ICICI Bank Limited is a banking company. The Bank is engaged in providing a range of banking and financial services, including commercial banking, retail banking, project and corporate finance, working capital finance, insurance, venture capital and private equity, investment banking, broking and treasury products and services.
The Bank's business segments are Retail banking, Wholesale banking, Treasury, Other banking, Life insurance, General insurance and Others. It has a network of approximately 18,210 branches and automated teller machines (ATMs). The Bank has approximately 110 Touch Banking branches across over 30 cities.
Its international banking is focused on providing solutions for the international banking requirements of its Indian corporate clients and leveraging economic corridors between India and the rest of the world. The Bank caters to the financial needs of women entrepreneurs through its Self-Help Group (SHG) program as a part of its microfinance initiatives.
Stock Performance:
During the last 1 year the scrip has given following returns
1 year - 16%
6 months - 3.75%
3 months - minus 14%
1 month - minus 11%
1 week - minus 5%
Recommendation :
Buy if the price falls 8-10% from current levels and add to your long-term portfolio.
Blue Chip :
Weightage on BSE Sensex = 3.55% and on Nifty = 16.61% Bank Nifty 28.5%
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