields in their portfolio as well as a low cost liability. Investors believe that the ICICI share price has the market target of Rs. 1,100.

Download Icon Download the Upstox App Today
close

Download Upstox Mobile App

upstox-qr-code
playstore apple