ICICI Bank gains on opening new branch in Chennai

ICICI Bank is currently trading at Rs. 1258.95, up by 14.15 points or 1.14% from its previous closing of Rs. 1244.80 on the BSE. The scrip opened at Rs. 1252.00 and has touched a high and low of Rs. 1264.00 and Rs. 1250.00 respectively. So far 46,110 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1317.85 on 25-Apr-2014 and a 52 week low of Rs. 758.80 on 28-Aug-2013. Last one week high and low of the scrip stood at Rs. 1317.85 and Rs. 1235.00 respectively. The current market cap of the company is Rs. 1,45,382.00 crore. The Institutions and Non-Institutions held 63.07% and 7.77% respectively.  ICICI Bank has inaugurated a new branch at Ashok Nagar in Chennai, becoming the first private sector bank to have 100 branches in the city. The bank had marked its foray into retail banking in 1994 by opening a branch in Chennai, at Cenotaph Road in Teynampet. The new branch situated at No.18 A, Ashok Enclave, First Avenue, Ashok Nagar will remain open for customers from 9:00 am to 6:00 pm on Monday to Friday and 9.00 am to 2.00 pm on Saturday. The branch has an extensive wealth management lounge serviced by a dedicated team of wealth managers to cater to the needs of high net worth customers. It will offer the entire gamut of ICICI Bank products including a comprehensive range of deposits, loans, NRI services and offer locker facility. ICICI Bank has 3753 branches and extension counters and 11,315 ATMs spread across the country. In FY 2013-14, the Bank added 653 branches and 834 ATMs to its network. It also has a widespread network of 392 branches and 1184 ATMs in Tamil Nadu. The Bank services its large customer base through a multi-channel delivery network of branches, ATMs, call center and internet banking.