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ICICI Bank Ltd (ICICIBANK)

₹1105.650.15%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Performance

  • Day's Low

    Day's High

    ₹1,099.45
    ₹1,114
  • 52 Week's Low

    52 Week's High

    ₹899
    ₹1,173
1 Month Return-2.2 %
3 Month Return+ 2.26 %
1 Year Return+ 19.77 %
Previous Close₹1,107.35
Open₹1,114.00
Volume1.14Cr
Upper Circuit-
Lower Circuit-
Market Cap₹7,77,655.23Cr

Analyst Rating

based on 40 analysts

BUY
90.00%
Buy
10.00%
Hold
0.00%
Sell

Based on 40 analysts offering long term price targets for ICICI Bank Ltd. An average target of ₹1308.12

Source: S&P Global Market Intelligence

Company Information

ICICI Bank Ltd is an Indian multinational banking and financial services company headquartered in Mumbai, Maharashtra. Incorporated in 1994, ICICI Bank is the second largest bank in India in terms of assets and market capitalization.

The bank offers a wide range of banking products and financial services for corporate and retail customers through a variety of delivery channels and specialized subsidiaries in the areas of investment banking, life and non-life insurance, venture capital and asset management. Its operations span across India, the United Kingdom, Canada, the United States, the United Arab Emirates, Bahrain, Singapore, Hong Kong, Sri Lanka, Qatar and Oman.

The bank's main products and services include savings accounts, current accounts, fixed deposits, debit cards, credit cards, personal loans, home loans, car loans, mutual funds, insurance and investment products. It also provides NRI banking services, corporate banking, internet banking, mobile banking and other banking services. The bank has a presence in over 15 countries across the world and is one of the largest private sector banks in India.

Share Price: ₹1105.65 per share as on 14 Jun, 2024 04:01 PM
Market Capitalisation: ₹7,77,655.23Cr as of today
Revenue: ₹67,409.02Cr as on March 2024 (Q1 24)
Net Profit: ₹11,671.52Cr as on March 2024 (Q1 24)
Listing date: 24 Sep, 1997
Chairperson Name: Girish Chandra Chaturvedi
OrganisationICICI Bank Ltd
HeadquartersMumbai
IndustryBanks
E-voting on sharesClick here to vote

What's happening today

  • img

    Today's Timeline - 17 Jun

    11:00 AM

    -

    CLSA expects private sector banks, including ICICI Bank, to give better returns ahead due to good business outlook and inexpensive valuations.

    01:19 PM

    -

    ICICI Bank offers PayLater option, a pre-approved Credit Line on UPI, promoting financial inclusion and economic growth.

Key events for ICICI Bank Ltd

  • ICICI Bank Offers Pre-Approved Credit Line on UPI; CLSA Expects Better Returns Ahead - 17 Jun, 2024

    ICICI Bank introduces PayLater, a pre-approved Credit Line on UPI, while CLSA predicts better returns for private sector banks like ICICI Bank due to good business outlook and inexpensive valuations.

  • ICICI Bank Faces Allegations of Illegal Employee Termination - 16 Jun, 2024

    ICICI Bank is facing allegations of illegal employee termination and has been summoned by the Labour Ministry for a joint discussion. Meanwhile, the bank is offering a cashback deal of up to Rs 8,000 on smartphone purchases made with ICICI bank cards and EMI transactions.

  • ICICI Bank Receives Positive Analyst Rating and Offers Discount to Credit Card Holders - 13 Jun, 2024

    Analyst Hemant Shah is bullish on ICICI Bank and recommends DCB Bank for good returns. MOFSL has given ICICI Bank a target price of Rs. 1,300 per share. Additionally, ICICI Bank credit card holders can avail an extra discount of ₹8,000 on Pixel 8 purchase.

  • ICICI Bank Revises Credit Card Fees and Charges - 12 Jun, 2024

    Effective July 1, 2024, ICICI Bank will revise credit card replacement fees to Rs 200 (except for Emerald Private Metal Credit Card). Late payment charges on other cards will be a function of the Total Amount Due minus any payment received before payment due date. Various fees such as pick-up fee, charge slip fee, draft value amount deduction fee, cheque value deduction fee, and duplicate statement fee have been discontinued. Joining fees, annual fees, and supplementary card fees for various credit cards have also been revised effective June 1, 2024.

  • ICICI Bank Faces NCLAT Notice Over Debt Settlement Proposal - 11 Jun, 2024

    ICICI Bank faces a notice from the National Company Law Appellate Tribunal (NCLAT) regarding Jaiprakash Associates Ltd's one-time settlement proposal. Meanwhile, ICICI Bank revised its deposit rates and is offering 7.30% for a maturity bucket of 1 year to 389 days.

  • ICICI Bank Faces SEBI Warning, Insolvency Plea Admitted by NCLT - 10 Jun, 2024

    ICICI Bank faces an administrative warning from SEBI for allegedly influencing shareholders of ICICI Securities. Additionally, the National Company Law Tribunal (NCLT) has admitted ICICI Bank's insolvency plea against Jaiprakash Associates Limited (JAL) under Section 7 of the Insolvency and Bankruptcy Code (IBC).

  • ICICI Bank Faces Penalty, Warning from Regulators; Sandeep Bakhshi's Appointment Approved - 07 Jun, 2024

    ICICI Bank faces a monetary penalty of ₹12.19 crore from RBI for non-compliance with banking regulations, while SEBI issues an administrative warning over its outreach activities around the delisting of ICICI Securities. However, Sandeep Bakhshi's appointment as MD and CEO is approved by RBI.

  • ICICI Bank Faces Sebi Probe Over Delisting Proposal - 06 Jun, 2024

    ICICI Bank is under investigation by Sebi over allegations that its employees contacted shareholders of ICICI Securities to influence their votes on a delisting proposal. Meanwhile, shares of several Indian banks, including ICICI Bank, have surged in recent days.

  • ICICI Bank May Benefit from Trend Change in Banking Sector - 05 Jun, 2024

    Analysts suggest that ICICI Bank may benefit from an expected shift away from PSUs buying smaller banks. Global brokerage Bernstein warns against increased populist measures as negative for PSU banks.

  • ICICI Bank Launches Co-Branded Credit Cards with Airport Benefits - 04 Jun, 2024

    ICICI Bank has partnered with Adani One to launch co-branded credit cards with airport-linked benefits. Analysts have reiterated that ICICI Bank is the best-positioned private bank in terms of credit growth, operating profit growth, and balance sheet quality.

  • ICICI Bank Files Insolvency Plea Against Jaiprakash Associates - 03 Jun, 2024

    ICICI Bank files insolvency plea against Jaiprakash Associates Ltd, while claiming over Rs 3,000 crore to be recovered in an ongoing case. The bank also contributes to over half of Nifty's 733-point gain. Motilal Oswal Financial Services remains overweight on ICICI Bank Ltd.

  • ICICI Bank Among Key Heavyweights Driving Modest Gains - 01 Jun, 2024

    ICICI Bank has been identified as a preferred pick in the private banking sector by analysts. The bank was also among the key heavyweights driving modest gains in the Indian stock market benchmarks, the Sensex and Nifty 50, over the last five sessions.

  • ICICI Bank Receives Positive Rating Outlook from S&P - 30 May, 2024

    S&P Global Ratings has revised the rating outlook for ICICI Bank from Stable to Positive, along with five other major Indian banks. The move follows a similar adjustment to India's sovereign rating, reflecting the country's economic growth. Additionally, S&P affirmed the BBB- long-term and A-3 short-term ratings for these banks.

  • ICICI Bank Chairman Directed to Explain Use of Recovery Agents Despite Supreme Court Prohibition - 29 May, 2024

    The Allahabad High Court has directed the chairman of ICICI Bank to explain how officials engaged recovery agents in a loan case despite a prohibition by the Supreme Court. The court also asked why a civil suit was filed against a complainant who had paid the entire loan amount along with interest and foreclosure charges, causing harassment.

  • ICICI Bank Fined Rs 1 Crore by RBI for Non-Compliance - 28 May, 2024

    ICICI Bank has been fined Rs 1 crore by the RBI for various non-compliances including irregularities in loan sanctions and failure to comply with regulatory norms. The bank was also directed by the Allahabad High Court to explain why it still uses recovery agents despite a top court judgement against it.

  • ICICI Bank Faces Penalty from RBI, Appoints New Part-Time Chairman - 27 May, 2024

    ICICI Bank faces a penalty of Rs 1 crore from the RBI for non-compliance with loan and advance regulations. The bank also appointed PK Sinha as its new part-time chairman. Kotak Securities reaffirmed a BUY rating for the bank with a revised fair value of Rs 1,300.

  • Pradeep Kumar Sinha Appointed Part-time Chairman of ICICI Bank - 25 May, 2024

    The Reserve Bank of India has approved the appointment of Pradeep Kumar Sinha as the Part-time Chairman of ICICI Bank for a term of three years starting from July 1, 2024. He will succeed G.C. Chaturvedi, who is set to retire on June 30, 2024.

  • ICICI Bank Rises in Market Cap and Total-Return Basis - 24 May, 2024

    ICICI Bank Ltd has seen significant growth in its total returns since Q32002. Additionally, it is among the leading companies by market capitalization as NSE's market cap exceeds $5 trillion.

  • ICICI Bank's Cost of Equity Edge - 23 May, 2024

    ICICI Bank is expected to enjoy a cost of equity edge, giving it a premium valuation. However, this may be offset by higher sustainable RoE from other large banks.

  • ICICI Bank Sees Growth Potential Through Retail Loans and Digital Payments - 22 May, 2024

    ICICI Bank's focus on customer-centric solutions has led to a surge in investor confidence, reflected in a 24.74% increase in share price YoY. The bank's commitment to digital transformation and expanding product offerings across various segments is expected to drive risk-calibrated profitable growth. Analysts recommend buying ICICI Bank shares, which have surged over 11% this year, with target prices ranging from Rs 1,300 to Rs 1,330 per share.

Insights on ICICI Bank Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 35.12% to 36.01% in Mar 2024 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 8 quarters, 7.38K Cr → 11.67K Cr (in ₹), with an average increase of 6.3% per quarter

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 4 quarters, 52.33K Cr → 67.40K Cr (in ₹), with an average increase of 8.0% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, State Bank of India has given 99.7% return, outperforming this stock by 25.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, State Bank of India has given 47.5% return, outperforming this stock by 27.8%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, ICICIBANK stock has moved down by -1.6%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 7.92% to 7.72% in Mar 2024 quarter

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 24.69% to 23.91% in Mar 2024 quarter

ICICI Bank Ltd Valuation

ICICI Bank Ltd in the last 5 years

  • Overview

  • Trends

Lowest (15.80x)

October 26, 2023

Today (17.50x)

June 14, 2024

Industry (19.23x)

June 14, 2024

Highest (66.71x)

June 27, 2019

LowHigh

Mutual Fund Holdings

Funds Holdings
HDFC Flexi Cap Fund -Direct Plan - Growth OptionHDFC Flexi Cap Fund -Direct Plan - Growth Option9.22%
ICICI Prudential Bluechip Fund Direct Plan GrowthICICI Prudential Bluechip Fund Direct Plan Growth8.19%
SBI Equity Hybrid Fund Direct GrowthSBI Equity Hybrid Fund Direct Growth5.74%
Parag Parikh Flexi Cap Direct GrowthParag Parikh Flexi Cap Direct Growth5.07%
HDFC Top 100 Fund -Direct Plan - Growth OptionHDFC Top 100 Fund -Direct Plan - Growth Option9.75%

Shareholding Pattern

InvestorsHoldings %Prev. 1 periods3M change
Promoter Holdings
0%
0.00
Foreign Institutions
36.01%
0.00
Mutual Funds
23.91%
0.00
Retail Investors
7.72%
0.00
Others
32.36%
0.00

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16 Jun, 2024 12:11 PM

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17 Jun, 2024 03:42 PM
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ICICI Bank Ltd (ICICIBANK) share price today is ₹1105.65

ICICI Bank Ltd is listed on NSE

ICICI Bank Ltd is listed on BSE

  • Today’s highest price of ICICI Bank Ltd is ₹1114.
  • Today’s lowest price of ICICI Bank Ltd is ₹1099.45.

PE Ratio of ICICI Bank Ltd is 17.5

PE ratio = ICICI Bank Ltd Market price per share / ICICI Bank Ltd Earnings per share

Today’s traded volume of ICICI Bank Ltd(ICICIBANK) is 1.14Cr.

Today’s market capitalisation of ICICI Bank Ltd(ICICIBANK) is ₹777655.23Cr.

ICICI Bank Ltd(ICICIBANKPrice
52 Week High
₹1173
52 Week Low
₹899

ICICI Bank Ltd(ICICIBANK) share price is ₹1105.65. It is down -5.74% from its 52 Week High price of ₹1173

ICICI Bank Ltd(ICICIBANK) share price is ₹1105.65. It is up 22.99% from its 52 Week Low price of ₹899

ICICI Bank Ltd(ICICIBANKReturns
1 Day Returns
-1.7%
1 Month Returns
-2.2%
3 Month Returns
2.26%
1 Year Returns
19.77%