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ICICI Bank strengthens on eyeing to grow retail loan disbursement in Kerala by over 20% in FY20

ICICI Bank is currently trading at Rs. 436.20, up by 2.55 points or 0.59% from its previous closing of Rs. 433.65 on the BSE. The scrip opened at Rs. 432.80 and has touched a high and low of Rs. 438.90 and Rs. 432.35 respectively. So far 178739 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 2 has touched a 52 week high of Rs. 438.90 on 26-May-2019 and a 52 week low of Rs. 256.50 on 16-Jul-2018.

Last one week high and low of the scrip stood at Rs. 438.90 and Rs. 419.60 respectively. The current market cap of the company is Rs. 281176.72 crore.

The Institutions holding in the company stood at 88.79%, while Non-Institutions held at 11.21%.

ICICI Bank is eyeing to grow its retail loan disbursement in Kerala by over 20 percent to Rs 3,100 crore in FY20. The bank planned to achieve this growth by rapidly expanding disbursement of consumer loans and mortgage loans, the two main pillars of retail loans.

The disbursement of consumer loans, which comprises of personal and auto loans, is expected to grow by nearly 22 percent to Rs 2,200 crore while mortgages, including home loan, by close to 20 percent to nearly Rs 900 crore.

ICICI Bank is India’s largest private sector bank by consolidated assets. ICICI Bank’s subsidiaries include India’s leading private sector insurance, asset management and securities brokerage companies, and among the country’s largest private equity firms.



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