ICICI Bank trades higher on the bourses

ICICI Bank is currently trading at Rs. 1546.70, up by 153.60 points or 11.03% from its previous closing of Rs. 1393.10 on the BSE. The scrip opened at Rs. 1436.00 and has touched a high and low of Rs. 1590.35 and Rs. 1420.00 respectively. So far 401094 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1427.00 on 13-May-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. 1427.00 and Rs. 1281.35 respectively. The current market cap of the company is Rs. 181134.21 crore.  The Institutions and Non-Institutions held 63.07% and 7.77% respectively. ICICI Bank, India's largest private sector bank and Vodafone India's wholly-owned subsidiary Mobile Commerce Solutions (MCSL) which owns the money transfer and payment facility M-Pesa, have launched mobile based subsidy payment for Janani Suraksha Yojna in Ranchi. Under this mandate, MCSL will act as a Business Correspondent (BC) of ICICI Bank and will facilitate the payment of mobile-based subsidy to the beneficiaries via its agents. The beneficiaries, with any active mobile number can directly receive payment of the health care subsidy. Once the payment is made, they will be intimated via SMS, mentioning the amount of subsidy, the withdrawal code and the withdrawal procedure. They can then withdraw the subsidy amount by simply authorizing the transaction with the withdrawal code at a nearby Vodafone retail outlet. ICICI Bank and Vodafone M-Pesa has started the pilot project in Namkum block in Ranchi district, Jharkhand. The payment of health care subsidies under Janani Suraksha Yojna Scheme aims at reducing the neo-natal and maternal deaths in India by promoting institutional delivery of children. This scheme is operated under National Rural Health Mission (NRHM) of Government of India. ICICI Bank is India's largest private sector bank and the second largest bank in the country with consolidated total assets of $124.76 billion at March 31, 2014. ICICI Bank's subsidiaries include India's leading private sector insurance companies and among its largest securities brokerage firms, mutual funds and private equity firms. ICICI Bank's presence currently spans 19 countries, including India.